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Remodeling and Restoration Contractors

SIC 1521 & 1540 | NAICS 236118 & 236220

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.


Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources


For guides to other industries, see our index of over 400 industries.




Industry Analysis, Statistics, Trends, and Forecasts


Remodeling Contractors  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast


National Association of the Remodeling Industry
Publications available from this trade association include:

Business Pulse Survey
http://www.nari.org/
Quarterly survey provides information on current business conditions for remodelers in terms of sales, number of job inquiries, request for bids, conversion of bids to jobs, and sales value of jobs sold and expectations for the quarter ahead, and also includes comments from survey participants regarding factors affecting current and future sales trends. Current and prior surveys are available free online.

NARI Member Profile Study
http://www.nari.org/
Annual study provides a detailed profile of NARI remodeler members, with information provided in the study including type of organization, ownership structure, number of years in business, number of locations, number of employees, types of work performed, types of services offered, number of projects completed, average project size, annual gross sales, and outlook for next twelve months.


First Research

Residential Construction Contractors
http://www.firstresearch.com
First Research profiles cover key aspects of an industry's size, scope, and operations, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:
  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast


Hanley Wood, LLC
Remodeling Magazine
http://www.remodeling.hw.net/

Monthly trade publication features news and information for business owners and managers, with special features including the annual "Top 550 Report" which ranks the top firms in four categories (e.g., full-service remodeler, replacement contractor, insurance restoration firm, and franchise) by annual sales and also includes information on number of jobs and average job size for each firm.


Grand View Media Group
Publications available from this organization include:

Cleanfax Magazine
http://www.cleanfax.com/
Monthly trade journal features news and information for cleaning and restoration professionals, with topics covered in the magazine including business management, field operations, marketing and advertising, and equipment and tools, and special features including summary highlights and data from the "Carpet Cleaning Benchmarking Survey" and "Restoration Benchmarking Survey" reports.

Restoration Benchmarking Survey
http://www.cleanfax.com/
Annual survey provides a statistical overview of this service sector, with topics covered in the survey including business demographics, services offered, commercial and residential mix, most profitable services, and charges per hour and unit. Survey highlights are included in Cleanfax magazine with the full report which includes summaries of participant responses available online with registration.


Restoration Industry Association
Information resources available from this trade association include:

C&R Magazine
http://restorationindustry.org/
Monthly technical journal features news and information for cleaning and damage restoration industry professionals, with topics covered in various issues of the magazine including business management, marketing insights, new products and services, technical information, new technology, environmental and health issues, legal and regulatory issues, and safety, insurance, and risk management issues.

RIA Glossary
http://restorationindustry.org/  Select "Glossary" from "Resources" dropdown menu
Comprehensive glossary of fire and water damage restoration terms developed by the RIA Restoration Council provides standard definitions for words and phrases commonly used by industry professionals in preparing job estimates, contracts, scopes of work, reports, and invoices. Complete publication is downloadable in a PDF format that also works well on hand-held devices as an easy reference tool.




Financial Benchmarking Data


Industry Financial Ratios
Remodeling Contractors / Fire and Water Damage Restoration Contractors
http://www.bizminer.com  Search for "236118"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios


RMA Annual Statement Studies
Residential Remodelers
http://www.rmahq.org/  Search "Individual NAICS Downloads" for "236118"

Annual financial statement analysis includes common-size income statements, balance sheets, and financial ratios by company size for firms that provide home improvement and residential remodeling services (e.g., additions, alterations, reconstruction, maintenance, and repair work) for single-family homes, multi-family apartment building units, and other residential properties on a contract basis.




Compensation Surveys


Grand View Media Group
Restoration Benchmarking Survey
http://www.cleanfax.com/

Annual benchmarking survey provides a statistical overview of this service sector, with compensation data provided in the survey including owner compensation and starting and average hourly wage rates for technicians by geographic region. Survey highlights are included in Cleanfax magazine with the full report which includes summaries of survey participant responses available free online with registration.


PayScale
Residential Remodeling / Fire and Water Damage Restoration
http://www.payscale.com/remodeling / restoration

Free online service provides median salary and hourly wage rates for residential remodeling and fire and water damage restoration contractors, with job positions for which salary or hourly wage data is provided including project estimator, project manager, office manager, interior designer, job foreman, crew chief, lead carpenter, general carpenter, finish carpenter, field service technician, and laborer.




Business Valuation Resources


Small Business Valuation Multiples

Home Improvement Contractors / Fire and Restoration Contractors
http://valuationresources.com/

Comprehensive reference guide provides market-based valuation multiples for small businesses that provide home improvement and remodeling services for single-family homes and multi-family housing units and fire and water damage restoration services for residential and non-residential properties.


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