Housebuilding Finance in the United States: From Budgeting to Funding

This article precisely identifies housebuilding finance in the United States as a complex procedure of primary concern to those who wish to become homeowners or builders, susceptible to the state of the economy and shifts in policies. Therefore, the purpose of this research will be to provide extensive coverage of the processes involved in budgeting right through to obtaining and directing funds. This study adopts a qualitative research method to ascertain budgeting techniques, sources of finance, means of obtaining loans, financial controls during construction through literature, industry, and documents. Discussions also focus on the governmental initiatives and economic environment stressing the need for money comprehension. Issues such as budgeting down to the last detail, variety of financial sources and methods of financial management are highlighted as important aspects. Some recommendation areas are improvement of budgeting, increasing the financing options’ awareness, and the optimization of the existing times of lending to boost housebuilding finance in the USA.