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Financial Study II: Operational Impact
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.
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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.
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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...
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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."
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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.
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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 .
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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.
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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. 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.
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.
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
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