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In 2020, there was some tightening of surety credit for certain sectors, but generally speaking, the premier contractors had no issues securing bonds and that trend is expected to continue and the surety and finance industry is forecasted to be robust for the remainder of 2021 and into 2022.
Tue, 05/26/2020 - 09:30. Pay close attention to these 6 areas of your company's finances to make sure surety bond underwriters view your business in a good light. 6 Areas of Your Business Surety Underwriters Will Analyze Carefully. Elizabeth Manning.
First-Time Buyers Are Choosing Conventional Over FHA Financing. Just 24% of first-time buyers went with an FHA loan in January while 59% of first-time buyers obtained conventional financing, reports the National Association of Realtors. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019.
An index measuring confidence among executives in the equipment leasing and financing industry inched up in December, advancing to 59.7 The December 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is published by the Equipment Leasing & Finance… in November.
2020 continued the trend of less tall buildings, with a 20% decline versus 2019, but that shouldn’t be all that surprising given the year we had last year. 2020 continued the trend of less tall buildings, with a 20% decline versus 2019, but that shouldn’t be all that surprising given the year we had last year.
Investment growth in construction equipment should “increase moderately” in 2020, according to a new report from the Equipment Leasing & Finance Foundation. Citing an increase of 4 percent in the third quarter over the same period in 2018, the Foundation says its Construction Machinery Momentum…
billion in December, according to a measure of economic activity from 25 companies in the equipment finance sector. Compared to January 2020, volume was down 12 percent. The Monthly Leasing and Finance Index uses… Overall new business volume for January was $8.1 billion, a 33 percent drop from $12.1
The June 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) jumped to 45.8, The index, from the Equipment Leasing and Finance Foundation, is a qualitative assessment of prevailing business conditions and expectations, it says. up from May’s index of 25.8. Despite the…
Wed, 03/11/2020 - 16:12. Accounting & Finance. Understanding Surety Bonds. The bond guidance & advice you need from a knowledgeable underwriter. Greg Ragsdale. Fill out the form on this page to download this white paper. . Promote to rotator No. Main Image. Sponsored by. Section In the Office. Liberty Mutual. surety bonds.
Economic trends will support equipment acquisition in 2020, according to the Equipment Leasing and Finance Association (ELFA), which announced its Top 10 Equipment Acquisition Trends for 2020. Equipment acquisition drives supply chains across all U.S. manufacturing and service sectors,” said ELFA…
Fri, 09/18/2020 - 07:41. Accounting & Finance. 5 Questions to Get the Right Tax Representation. What you need to know before hiring a firm & facing the IRS. Greg Ragsdale. My bookkeeping and tax resolution firm helps people who have problems with the Internal Revenue Service (IRS) to get fair representation and the IRS off their backs.
Financing for Affordable Housing Is Increasingly Harder to Secure . Thu, 05/28/2020 - 09:00. Developers of affordable housing are having a tougher time lining up financing. All forms of construction financing have gotten more difficult to secure, but affordable housing stands out. Peter Fabris.
Across most housing markets, loan limits for conforming loans acquired by Fannie Mae and Freddie Mac will increase from $548,250 to $647,200 in 2020, a $98,950 increase to account for changes in home prices. percent between the third quarters of 2020 and 2021, so the conforming loan limit will increase by that same percentage.
A significant move to address the lacking was made in June 2020, when the European Council and Parliament signed the EU Taxonomy Regulation, which replaced voluntary schemes with a single ESG classification system for the EU. Unfortunately, that strong reaction to this effort has not been positive.
The only other industries where professionals feel more confident about their employment prospects are in finance, wholesale, and hospitality. Even in Wales, according to the Royal Academy of Engineering , there will be need for at least 2,500 graduates by 2020 to keep up with retiring engineers. Furthermore, in the U.S.,
Mortgage Rates Return to March 2020 Levels. At the end of January, the average rate on a 30-year fixed mortgage hit a low of 2.75%—it now rests at 3.45%, the same rate as March 2020. Prices are now up over 10% from this time in 2020, according to CoreLogic, and there appears to be no letup in the gains. Financing.
