Financials

Business financials advice, reports, and trends for professional home builders and remodelers.



News
January 31, 2011

The Obama administration will most likely miss a deadline for its anticipated report regarding the future of Fannie Mae and Freddie Mac, according to The Wall Street Journal.

Builders need to carefully assess the risk of completing and selling unfinished
Features
January 23, 2011

With the right price and the right location, the numbers on any unfinished house or neighborhood can look like a great deal. But the key to making money on partially completed projects is thorough due diligence and an incredibly clear understanding of the liability issues. Here's what you need to know before taking on unfinished projects.

Measurement techniques for Lean building

Measurement techniques for Lean building

Features
January 20, 2011

Lean implementation requires a new mindset when it comes to measurement of the design and building process. What builders measure, and how, can make all the difference in finding and improving efficiencies in the home building process, writes Scott Sedam of TrueNorth Development. Sedam offers 10 guidelines for the measurement of Lean operations.

Fannie Mae tests foreclosure-prevention plan in Florida

Fannie Mae tests foreclosure-prevention plan in Florida

News
January 17, 2011

Fannie Mae has started testing a foreclosure-prevention program in Florida that is designed to bring banks and troubled borrowers together earlier. The idea behind the program is to get banks and borrowers to negotiate mortgage modifications and other alternatives before foreclosure becomes the only option. The program gets borrowers meeting with the banks four months after falling behind on late payments.

NAHB: Housing starts to climb 21 percent in 2011

NAHB: Housing starts to climb 21 percent in 2011

News
January 17, 2011

NAHB Chief Economist David Crowe is forecasting 575,000 single-family home starts in 2011, a 21 percent bump over an estimated 475,000 units started in 2010, according to his annual state of the market report at the International Builders’ Show in Orlando last week. Crowe and other economists at the show agreed that the housing market will see steady improvements in activity this year, followed by considerable gains in 2012.

News
January 07, 2011

After rising to their highest levels since May, mortgage rates dropped slightly to open the new year, according to Freddie Mac.

News
January 07, 2011

The housing market in Manhattan has slipped slightly, after both the pace of sales and median home prices fell, according to The Wall Street Journal.

News
January 01, 2011

For the second straight year, real estate stocks ended the year with gains twice as high as the general stock market, The Wall Street Journal reported. According to Dow Jones, REITs were up 27 percent as of Dec. 28. And while that figure is down slightly from last year’s gains of 28.5 percent, it more than doubled the Dow Jones Industrial Average.

Features
January 01, 2011

This past September, we wrote extensively about the state of builder and buyer financing, which no doubt is one of the most-difficult challenges home builders face today. For weeks after the issue had hit our readers’ desks, I received nearly a dozen letters from builders stating how our special report was spot-on, and that they feel “stuck” without support from their traditional banking partnerships — stuck with land that cannot feasibly be developed, stuck with homes that are partially completed, and stuck with buyers that cannot quality for a mortgage under the new rules of lending.

Features
January 01, 2011

When this magazine was launched as Practical Builder in the spring of 1936, the outlook for Americans and the rest of the world was far bleaker than what we face today. Back then we were in the throes of an extended economic downturn that would only subside after World War II ended nine years later. Since that time — 1945 to the present — housing and the American Dream have been inextricably linked. This magazine and the generations of editors and publishers that helped guide it no doubt played a role in disseminating the kind of quality information that the industry came to rely on as it grew and prospered.

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