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Financials

Business financials advice, reports, and trends for professional home builders and remodelers.



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Preparing for an Uncertain 2024

Here's how remodelers can prepare for unpredictable market




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What Profit Margin Should Specialty Contractors Aim For?

The problem with hoping to break even with a meager profit percentage is that it sets precedence. There’s no goal in mind, so there will be no goal to drive a team toward.

Should Remodelers Worry About a Homeowner's FICO Score?

Do FICO scores tell a homeowner's entire financial story? James Waite of Hearth weighs in on what home improvement pros should focus on when…

West Shore Home Implements $15 Minimum Wage

Home improvement juggernaut West Shore Home's new company-wide base wage doubles the legal minimum in nearly every state it operates

New Year, New PPP

Experts explain details of the second draw for the Paycheck Protection Program and answer lingering questions about taxability

Design-Motivated Kitchen Upgrades: Who's Buying?

JBREC's latest Kitchen Trends Report gives an inside look into who's most willing to replace kitchen elements for design purposes

Survey: More Than a Quarter of Homeowners Plan to Finance Remodeling Projects

Modernize survey reveals how homeowners are planning to pay for their remodeling projects 

3 Financing Myths Busted

Remodelers often shy away from offering financing right off the bat, but doing so can generate new leads.

Lumber Prices Skyrocket During Pandemic

A 70% increase to softwood lumber products prices in single-family homes is landing first on contractors and then on to homeowners 

Industry Data & Research

COVID-19 Tracker Wrap Up

Final thoughts on TFG and HIRI's weekly COVID-19 tracker and the reopening of the economy from three industry and economic experts 

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Remodeling Mastery by Mark Richardson: False Positives and the Impact of COVID-19

Mark Richardson shares insights into five false positives remodelers should have on the radar, and discusses the impact COVID-19 is having on the remodeling industry with Harvard's Kermit Baker

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