Remove Debt Remove Finance Remove Inventory Remove Plans
article thumbnail

Buyers Retreat as Mortgage Rates Creep Over 7% Threshold Again

Pro Builder

Rates are rising due to uncertainty about the Federal Reserve’s plan to tame inflation in a strong economy, as well as an ongoing battle over raising the debt ceiling and the possibility of a U.S. Even if the debt crisis is resolved before a default, rates don’t have a lot of reason to move significantly lower anytime soon.

Debt 52
article thumbnail

How Do Construction Loans Work?

Work Gearz

How to approach financing for contractors. Construction only loans : The loan must be fully repaid once construction is complete when we talk about construction-only financing. In other cases, they can also plan to use the profits acquired from the sales of their present home to cover the loan of the newly constructed home. .

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Furthermore, this cash flow gap may cause you to miss other profit opportunities, damage your credit rating, and force you to take out loans and create debt. Credit policy - Is part of your Contractor Business Plan and is the blueprint you use when deciding to extend credit to a customer. Keep your inventory as low as possible.

article thumbnail

Industry Focus – Retail: Less Than Six Degrees of Separation

Buisness Facilities Contributed Content

In addition to directly providing 29 million retail jobs it supports more than four million logistics jobs; four million management and administration jobs; two million healthcare and service jobs; almost two million finance, insurance and real estate jobs; and 800,000 technology jobs. Nearby is a new 15-acre Cape Coral Army Reserve Center.

Retail 40
article thumbnail

How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

The home building industry has historically benefited from advancements in building materials, technological innovation , long-term mortgage financing, and government support. But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction.

article thumbnail

NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. Even as the nation grapples with the economic effects of the COVID-19 pandemic , Fowke plans to continue the association’s emphasis on improving housing affordability. “We New Single-Family Home Inventory. Mon, 08/03/2020 - 13:00. Leadership.

NAHB 98
article thumbnail

NAHB Chairman's Letter: Americans Want Action on Housing Affordability

Pro Builder

Homeownership Plans Postponed as Prices Reach New Highs. Two Years Into Low Inventory and Rising Prices—and Still No End in Sight. Support to strengthen the nation’s housing infrastructure remained strong, even if such spending added to the national debt, with 64% in favor. Housing Policy + Finance. Affordability.

NAHB 98