Financials

Many remodelers use outdated and ineffective methods of forecasting business.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

Slight decrease signals traditional slowdown into winter.

Remodelers continue growth year over year.

This new index replaces the Improving Markets Index and will shift the focus from identifying markets that have recently begun to recover to those that are now approaching and exceeding their former normal levels of economic progress.

“In the near term, homeowner spending on improvements is expected to see its strongest growth since the height of the housing boom,” said Kermit Baker, director of the Remodeling Futures Program at the Joint Center.

While the LIRA continues to project annual improvement spending increasing at a double-digit pace in the near term, a slowdown of this growth can be expected by the middle of 2014.

What is the key to managing a successful budget?

“In the near term, homeowner spending on improvements is expected to see its strongest growth since the height of the housing boom,” says Kermit Baker, director of the Remodeling Futures Program at the Joint Center.

Professional Remodeler is looking for firms that thrived in 2013.

 

Financing has changed so much over the last few years. The more information you can offer your client about financing, even while a project may be still in design, the more successful you will be seeing the project though to completion.

RMI future market results are promising. Not only do remodelers have projects booked for the next few months, but they also have more work coming in the door.

Our PRIME advisory panel includes some of the remodeling industry’s top professionals. This month we asked, “If you had only three metrics to manage your company, what would they be and why?”

Professional Remodeler’s annual Market Leaders list, which identifies the top remodelers in the nation’s major markets. Many remodelers reported a better 2012 than 2011, as well as further positive sales trends for the first half of 2013.

Lending practices still affecting the size of projects, delaying others, but financing is better than it was two years ago.

This month we asked, “Is the market in 2013 meeting your expectations and projections?”

The Echo Boomers are predicted to outnumber Baby Boomers by more than 12 million as they enter their peak remodeling years over the next decade.

Of the $1.83 billion in federal recovery aid for New Jersey, half will be spent to assist homeowners and business owners whose properties were damaged during Hurricane Sandy.

Robust spending on home improvement in the second half of 2012 suggests the remodeling recovery is already underway, and annual homeowner improvement spending should see accelerating double-digit growth through the third quarter of 2013, according to the Leading Indicator of Remodeling Activity (LIRA).

17 industry leaders share their secrets on the challenges and opportunities they expect to face in 2013. Also, they reveal how they are positioning their business for growth.

Continued decline in KBI score reflects seasonal slowdown, with a leftover Sandy effect.

Remodelers remain hopeful for 2013, still await big recovery.

The National Association of the Remodeling Industry’s (NARI) third-quarter Remodeling Business Pulse data of current and future remodeling business conditions is positive overall with mixed sentiment about the future. New weather-related developments are assumed to impact the remodeling industry on the East Coast next quarter as homeowners start to rebuild.

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