Publisher's Synopsis
Like most U.S. businesses, many builders shut down operations for some time in 2020, reinvented processes to ensure safety, provided health training to workers, limited visits to model homes, and adapted to remote work for office staff. Builders in 2020 also had to quickly learn how to navigate the uncertainties of supply-chain disruptions that skyrocketed pricing and decreased the availability of building materials. As if these issues were not challenging enough, the industry's chronic labor shortage worsened as fear of the virus spread among workers and subcontractors. Whether you build two homes or 2,000 homes a year, The Cost of Doing Business Study, 2022 Edition provides statistics and analysis so you can see how you compare to other builders. This one-of-a-kind resource discusses financial performance according to builder type and size, as well as industry-wide averages using these key indicators including gross margins, net profit, cost of sales, operating expenses, and financial ratios. Results from this survey provide single-family builders with current information to benchmark their employees' level of compensation and benefits.
