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Building Material Demand Expected to Dip In 2023 as Remodelers Catch Up With Backlogs

Pro Builder

Building Material Demand Expected to Dip In 2023 as Remodelers Catch Up With Backlogs. The remodeling sector reported strong growth in 2022, but as more remodelers catch up with lengthy backlogs, demand for building materials is expected to fall in the year ahead. Remodeling. Building Materials.

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Remodeling Expenditures See Strong Growth in 2021

Pro Builder

Remodeling Expenditures See Strong Growth in 2021. Remodeling projects are picking up speed across the U.S. A surge in home remodeling activity is causing an increase in maintenance and home improvement expenditures benefitting the residential construction industry. . Remodeling. Remodeling Sales + Marketing.

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Remodeling Demand Surges as Homeowners Choose Not to Sell

Pro Builder

Remodeling Demand Surges as Homeowners Choose Not to Sell. Rising mortgage rates and waning inventory are creating a financial incentive for current homeowners to stay in place and remodel . . Remodelers have never been busier. Remodeling. Remodeling Projects. Remodeling. Mon, 04/25/2022 - 10:17.

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Remodelers Are Finding New Ways to Adapt to a Record-Breaking Housing Market

Pro Builder

Remodelers Are Finding New Ways to Adapt to a Record-Breaking Housing Market. Waning demand for home purchases means more projects for remodelers, but fulfilling a steady backlog of projects is proving to be a challenge amid inflated materials costs and labor shortages. Remodeling. Remodeling Projects.

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Rising Mortgage Rates Prompt Would-Be Sellers to Stay in Place and Renovate

Pro Builder

Home sales may be slowing and home prices may be falling, but with sizable equity gains from record home appreciation, homeowners are moving full speed ahead with renovation projects. Americans had a collective $11 trillion dollars in tappable equity, amounting to roughly $207,000 per homeowner, CNBC reports. Remodeling Projects.

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Everyone Wants in on Housing Flipping

Pro Builder

And fixer-uppers face rising building material costs and scarcity. Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Remodeling. Read More. .

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Construction Bookkeeping Unique Features

Contractor Bookkeeping

Business Owners - Need three basic reports, Cash, Profit and Equity. Assets - Liabilities) = Equity. -. Item List Construction Material Costs. Pay Application Invoicing For Remodel. Example #1 - The contractor asks the bookkeeper "How much money did we make on the John and Mary Doe house remodel?" Cash On Hand.