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
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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
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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
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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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Freddie Mac CEO: Government involvement in housing market must continue
The government will have to continue its involvement in the housing and mortgage markets, as the industry forecast for the next year remains dreary, said Freddie Mac CEO Charles E. Haldeman Jr. The government currently backs nearly nine out of 10 new loans.
Former economic adviser proposes solution to foreclosure crisis
Former White House housing finance issue adviser Peter Swire proposed that senior bank officials personally vouch for the quality of their banks’ mortgage documentation process. Swire, now a law professor at Ohio State University, based his proposal on the Sarbanes-Oxley Act, which required certain disclosures to restore faith in financial statements after the Enron and WorldCom scandals.
States Announce Investigation of Mortgage Companies
A coalition of state attorneys general this week announced that they will be launching an investigation into the mortgage servicing industry, according to a report by the Wall Street Journal. The decision was made due to the recent allegations of fraudulent documents and “robo-signers,” workers who allegedly signed foreclosure documents without reading them.
Financial Times: Wells Fargo May Have Used "Robo-Signers"
The Financial Times has obtained documents that show officials at Wells Fargo may also have engaged in using "robo-signers," the same problem that has caused multiple big banks to halt foreclosures.
Healthcare Reform: Key Questions and Answers
During the interviews for this article, we found that there were several areas that were unclear to many remodelers. Here are the answers to some of…
Healthcare Reform: The 1099 Debacle
Deep within the hundreds of pages that make up the Patient Protection and Affordable Care Act is Section 9006, “Expansion of Information Reporting…
Healthcare Reform: How it affects your business
Most aspects of the Affordable Care Act will not benefit many remodelers
The benefits and pitfalls of zeroing-out owner?s comp
Should an owner ever take a $0 salary to make ends meet? When does it make sense?
Mortgage Refinance Applications Jump
The Market Composite Index, a measure of mortgage loan application volume, increased 14.6 percent on a seasonally adjusted basis from one week earlier.
Morgan Stanley Report: Housing Trough in 2012 Possible
Morgan Stanley analysts released their Housing Market Insights report, according to a report by HousingWire. The Morgan Stanley report predicts that home prices will fall by five to ten percent in 2011, and then remain flat for four years. The analysts added, however, that home prices are still at risk of falling further, and that the housing trough may continue through 2012.