article thumbnail

Investor Activity Rose to a Record High in 2021

Pro Builder

Black neighborhoods have been disproportionately targeted by large investment corporations, local companies, and even wealthy individuals looking to turn a profit on undervalued or lower priced homes. But some of the most targeted Zip codes overall are in the Rust Belt, especially heavily minority neighborhoods in Detroit and Cleveland.

article thumbnail

Downturn Revisited: Why Efficiency Wins Every Time

Pro Builder

Pundits may not agree on the severity of the coming downturn, but one thing’s certain: these 10 essential tactics will boost your business' efficiency, productivity, and profit. Three years ago, in July 2019, Pro Builder published my column, “ The Next Housing Downturn—Is It Too Late to Get Ready? ” Scott Sedam, Contributing Editor.

professionals

Sign Up for our Newsletter

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

article thumbnail

Home Builder Success and the Fragility of Good Things

Pro Builder

But there’s a caveat about the definition of “success”: You know of builders considered successful by the outside world simply because they’re profitable. The question is: How profitable and sustainable are they, and at what cost? . A builder I know made just over $5 million in profit last year. Successful, right?

article thumbnail

What Labor Shortage? Not All Home Builders Affected Equally

Pro Builder

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . After a year spent largely in our own homes and with so many people working away from the office, millions want something different or better in their housing arrangements, be it major remodeling or something entirely new.

article thumbnail

Guide to Top 2023-24 Construction Conferences & Events

Autodesk Construction Cloud

Get more details 25th Annual Lean Construction Congress (Detroit, Michigan) October 24–27, 2023 The LCI Congress is held annually with a focus on Lean transformation in the built environment through Lean implementation. The 25th annual event will take place in Detroit, Michigan on October 24th through the 27th, 2023.

article thumbnail

Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

I kinda felt like I came home from work one day and my house was burnt to the ground. So while we are still not resolved, I have learned a few things about dealing with non-payment and I figured I’d share a few of them so maybe you can do a little better then next time your figurative house burns down.

Lien 186
article thumbnail

What Labor Shortage?

Pro Builder

Yet, here we are, with strong sales, great cash flow, abundant profits, and not enough people to build the homes. . After a year spent largely in our own homes and with so many people working away from the office, millions want something different or better in their housing arrangements, be it major remodeling or something entirely new.