With the business boom that is occuring in our local area and the desire to improve overall profit margins, the company is planning to shift its target market from residential clients to the larger commercial customers. In the original company was merged with another small scale local company, West General Contractors and the company began to bid successfully for larger scale projects. As part of its growth and altered focus, FCC is planning on changing its charter from a limited liability company to a class C corporation registered in Texas.
The National Association of Realtors reported last Tuesday that sales of previously owned homes rose 2. Compared to a year earlier, homes resales jumped 5.
In the South, existing home sales rose 2. Growth in purchases also outpaced the nation in the Midwest, rising 2. In the Northeast, sales improved 1. While sales in the West saw the smallest gain, rising just 0.
Year-over-year resales also rose across all regions. The national increase in October was solely due to a 2. All regions also saw sales improve over the year. Meanwhile, existing condominium sales were at a seasonally adjusted annual rate ofunits — unchanged from September and from a year ago.
Sales over the month were also flat across all regions. In contrast, year-over-year sales varied widely across the country. As with the nation, condominium resales were flat in the Midwest. These large declines were offset by a The inventory of existing homes available for sale rose a modest 3.
A six-month supply is typically considered a healthy balance between supply and demand. The median home price inched up 0. While the report was disappointing, new home sales represent less than ten percent of all sales and are traditionally a volatile series.
Year-over-year purchases, which are a better indicator of the general trend, improved by double-digits for the seventh straight month in October jumping Regionally, sales were down from September across most regions.
In the Midwest sales slumped Meanwhile, sales in the West leapt 8.
Sales in the Midwest rose 8. Weak sales forced the number of new homes available for sale to climb 2. At the current pace of sales, it would take 5. The outlook for the housing market in the coming months is shaky.
On the positive side, wages will inch up as the labor market nears full employment. More millennials will become homeowners as they continue to settle down and start families. However, while the gap between rising home prices and wages is narrowing, inventories will continue to shrink putting upward pressure on prices.
Compounding this issue is rising mortgage interest rates. Over the past month, mortgage rates have surged 50 basis points to a fifteen-month high of 4. In addition, the Federal Reserve appears on track to raise interest rates in December and rates are likely to continue to increase alongside inflation.Nabholz is a national commercial contractor offering a full range of construction, industrial, civil, environmental, & specialty services.
Eat the turkey and can the grease! Holiday cooking is notorious for high levels of fat, oil and grease - or FOG as we call it. While all that stuff helps make everything taste good, it can also cause problems in your pipes, like messy and costly backups.
Construction management (CM) is a professional service that uses specialized, project management techniques to oversee the planning, design, and construction of a project, from its beginning to its regardbouddhiste.com purpose of CM is to control a project's time, cost and quality—sometimes referred to as a project's "triple constraint.".
Construction Business Plan. Fosse Commercial Contractors are a construction company with plans for expansion, changing target markets from residential to commercial projects . Fosse Commercial Contractors construction business plan executive summary.
Fosse Commercial Contractors, an established general contractor, plans expansion, changing target markets from residential to commercial building projects. cost estimates, construction, repair, and alteration to clients needing large scale construction services.
The business plan is the foundation of your investor package. However, most entrepreneurs are too busy with other priorities – such as developing products, finding customers, and recruiting a team – to prepare a compelling business plan.