Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Remodeling Spending To Tick Up Through Mid-2025
The Leading Indicator of Remodeling Activity report says things will trend up after a modest downturn
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6 Strategies to Optimize Gross Profit
Thoroughly estimating and tracking gross profits is the life blood of a business, and one remodeler shares the approach that works well for his firm
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Selling Your Company to Your Team
From company valuation to terms of the transfer, here’s a look at how three different remodelers made the deal work
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What's Beyond the Hammer?
Working with Brian Gottlieb on the book Beyond the Hammer provided a masterclass on how to build an aligned team
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2011 Forecast: Remodeling market poised for growth
While challenges persist, remodelers are more optimistic about the 2011 remodeling market than they’ve been since the housing boom.
Project Spotlight: The Financials
“I’m not a big fan of ballparking with people,” says Mark Mackmiller. “If I estimate $80,000 to $100,000, they remember $80,000 and I remember $100,…
Take Our Monthly Remodeler Survey on Financing
Professional Remodeler wants your opinions on financing challenges facing your clients and business. This brief survey should take you only a few minutes to complete and the results will be used in a future issue of Professional Remodeler.
Housing inventory declines in November
Data from real-estate brokerage firm ZipRealty Inc. showed that the number of homes for sale declined by 3.8 percent in November in 26 major metropolitan areas, the Wall Street Journal reported. The information covers single-family homes, condos and townhouses for sale in cities where the Emeryville, Calif.-based firm operates. The inventory of homes was still 11.6 percent higher than November of last year, however.
NARI submits letter to Senate on lead rule
The National Association of the Remodeling Industry (NARI) submitted a letter to the U.S. Senate’s Committee on Small Business and Entrepreneurship, which has called a hearing on regulatory issues small business face. The letter centers on the U.S. Environmental Protection Agency’s (EPA) Lead Renovation Repair and Painting rules (LRRP).
NAR: Pending home sales rise in October, Midwest has largest gains
The Pending Home Sales Index rose to 89.3 in October, a 10.4 percent gain over the previous month, according to the National Association of Realtors. The index, which is based on contracts during October, remained 20.5 percent lower than in October 2009, when the deadline for the homebuyers tax credit caused a surge.
Consumer confidence rises, but housing market remains flat
Consumer confidence in the U.S. increased in November, rising to its highest level in five months. The Conference Board’s sentiment index rose to 54.1, exceeding estimates by a Bloomberg survey of economists that it would increase to 53. Meanwhile, the Institute for Supply Management’s business gauge rose to it highest since April, indicating that business activity also is increasing.
S&P Case-Shiller report: Rate of home price decline may be accelerating
The S&P/Case-Shiller home-price indexes showed that home prices went down between August and September, and that third quarter prices also were down, according to a report by the Wall Street Journal. The indexes also indicated that the rate of decline may be accelerating.
New single-family home sales down in October
The U.S. Census Bureau and Department of Housing and Urban Development reported today that new single-family home sales October were down 8.1 percent, to a seasonally-adjusted rate of 283,000, from the previous month. This rate was 28.5 percent lower than October 2009, which boasted 396,000 sales.
Existing home sales down in October
Existing home sales went down 2.2 percent in October, dropping to a seasonally adjusted rate of 4.43 million, according to the National Association of Realtors (NAR). Sales went down 25.9 percent compared to October 2009, when home sales were high due to the approaching deadline for the first-time buyer tax credit. Each of the four NAR regions reported drops in existing home sales.