Two Colorado Construction Projects in Peril

A pair of Colorado construction projects hundreds of miles apart are coming under fire as is the case with many construction projects no matter the location. One is facing thousands of dollars in unpaid bills and is set for the courtroom, while the other recently had its noteholder withdraw foreclosure. According to the Longmont Times-Call , there ...
Continue reading
  434 Hits
  0 Comments
434 Hits
0 Comments

What Goes Into a Protective Subcontract?

A solid business relationship in the construction industry begins with a subcontract that establishes clear parameters between all involved parties. Before any general contractor (GC) or subcontractor (sub) moves forward with a collaborative project, each party must define their objectives and duties throughout the course of the project in addition...
Continue reading
  461 Hits
  0 Comments
461 Hits
0 Comments

Public Construction Spending Up, Private Spending Down

According to the Commerce Department, construction spending rose by 1.3%, the largest increase since last April. Following December 2018's 0.8% drop, most of the spending comes from companies investing in public projects. Looking at spending on a year-over-year basis, there was a 0.3% increase. With much of the spending in public projects, investme...
Continue reading
  421 Hits
  0 Comments
421 Hits
0 Comments

Builders Gain Hope After Housing Starts Rebound in January

Housing starts rebounded significantly in January by nearly 19%—welcome news to builders following the 12% decline at the end of 2018. According to the U.S. Housing and Urban Development and Commerce Department, builders would begin more than 1.2 million housing units in the next year if they maintained this soaring percentage. Single-family housin...
Continue reading
  667 Hits
  0 Comments
667 Hits
0 Comments

You Don’t Have to Be a Mechanic to File a Mechanic’s Lien: Understanding What Types of Services Are Lienable in Connecticut

A mechanic's lien is an extremely effective tool for getting paid on privately owned construction projects. However, not everyone who provides services in connection with such projects is entitled to file a lien. Connecticut courts are routinely asked to decide whether certain types of services are lienable, including landscaping work, snow and deb...
Continue reading
  461 Hits
  0 Comments
461 Hits
0 Comments

A Two-Way Ripple Effect: What Happens When a Sub’s Legal Woes Divert Finances

Construction projects, large and small, feature a chain of command: general contractors (GCs) at the top, followed by subcontractors (subs) and then sub-subcontractors. As delegations trickle down from the top tiers, each party may be responsible for the actions of those below them, so any problem at the lower level could potentially trickle upward...
Continue reading
  521 Hits
  0 Comments
521 Hits
0 Comments

Unpaid vs. Full Price: What’s the Difference?

Mechanic's lien law across the U.S. is a creature of statute, meaning there are specified items within each states' law (a to-do list) that must be done in order to have any chance of becoming a secured creditor on a private or public, but not federal, construction project. There are some states where a party with lien rights does everything asked ...
Continue reading
  497 Hits
  0 Comments
497 Hits
0 Comments

Residential Construction Spending Slips in 2018

Construction spending in December 2018 saw a nearly 1% dip compared to the previous month, according to a recent release from Wells Fargo. With this drop, spending in construction for all of 2018 saw its slowest growth since 2011, growing by just over 4%. The release said this slowdown comes from "sluggish new homebuilding activity," which impacted...
Continue reading
  438 Hits
  0 Comments
438 Hits
0 Comments

New Single-Family Home Sales Hit Stride in December

New single-family home sales ended 2018 with an unforeseen upswing, showing a 1.5% gain year-over-year (YOY) after November's dwindling findings. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau released its December data on March 5 due to the government shutdown earlier this year. In a report, National Association of...
Continue reading
  439 Hits
  0 Comments
439 Hits
0 Comments

Housing Starts Saw Stark Drop in December 2018

  During the month of December in 2018, housing starts fell by nearly 12% compared to last month, according to The NAHB/Wells Fargo Homebuilders' Survey. Both single- and multi-family homes saw a drop during the year end. The plunge likely came from fears around the Federal Reserve continuing to hike short-term interest rates, which they said ...
Continue reading
  444 Hits
  0 Comments
444 Hits
0 Comments

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!