Financials
Financials
Business financials advice, reports, and trends for professional home builders and remodelers.
Study Finds Remodelers’ Net Profits Declined
How far did net profits decline and what's influencing the drop?
Market Conditions
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
· Remodeling Mastery
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
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Business
Grow Your Business Through Collaboration with Remodeling Peers
Remodeling Mastery Forums offers a unique business opportuniy for remodelers
Why We Hired an In-House Estimator
Bringing an estimator into your remodeling company creates sweeping benefits.
5 Tips on Setting up a Collection System
Construction lawyer Thomas Croessmann walks contractors through 5 tips on setting up a system for collecting payments from clients.
Remodeling Market Predictions: 2022
A Pro Remodeler Thought Leader reveals what he sees happening in 2022
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