Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
Business
6 Strategies to Optimize Gross Profit
Thoroughly estimating and tracking gross profits is the life blood of a business, and one remodeler shares the approach that works well for his firm
Business
Selling Your Company to Your Team
From company valuation to terms of the transfer, here’s a look at how three different remodelers made the deal work
Business
What's Beyond the Hammer?
Working with Brian Gottlieb on the book Beyond the Hammer provided a masterclass on how to build an aligned team
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New home sales reach record lows in February
The housing market contracted last month as new home sales fell to 250,000, 16.9 percent lower than January’s upwardly revised 301,000 and 28 percent lower than February of last year, according to Commerce Department data released today. Every region except for the West saw record low sales last month.
Adjustable-rate mortgages gain in popularity
More borrowers are opting for adjustable-rate mortgages (ARMs) in the years since the housing crisis, but today’s ARMs look different than the gimmicky loans of the past.
Existing home sales decline after three positive months
Existing home sales decreased after three consecutive months of increases as tight credit continued to hold back buyers, the National Association of Realtors found in its latest report. Home resales dropped to a seasonally adjusted rate of 4.88 million last month, down 9.6 percent from January.
White House says it will veto housing bills
The White House is threatening to veto two House Republican bills that would cancel two Obama administration housing programs, including the Home Affordable Modification Program — a $30 billion effort to help homeowners facing foreclosure refinance for more affordable loans.
Nevada counts record number of empty homes
Newly released U.S. census data shows that Nevada has a record number of empty homes, more the double the amount in 2000.
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