Welcome to the second in my series of blog posts on the Business of Building. We started Part 1 with a quiz. I asked what the average Net Profit for a Builder is in a normal market. The correct answer was C. 3.7% to 8.7%. That was based on the…
For the 80 percent of home buyers who need a mortgage to buy a home, the two major factors that determine affordability are mortgage interest rates and house prices. It appears that many buyers have been waiting for home prices to fall further while hoping that mortgage interest rates will…
Welcome to the first in my series of blog posts on the Business of Building. Let’s start with a quiz. In a normal market, what is the average Net Profit for a Builder? Is it 21% to 30% 17.3% to 20.9% 3.7% to 8.7% -5% to 0% It has…
