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September Reports Increased Home Sales

Pro Builder

Total housing inventory at the end of September amounted to 1.27 Unsold inventory sits at a 2.4-month month supply at the present sales pace, down 7.7% However, sales decreased 2.3% from a year ago (6.44 million in September 2020).”. million units, down 0.8% from August and down 13.0% from one year ago (1.46

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Brick giant to mothball plant as housing demand drops

Construction Enquirer

The company said: “ With the new factory becoming operational at a time of subdued demand, disciplined capacity management is key to our ongoing success and we are presently consulting on measures to temporarily reduce our production, including the mothballing of our Howley Park brick factory. ”

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Mortgage Rates Continue to Drop, As Does Affordable Housing Supply

Pro Builder

Mortgage rates decreased again this week to another new low, but the shortage of homes presents a growing issue: a shrinking supply of affordable homes. The inventory of existing homes for sale at the end of June was down 18.2% Mortgage Rates Continue to Drop, As Does Affordable Housing Supply. cbroderick. Fri, 08/07/2020 - 08:53.

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Advice for Home Builders Navigating a Market in Flux

Pro Builder

However, with increases in interest rates, cancellations, inventories, construction time, and customer concessions, financing expenses are set to go up by an average of between 4% and 5% in the foreseeable future. Private builders are currently experiencing 40% to 50% declines in traffic and sales, and inventories are 21.3%

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How to simplify your daily construction reports

Lets Build

Equipment used: Document any equipment or machinery present, how many hours they were used, and if any heavy machinery was left idle that day. Crew list: List every worker present on site, organise them into categories (GCs, subs, tradespeople, etc.), and total the hours worked by each one.

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ESG is an Opportunity for Commercial Landlords

Green Building Law Update

The ‘just in time’ delivery supply chain mantras of the 1980s promising lower costs through no inventory and efficient logistics seem a distant memory. There has been a lot of talk in recent months about supply chain including that during the pandemic supply chain delays and shortages are real.

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More Than Half of Buyers Now Put Down 20% or More

Pro Builder

Appraisals present a hurdle for homebuyers with VA and FHA financing at a time when prices are rising fast and homes are selling swiftly with little inventory on the market. In May 2021, the total inventory of homes (unsold) on the market was equivalent to 2.5

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