Carl Villella

Obtaining Financing is Crucial to Maintaining Growth

Carl Villella

Credit has been tightening in our industry over the past year, making it challenging to obtain financing for new or used equipment. The collapse of Silicon Valley Bank and Signature Bank in March of 2023, followed by the failure of First Republic Bank in May, caused a seismic shift in our...

#16300 Cover image
July 2024
Issue #16300
Page 55
Geordie Secord

Design Connections: Estimating and the Cost of Quotes

Geordie Secord

One constant thorn in the side of truss fabricators is the cost of preparing quotes, often multiple times for the same job through the life of a project. I find that this is especially true for custom homes, as they often go through numerous revisions for aesthetic, budget, zoning, and other...

#16300 Cover image
July 2024
Issue #16300
Page 90
Carl Villella

The Interest Rate Watch

Carl Villella

If you are considering financing equipment at this juncture, you may be concerned about where interest rates are headed. You may be wondering if perhaps it might be better to wait until rates drop before you take that step to finance. Darrell R. Spence, an economist with 31 years of...

#16299 Cover image
June 2024
Issue #16299
Page 53
Geordie Secord

Design Connections: Profitability Metrics and Margin Dollars

Geordie Secord

In the busy world of prefabricated components, there are three conflicting metrics that owners and managers look at to determine operational performance – board feet of lumber, sales dollars, and margin dollars. I’ll start with what I believe is likely the most common but also the...

#16299 Cover image
June 2024
Issue #16299
Page 92
Carl Villella

Consider Promotions for Added Savings

Carl Villella

As you look to finance new or used equipment for your business, look beyond just the interest rate to find opportunity. Traditional banks may have their “Loan Sales,” but brokers can provide promotions offered by their numerous funding sources that far outshine what a bank can...

#16298 Cover image
May 2024
Issue #16298
Page 55
Valerie Hansen

Using AI to Find the Sweet Spot for Automation and Optimization

Valerie Hansen

Today, as an industry, we build faster, cut faster, design faster – thanks to technology and the automation it enables. The offsite construction industry is built on smarter design, more efficient fabrication. Whether in the office or on your plant floor, automation is very much a part of...

#16298 Cover image
May 2024
Issue #16298
Page 69
Lesko Financial Services Team

Economic Resilience Extends into the Second Quarter

Lesko Financial Services Team

The first quarter of 2024 ended on a positive note, which hopefully will prove to be a solid foundation for the remainder of the year. Despite lingering inflation, the U.S. economy continued to show resilience and added increasing optimism for the much-sought-after “soft...

#16298 Cover image
May 2024
Issue #16298
Page 76
Geordie Secord

Design Connections: What Will Customers Want, Need, and Pay to Have

Geordie Secord

Over the last couple of articles, I’ve spent some time discussing improvements that would improve both the energy efficiency and the ability of the truss system to withstand extreme weather conditions. If you’ve read those articles, you will know that I think it is ridiculous that we...

#16298 Cover image
May 2024
Issue #16298
Page 90
Carl Villella

Interest Rate Outlook and Planning Your Financing

Carl Villella

Taking a look at what some of the analysts are saying, it appears that the consensus is that the period of near-zero interest rates is not likely to return anytime soon. Going back to 1870, or roughly 60% of the time, the U.S. Treasury yields have been in the 3.5% to 5.5% range. Fed Chair...

#16297 Cover image
April 2024
Issue #16297
Page 59
Todd Drummond

Straight Talk About Labor Shortages and Costs

Todd Drummond

I have had the same conversations with so many executives concerning the tight labor market and rising labor costs. There is good and bad news concerning this subject. First, the good news is that you can be assured that high labor costs and a tight labor market are not only affecting your...

#16296 Cover image
March 2024
Issue #16296
Page 24
1345678910Last

Search By Keyword

Issues

Book icon Issuu Bookshelf