flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

American's Top Remodelers 2013: Compounding Growth

Advertisement
billboard -
Financials

American's Top Remodelers 2013: Compounding Growth

Remodelers continue growth year over year.


By Tim Gregorski, Editor in Chief November 18, 2013
This article first appeared in the PR November 2013 issue of Pro Remodeler.

Earlier this year, we compiled our 2013 Market Leaders in more than 20 remodeling markets in the U.S. That list is composed specifically because the remodeling industry is generally a localized business, and it is important to know which firms complete the most jobs and earn the most revenue by market.

 

In order to gain a national perspective on the remodeling industry, Professional Remodeler publishes an annual list of America’s Top Remodelers.

 

This is the third year we’ve published America’s Top Remodelers and the list has grown from 150 firms last year to 231 this year. Of the top 50 companies, the majority represent the exterior replacement and full-service market segments. Insurance restoration, kitchen and bath, and design/build segments are also represented in the top 50. In previous years, maintenance and repair of homes drove a remodeling industry that was mired in recession. As homeowners began to reinvest in their homes in the last year, full-service and design/build firms have garnered more space at the top of our list.

Is your firm one of America's Top Remodelers? FInd out by clicking here.

 

Further evidence the remodeling market is stabilizing: 84 percent of the remodeling firms that make up the 2013 America’s Top Remodelers list expect to increase their revenue from 2012 to 2013. Of the 231 remodeling firms that generated a revenue of at least $1 million in order to be eligible for our 2013 America’s Top Remodelers list, 16 percent do not expect to exceed their 2012 revenue in 2013.

 

Also, the Harvard University Joint Center for Housing Studies (JCHS) noted this past July the housing market has strengthened over the last 18 months, which has translated into increased spending on home improvements. According to the JCHS released in October 2013, remodeling contractors have reported improving market conditions for the past four quarters; meanwhile, spending trends have continued to increase and the Leading Indicator of Remodeling Activity (LIRA) projects a continued strengthening of the market for the remainder of 2013 and into the first quarter of 2014.

By the numbers

For the first time, Professional Remodeler calculated the 2012 total remodeling revenue by firms on our America’s Top Remodelers list. The aggregate revenue from the 232 companies was $2.8 billion from 3,896,825 remodeling jobs. We also asked the companies on our list to predict their 2013 revenue, which totaled $3.2 billion—a year-over-year difference of $382 million.

 

Paul Davis Restoration leads all firms on our list with a revenue of $499,673,140. Three percent of the firms made greater than $50 million; 4 percent have revenue between $50-$25 million; 17 percent range between $25-$10 million; 16 percent between $10-$5 million; 22 percent between $5-$3 million; and the largest majority of revenue, 38 percent, fall between $3-$1 million.

 

Breaking down the type of remodeling firms, there are a total of 97 full service, 59 design/build, 44 exterior replacement, 17 insurance restoration, 14 kitchen and bath, and 2 commercial. California and Texas are the leading states where the firms are based, totaling 30 and 19, respectively.

Click here to see the 2013 America's Top Remodelers.

 

Remodelers continue growth year over year.

Tags


Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.
leaderboard2 - default

Related Stories

Preparing for an Uncertain 2024

Here's how remodelers can prepare for unpredictable market

4 Steps to Prep Your Business for Contraction

How a remodeling company plans ahead for the worst of times (and the best of times)
 

Creating a Company Fire Drill: How to Prepare for the Worst

A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected

The Fundamentals of Growing Profitably

On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth

3 Things to Add to Your Construction Contract—From a Lawyer

Did you know you can add these three elements to your contracts?

Study Finds Remodelers’ Net Profits Declined

How far did net profits decline and what's influencing the drop?

The Home Depot Bets on Pros Amid Predictions of Flat Sales Growth

For the first time since 2019, The Home Depot’s revenue fell short of Wall Street’s predictions amid a general softening in the home improvement market

Indicators of a Softening Market and How to Prepare

Market conditions could be changing, but don't panic. Richardson shares ways to stay on top of market conditions and how to prepare for any potential softening down the road.

Estimating Three Ways

Three remodelers reveal how they estimate a project

Grow Your Business Through Collaboration with Remodeling Peers

Remodeling Mastery Forums offers a unique business opportuniy for remodelers

Advertisement
boombox2 -
Advertisement
halfpage2 -
Advertisement
native1 -

More in Category




Advertisement
native2 -
Advertisement
halfpage1 -
Advertisement
leaderboard1 -