So what will it mean if and when mortgage rates hit 10%? Well first of all before we get to that and how to calculate your payment,  Looking at the rate from the early 1970s, the rate is at 10%. So rates were 8-10% for a good part of 30-some-odd years until we get into […]

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As a licensed general contractor, one of the frequently encountered questions revolves around permits for deck construction or repair. The rules and requirements vary from state to state, making it crucial for homeowners and builders alike to understand the specific guidelines applicable in their jurisdiction. In this blog post, we’ll explore the nuanced world of […]

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The construction industry is fraught with risk, especially when it comes to financing projects. Financing new construction projects usually require a lot of cash upfront and also poses great risks to investors due to the long timelines of these projects, the unpredictable nature of construction costs, and other factors. That’s why most banks or other […]

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The commercial construction industry is always looking for new materials and new building techniques. There’s an article from Detroit news where mass timber, which has been used for many many years is starting to be more prevalent.  First of all, have you used this in your construction industry or if you’re a client have you […]

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Lumber prices have gone so low that some mills are starting to cut back production because it’s not really worth the investment to cut the raw materials into lumber based on the current pricing. And sometimes that curtailment as they call it is resulting in higher prices.  So according to the Wall Street Journal, some […]

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So are we headed for another big builder industry meltdown because of the crash of the real estate market? Not likely this time. Many builders and contractors have been around long enough to remember what happened in the real estate crash in late 2007-2008. So according to the Wall Street Journal, builders say they’re ready […]

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In the midst of economic uncertainties and whispers of a real estate slowdown, the question on many minds is whether we are on the brink of another significant builder industry meltdown akin to the crash of the late 2000s. However, according to insights from the Wall Street Journal, the landscape today seems different, with builders […]

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The lumber industry, known for its unpredictable fluctuations, is currently experiencing an interesting twist. Lumber prices have plummeted to such an extent that some mills are opting to curtail production, a move that is sending ripples throughout the construction supply chain. In this blog post, we’ll explore the factors contributing to this scenario, its impact […]

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The ever-evolving commercial construction industry is constantly on the lookout for innovative materials and building techniques that not only meet structural requirements but also align with environmental considerations. A recent article from Detroit News sheds light on the growing prevalence of Mass Timber, a construction process that utilizes laminated lumber for significant structural components in […]

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OSHA is a federal agency responsible for setting and monitoring safety standards for the construction industry. OSHA standards are guidelines that dictate what measures must be taken to ensure worker safety in any given job site. Construction sites with more than 10 workers must abide by OSHA standards, which means that general contractors and subcontractors […]

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