Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Business
4 Steps to Prep Your Business for Contraction
How a remodeling company plans ahead for the worst of times (and the best of times)
Leadership
Creating a Company Fire Drill: How to Prepare for the Worst
A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected
Women at WIRC
The Fundamentals of Growing Profitably
On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth
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Remodeling Market Grows for 15th Straight Month
The latest BuildFax Remodeling Index shows that improvements continue to outpace the rest of the construction market
Home prices continue downward slide
Home prices continued to drop across the U.S. in January, falling for the sixth consecutive month as several factors continue to affect the housing market.
Foreclosure activity drops in February
The number of properties receiving a foreclosure-related notice fell to a 36-month low in February, likely due to lenders stepping back during investigations into the foreclosure process. Foreclosure listing firm RealtyTrac reported that 255,101 properties received at least notice in February, down 14 percent from January.
Report: Remodeling spending will rise significantly in first half of 2011
Remodeling spending may jump as much as 9.2 percent in the first quarter of 2011, according to a report by Harvard University’s Joint Center for Housing Studies.
Los Angeles, Chicago Areas Lead in Remodeling Spending
The counties around Los Angeles and Chicago top the nation in remodeling spending, according to NAHB
Report: Number of underwater borrowers increases
More homeowners fell underwater in the fourth quarter as home prices continued to drop.
Progress in 1099 struggle as House passes repeal bill
The House passes repeal, but bill differs from Senate version, so no resolution yet
Republicans vote to cancel two mortgage programs
The House Financial Services Committee last week moved to cancel two new Obama administration mortgage programs. The Republican-led committee voted 33 to 22 for the cancellation, the Wall Street Journal reported. The voting followed party lines.
Regulators push for 20 percent down payment rule
Bank regulators are backing a rule that would require a 20 percent down payment on lower risk mortgages that would be exempt from new lending rules.
California all-cash home sales increase, account for a third of transactions
All-cash buyers accounted for 30.9 percent of home and condominium sales in California in January, with even higher percentages in some wealthy Southern California communities. The trend is likely the result of both low home prices and an increase in foreclosures on the market.