While builders in the United States have seen record increases in revenue and net profit with homeowners seeking to improve their living environments because of the COVID-19 pandemic, 2022 predictions for the residential home building industry aren’t quite as positive. These findings were unveiled in the recent 2021 State of Residential Construction Industry report, which is sponsored by the Association of Professional Builders. More than 1,000 builders globally participated in the survey to provide deeper insights into the residential construction industry. Data from the report revealed that 2020 was a bumper year with 46.5% of respondents globally signing more contracts than in … Read more
Report Provides Inside Look at Pandemic-Era Mentality of Small Builders
Filed under: Economic NewsTagged with: 2021 State of Residential Construction Industry report, Association of Professional Builders, construction survey, COVID-19