Tue, 12/08/2020 - 09:27. The top three most common jobs for women to have in the construction industry are administrative positions, sales, and management, business, and finance, according to numbers from the Bureau of Labor Statistics. Still, men make up the majority of sales and management, business, and finance positions.
The Equipment Leasing & Finance Foundation's (ELFF) October 2020 Monthly Confidence Index for the Equipment Finance Industry reported confidence in the equipment finance market is 55.0, easing from the September index of 56.5 and steady with pre-Covid index levels. When asked about the outlook…
The share of first-time buyers to the total existing-home sales market declined to 29% in August 2021 from 33% in the same month in 2020. During the first eight months of 2021, the first-time buyer share averaged just 31% compared to 33% in 2020 and 32% in 2019 (pre-pandemic). in 2020 and 5.2% in 2019. .
Existing State Finance and Procurement Code Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: “(6) develop guidelines for new public school buildings to achieve the equivalent of the current version of the U.S. But no longer. Maryland House Speaker Adrienne A.
During the fourth quarter of 2020, 15% of adults were considering a move in the next 12 months, according to a NAHB survey. Between the fourth quarters of 2019 and 2020, significantly larger shares of Millennials (46% to 65%) and Gen X’ers (43% to 57%) planning to buy a home have become engaged and are actively searching for a home.
2020 Builder of the Year: True Homes—a Culture Like No Other. Wed, 12/02/2020 - 12:30. True Homes is Pro Builder 's 2020 Builder of the Year, in large part because of the home builder's purpose-driven company culture, which is yielding truly amazing results. Mike Beirne, Senior Editor. And it works.
Confidence in the equipment finance market rose for the third consecutive month to 59.9, in December, according to the Equipment Leasing & Finance Foundation. January 2020 Survey Results: According to the Monthly Confidence Index for the Equipment Finance Industry survey, 14.8… up from 56.2
Today’s Homebuyer Perception of Affordability Exceeds 2020 Levels. Between the first quarters of 2020 and 2021, the share of buyers of this generation who can afford half or more of the homes available doubled (22% to 44%), while changing little among the other generations. cbroderick. Wed, 05/05/2021 - 10:32. Read More. .
An In-Depth Analysis of 2020’s Buyers and Sellers. Fri, 12/18/2020 - 09:23. The National Association of Realtors’ annual Profile of Home Buyers and Sellers survey identified characteristics of both homebuyers and homes purchased, financing, selling experiences, and general profiles before and after COVID-19. cbroderick.
Homeownership Wealth Gains for Second Quarter of 2020. Tue, 11/03/2020 - 09:42. Based on the 2019 Survey of Consumer Finance data, homeownership accounts for 90% of total wealth among all families. cbroderick.
New business in the equipment finance sector totaled $7.4 billion in February, down 8 percent from January, but up 9 percent compared to February 2020. Cumulative new business volume is down 4 percent compared to 2020. The data are part of the Equipment Leasing and Finance Association’s (ELFA)…
Mortgage rates are at their highest levels since March 2020, and more gains could price some buyers out of the housing market altogether. Housing Policy + Finance. Housing Policy + Finance. Home Buyers Drive Up Mortgage Demand Ahead of More Expected Gains in the Spring. Wed, 01/19/2022 - 10:12.
Solar carports , virtual net-metering software, and tax-enabled financing can help apartment builders and owners meet California’s new Title 24 mandates. 1, 2020, all new residential buildings in California under three stories tall must include solar panels. Starting Jan.
Existing State Finance and Procurement Section 4-809(f) was amended adding new section (6), providing in relevant part, the Maryland Green Building Council shall: (6) Develop guidelines for new public school buildings to achieve the equivalent of the current version of. The public is being invited to comment on the proposal.
