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Four Things To Consider Before Expanding Your Service Offerings

Contractor Bookkeeping

Adding additional services is an excellent way to increase your profitability, diversify your income and expand your market. But there are essential things to consider before adding to your income streams. If you're looking to grow your construction business, you might consider expanding your service offerings.

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2023 industry recession to be deeper than first forecast

Construction Enquirer

Private housing new build, and private housing rm&i account for around 40% of total construction output and are forecast to be the sectors most impacted by falling household incomes and higher interest rates. “The sharp falls that are forecast for housing in 2023 mean that overall, a construction recession will be unavoidable.”

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Hispanic Americans Are Chipping Away at a Persisting Homeownership Gap

Pro Builder

in 2020, its highest level ever recorded, but lingering roadblocks still hinder Hispanic Americans on the road to wealth building. The median income of Hispanic households was $56,113 in 2019, according to Insider, a rate nearly 30% lower than the $76,057 median income of white households.

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Studies Probe the Causes of Rising Road Construction Pricetags

ENR Construction

Are rising family incomes, plus demand for and control of projects, part of a simple explanation?

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Maryland's $8.5B incentive package largest of the 20 Amazon HQ2 finalists

Construction Dive

Maryland's promise includes state and local income tax credits and money for roads and transportation improvements.

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Construction Accounting Secrets For New Contractors

Contractor Bookkeeping

Regular Accounting the language is Income Minus Expenses Equals Net Profit. Construction Accounting is Income Minus Cost of Goods Minus Overhead Equals Net Profit. Understanding that difference and how it relates to Job Costing and Job Profitability can get contractors like you firmly on the road to financial freedom.

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Maryland's $8.5B incentive package largest of Amazon HQ2 finalists

Construction Dive

Maryland's promise includes state and local income tax credits and money for roads and transportation improvements.