October 2009
You are browsing the archive for October 2009.
Market Trends: October 2009
According to the Census Bureau and the National Association of Home Builders, housing starts bottomed out in January 2009 when there were 31,900 (non-annualized, unadjusted) starts. Last month (September 2009), starts came in at 52,700. On a month-to-month basis since January they’ve held steady or risen. The overall market has improved this year. But not [...]
Managing Draws
The Draw Process in Honest Project In the Honest Project system, invoices are entered, linked to budget items and then included in a draw. Once subcontractors and vendors are paid (and lien waivers are collected), the draw can be submitted. Once submitted, a draw request notification is sent to the Owner who then has an [...]
TRCC Has Left the Building
The Texas Residential Construction Commission (TRCC) was formed in 2003 with a noble purpose – to improve the quality of construction in Texas by registering builders and assisting consumers with dispute filing and resolution. The intent was to create more stringent standards for builders, and create a framework to reduce litigation. Unfortunately, as with many [...]