Built

"Ever wonder how the world gets built? It's complicated when lenders, asset & portfolio managers, real estate owners & developers, general contractors & more are all working in silos. But for the first time ever, there is one place where everyone can connect, collaborate, and streamline how business gets done in real estate. Enter Built: your cloud platform for the real estate lifecycle." We're excited to share our latest video, "Enter Built," which dives into the complex world of financing, developing, building, or owning and operating real estate assets real and how Built's platform connects and benefits the key players involved. If you're looking for ways to boosts profits, reduce risks, maintain trust with clients, and use a platform that seamlessly integrates with your existing technology, Built has the blueprint for your success. Visit getbuilt.com to learn more! #Built #CRE #RealEstate #FinTech #ConstructionTech #Innovation

Here is a shocking stat: Median income in 2004: $42,500 Median Home Price 2004: $184,000 4.3 times your income Median Income 2024: $54,000 Median Home Price 2024:$532,000 9.8 times your income❗️ That represents a 190% increase in the cost of housing compared to 29% jump in income.👀 Americans are falling behind and it’s getting worse. This path is unsustainable. It’s beyond time to get serious about #housingaffordability It needs to be part of every conversation at local boards, statewide legislation, and nationwide. We can no longer allow more rules, taxes, processes, and restrictions to be added on housing. In fact, the reverse is needed. It’s time to roll back, simplify and make housing our top priority.

While our technology can expedite project financing and improve information flow, the environment must also support increased housing construction through favorable rates and regulations. Key Stats: - Since January 2020, monthly mortgage payments on a typical U.S. home have nearly doubled, increasing by 96%. - Homeownership now costs well over the 30% of median income previously considered affordable (Marketplace). Encourage anyone running for office in your area to work towards creating a more supportive climate for building! #HousingCrisis #AffordableHousing #Built

Exciting news! Built is featured in Commercial Property Executive, where our very own Nicole Schmidt shares invaluable insights. 📈✨ Nicole discusses how Basel III Endgame will put pressure on banks to adopt more in-depth risk management systems, impacting CRE loan scrutiny and borrowers' financial profiles. 🏦 Reach out to discover how Built can help optimize processes, reduce risks, and drive growth in today's dynamic CRE market. 🏢 #RealEstate #CRE #AssetManagement #PortfolioManagement #Innovation #Compliance #Efficiency #Built

What a conundrum. - Nearly 90% of homes have mortgages with rates below 6%. - Borrowers who bought or refinanced prior to the rate hike likely have a mortgage rate ~3.5% and if they were to sell, their rate today would nearly double. - New buyers in markets like Austin, Miami, and even here in Nashville face competition from buyers in higher tax leveraged states like California, Massachusetts, New Jersey and New York due to the lack of state sales taxes.

Important survey on housing from NPR reporters, Jennifer Ludden and Marisa Peñaloza, on America's housing crisis. While there is no one-size-fits-all solution, more inventory has been proven to bring down prices in markets where significant building has taken place. Ex. Austin. We need to do a better job of streamlining the flow of money and information in construction and real estate, enabling builders to start work promptly and eliminating unnecessary delays.

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🏡 US Voters Press Congress Candidates to Fix Housing Crisis 🏢 A recent Reuters analysis highlights that from suburban New York to rural Montana, housing affordability is a critical concern for voters. Key insights include: -- Widespread Affordability Issues: Housing costs are a major economic pain point, with home prices rising about 50% and rents increasing by 35% nationally over the past five years. -- Economic Concerns: A Reuters/Ipsos poll found that the scarcity and cost of housing are among the top economic worries for voters. -- Regional Variations: Swing states like Arizona, Georgia, and Michigan have seen average rent increases of 44% between 2019 and 2024. -- Political Responses: Candidates propose various solutions, including increased funding for affordable housing, tax credits, and regulatory changes to expedite home building. At Built, we are committed to helping our partners in real estate and construction stay ahead of changes. Using advanced data insights, our platform efficiently manages projects and portfolios, enabling better decisions even in a changing environment. We help get financing into projects faster, improve the profitability of deals, and ensure strong compliance with regulatory changes. Our platform also enhances collaboration with vendors, making it easier to manage and pay them. Reach out to us today to see how we can help your business navigate these challenges and thrive in a dynamic market.

Banks are facing challenges with overexposure to commercial real estate (CRE) due to rising interest rates. But it’s not all bad news! John Ricciardi, CRE Senior Subject Matter Expert at Built, shares why this problem isn’t as dire as it seems and how banks can stay ahead. 📊 🔍 The Issue: Rising non-performing loans (NPLs) and charge-offs from CRE portfolios. 💡 The Solution: Advanced financial technology can help banks: --Set Adequate Allowances: Cover potential losses. --Use Real-Time Data: Anticipate and manage risks. --Identify Problem Loans Early: Take prompt corrective actions. With the right tools, banks can monitor loan performance in real-time, stress test their portfolios, and make data-driven decisions to mitigate risks and maintain financial stability. #Built #CommercialRealEstate #Banking #FinTech #RiskManagement #CRE

In nearly half of metro areas, individuals need to earn over $100,000 to afford a median-priced home—up from just 11% of markets in 2021. This surge in housing costs is outpacing income growth, making homeownership increasingly out of reach for many. At Built, we understand that addressing this crisis requires a significant increase in housing supply. We are committed to empowering lenders, developers, and general contractors with the technology they need to accelerate project financing, enhance efficiency, and ensure compliance. #Built #RealEstate #ConstructionTech #HousingCrisis