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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Kitchen and bath dealers expect sales increase
An index measuring the confidence of 150 kitchen and bath dealers shows that they believe sales will increase in the next quarter. Seventy percent of the surveyed dealers said they expected showroom sales to increase due to kitchen and bath remodels. The prediction is line with recent home sale trends.
Freddie Mac: 46 Percent of Mortgage Refis 'Cash-in'
Cash-in rate for mortgages at record high, Freddie Mac says
Census Bureau: Homeownership rate drops
Both the homeownership rate and homeowner property vacancy rate fell in the last quarter of 2010, the U.S. Census Bureau announced in its latest Housing Vacancies and Homeownership report. The homeownership rate for the last quarter was 66.5 percent, lower than both the previous quarter and the final quarter of 2009.
NAHB Index Shows Improvement in Remodeling Market
Remodelers are more optimistic about 2011 as remodeling market gets stronger
Craig Durosko: They said they hired someone cheaper ... Think again.
When someone makes a purchase, it has to have value to them and that value is based on what they are willing to pay for it.
S&P/Case-Shiller: Home prices continue to fall
Home prices continue to weaken, as eight cities hit their lowest levels since the peak in 2006 and 2007, according to the latest S&P/Case-Shiller Home Price Indices. The data showed that in November Atlanta; Charlotte, N.C.; Detroit; Las Vegas; Miami; Portland, Ore.; Seattle; and Tampa, Fla., all dropped to levels below spring 2009 lows.
Existing home sales continue upward trend in December
Existing home sales rose in December for the fifth time in the last six months, indicating a recovery as the housing market continues to stabilize. According to the National Association of Realtors, existing homes sales jumped 12.3 percent last month, reaching a seasonally adjusted rate of 5.28 million.
Housing starts drop but building permits on the rise
Housing starts declined in the last month of 2010, reaching their slowest pace since October 2009, new Commerce Department data show. On a positive note, building permit issuance rose 16.7 percent in December 2010, which might indicate that builders are upbeat about the upcoming spring selling season.
Union protestors shut down mortgage banking conference over Pulte
Union members shut down a Mortgage Bankers Association conference in Washington, D.C., yesterday in protest of PulteGroup Inc.’s use of $900 million in tax breaks meant to spur job creation
NAHB: Home builder confidence remains low
The National Association of Home Builders’ Housing Market Index remained steady this month at 16 for the third month in a row, indicating that home builders’ confidence is still low. Perceptions on current single-family home sales and sales expectations for the next six months remained the same as last month. Perceptions of prospective buyer traffic gained one point.