Thu, 10/01/2020 - 08:54. Accounting & Finance. What Your Surety Relationship Can Do for You. 5 ways surety can reduce risk & maximize business success. Greg Ragsdale. You know what surety is and how to establish a relationship with an agent and a carrier. Work for public entities (i.e., Promote to rotator No. Main Image. Sponsored by.
Mon, 06/01/2020 - 10:45. Accounting & Finance. How to Get a Surety Bond. 4 steps to successfully securing a surety & agent for your business. Greg Ragsdale. In the simplest terms, most surety bonds guarantee that a construction company will complete the work in the established time frame and/or will pay their subcontractors on the job.
The report also says that from 2010 to 2020, new-home construction fell 6.8 In a study earlier this year, mortgage-finance company Freddie Mac estimated that the national deficit of single-family homes stood at 3.8 million units at the end of 2020. Housing economists differ in their estimates of the supply-demand balance.
Fri, 07/17/2020 - 09:04. percent, the first time this key rate has fallen below 3 percent since the government-backed mortgage finance firm began publishing the data in 1971. Mortgage Rates Drop Under 3%, Breaking New Record. cbroderick. Homebuyers are taking advantage too.
Tue, 07/07/2020 - 09:56. He went on to organize California’s housing issues convention, assisted in writing the state’s fair housing law, consulted with the federal Housing and Home Finance Agency, and more. . Eichler Homes: Trademark in Architecture, Neighborhood Integration. cbroderick.
In 2020, 70% of issued mortgages were given to those with credit scores of at least 760. The median credit score for borrowers was 786 during the fourth quarter of 2020. Realtor.com says borrowers with credit qualifications outside of the stellar category are finding fewer lenders willing to approve their applications. Read More. .
Tue, 09/29/2020 - 11:13. Accounting & Finance. 5 Ways Contractors Can Improve Profitability. How to reduce the risk of every project. Greg Ragsdale. Your accounting team has an opportunity to make a major contribution to your firm’s bottom line. Put these best practices into use right away. Download the white paper now. Main Image.
The CARES Act included an eviction moratorium through late July 2020 that only applied to certain, federally-funded rental units. Housing Policy + Finance. Biden also called on housing agencies to extend the deadline of applications for forbearance on federally-backed mortgages until the end of September. . Read More. .
Tue, 07/28/2020 - 09:08. When unemployment spiked, the Federal Housing Finance Agency put forth measures such as yearlong mortgage forbearance and a moratorium on foreclosures for federally backed mortgages to keep citizens housed. Is a Foreclosure Crisis on the Horizon? cbroderick.
The bottom line is that the changes in softwood lumber prices that occurred between April 2020 and July 2022 have added $14,345 to the price of an average new single-family home and $5,511 to the market value of an average new multifamily home.
from 2020 to 2021. The chart below shows the volatility of materials pricing, as well as the sharp increase in 2020-2021. Throughout 2020 and 2021, pandemic shutdowns affected not only materials manufacturers, but also truck drivers, longshoremen, and other forms of material transportation. over the same time period.
By 2020, technology adoption in construction is expected to reach 70 percent, according to a 2017 report from McKinsey Global Institute. In case you haven’t heard, construction software use is on the rise. At Viewpoint, we know the construction industry. That’s because construction software is all we do — for 40 years now.
The number of Americans aged 25-34 was 12% higher in July 2020 than July 2010, according to Census estimates, rising from 41.2 Rather, the bulk of this demand is coming from simple demographics: Members of the massive Millennial generation are now entering their 30s, when folks — pandemic or not — typically buy their first home. Read More.
Mon, 12/14/2020 - 10:09. What an Increase in All-Cash Sales Says About These Markets. cbroderick. More buyers are putting in all-cash offers, especially among high-end homebuyers, says CNBC. While the rise of overall all-cash sales are not greatly higher than a year ago, some markets are experiencing more dramatic increases. Read More. .
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