Builder profile: Revenue, activity on the rise
Don't feel too bad for your fellow builders.
Median revenue among builder members of the National Association of Home Builders rose to $1.8 million last year, a 65 percent increase over 2012 and the highest since the NAHB launched its annual census in 2008.
The median was about half of its current level from 2008 to 2011.
Builder members total nearly 40,000, which is about one-third of NAHB members, according to the latest census. Associate members make up the rest.
Here’s what NAHB found this year:
• Builders started an average of 43 units last year, up from 30 in 2012. The median number of units started also rose to five from four in 2012. The majority of builders — 60 percent — started between one and 10 units, while only 8 percent started 100 units or more.
• Single-family builders make up 58 percent of the builder members. That was the same percentage as 2012. But the number of single-family builders has dropped to 18,973 last year from 45,198 in 2008.
• Residential remodelers make up 24 percent, which was down from 26 percent in 2012. Commercial remodelers make up 5 percent, up from 1 percent in 2012.
• Manufacturers of modular/panelized/log homes make up less than half of 1 percent.
• More than half of builder members had four or fewer employees last year. The median was four and the average 11. Only 3 percent of builder members reported having 50 or more employees.
• The median builder is 56 years old. Only 19 percent are 45 or younger.
• The overwhelming majority — 97 percent — are white, and 93 percent are men.
Where does your company fall on the spectrum? Or where do you expect to be by the end of 2014?