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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan."

Banking 52
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Homebuilders Keep a Steady Pace as the Market Cools

Pro Builder

The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S., KB Home noted that its typical buyer has a household income of $125,000, a credit score around 730, and puts $75,000 down when buying a home. Read more. ">. New-Construction Projects. Construction. Builders.

Income 105
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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. This One Bookkeeper Error Caused the contractor to OVERPAY HIS ANNUAL INCOME TAX.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Other examples of cash inflows are borrowed funds, income derived from sales of assets, and investment income from interest. Is Cash Flow The Same As Profit? While they might seem similar, profit and cash flow are two entirely different concepts, each with entirely different results. Cash is king!

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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
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How Do Construction Loans Work?

Work Gearz

Building a house seems much more intimidating than buying one. In other cases, they can also plan to use the profits acquired from the sales of their present home to cover the loan of the newly constructed home. . Owner-builder construction loans : It is usual for every builder to build his own house. What construction loan is?

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Putting 9 senior living market trends into perspective

BD+C

Multifamily Housing Senior Living Design Apartments In a previous article , I laid out seven lessons that I’ve learned from more than 40 years of planning and designing senior living environments in the U.S. They sold off the entire inventory and took a significant write-off. and around the world. It’s important, but it’s not enough.