June 2024 Monthly Briefing: 2023 Financial Study Results

In this month's monthly briefing newsletter...

Emma Shinn provides an overview of the results of her 2023 Financial Study. 2023 was a year of anticipation and uncertainties, requiring a watchful eye and continued adjustments to sales, construction and operational strategies. The builders in our sample group remained vigilant, responding timely to the multiple changes occurring during the year. As a result, profitability was unchanged from 2022 to 2023, remaining at 14.6%, even though there were some interesting changes in the cost and expense categories. Builder Partnerships announces two new service providers: Cornerstone Home Lending and ICS. American Lighting shares information about their new website. Daikin / Goodman introduces their new split system, side-discharge air conditioners and heat pumps. Senior consultant, Jim Weigel, shares his thoughts on the true essence of a builder of choice.