Construction Enquirer

MAY 23, 2023

Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. Management accounts to December 31 2021 showed a turnover of £17m generating a net profit of £177,000. Its civils arm MEC Groundworks also went into liquidation owing more than £100,000 to unsecured creditors.

Debt 79

Debt Leases Liability Profitability 79

Construction Enquirer

MAY 2, 2023

An update from administrator FRP advisory Trading has confirmed the scale of debts at the business. Hundreds of subcontractors and suppliers were left holding £5.3m in unpaid invoices when M&E contractor Norstead went into administration in February.

Contractors 85

Contractors Debt Profitability Accounting 85

Construction Enquirer

MAY 3, 2023

to trade creditors at the end of the 2021/22 financial year. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. Latest results for the firm for the year to March 31 2022 show a pre-tax profit of £790,000 from a turnover of £43.5m

Debt 103

Debt Construction Negotiation Forecasting 103

Construction Enquirer

JULY 25, 2023

for the year to December 31 2021 generating a pre-tax loss of £6.2m. to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts. Haydon Mechanical & Electrical has filed a notice of intention to appoint an administrator.

Cash Flow 69

Cash Flow Debt Electrical Agreement 69

Pro Builder

OCTOBER 13, 2021

Wed, 10/13/2021 - 10:16. The Fed’s Survey of Consumer Finance also found that overall, 42% of households had home mortgage debt compared with 37% with auto loan debt. . The Fed’s Survey of Consumer Finance also found that overall, 42% of households had home mortgage debt compared with 37% with auto loan debt. .

Debt 52

Debt Finance 52

Pro Builder

JANUARY 15, 2021

Fri, 01/15/2021 - 10:32. A recent survey found New York City renters owe $1 billion in unpaid rent, but the survey only accounts for roughly half of the total rentals, pushing the real debt closer to $2 billion. The New York Times says this debt figure speaks to the inadequate federal stimulus packages and unemployment payments.

New York City 83

New York City New York Debt Accounting 83

Construction Enquirer

JUNE 18, 2023

An update from administrator Opus Restructuring Llp has revealed the scale of debts left by the failure of the firm in April. Companies House records show Empire Properties Concepts Limited was registered in June 2021 and has posted only accounts for a dormant company since then showing £100 in the bank.

Banking 100

Banking Debt Residential Metro 100

Pro Builder

DECEMBER 15, 2021

Wed, 12/15/2021 - 10:07. While some are swimming in equity, others are drowning in debt—and losing their homes as a result. Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Read more.

Debt 52

Debt Equity Income New York 52

Pro Builder

OCTOBER 15, 2021

Fri, 10/15/2021 - 09:43. By August 2021, the share of government-backed loans had dropped to just 23%. A record 73% of all new mortgage debt in the first quarter of 2021 went to buyers with credit scores of 760 or above, according to data from the New York Federal Reserve. How Down Payment Loans Affect the Housing Market.

Housing 110

Housing Debt Finance New York 110

Pro Builder

SEPTEMBER 16, 2021

Thu, 09/16/2021 - 10:32. In a new survey by the National Association of Realtors (NAR), 54% of student-loan borrowers said the pandemic allowed them to get a better handle on their student debt or allowed them to pay it off earlier than planned. Student Loans Keep 29% of Americans From Becoming Homeowners, Survey Finds. cbroderick.

Debt 52

Debt Accounting Plans Management 52

Pro Builder

APRIL 5, 2023

Between July 2021 and June 2022, baby boomers made up the largest share of homebuyers for the first time since 2012, purchasing 39% of all homes sold compared with 28% of home purchases by millennials.

Housing 96

Housing Equity Debt United States 96

Construction Enquirer

JULY 31, 2023

to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts. for the year to December 31 2021 generating a pre-tax loss of £6.2m. The CVA deal was designed to distribute at least £7.2m

Cash Flow 52

Cash Flow Debt Agreement Electrical 52

Autodesk Construction Cloud

FEBRUARY 25, 2022

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . FINANCIAL RATIOS: DEBT . Debt Ratio . Debt Ratio measures the extent of a company’s leverage. It can be used to determine the proportion of a company’s assets that are financed by debt.

Safety 94

Safety Debt Liability Equity 94

Pro Builder

DECEMBER 15, 2021

Wed, 12/15/2021 - 09:52. According to Realtor.com, millennials were responsible for 67% of first-time home purchase mortgage applications and 37% of repeat-purchase applications in the first eight months of 2021. Millennial Buyers Are Flooding the Housing Market. Some distrusted homeownership as an investment.

