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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. cbroderick. A Hard Constraint.

Debt 59
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Biden Announces New Plan to Help Homeowners Save on Mortgage Costs

Pro Builder

Under the new initiative, the Federal Housing Administration will reduce mortgage insurance premiums by 0.3 households save an average of $800 in the year ahead, the White House claims. households save an average of $800 in the year ahead, the White House claims. percentage points to 0.55% for FHA-insured mortgages.

Plans 52
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Subbies left unpaid by developer Empire Property Concepts

Construction Enquirer

An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April. The administrators report filed at Companies House is signed-off by Empire director Paul Rothwell who is also listed as a director of a series of other businesses mainly based at the same Doncaster address. .”

Banking 100
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Marshalls to cut 250 jobs as sales slump

Construction Enquirer

Building products manufacturer Marshalls is cutting 250 jobs and closing its factory in Carluke, Lanarkshire as the slowing housing market drags down sales. ” Net debt stood at £185m at the end of June compared to £208m the previous year. The job losses come on top of 150 redundancies at the end of last year.

Debt 72
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What You Should Know Before Taking a Construction Loan

Construction Marketing

It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount.

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4 Foundations of a Successful House Build

Constructonomics

Read on for the four foundations of any successful house build; foundations you will need to have in place to take your dream home from concept to reality. Whatever kind of architectural style you prefer, you can replicate it (planning permission permitting) with your own property. Inspiration.

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Industry Strategies for Weathering a Market Correction

Pro Builder

In order to stay afloat while bracing for more hard changes ahead, market players are implementing new strategies that could determine the trajectory of the next housing cycle. Others will need every penny to repay debt. Planning + Development. Home prices: It only takes 3 homes to be sold in a neighborhood to reset prices.