Blog

As a builder, breaking ground on a new construction project can be both satisfying and nerve-wracking. From the beginning, you know you’ve done your best to plan ahead and ensure a smooth project however, in the back of your mind, you know that things can and often do go wrong. Some issues are minor and lead to headaches, but aren’t a big impact. Other issues can have a major effect on your project – and its profitability. Here are the top 5 reasons for cost overruns in construction management.

Part of the process of building a new house is acquiring the financing needed to pay for the home’s construction. When a builder acquires a new construction loan rather than passing the task to the buyer, it streamlines the process for the builder and for the buyer. Not all loans and lenders are created equal, however, so here are some things to watch out for when acquiring new construction loans.

Technology has revolutionized the way we do everything and the construction industry is no exception. We’ve identified some technology trends that are changing how builders and consumers approach construction in 2019.

Many builders are choosing spec home building over custom home building. Spec homes, short for speculative, are new construction homes that are partially or fully built before a buyer is identified and a purchase contract is in place. Spec homes are often referred to as move-in ready or homes under construction. The market conditions have dictated a need for spec homes with demand in the housing market growing but inventory remaining low. Spec homes are popular for people in a hurry to move, buyers who are tired of the resale market inventory and competition, and those who want a new construction home but not the burden of having to choose every customization. Spec home building offers many advantages to both the buyer and the builder.