September 2013             Volume VIII, Issue 9

Financial Study II: Operational Impact
Emma Shinn
By Emma Shinn, MBA, CPA

  

Part II of our report on the 20th Annual Financial Analysis and Operational Study addresses the operational issues that have affected home builders. The first part of the study, featuring an overview and economic impact, can be read on the Builder Partnerships' website here.

 

We began tracking operational issues on this survey in 1998, and the mix of the builders participating in the study held steady until it changed slightly in 2007. We had a greater proportion of smaller builders than in the past, and this has held true since then. In 2007 the decrease in average revenues and average number of units sold was caused, in part, by a larger number of small builders participating in the study as well as by the general decline in the industry. In 2008 the mix did not change. Therefore, in our opinion, the decrease in the average revenues and units sold for the group was caused solely by the decline in the industry. In the 2009 study, we see an increase in the average revenues and average number of units sold, which was mostly caused, in our opinion, to a change in the mix of participants trending more to larger builders.

  

 

Read more... 


To order the complete Financial and Operational Study, download the form on the Builder Partnerships website here.

Professional Builder Features HHHunt 

BP Member wins Builder Partnerships Achievement Award for third year in a row

 

In the September issue of Professional Builder, editor Mike Beirne provides a lengthy feature on Blacksburg, Va.-based HHHunt, which earned the Builder Partnerships Achievement Award in customer satisfaction for the third year. 

 

For builders looking to improve their customer satisfaction, the article offers many tips from HHHunt on techniques as well as insight from Charlie Scott, principal at Woodland, O'Brien & Scott and a columnist for PB. 

 

 

   

Thermatru logo
Product News

Home Buyers Want Quality Entry Doors

By Therma-Tru

 

According to the 2012 National Association of Home Builders (NAHB) "What Home Buyers Really Want" study, new and potential home buyers focus in on quality and appearance when looking at the exterior doors of a home. And, the focus on quality increases steadily as the age of the person gets older, jumping in importance from 43 percent of respondents in the Gen Y age range to 63 percent of respondents in the Seniors age range.

 

Overall, 54 percent of all respondents selected the trait of "quality" as the most important focus for an exterior door while 34 percent selected the "appearance" of the door as being important. These two traits surpassed "upgrade price," "brand name," "warranty" and "features" by survey respondents as being most important.   

 

Read more...


Baessler Homes Donates to 

Homes for Hope

 

Baessler Homes donated more than $100,000 to Homes for Hope, a charity that provides microloans to impoverished people around the globe. The Greeley, Colo.-based Baessler Homes is a second-generation home builder devoted to improving the community and its neighbors-neighbors who extend to well beyond their immediate surroundings.

 

With the help of trade partners, Baessler built and sold a home in Millikin, Colo., and the profits from that, $123,777.97, will help provide microloans to more than 5000 people. "Since the loans are repaid and given to other people," says President Jaime Baessler, "the impact of these loans and the impact of Homes for Hope is really endless." 

 


2014 BPAA Logo

2014 Customer Satisfaction Achievement Award Open for Entries
 

 

 

 

The 4th annual Builder Partnerships Achievement Award in customer satisfaction is now accepting entries. Get third-party validation for your customer service and receive recognition for your excellence.

  

DEADLINE FOR ENTRY is November 1, 2013.

 

Builder Partnerships will award the Customer Satisfaction Achievement Award in 2014 to recognize builders who deliver the highest levels of customer satisfaction. This award does more than offer recognition to quality builders; it provides builders with an economical and reliable third-party verification of customer satisfaction, something every builder can use.

 

Every builder is eligible for this program regardless of size or location, which differentiates it from other customer satisfaction services.

Builders can earn one of two designations:

  • Highest Distinction in Customer Satisfaction: 93% of homebuyers are willing to refer the company to friends and family
  • Distinction in Customer Satisfaction: 88% of homebuyers are willing to refer the company to friends and family

There are no rankings. Builders either achieve customer satisfaction or they don't, and their comparison to other builders is only against the measurement.

 

Entry fee is $99.  

 

For more information and to submit your application, click here.

