Financial

A compilation of Custom Builder's financial articles, surveys, ideas, trends, and tips for residential builders, remodelers, and architects serving the residential construction industry.



Taylor Junctioin by the Jacobs Companies

A rendering of the Taylor Junction townhome project that will be built by Jacob Companies, Deerfield, Ill.

News

The Taylor Junction townhome project to be built by the Jacobs Companies, Deerfield, Ill., could be the first ground-up subdivision in Illinois to be crowdfunded.

Sabal Financial Group

News

Financial services firm Sabal Financial Group, L.P., announced the launch of a builder lender program in an effort to offer non-recourse construction and acquisition and development (A&D) loans to established home builders in California.

14 ways to maximize profits

14 ways to maximize profits

Features

To be more profitable, custom builders must focus on efficiency and cost savings, while looking for opportunities to publicize their work and expertise.

FHFA, Real Estate-Owned Initiative, REO, Fannie Mae, Freddie Mac, foreclosures

FHFA begins first transactions of REO rental program

News

The Federal Housing Finance Agency (FHFA) has begun the first pilot transaction of its program to turn foreclosed Fannie Mae and Freddie Mac homes into rental properties, according to HousingWire.

Cleveland, demolition, settlement, lawsuits, vacant houses

Cleveland mortgage settlement money going toward demolition of vacant houses

News

A large portion of a multibillion-dollar settlement between the state of Ohio and several large mortgage lenders will go toward demolition of foreclosed, dilapidated houses in the Cleveland area instead of struggling families as intended.

student debt, housing recovery, rising, Bloomberg

Rising student debt hampers housing growth

News

A new report from Bloomberg indicates that first-time homebuyers are having difficulty securing loans thanks to student loan debt totals nearing $1 trillion.

Morgan Stanley, REO rental, job creation, construction, real estate

Morgan Stanley says REO rental program could create nearly 2 million jobs

News

New research from Morgan Stanley suggests the federal government’s program to turn foreclosed properties into rental opportunities could have a significant positive impact on job creation.

credit score, credit report, rental payments, FICO, CoreLogic, Experian

CoreLogic, FICO add rental payments into credit scores, reports

News

Credit reporting companies CoreLogic and FICO have begun including rental payments as a factor in determining an individual’s credit score, according to a New York Times report.

News

U.S. House votes not to extend payroll tax cut for two months; want full year instead

foreclosures, delinquent mortgages, housing market, home-builders

Accelerate the foreclosure process to save the housing market, experts say

News

If the Obama administration really wants to save the housing market, it should speed up the foreclosure process – not prolong the inevitable.

home prices, housing market, mortgage rates

Mortgages rates at lowest in 50 years

News

Mortgage rates reached record lows last week, following the Federal Reserve’s recent policy statement and continued concerns over the European debt market. Rates on the 30-year, fixed-rate mortgage were at their lowest in 50 years, averaging 4.15 percent.

home sales, housing market, real estate market

New-home sales slip in June

News

Sales of new homes fell 1 percent in June, slipping for the second month in a row.

housing market, housing crisis, home building, homebuilding

Just as the U.S. housing market was the main culprit of the economic downturn, it is key to the recovery.

News

Just as the U.S. housing market was the main culprit of the economic downturn, it is key to the recovery, writes Money Morning contributing editor Shah Gilani. Gilani presents a compelling plan to fix the housing market.

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FALL 2021

This Month in Custom Builder

Products

The French luxury switches brand Meljac has developed a new solid brass collection in collaboration with Australian designer Marc Newson.

Features

The HS300 whole-house HEPA filtration unit is designed to be installed directly onto the return air plenum of forced air heating/cooling systems.

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