Remove Income Remove Inventory Remove Profitability
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Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage. The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan."

Banking 52
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Homebuilders Keep a Steady Pace as the Market Cools

Pro Builder

The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S., KB Home noted that its typical buyer has a household income of $125,000, a credit score around 730, and puts $75,000 down when buying a home. Importantly, people still have their jobs and incomes, so that buyer pool still exists.

Income 105
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Unique Bookkeeper Errors Reduce Contractor Profits

Contractor Bookkeeping

The banker said his Profit & Loss, Balance Sheet did not look right to him. His banker was a blunt and told him that if he wanted to stay in the construction business he needed to have accurate Profit & Loss, Balance Sheet and Job Costing Reports. QuickBooks Job Profitability Reports. He had to rely on his gut feeling.

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Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

NAHB 98
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Service Management Construction Software | Construction Manager Software

Viewpoint Construction Technology

Spectrum’s Work Order solution—the tools you need to keep operations profitable and clients satisfied. Create or append work orders from incoming service requests. Purchasing + Inventory. Verify warranty and service coverage information. Automatically bill per contract terms. Review customer service history. HR + Payroll.

Software 130
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

A low unemployment rate (3.5%, the lowest rate since the 1960s ), strong household balance sheets, increased consumer spending on services, and still-positive corporate profits, he says, are bolstering and balancing the economy. We will see rising inventory, fewer transactions, and probably falling home prices.”. But starting at 6.5%

Housing 98
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How Just-in-Time Land Deals Help Manage Cash Flow

Pro Builder

But when it comes to land inventory strategies, most builders seem reluctant to rely on a “just-in-time” model to acquire land as needed for immediate construction. Certainly, publicly traded home builders have pivoted to land-light business models that allow them to forgo owning years’ worth of land inventory. In the Real World.