The year 2016 was an eventful one for home building.
Industry Data & Research
Industry data and research for professional home builders and remodelers.
Part 5 of the Financial Management series will show how a disciplined approach to financial management can save time and improve margins. What is a system? A system contains the following four items: Each of the four components can work individually; however, it takes all four working in conjunction to make a system.
Wall Street ended a sluggish quarter on March 31, 2005, the close of our trading session, sagging on stellar oil prices. Investment firm Goldman Sachs predicted a sharp jump in energy prices, and that negative outlook weighed against higher United States incomes and strong consumer spending. However, the price of crude, ending the quarter at $55.
Financial Management - Parts 1, 2, and 3 discussed the importance of setting up a solid accounting system to accurately measure what has happened in the past so better decisions can be made in the future. Previous articles in this series have also stressed the importance of long-term financial planning as well as setting business and personal goals.
Featured Major Market: Los Angeles If you don't build it, they will come anyway. If you are dealing with government agencies or citizens groups who believe that if they don't build the housing, people won't come, take them on a tour of Los Angeles. Los Angeles is the "poster child" for how a lack of adequate new housing near employment centers can affect an economy.
In Financial Management - Part 1, we discussed the importance of setting up a solid accounting system to accurately measure what has happened in the past so we can make better decisions for the future. In Financial Management - Part 2, we discussed the importance of: We also introduced Chris Smith, a 45-year old custom builder who has been in business for six years.
Recent research at the Lusk Center for Real Estate at the University of Southern California shows persistent racial gaps in U.S. home ownership rates. However, that bad news has a good side: there's an untapped market, especially in America's cities, for new housing targeted to minorities. The research also shows these prospective buyers have not only the will to purchase homes, but the money, ...
Sitting in the audience at a recent real estate forecast meeting, one of the speakers offered this insight: "The lack of prime terra firma on which to build and develop is one of the biggest problems confronting industry players." Not exactly news, is it? However, what followed the statement, which by now sounds obvious to most builders, cast a new light on the land issue.
A National Association of Realtors' (NAR) study of second home purchases recently revealed a wave of new speculators in the real estate market. With investment home sales making up 23% of the real estate market, homebuyers are turning to real estate more and more as a vehicle for financial investment to diversify their portfolios.
Financial Management - Part 1 (January 2005) discussed the importance of setting up a solid accounting system comprising four key elements: When set up correctly, these four elements ensure the information you look at on a daily, weekly, monthly, quarterly, and yearly basis is as accurate as possible.
Predicting the Future is tricky business. Last year, housing experts uniformly predicted that home building would come off its hot streak, but record results proved them wrong. Now they agree that decline will come this year. According to the NAHB, 2005 will show a modest decline in total housing starts from 1.