Remodelers' Cost of Doing Business Study, 2020 Edition

Overview

The Remodelers' Cost of Doing Business Study, 2020 Edition provides benchmarks that remodelers need to compare their business to other similar remodeling firms, as well as with the entire industry. NAHB's economics and business management experts collected and analyzed financial statements for fiscal year 2018 from remodelers across the country. The study provides detailed information on important indicators, including: gross and net profit; assets and liabilities; owners' equity; and financial ratios. The study also compares remodelers' performances based on business model (general remodeler versus design-build remodeler).

Author Biography

The National Association of Home Builders is a Washington-based trade association representing more than 140,000 members involved in home building, remodeling, multifamily construction, property management, subcontracting, design, housing finance, building product manufacturing, and other aspects of residential and light commercial construction. NAHB is affiliated with 700 state and local home builders associations around the country. NAHB's builder members will construct about 80 percent of the new housing units projected for this year. NAHB Remodelers is the remodeling arm of the National Association of Home Builders, representing the more than 55,000 members who are involved in the remodeling industry.