Financials

Many remodelers use outdated and ineffective methods of forecasting business. Knowing which numbers to track is a crucial part of managing your company.

James Hardie Building Products Named to Forbes’ List of Top 100 Most Trustworthy Companies in America

The annual list developed by GMI Ratings is based on the accounting and governance behaviors of more than 8,000 publicly-traded companies in North America.

Craig Durosko, GMR, CR, CGP

In the first of a four-part series, below are seven of the 25 ways a remodeler can lose money.

2014 Market Leaders

This year’s Market Leaders are very optimistic about reaching their revenue goals in 2014. Slightly over 90 percent of the firms on this year’s Market Leaders list are projecting growth for 2014.

Professional Remodeler’s list of the leading remodelers in the top markets in the U.S.

The JCHS Leading Indicator of Remodeling Activity (LIRA) for the first quarter 2014.

The JCHS Leading Indicator of Remodeling Activity (LIRA) for the first quarter 2014.

As spending moves into the next phase, the JCHS expects to see recent double-digit growth tail off to its longer-term average in the mid-single-digit range.

Rider Levett Bucknall’s First Quarter 2014 USA Construction Cost Report.

Rider Levett Bucknall’s First Quarter 2014 USA Construction Cost Report.

Firm also reports that a lack of skilled labor over next eight years may be a concern.

Wolf's February 2014 KBI score of 70.29 reflects a significant jump from January 2014’s KBI of 64.73.

Wolf's February 2014 KBI score of 70.29 reflects a significant jump from January 2014’s KBI of 64.73.

Substantial jump points to continued optimism despite historically harsh winter.

 

Seventy five percent of large builders and remodelers reported an increase in project dollar size in 2013, roughly ten points higher than architectural firms with staff of six or more.

Firms expect revenue growth to come from both higher average revenue per project, as well as a larger number of projects.

Residential construction improvements put in place is expected to increase through 2018.

Trends worth watching in the residential markets include more scrutiny by investors looking to buy low and sell high, or rent distressed properties left over from the recession.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 0.4 percent to a seasonally adjusted annual rate of 4.60 million in February from 4.62 million in January, and 7.1 percent below the 4.95 million-unit level in February 2013.

Home improvement saw a slight decrease of 0.4 percent for the month of January.

In January, 55.6 percent of respondents indicate they believe their company will increase spending on business development activities during the next six months, an increase from 30.3 percent in December.

Double-digit gains in annual home improvement spending projected for the first half of the year should moderate some to just under 10 percent by the third quarter.

A new conference by Professional Remodeler Columnist David Lupberger will show remodelers how to monetize their client base to create value for future equity and sale.

New program by Professional Remodeler Columnist David Lupberger brings together three impendent business models to create a unique outcome.

This month, the Remodeler’s Exchange focuses on how to effectively protect your profit margin in an increasingly competitive marketplace.

Let’s start the year off with some good news. If the remodeling industry continues at the pace recorded at the end of last year, remodelers will experience a fourth consecutive year of increased spending in 2014.

How do we pass lessons learned so the next generation will respond better, quicker, and with fewer mistakes?

David Lupberger

Only 1 percent of surveyed business owners rated their successions plans as “excellent.”

This FREE webinar offers clear explanations of markups, margins and profits, along with some common pitfalls to avoid.

Craig Durosko, GMR, CR, CGP

Personal weakness could also be a weakness in your business.

Mark Richardson, CR

If you don’t know where you are heading, any road will take you there.

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