Financials

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



News
December 08, 2010

Nearly half (49 percent) of U.S. adults are at least somewhat likely to consider purchasing a foreclosed property, up from 45 percent in May 2010, according to the latest results of an ongoing survey tracking homebuyers' attitudes toward foreclosed homes by Harris Interactive on behalf on Trulia and RealtyTrac.

Features
December 06, 2010

Armed with years of management improvements and a recession-busting attitude, Professional Builder’s Builder of the Year kept its focus on a diversified and value-rich product offering to emerge as one of the best-run builders in the business.

Features
December 06, 2010

Two years ago, at the height of the global financial crisis, investor Warren Buffett pulled out this gem of a quote to describe the situation. “It’s only when the tide goes out that you learn who’s been swimming naked.” And while this is an accurate expression of what happens to weak businesses when there is a downturn in the business cycle, it seems particularly apt as a description of the builder market before and after the housing market bubble burst.

Features
December 05, 2010

Successful builders obsess on sales conversion ratios, tracking key metrics, hiring the right people, and knowing where they stand in the marketplace, writes Bob Schultz in his latest column. Schultz offers 14 ways builders can win in the sluggish economy.

Features
November 29, 2010

While home builders are less than upbeat about the health of the overall housing market, most are optimistic when it comes forecasting revenue and profit for 2011, according to a survey of Professional Builder readers. More builders than not indicated that they are planning for flat or higher revenue and profit in the coming year, with nearly a fifth of respondents projecting revenue growth of 7 percent or higher.

News
November 28, 2010

More than 7 million mortgages in the United States are either at least 30 days past due or in the process of foreclosure, according to Lender Processing Service. Although the delinquency rate essentially remained the same, foreclosures are on the rise.

Features
November 25, 2010

Implementing the principles of Lean in home building is no easy task, but the payoffs in waste reduction and cost savings can be substantial. Lean expert Scott Sedam provides a roadmap for getting started.

Features
November 25, 2010

Even in this economy, there are builders in all markets producing good numbers. Management and sales expert Bob Schultz sheds some light on their secret to success. It includes having owner buy-in and learning to sell at a high conversion rate.

News
November 19, 2010

Housing starts plunged to 519,000 in October, down from a revised 588,000 in September and well below the 600,000 that economists were expecting, according to the Commerce Dept. The rate is the lowest since April 2009, when it fell to 477,000 starts. It’s also the third lowest rate in more than 50 years.

News
November 16, 2010

Builder confidence in the market for newly built, single-family homes improved slightly in November, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released last week. The HMI rose one notch to 16 from a downwardly revised level of 15 in the previous month.

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