Each Monday, we'll let you know what's coming in the week ahead, including important residential and commercial report releases, as well as our feature articles.
"The Dotted Line" contract series: Negotiating a subcontract — June 7
In January, we launched our year-long series, "The Dotted Line," exploring facets of construction contracts each month. Our first installment delved into the pros and cons of guaranteed maximum price contracts, our second installment looked at construction bonding, our third installment investigated the intricacies of the design-build method, our fourth installment addressed the often overlooked general conditions of a contract, and our fifth installment looked into lump sum agreements.
On Tuesday, June 7, we will publish the sixth installment in the series and explore how contractors should negotiate a subcontract. We'll ask the experts about some of the biggest issues that emerge for the subcontractor and general contractor during this process.
CoreLogic Home Price Index — June 7
CoreLogic will release its April Home Price Index on Tuesday, June 7. Last month, CoreLogic announced home prices increased 2.1% between February and March and 6.7% between March 2015 and March 2016. That price growth was significantly higher than CoreLogic's prediction of a 0.6% rise.
Anand Nallathambi, president and CEO of CoreLogic, noted that since home prices hit their low five years ago, prices have appreciated nearly 40%, with the West seeing the strongest appreciation.
In last month's report, CoreLogic predicted home prices would increase 0.7% between March and April. Will Tuesday's report once again reveal a stronger-than-expected rise in home prices?
How contractors can cut costs feature article — June 9
The ever-rising cost of doing business is an ongoing concern for the construction industry. In a report earlier this year, Mortenson's Construction Cost Index report for six U.S. metropolitan areas forecast a 3% to 4% increase in nonresidential construction costs this year.
In our feature article on Tuesday, June 9, we'll talk with construction finance experts to determine the most common areas in a contractor's budget that can be whittled down, in addition to other cost-saving measures.
