12 May

Construction Costs

Directs Per Square Foot?
Whether putting together a pro forma for a proposed project or evaluating actual costs, it is very common that the direct construction costs are discussed on a “per square foot” basis.  What can be tricky

25 February

Project Revenue

How Do You Estimate Lot Premiums?
In a housing pro forma, the majority of revenue is typically in the category referred to as “base prices”.  However, some sites may have significant “lot premiums” that can either increase your profits

19 November

Marketing Terms

What is Absorption?
As noted before, our industry tends to have some terms that may seem to be a bit nebulous and one of those might be “absorption”.  Maybe also referred to as absorption rate, this is essentially the

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