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Financial

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


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The Five Foundational Cornerstones

Business coach Scott Beebe shares insights into the often ignored business basics that could be the difference between long-term success and failure




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Economics

House votes down payroll tax extension; no additional Fannie & Freddie fees for now

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

Technology

The Lean Builder Blog: PO vs. VPO – Another ‘voice of the process’

One of the requirements in Lean Operations is harnessing the “Voice of the Process.” Your processes can teach you so much and hence save you a lot of…

Leadership

The Lean Builder Blog: Turnkey or not?

I am frequently asked, what is the right way to buy labor and materials? Should you use turnkey suppliers and trades or should you purchase and…

Financial

Federal mortgage loan program may fall short of goal

A federal program to provide temporary loans to homeowners struggling to pay their mortgages will probably fall short of its goal.

Economics

Obama’s job-creation bill includes $15 billion for rehabilitation of vacant, foreclosed homes

President Barack Obama’s prime-time address on jobs didn’t focus much on housing, but it would create a $15 billion fund to get construction workers to rehab vacant and foreclosed homes and businesses.

Financial

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

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

Financial

Obama administration housing "stimulus" underwhelming

The New York Times today has more information on what the Obama administration is considering to stimulate the housing industry (and hence the…

Business

Mortgage rates at lowest in 50 years

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.

Financial

Standard Pacific reports Q2 results: Net new orders up, revenues down

Standard Pacific reported a net loss in the 2011 second quarter of $10.5 million on homebuilding revenues of $204.3 million compared to net income of $10.7 million on homebuilding revenues of $317.2 million in the 2010 second quarter.

Financial

New-home sales slip in June

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

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