Housing 96

Housing Milwaukee Debt Wisconsin 96

Construction Enquirer

JUNE 20, 2023

This came after a £60m injection in November 2021. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts. US-based investor Fortress led the equity investment fundraise, with existing shareholders TDR Capital and Sun Capital also subscribed.

Equity 107

Equity Debt Bidding Housing 107

Pro Builder

FEBRUARY 5, 2021

Fri, 02/05/2021 - 10:34. SmartAsset identified the salaries needed in the 15 largest metros to afford an average home payment and not exceed the recommended 36% debt-to-income ratio. The site compared median home values, property tax rates, down payment, homeowners insurance, and other debt payments to calculate these results.

San Jose 52

San Jose Metro San Antonio Los Angeles 52

Pro Builder

JANUARY 12, 2022

From 2011 to 2021, the housing market experienced some cyclical patterns as well as several record highs and record lows, many of which were exacerbated by the COVID-19 pandemic and its economic implications. In 2021, that share has grown to 82%. In 2021, 95% of buyers used the internet in their search process.

Debt 52

Debt Housing Inventory Industrial 52

Pro Builder

JANUARY 12, 2022

From 2011 to 2021, the housing market experienced some cyclical patterns as well as several record highs and record lows, many of which were exacerbated by the COVID-19 pandemic and its economic implications. In 2021, that share has grown to 82%. In 2021, 95% of buyers used the internet in their search process.

Debt 52

Debt Housing Inventory Industrial 52

Pro Builder

FEBRUARY 14, 2021

Mon, 02/15/2021 - 00:00. No debt or financial burdens, endless travel, and little limitations are the big reasons why many turn toward tiny home living, but the pandemic has put a pause on many of those benefits. Tiny Home Living is Thriving, But With Drawbacks. cbroderick.

Debt 103

Debt New York Travel Maine 103

Pro Builder

APRIL 25, 2022

in 2021, forcing buyers to pay an average $6,905 to complete home purchases, but some regions reported even higher numbers. Buyers in Washington, DC paid an average $29,888 in closing fees throughout 2021, while Delaware buyers dished out the second most, at $17,859, followed closely by New York, at $16,849.

North Dakota 52

North Dakota Wyoming Delaware DC 52

Pro Builder

JUNE 18, 2020

Better-than-expected May jobs data had mortgage rates trending upward, but rates came crashing down again after the Federal Reserve recommitted to zero interest rates through 2021 and their purchase of mortgage-backed securities. Zillow reports this reaffirmation increased demand for mortgage debt, which led to the drop in rates.

Security 52

Security Debt Resource 52

Pro Builder

SEPTEMBER 13, 2021

Mon, 09/13/2021 - 09:44. In Maryland, nearly 19% of renters are behind on payments, averaging more than $4,500 in rent debt and California’s 15% of renters behind on payments are behind nearly $5,200 on average, according to data from health and data nonprofit Surgo Ventures. Millions of Renters Left Waiting as Aid Disbursement Lags.

New York 52

New York Debt New York City Maryland 52

Pro Builder

SEPTEMBER 13, 2021

Mon, 09/13/2021 - 09:44. In Maryland, nearly 19% of renters are behind on payments, averaging more than $4,500 in rent debt and California’s 15% of renters behind on payments are behind nearly $5,200 on average, according to data from health and data nonprofit Surgo Ventures. Millions of Renters Left Waiting as Aid Dispersement Lags.

New York 52

New York Debt New York City Maryland 52

Pro Builder

JULY 29, 2022

recently introduced a bill that addresses health care and climate change and, if passed, would raise taxes on large corporations and reduce the federal debt, the National Association of Home Builders (NAHB) reports. Senate Majority Leader Chuck Schumer (D-N.Y.) Joe Manchin (D-W.V.) The bill will allocate $837 million to U.S.

NAHB 52

NAHB Debt Construction Housing 52

Pro Builder

JANUARY 21, 2022

in the fourth quarter 2021, continuing an upward trajectory that inches closer and closer to the “unaffordable” designation at 28%—which is often the tipping point for when lenders become reluctant to issue a mortgage loan. In Q3 2021, home prices were growing faster than wages in 78% of the counties surveyed. Market Data + Trends.

