There are many state-mandated provisions that need to be included in a home construction contract. These include the following provisions that you’ll want to ensure are covered: The contract ...

But once you have a contract with the seller, you are all set, right? Not necessarily. The price of homes – and construction costs – has risen rapidly. Meanwhile, supply chain issues and labor ...

One such exemption is provided for certain “home construction contracts.” Home Construction Contracts Exempted by statute from the definition of a long-term contract is a “home construction ...

However, supply chain snarls, a labor shortage and cost increases have presented builders with challenges in meeting demand for new home construction ... price of a construction contract, it ...

Taxable income from a long-term contract is determined under the percentage-of-completion method (Sec. 460(a)). However, any home-construction contract or any construction contract entered into by a ...