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Financials

Business financials advice, reports, and trends for professional home builders and remodelers.



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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.




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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

Survey: More Than a Quarter of Homeowners Plan to Finance Remodeling Projects

Modernize survey reveals how homeowners are planning to pay for their remodeling projects 

3 Financing Myths Busted

Remodelers often shy away from offering financing right off the bat, but doing so can generate new leads.

Lumber Prices Skyrocket During Pandemic

A 70% increase to softwood lumber products prices in single-family homes is landing first on contractors and then on to homeowners 

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