Housing 105

Housing Insurance Debt Income 105

Pro Builder

AUGUST 30, 2021

Mon, 08/30/2021 - 11:46. Finally, instead of announcing a timetable for cutting back on debt purchases later in autumn, the Fed could actually start the process soon after the September meeting. The Mortgage Outlook for September. Such a surprising announcement could result in an abrupt rise in mortgage rates.

Banking 98

Banking Debt Forecasting 98

Pro Builder

NOVEMBER 10, 2021

Wed, 11/10/2021 - 10:10. Investors have poured about $30 billion in debt and equity into the sector in 2021, with many billions more in future commitments, Mr. Hunter said. Single-Family Rental Homes Are Becoming Top-Performing Investments. Traditional home builders like Lennar Corp. Horton Inc.

Debt 52

Debt Phoenix Equity Housing 52

Pro Builder

JUNE 16, 2021

Wed, 06/16/2021 - 09:23. in April 2021, according to data from CoreLogic. And as more Millennials enter the typical first-time buyer age yet continue to juggle student debt and rising home prices, detached single-family homes could be the answer. Single-Family Rents Experience Highest Increases in 15 Years. cbroderick.

Debt 52

Debt 52

Pro Builder

APRIL 29, 2021

Thu, 04/29/2021 - 10:16. Benefits include enhanced tax benefits and reduced debt, according to Cohen. The Resmark Companies Wants to Buy Your Model Homes. cbroderick. And then upon the time where those models are no longer necessary for the builder, we would sell those models to the buying public.". Watch the full interview below.

Modeling 52

Modeling Debt Leases Office 52

Pro Builder

FEBRUARY 23, 2021

Tue, 02/23/2021 - 09:27. Margaret Whelan of Whelan Advisory has been advising several operators in raising this capital, and is watching the relationship between equity and debt. Investors Dedicated Billions to Built-For-Rent in 2020—Expect Even More in 2022. cbroderick. Are You Ready for Build to Rent?

Equity 97

Equity Cash Flow Debt Housing 97

Pro Builder

JULY 7, 2021

Wed, 07/07/2021 - 10:44. The pandemic and subsequent recession, along with the student debt crisis and delayed family formation, contributed to frustration and despair among younger house hunters. Buyers Want to Buy But Where Are the Starter Homes? The supply of entry-level housing is at a 50-year low.

Income 59

Income Debt Housing Deals 59

Pro Builder

MARCH 21, 2023

metros in 2021, their time is coming soon, Insider reports. Older members of the generation are more likely to have student debt than millennials did at their age, which could severely limit their housing options. And yet the road to homeownership isn't that simple for many Gen Zers.

Debt 52

Debt Housing Metro Roads 52

Construction Enquirer

AUGUST 7, 2023

This would supplement around £500m from its debt finance provider Ares Management building a £1bn takeover war chest to fund an acquisition spree. The ambitious growth target would see its corporate family of engineering and environmental services businesses double from 200 and 400. 2018: revenue doubles to £147m; pre-tax loss £9.3m

Equity 71

Equity Debt Sustainability Forecasting 71

Pro Builder

JUNE 16, 2021

Wed, 06/16/2021 - 09:20. On one end, buyers are rushing to purchase while the other half struggles with debt and may lose their homes. Housing Survived the Pandemic—Could There be Another Looming Crisis? cbroderick.

Housing 102

Housing Los Angeles New York Debt 102

Pro Builder

APRIL 2, 2021

Fri, 04/02/2021 - 09:19. Rising housing costs, a scarce supply, lack of new construction, increased debt, and stalled wage growth are just some of the burdens this age bracket faces. Housing Costs are the Top Financial Concern for Older Millennials. cbroderick.

Housing 72

Housing Income Debt Budgeting 72

Pro Builder

AUGUST 25, 2022

percent in 2021, up from 47.5 percent in 2021, up from 47.5 In addition, a large share of younger minority buyers are flooding the housing market, but most carry more student loan debt than their White counterparts and lack intergenerational wealth that could help with down payments, The Washington Post reports. percent to 43.3

Debt 52

Debt Housing Income Washington 52

Pro Builder

JANUARY 31, 2023

In addition, the average sales volume in 2021 among participating builders jumped 21.1% Among them, the average sales volume for 2021 was $94 million, with a range from $1 million to over $600 million. The next-best average net profit of 11.41 was recorded in 2020. and Canada. and direct costs 55.2% (see chart, below).

Inventory 98

Inventory Housing Profitability Cash Flow 98