News

The Time Is Now

2007-11-21T17:51:00.000-08:00

To be a leader in a particular area in life you must be committed and be proactive to reach your goals. There is an ancient Chinese proverb that says that the best time to plant a tree was 25 years ago and the second best time is now!

According to the Freep report, it could be another 6 to 12 months before Michigan building activities sees an increase in revenues. If you look back 10 years ago, investments in "Emerging Markets/Foreign Mutual Funds" (foreign market funds) did not perform as well as other Domestic Mutual Funds. In the past two years many "Emerging Markets/Foreign Mutual Funds" have done rather well. Like the stock market Michigan's construction industry has it's share of ups and downs.

It is more important than ever to plant your seed to help secure your future to become a licensed builder. The best time to further your career is now! Be prepared for future trends. Let Onlinebuildersexam.com help you build your dream.

Did you know: When working with concrete that the surface water on it is called "Sheen"?

Retail Boom & Feast or Famine

2007-08-30T17:43:00.000-07:00

Did you know?

Retail Boom

Believe it or not, retail projects in the Metro Detroit area are booming. For example, a 155 million dollar mall is being built in Clinton Township. Which is a small portion of the 1 billion dollar in retail projects under construction in the area. What does this mean? It means that consumers in Michigan have money to spend! Yes, retailers expect marginal profits in the next couple of years, but they expect growth each year. Experts say that business will continue to improve and that the Michigan economy will improve by the end of the decade.

Did You Know?

Feast or Famine

As a general rule when the economy is in a down turn (famine) new home construction may slow while existing home remodeling projects rise (feast). The bottom line is that a license builder has ample opportunities to make a living in a strong economy as well as in a weak economy.

Did You Know?

That in Michigan a builder is required to notify the Bureau of Commercial Services for any change of address.

Recent News!

2007-06-04T16:51:00.000-07:00

Onlinebuildersexam.com Recent News (Updated 06/04/07)

Did you know? According to a recent Detroit Free Press article by John Gallagher, the Detroit Market is keeping some home builders and real-estate agents in business. Existing home sales were up 6% in Detroit last year compared to a drop of 14% for all of Michigan. New residential construction in the city is at its highest point in more than 30 years. New permits for single family construction are more than 10 times higher than a decade ago. Detroit recently issued 739 permits for new single-family houses, multifamily, and townhouses the most of any community in the region. Some reasons for this trend may be the desire for urban living coupled with reasonable property prices. Builders say that their typical customers are empty nesters and young professionals who want to live, shop, and be entertained in a pedestrian friendly area. There are also tax abatements and other subsidies that support development in the city which make them more affordable. Over 80% of Enterprise zone tax abatements in Michigan are located in the City of Detroit.

Did you know? According to a recent Detroit News article foreclosure rates for Michigan and Metro Detroit declined from March to April, indicated that the number of borrowers in danger of losing their homes may have hit the bottom in this state and region. The April rate for Michigan dropped 20.1 %, to one foreclosure filing for every 614 households, ranking 10th in the Nation, according to RealityTrac, an industry research firm.

Did you know? A person working on 1 undertaking or project on 1 or more contracts, the aggregate contract price for which labor, material, and any other item is $600 or more is required to obtain a Michigan Residential Builders License by written examination.