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Lee Marley Brickwork hires Countryside regional FD

Construction Enquirer

The country’s largest brickwork and scaffolding subcontractor Lee Marley Brickwork has strengthened its senior team to meet forecast growth from large-scale regeneration schemes. Before Countryside, he held senior finance roles at Barratt Developments and Mount Anvil.

Finance 67
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Nearly Half of All Homebuyers Who Took Out Adjustable-Rate Mortgages Regret Their Decision

Pro Builder

News & World Report reveals that 43% of homebuyers who took out an adjustable-rate mortgage (ARM) in 2022 regretted their decision, Realtor.com reports. However, Realtor.com is forecasting a 7.1% Financing. A recent survey by U.S. And while no one has a crystal ball, it is a safe bet that interest rates will eventually fall.

Finance 52
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Senate Finance Passes Tax Extensions | ENR: Engineering News.

ENR Construction

ENR New York. Senate Finance Passes Tax Extensions. Annual Subscription : Get ENR magazine for one year and access to all articles published on ENR.com, along with ENR daily news alerts and weekly newsletters for only $87.00/Year. Regional news and information. Daily news alerts & weekly e-newsletters. resources |.

Finance 28
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Buyers Are Turning to Risky Adjustable-Rate Mortgages as Housing Prices Rise

Pro Builder

Adjustable-rate mortgages were one of the causes of the Great Recession in 2007, and as housing prices escalate to new record highs, they’re making a comeback nationwide. As home prices and mortgage rates surge to new highs, some buyers are turning to adjustable-rate mortgages (ARMs) as a cost-friendly but risky home financing option.

Housing 52
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Lovell hires former Stewart Milne regional MD

Construction Enquirer

In his new position, Challinor will be responsible for a number of key developments across the region. Coming from a finance background he previously held positions at Morris Homes, MyTravel and Thomas Cook.

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Roundabouts Ramp Up in Popularity | ENR: Engineering News.

ENR Construction

Annual Subscription : Get ENR magazine for one year and access to all articles published on ENR.com, along with ENR daily news alerts and weekly newsletters for only $87.00/Year. Regional news and information. Daily news alerts & weekly e-newsletters. Industry forecasts. Order today & get the ENR News App.

News 53
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Kier whittles net debt down to £230m

Construction Enquirer

In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. Kier has whittled down its average month-end net debt to £230m after a better than expected cash performance at its construction division. reported in the prior year.

Debt 47