Qualified Remodeler Magazine

OCT 2015

Qualified Remodeler helps independent remodeling firms to survive, become more professional and more profitable by providing must-have business information, namely best business practices, new product information and timely design ideas.

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• Ocean View House in Bethany Beach, Del., by Scott Edmonston of SEA Studio Architects • Ben's Barn in Kennebunk, Maine, by Josh Brockman of Caleb Johnson Architects and Builders • Winnetka Residence in Winnetka, Ill., by Geno Benvenuti of Benvenuti and Stein • Newton Custom Home in Newton, Mass., by Richard Levey of RBL Architects • Private Residence in Green Hills in Nashville, Tenn., by Van Pond of Van Pond Architect, PLLC • People's Choice winner: Newhouse in Bethany, Del., by Bruce Mears of Bruce Mears Designer/Builder For more information, visit marvin.com. Remodelers experience an upturn in growth as bigger projects rebound The NARI Remodeling Business Pulse (RBP) data of current and future remod- eling business conditions found a sharp upturn in remodelers' ratings for current business conditions. On a 1–9 scale, the average rating was a 6.48 (above 5 indicates growth), a statisti- cally signifcant upturn versus the 6.11 re- corded in March. A portion of that growth came from remodelers reporting the highest current business rating of "9: Much better than last year." About 1 in 6 remod- elers gave top end ratings, while less than 1 in 100 gave the lowest rating of "1: Much worse than last year." Only 14 percent of remodelers reported any level of decline while 69 percent reported growth. The subcomponents of the current con- ditions show all with gains versus the prior quarter. One of the changes was statisti- cally signifcant, "Value of jobs sold." This measure hit an all-time high in the June study, a sign that bigger dollar projects are becoming more common. • Number of inquiries was at 6.31, up 2.9 percent • Requests for bids came in at 6.30, up 1.3 percent • Conversion of bids to jobs was 5.81, up 0.9 percent • Value of jobs was 6.43, a 4.7 percent growth Altogether, this data points to a strong environment for remodeling projects. DATA POINTS Five cities that spent the most on home improvement projects 1 OAKLAND, CALIF., AVERAGE OF $5,514 2 PITTSBURGH, AVERAGE OF $5,497 3 NEW YORK, AVERAGE OF $5,472 4 LOS ANGELES, AVERAGE OF $5,354 5 BOSTON, AVERAGE OF $5,299 Source: HomeAdvisor True Cost Guide CORRECTIONS September 2015 In the September issue, the sidebar on p. 61, "Looking Through the Glass," included an error in credit. All quotes and information within the sidebar were provided by Keith Juhola, vice president of sales and market- ing for ODL. We apologize for the error. August 2015 In the August issue, the article "Complete Plan" on pp. 20-22 neglected to include the photo credit. Please credit all photos to Greg Hadley. 10 October 2015 QR QualifiedRemodeler.com IN BRIEF For more info circle 53

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