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Financial

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


Cash Isn't Just King, It's Your Lifeline

Four experts explain how paying attention to cash flow can help keep builders from robbing Peter to pay Paul




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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.

Government

Study: Tax credits had little effect on housing markets

A new paper found that the average listing of home prices rose about $8,000 the month after the first major tax credits for the same amount went into effect, and they fell by slightly less than $9,000 two months after they expired.

Economics

How the housing market can save the U.S. economy

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.

Financial

Trumark sells 11 acres in Lake Forest

Trumark Homes has sold 11 acres of residential real estate in Lake Forest that it purchased just 20 months ago. The sale came in response to a dramatic increase in land value across coastal Southern California.

Financial

Housing starts plummet in February

Housing starts dropped 22.5% in February, falling to 479,000 from the revised January rate of 618,000, according to Calculated Risk.

Financial

Small businesses increase hiring in February

Early data from the National Federation of Independent Business show positive job growth in February — the fifth consecutive month that small firms’ hiring plans have been consistently positive. According to the new survey, plans to create jobs jumped up two points to a net 5 percent of all firms.

Financial

Foreclosures down significantly from year ago

Foreclosures rose slightly in January, but declined 17% overall compared to last year, Housing Predictor reported.

Financial

Senator concerned about new mortgage rules

New regulations currently being developed could make it more difficult for some to get home loans, according to Sen. Kay Hagan (D., N.C.).

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