article thumbnail

Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast

Pro Builder

Lumber Prices Fell to New 2022 Low Following Goldman Sachs Housing Forecast. Lumber prices fell 4% on Tuesday after Goldman Sachs released its updated forecast for home sales in 2022. Wed, 08/31/2022 - 11:00. Lumber prices fell 4% to a new 2022 low on Tuesday as higher mortgage rates speed along a housing downturn.

article thumbnail

Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. The housing market may be headed straight for a post-pandemic downturn, but according to Jordan Rappaport, a senior economist at the Federal Reserve Bank of Kansas City, an uptick in single-family home building could soon follow. Thu, 10/06/2022 - 10:24. NAHB reports.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Cash Flow Forecasts Help Contractors

Contractor Bookkeeping

Cash flow forecasting is an incredibly valuable tool that helps you anticipate cash flow issues, plan for days when your cash flow is limited, and show the bank that you are prepared. It's a necessary process that you shouldn't ignore.

article thumbnail

A bank that doesn’t go far enough?

Construction Law

One thing that can be confidently said about the newly announced National Infrastructure Bank (NIB) is that it won’t be funding very much of the procurement of the UK’s national infrastructure. Adverse comparisons are being made with the scale of the European Investment Bank funding that has been lost post Brexit, which was some £5 Billion.

Banking 52
article thumbnail

Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023

Pro Builder

Incoming inflation data, however, could lower—or raise—these forecasts. Bond investors expect a top rate of 4.94%, but economists at Goldman Sachs expect the Fed will deliver quarter-point hikes at their next three meetings—holding top interest rates at 5.25%, the highest level since 2007, for the rest of the year.

Banking 52
article thumbnail

FMI Releases Q1-2013 Construction Outlook Report

Construction Business Owner

April 5, 2013) – FMI, a provider of management consulting and investment banking to the engineering and construction industry, released its Q1-2013 Construction Outlook today. RALEIGH, N.C.

Raleigh 190
article thumbnail

The Mortgage Outlook for September

Pro Builder

That's because, after the Federal Reserve’s July 27-28 meeting, Fed policymakers started talking about the timetable for reducing the amount of money the central bank adds to the banking system. This forecast will be wrong if the toll from COVID-19 gets a lot worse, enfeebling the economy; in that case, mortgage rates might drop.

Banking 98