article thumbnail

Subcontractors owed £4.6m after Howard Russell collapse

Construction Enquirer

An update on the administration filed at Companies House said the firm was sunk by a combination of rising materials costs, project delays and defect liability claims. It also detailed the level of debts with 208 unsecured creditors left holding unpaid invoices. with 31 staff working at the company.

Debt 72
article thumbnail

Real Estate Investment Trusts (REITs): Understanding the Construction Connection

Construction Marketing

Equity REITs own and operate income-generating real estate properties, while mortgage REITs invest in mortgages and other real estate debt instruments. Demographic Shifts Demographic shifts, such as an aging population , can increase the demand for specialized real estate properties, such as senior housing and healthcare facilities.

Income 216
professionals

Sign Up for our Newsletter

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

article thumbnail

How is Artificial Intelligence Helping Home Buyers?

Pro Builder

At LoanSnap, a San Francisco-based mortgage lender, the borrower’s financial information is put in a system that “takes all that information, forecasts it out into the future and looks at thousands and thousands and thousands of options,” said Karl Jacob, CEO of LoanSnap.

article thumbnail

Economy Picks Up Steam; Manufacturing Is One Component Helping To Pave The Way

Buisness Facilities Contributed Content

Fannie Mae’s Economic & Strategic Research Group’s full-year forecast for the economy remains on track, with GDP expected to come in at approximately 2.0 Fiscal drag is waning, the housing recovery continues, and manufacturing and business investment are rebounding, helping to boost growth. percent in 2014.

article thumbnail

What is Building Construction | Steps & Processes of Building Construction | Application of Building Construction | How to do Planning of Building Construction

CivilJungle

Also, Read: House Construction Cost Calculator Excel Sheet. Also, Read: How to Find House Construction Cost. Also, Read: Standard Room Size | How to Draw House Plan Step By Step. Electrical and Plumbing. Exterior Finishing. Internal Finishes. Woodwork and Fixture Fittings. Boundary Wall and Gates. Hardscaping and Landscaping.

Plans 52
article thumbnail

U.S. CRE Turning Around In 2014, According To New PwC/ULI Report

Buisness Facilities Contributed Content

The movement into secondary markets is underpinned by the anticipated increase in both debt and equity capital during 2014. The report forecasts a modest increase in the short term, but does not expect a small increase to cause a major disruption to the recovery. real estate advisory practice leader, PwC.

ULI 83
article thumbnail

Housing Outlook: Is This a Recession … or Not?

Pro Builder

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

Housing 98