 
New BP Logo
 
 
 
 
September Partner Notes

BP Manufacturers Well Represented on Professional Builder 101 Best Products

 

Builder Partnerships manufacturer partners are well represented on the list of 101 Best New Products announced by Professional Builder magazine. 

 

Therma-Tru -- Pulse Entry Door

Kwikset -- Montara Handleset

Danze -- Florin Five-Function Showerhead

Gerber -- Viper Compact Elongated High-Efficiency Toilet

Sherwin-Williams -- Dry Erase Coating

NuTone -- Cityscape Collection

Formica -- Laminate Patterns

Aquatic -- DriftBath

PPG Industries -- Clarvista-Coated Glass

Fypon -- PVC Trellis System

TimberTech -- Earthwood Evolutions Terrain Collection

Dow Building Solutions -- Hy-pe-rtube Floor Heating

Noritz -- NRC83 Tankless Water Heater

Broan -- LoProfile Fan


To learn more about the 101 Best New Products, click here .

 

----------------------------------------------

Amaar Introduces Trento Collection

 

 

Amaar introduces a new garage door with no tracks, no springs and no rails. Crafted in Italy by Silvelox, the new system uses marine-grade plywood in two sections that overlap and opening using a double-counterweight system. The opener is integrated into the garage door. 

 



To learn more, click here .

 

---------------------------------------------- 

 

Read More...


 
In This Issue
Financial Study II: Operational Impact
PB Features HHHunt, BPAA winner
Therma-Tru: Home Buyers Want Quality Entry Doors
Baessler Homes Donates to Homes for Hope
2014 BPAA Customer Satisfaction
September Partner Notes
Upcoming Events

Find us on Facebook

View our profile on LinkedIn 

Follow us on Twitter  

 

Join Our Mailing List

 

It Is Easy Ad
  



Live Events

 

The Executive Summit

 

November 6-8, 2013

The Broadmoor

Colorado Spring, Colo.

 

This seminar is designed to help yo stay on the cutting edge of industry issues. It is an intensive, interactive experience with an emphasis on economics, management, marketing, production and current issues.

 

Click here for more details

 

Managing for Profit

 

December 4-6, 2013

Embassy Suites--DTC

Centennial, Colo.

  

Managing for Profit is an intesive seminar designed by Charles C. Shinn, Jr., PhD, to show you the road map to improved profitability.

  

Click here for more details

 

9th Annual Builder Partnerships Reception at IBS 

  

February 3, 2014 
5:30 - 7:00 pm

 

Embassy Suites Convention Center
Las Vegas

  

Plan ahead and come early to IBS to catch up with old friends and network with new ones. Space is limited so please RSVP as soon as possible to reserve your spot.

  

For more information, click here.


Webinars  

  

Build a Better Website: Selling Homes in 2014 through the Internet

 

Fri., Oct 25 at 11 am ET
 

Internet marketing is challenging. Join us as Brad Bombardiere explains the latest changes in internet marketing and how they can impact your business and the building industry overall.


To register, click here.

 

Building Material Cost Increases and Labor Shortages 

  

Friday, Nov. 1 at 11am ET

 

Are you dealing with cost increases and labor shortages? If so, you are not alone. Join us for this webinar, as Charles C. Shinn, Jr., PhD explores what other builders are experiencing and how they adjust their business to minimize the impacts.

 

To Register, click here 

 

20th Annual Financial and Operations Study


Thurs., Nov. 21 at 11am ET

 

Being able to measure and demonstrate results is crucial to finding financing and keeping your business on course.


Join us as Charles C. Shinn, Jr., PhD and Emma S. Shinn, author of Accounting & Financial Management for Residential Construction, discuss the results of the 20th Annual Financial and Operations study which measures the performance of several leading home builders across the country.
 

To Register, click here 

Builder Partnerships manages highly competitive rebate and incentive programs and works to strengthen relationships between builders, manufacturers and other service providers in the home building industry. Currently, we have more than 500 builders, more than 75 manufacturers and several service providers associated with our program. 

For more information, visit www.builderpartnerships.com

The Shinn Group has more than 500 builder clients located across the U.S. and Canada, including top performers among regional homebuilders. We offer sound management and financial principles and practices to home builders across the U.S. and Canada.

For more information, visit www.theshinngroup.com