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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Obama to Veto Foreclosure Bill
President Obama plans to veto a bill that could make it more difficult for homeowners to fight foreclosures, according to a report by the Wall Street Journal. The veto comes in the wake of revelations about “robo-signers,” people who signed foreclosure documents without first reviewing them. Blocking the bill could make it more difficult for companies to complete the foreclosure process and paperwork quickly, allowing homeowners more time to resolve loan issues.
Existing-Home Sales Move Up in August
Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July, but remain 19.0 percent below the 5.10 million-unit pace in August 2009.
Las Vegas' Existing Home Sales Hit 2-Year Low, New Home Sales A Record Low
August home sales in Las Vegas dropped to a two-year low for that month, according to real estate research firm MDA DataQuick of San Diego. Prices remained stagnant on a year-over-year basis but increased when compared with July.
Lumber Prices Jump Maximum Amount After U.S. Housing Starts Gains Announced
Future prices for lumber rose the maximum permitted by the Chicago Mercantile Exchange as a jump in U.S. housing starts revived prospects for construction materials. Lumber futures for November delivery rose the CME’s $10 daily limit, or 4.5 percent, to settle at $232 per 1,000 board feet at 1:10 p.m. in Chicago.
More Delinquent Home Loans Entering Foreclosure Pipeline
Mortgage performance statistics showed an acceleration of U.S. home loan delinquencies entering the foreclosure process in August 2010, according to Jacksonville-based Lender Processing Services' latest First Look Mortgage Report, derived from a database of nearly 40 million mortgage loans.
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The whole premise of pay-for-performance advertising is that you actually know what parts of your advertising are working. Even better, you only pay for it if it delivers.
Managing the independent contractor crackdown
How remodelers can deal with the IRS's new focus on independent contractors
Higher Subsidies For Wealthiest Buyers
Congress should extend increased loan limits on mortgages backed by Fannie Mae and Freddie Mac that are set to expire at year end, according to the powerful chairman of the House Financial Service Committee Democratic Rep. Barney Frank of Massachusetts.
August Home Repossessions Highest Since Start Of Mortgage Crisis
Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis. In all, banks repossessed 95,364 properties last month, up 3 percent from July.
Fannie, Freddie Projected To Cost Govt $53 billion Through 2020
Mortgage finance giants Fannie Mae and Freddie Mac could cost the government $53 billion through 2020 or save the government as much as $44 billion, depending on the accounting principles used.