Back in 2022-2023, rising hard construction costs killed many deals. 2024 saw hard costs come down and construction deals increased. In 2025, like it or not, we are in a new cycle. Sweeping Fed policies, political turmoil, increased stock market volatility and yes, tariffs. Jim Tobin of the National Association of Homebuilders said of the current landscape, this is “The political moment turning into a policy moment”. Read more
March 25, 2025
Greg Norris
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Interest rates are likely staying higher for longer Even though almost everyone believes the Federal Reserve’s decisions directly impact long term interest rates, it’s not true.Read more
February 13, 2025
Greg Norris
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I recently read this, and it really resonated: “Success is never owned. It is rented. And rent is due every day.” Read more
January 6, 2025
Greg Norris
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One of the questions we are asked most often “How long does it take for my draw to fund?” By the time QuickDraw receives a draw request, it was hot two weeks ago. General Contractors, Subcontractors and Suppliers rely on receiving payment in a timely manner, and they absolutely should as they have earned that money. How do we help them? Read more
November 25, 2024
Greg Norris
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Why do institutional banks, private lenders, grant administrators, investors and owners engage QuickDraw’s services? Read more
October 10, 2024
Greg Norris
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What everyone who has never built a project does not understand is that your destiny is in the hands of so many others. From Cities, Counties, Fire Departments, Neighborhood Councils, Water Districts, School Districts, Planning Departments, Subcontractors and the like all affect the cost and time it takes to approve and build a project. Read more
September 4, 2024
Greg Norris
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In Part 1, we exposed the shocking escalations in construction costs that developers are grappling with. Now in Part 2, we explore the declining sales, local factors, and how pivoting business models may be the key to making it through this crunch. Read more
April 26, 2024
Greg Norris
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In this two-part interview series, we go behind the scenes with a seasoned developer of single-family tract homes in Southern California. Despite facing intense headwinds, their ability to quickly adapt has been vital for survival. Part 1 dives into the harsh realities of rising construction costs across all major trades. Read more
March 29, 2024
Greg Norris
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At Quick Draw Fund Control, we like to keep tabs on the trends that are affecting builders in the markets we serve. Some of the biggest news in 2022 has been the increase in mortgage interest rates. The average 30-year fixed mortgage rate is up by more than two percentage points since the beginning of the year, a fact that is seriously undercutting the purchasing power of homebuyers across the country. After spiking to well over 6% in June, rates have again shifted upward. According to data from S&P Global, the average interest rate for a 30-year fixed mortgage in October 2022 is 7.16% to 7.26%.Read more
September 12, 2022
Greg Norris
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Construction funds control is a process wherein a third-party firm manages when and how funds are disbursed to contractors, subcontractors and suppliers on a construction project. It involves processing project-related invoices and lien releases, coordinating site inspections, providing progress reporting to all parties, and arranging for fund disbursements. At Quick Draw Fund Control, we take pride in our role as a trusted partner who helps monitor construction projects from inception to completion, ensuring that budget and funding line up with contracts and fulfillment schedules.Read more
June 1, 2022
Greg Norris
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If you’re working on a project that is using construction loan funds control, you may be wondering, What exactly is it? Simply stated, construction funds control is a process wherein a third-party firm (like QuickDraw) manages when and how funds are disbursed to contractors, subcontractors and suppliers on a construction project.Read more
May 30, 2022
Greg Norris
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Looking back on 2021, many economists predicted a slow economic recovery and a potential housing crash. But not only did the housing market continue to boom, but the stock market also had a banner year, with the S&P 500 increasing by nearly 27 percent. Thanks to government assistance, many businesses were able to survive, while others actually thrived in the pandemic-spawned consumer market. Ongoing social distancing measures kept many workers and students at home, and combined with historically low interest rates, demand for housing skyrocketed. Read more
May 12, 2022
Greg Norris
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Quick Draw Fund Control is well-known for delivering comprehensive fund control services to construction projects in key markets across the U.S., and it keeps a close watch on trends that affect its partners in each one of those markets. Read more
April 8, 2022
Greg Norris
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We at Quick Draw Fund Control are always excited to learn about new technologies in the construction industry. With fuel prices at all-time highs, this sure looks like a smart and green solution! Read more
March 25, 2022
Greg Norris
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Quick Draw Fund Control wants you to know that fund control isn’t all numbers and deadlines. Sometimes, it means being on-site at the swankiest addresses in the nation’s most vibrant cities — like when QuickDraw performed inspection and fund control services at this luxury estate in the West Hollywood hills. Read more
March 9, 2022
Greg Norris
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According to the Lodging Econometrics Hotel Construction Pipeline Trend Report, Los Angeles began 2022 with a total of 120 projects and 19,815 rooms in the construction pipeline. That makes Los Angeles the most prolific spot in the country for new hotel construction, ahead of the Atlanta market, with 133 hotels and 17,593 rooms, and the New York City market, with 121 hotels and 19,303 rooms.Read more
February 28, 2022
Greg Norris
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Stalled construction projects littered the landscape in 2020, but 2021 saw new momentum as commercial and multifamily construction starts roared back to life. According to Dodge Construction Network, the value of commercial and multifamily construction starts increased 18% from 2020 to 2021 in the nation’s top 20 metropolitan areas. Of the top 10 metros, only Washington, DC, and Los Angeles, California, posted a decline. Read more
February 17, 2022
Greg Norris
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