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Categories are broken down further by:
- Average performance
- The 25% most profitable home builders
- The 25% least profitable home builders
The data provided can help you fine-tune comparisons between study results and your company. With gross profit margins of 26.6% and net profits of 15.7%, the study indicates that small-volume builders with land costs were the most profitable survey respondents.
Recognizing that financial performance is not the only measure of a company’s success, the 2004 “Cost of Doing Business Study” also offers supplemental information on developing cost control systems and cutting cycle time. In addition, the study includes historic “Cost of Doing Business Study” data, financing information, material usage and features in new homes, new-home cost components and trade contracting trends to provide a complete picture of the state of the home building industry.
The “Cost of Doing Business Study (2004 Edition)” is available to NAHB members for $79.95 and to non-members for $249.95. To view or purchase this publication online, click here or call 800-223-2655 to order.
'Business Basics for Builders: Accounting' Available from BuilderBooks.com
"Business Basics for Builders: Accounting," available from BuilderBooks.com, presents a successful accounting system that is easy to use, efficient and effective. It contains the information you need to set up a system that is specific to the residential building industry. Learn how to communicate with your accountant, manage internal control measures and streamline complex methods for recording accounts receivable, job cost entries and inventory items.
To view or purchase this publication click here or call 800-223-2665 to order.
More Business Management Publications Available at BuilderBooks.com
BuilderBooks.com also offers a variety of other publications about business management. To view or purchase these publications, click here.
Want More Information About Effectively Managing Your Business?
NAHB’s Business Management Department offers a variety of online resources to help you run your business better and more profitably. Click Business Management Tools for articles about human resources, financial management, sales, production, technology, customer service and other business-related topics.
Subscribe to NAHB’s Business of Building e/Source
NAHB’s Business of Building e/Source is your monthly electronic guide to the hot issues and emerging trends in home building business management. You’ll find practical advice, tricks of the trade and sound business guidance — all delivered monthly, straight to your desktop, in a quick and easy-to-read format. Business of Building e/Source is available free to NAHB members and their employees. To subscribe, click here on the members only side of www.nahb.org.
University of Housing Offers Courses on Business Management
The NAHB University of Housing offers a course on business management designed to help builders improve their business and profitability. For a list of current offerings, click here. Search keywords: “Introduction to Business Management.”
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