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Seventy percent of general contractors and subcontractors consistently face late payments, costing the construction industry nearly 300 billion dollars last year. In today’s economy, GCs and subcontractors are already working on incredibly thin margins. Without cash coming in when planned, there is a ripple effect to their business, from a delay in purchasing materials to […]

Late Monday afternoon, a judge dealt a blow to New York City Mayor Zohran Mamdani’s plan to charge a so-called pied-à-terre tax on vacant second homes owned by wealthy non-residents. Wayne Ozzi, a Staten Island judge, issued an emergency pause on implementing the tax. Ozzi sided with homeowners who sued the city Friday. They did

In the last six years, the typical American home started requiring a much higher salary. Today, according to the Housing Studies’ 2026 State of the Nation’s Housing report, a household needs an income of more than $120,000 to afford the payment on a median-priced home. In 2020, that number was just $66,000. So in only