Remodeling Contractors – Industry Research, Analysis, Statistics, and Forecasts
See the following sections listed below to view available resources by category:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Statistics, Trends, and Forecasts
Residential Remodeling Contractors (view report)
Commercial Remodeling Contractors (view report)
- Market size and major product and service segments
- Key industry statistics, trends, and financial ratios
- Operating conditions and current performance
- Competitive landscape and environment
- Major company profiles and market shares
- Five-year outlook and growth forecasts
Hanley Wood, LLC
Remodeling Magazine
https://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.
National Association of the Remodeling Industry
Publications available from this trade association include:
Business Pulse Survey
https://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
https://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.
Grand View Media Group
Publications available from this organization include:
Cleanfax Magazine
https://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
https://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
Resources available from this trade association include:
C&R Magazine
https://www.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
https://www.restorationindustry.org/
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.
BizMiner Market Analysis Reports
Remodeling / Fire and Water Damage Restoration Contractors
https://www.bizminer.com Search for "236118" to see available reports
Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.
Financial Statements and Financial Ratios
Remodeling / Fire and Water Damage Restoration Contractors
- Income and expenses in dollars and percentages
- Balance sheets in dollars and percentages
- Profitability and return on investment ratios
- Liquidity and working capital ratios
- Asset turnover and efficiency ratios
- Capital structure and debt service ratios
Residential and Commercial Remodeling Contractors
Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and over twenty-five industry financial ratios, with financial ratios provided for the each of the four most recent calendar years and on a historical average basis for 3-year, 5-year, and 10-year time periods. Sample spreadsheet with breakdowns by asset size can be viewed free online.
National Association of Home Builders
Remodelers' Cost of Doing Business Study
https://www.builderbooks.com/
Cost of doing business study provides financial and operating performance measures for remodelers by type of operation (e.g., all, general, design-build), with data provided in the study including cost of sales, operating expenses, owners compensation, net profit, profit margins, balance sheet data, and key financial ratios. Detailed table of contents with a list of tables and figures is available free online.
Compensation and Salary Surveys
Grand View Media Group
Restoration Benchmarking Survey
https://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, Inc.
Residential Remodeling / Fire and Water Damage Restoration
https://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.
BV Guides and Databases
BVMarketData
Private Company Sales Transaction Databases
https://www.bvresources.com/
Types of establishments included in these codes
Building Materials and Home Improvement Stores
Carpet and Upholstery Cleaning Services
Home Builders and Residential Contractors
Janitorial and Cleaning Services
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