Monthly Briefing

Profits | Relationships | Knowledge

June 2024   Volume XIV, Issue 6

2023 Financial Study Results: Gross Profit Determines Success in Today's Environment

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.

Cornerstone Joins Builder Partnerships

Cornerstone Home Lending, a leading mortgage provider, is proud to announce its strategic collaboration with Shinn Builder Partnerships.

ICS Joins Builder Partnerships

Builder Partnerships is excited to announce its strategic partnership with ICS, a leading consulting firm specializing in tax strategies and inspection services for builders.

IT'S HERE! American Lighting's New Website is Live!

We are so excited to share new features and updates with you all: new look and feel, search by model number or product name, compare multiple products, and more.

New Heat Pump and Side-Discharge Inverter Systems

Goodman is transforming residential HVAC systems with the introduction of our new split system, side-discharge air conditioners and heat pumps.

Consultant's Corner

The True Essence of a Builder of Choice™

By Jim Weigel
Senior Consultant, Shinn Group

Contrary to popular belief, being a builder of choice doesn’t equate to being the largest player in the market. It means being the preferred choice within the market. A builder of choice is a home building company that buyers, trade partners, employees, capital providers, and local jurisdictions prefer above all others.

Our Partners Offer Valuable Rebates to BP Members

• We have 500+ incentives available through our rebate program 
• We can help you maximize your earnings with a program review
• View our manufacturer members and service provider members

Contact us at info@builderpartnerships.com or 303-972-7666 for more information. 

Partner Notes

The Therma-Tru Veris Collection is now part of the Builder Partnerships Therma-Tru rebate program! The Veris Collection embodies a reconnection between home and outdoors. Read more

Bradford White supports women in the skilled trades with new partnership and scholarship funding, announces $10,000 donation and two $3,500 scholarships to support Women in Plumbing and Piping. Read more

Drees Homes recognized as a US Best Managed Company for the third consecutive year. The program recognizes outstanding US private companies and the achievements of their management teams. Read more

2024 Detroit Design Awards (DDA) Readers’ Choice: A Contemporary Craftsman Wins! TK Design & Associates designed the 2024 Readers’ Choice for Best Overall Home. Read more

Are you going to the Southeast Building Conference (SEBC) in Orlando, July 24-25, 2024? Several of our partners will be there. Don't miss it! Read more

Upcoming Events

TRAINING SEMINARS AND WORKSHOPS

Negotiating to Win **A FEW SPOTS LEFT**

June 18 & 20, 2024, ONLINE

Managing for Profit

September 30-October 2, 2024, DENVER

The Superintendent's Job: Front Line Manager

October 3-5, 2024, DENVER

Production Management

November 13-15, 2024, DENVER

View All

WEBINAR WEDNESDAY

Daikin Presents: Heat Pump and Side-Discharge Inverter Systems

Miss the live event on June 5? Click here to watch the replay.

Be the Builder of Choice Podcast

Click here to check out our podcast on Spotify (or listen on your favorite platform).

View All

Popular Articles

Don’t Settle for Low Profitability, Part 1

Uncertainty is the Name of the Game

5 Steps for Using Economic Information to Guide Decisions & Actions

View All