Overview
Do your profits measure up? Although the housing collapse hit all builders hard, some are managing to earn a profit in spite of the odds. By building home equity, they have positioned their companies to prosper when more buyers return to the market. Which companies were able to eke out a profit in 2010 and why? The Cost of Doing Business Study, 2012 Edition, offers clues. Whether you are a small-volume, production, or custom builder, you can compare your performance with industry peers using the intelligence NAHB's economics and business management experts provide in this book. This analysis of financial statements from hundreds of builders nationwide shows you which ones are selling the most homes and earning the most profit. It also shows how builders are strategically cutting costs to make their numbers work now. Compare your gross margin, net profit, cost of sales, operating expenses, and financial ratios with other builders like you. Then read the suggestions from industry pros for making your numbers work, too. This book is an essential tool for home builders who want to plan for profit. The book also includes 35 proven cost-cutting tips to reduce direct construction costs.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. The Business Management and Information Technology Committee is the leading builder resource for business and construction management, finance, information technology and human resources. Its mission is to improve the skills of NAHB members, develop educational programs, prepare manuals such as the Cost of Doing Business Study, and connect members with experts in areas of accounting and financial management, business administration, sales and marketing, manufacturing and production, and business automation and technology tools. Five subcommittees are dedicated to the key areas within any home building or remodeling business: Building, Operations and Production; Financial Management; General and Administrative; Information Technology Integration and Sales & Marketing.
