In the October issue, we announce the winners of this year’s National Housing Quality Awards: gold award recipients DSLD Homes and EYA, and silver award winner French Brothers.
Business financials advice, reports, and trends for professional home builders and remodelers.
In some markets, banks are becoming more aggressive with construction loans and are even financing land development.
Net profit averages
To maintain current profitability, builders must work on their cost of sales and especially direct construction costs to improve gross profits.
Century Communities, Greenwood Village, Colo., becomes the seventh home builder to go public since January 2013 with its common stock listing on the NYSE.
The New Home Company renewed its bid to go public by filing an S-1 registration statement with the Securities and Exchange Commission. A company manager confirmed that the builder is in the SEC’s mandated quiet period.
Builders would benefit more from proactively shepherding customers from contract to closing than they would from merely focusing on gaining more sales.
Asset Protection and Risk Mitigation plans help builders prepare for the worst, so the worst doesn't happen to you.
Woodside Homes took its “act private, look public” mantra to the next level by closing a bond offering that netted more capital for the Salt Lake City, Utah-based company than did recent IPOs for some home builders.
Respect your back-office help or you could be overwhelmed with trying to be efficient.
Don Dykstra, president of Bloomfield Homes (Southlake, Texas), says a recent deal with Sumitomo Forestry provides the builder with confidence to increase leverage.
Builders need to prepare and face a challenge that they haven’t seen in many years—rising material and labor costs and shortages. Passing the costs along by simply raising prices won’t be enough to solve the problem.