With the high risk of construction loans, mitigating risk should of paramount importance for any bank. But for small banks, that may have the largest share, especially relative to their size; this could essentially mean their livelihood. Key Points and Takeaways Three key points for Construction Lenders to keep in mind: 1) Keep diversified […]
Lessons from the 50 Most Innovative Companies of 2015 It’s no secret that innovation drives growth. We can clearly see this in the phenomenal success of companies like Google, Apple, Amazon, and others, who have continually pushed the boundaries of the latest technology to produce better, faster, smarter, more enjoyable products, services, and technologies. But […]
Industry experts forecast continued growth in 2016 According to the latest preliminary numbers from the Bureau of Labor Statistics, which were released on January 8, the construction industry is continuing its trend of slowly but steadily chipping away at its high jobless rate, which has plagued the industry since the Great Recession. In December, the […]
Difficulties faced by millennials makes multi-family construction a better bet for growth. Over the past 50 years, the proportion of young adults who own their own home has fallen from about a third to about a quarter. First-time home buying in general is also down, with only 29 percent of new homes going to first-time […]
Make sure your bank is ready to manage more construction starts with ECL’s dedicated fund control software. According to Dodge Data & Analytics’2015 forecast, the total value of new construction starts for the next year could reach $612 billion. That’s a 9 percent increase over 2014, which Dodge experts estimate will finish strong with a […]
The Fed advises investors and homebuyers not to worry about small September spending decrease. According to the latest press release from the Department of Commerce’s US Census Bureau, construction spending dipped slightly from August to September 2014. However, The Federal Savings Bank does not believe that the 0.4 percent decrease from August’s spending levels is […]
Does your company have the construction management software needed to take advantage of an improving market? According to the latest survey data from the Associated General Contractors of America (AGC), most construction contractors are forecasting a bright outlook for 2014. Over 800 construction firms participated in the survey during the tail end of 2013 and […]
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