Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Business
4 Steps to Prep Your Business for Contraction
How a remodeling company plans ahead for the worst of times (and the best of times)
Leadership
Creating a Company Fire Drill: How to Prepare for the Worst
A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected
Women at WIRC
The Fundamentals of Growing Profitably
On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth
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NAHB survey: Builder confidence remains flat
Builder confidence in new single-family homes remained flat in December, according to the National Association of Homebuilders (NAHB)/Wells Fargo Housing Market Index. The index remained at 16, the same as in November.
Negative equity drops for third straight quarter
The number of residential properties with mortgages in negative equity in the U.S. dropped in the third quarter of 2010, marking the third quarter in a row the rate has decreased. CoreLogic reported that 10.8 million, or 22.5 percent, of residential properties were in negative equity at the end of the third quarter.
Increase in foreclosures expected in 2011
Foreclosures are expected to peak in 2011, but the long-term forecast is improving, according to a report by the Wall Street Journal. According to Rick Sharga of RealtyTrac, an online marketplace for foreclosed properties, the number of foreclosures in 2011 will top both 2009 and 2010, which had 900,000 and 1.2 million bank repossessions, respectively.
Bank of America restarts nearly 16,000 foreclosures
Bank of America Corp. announced that it restarted nearly 16,000 foreclosure cases last week, according to a report by the Wall Street Journal. The bank’s foreclosure attorneys prepared 7,800 new affidavits for cases in states the require court approval for foreclosures, and lifted holds on 8,000 cases in states that do not need court approval. The bank froze 102,000 foreclosure sales earlier this year.
2011 Remodeling Forecast: Three Reasons for Long-Term Optimism
Beyond the next few years, there are several reasons to be optimistic about the long-term outlook for the remodeling market, with demographics and an…
2011 Forecast: Remodeling market poised for growth
While challenges persist, remodelers are more optimistic about the 2011 remodeling market than they’ve been since the housing boom.
Project Spotlight: The Financials
“I’m not a big fan of ballparking with people,” says Mark Mackmiller. “If I estimate $80,000 to $100,000, they remember $80,000 and I remember $100,…
Take Our Monthly Remodeler Survey on Financing
Professional Remodeler wants your opinions on financing challenges facing your clients and business. This brief survey should take you only a few minutes to complete and the results will be used in a future issue of Professional Remodeler.
Housing inventory declines in November
Data from real-estate brokerage firm ZipRealty Inc. showed that the number of homes for sale declined by 3.8 percent in November in 26 major metropolitan areas, the Wall Street Journal reported. The information covers single-family homes, condos and townhouses for sale in cities where the Emeryville, Calif.-based firm operates. The inventory of homes was still 11.6 percent higher than November of last year, however.
NARI submits letter to Senate on lead rule
The National Association of the Remodeling Industry (NARI) submitted a letter to the U.S. Senate’s Committee on Small Business and Entrepreneurship, which has called a hearing on regulatory issues small business face. The letter centers on the U.S. Environmental Protection Agency’s (EPA) Lead Renovation Repair and Painting rules (LRRP).