Industry Insights

News update
Industry Insights

Real Estate Development – A Better Way to Build

Precision Helps Owners and Developers Build Better Projects

When starting a project there are so many unknowns. You have a plan but there are still a lot of questions left to answer. What is the best use for the site? Which construction methods make the most sense? Exactly how much is this all going to cost? How long will it be before you can break ground? And how long will construction take?

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Industry Insights

Construction Financing – Getting Rid of the Guesswork

Precision Helps Lenders and Investors Mitigate Risk and Structure Better Deals
by Karl Vaillancourt, Director of Analytics & Lender Relations at Precision Building Group

The financing of Construction & Development (“C&D”) projects is extremely risky. During the Great Recession, delinquency rates for C&D loans averaged 18% – more than 3x the typical rate for commercial mortgages during the same period1. As a result, probabilities of default and the losses resulting from those defaults were also the worst in the industry2. Add in the costs of protracted workouts and the negative impacts for lenders and investors were magnified even further.

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Industry Insights

Modular Construction – The Future is Now

How Modular Construction Reduces Costs and Environmental Impacts.

It is a sad fact that construction results in unbelievable amounts of waste. This stream of waste is not just from new construction, but also from the remodeling and repurposing of existing structures. Moreover, it is reported that the construction industry has experienced a 15% decrease in the productivity of workers in the last 50 years. Statistics like this provide an opportunity to rethink how we look at construction and the best way to accomplish the goals of (1) decreasing environmental impacts and (2) shortening project timelines while, (3) benefiting the bottom line.

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