article thumbnail

Housing slowdown forces Travis Perkins profit warning

Construction Enquirer

The slowdown in the housing market has forced a profit warning at Travis Perkins. “Volumes in both the new build housing and private domestic RMI markets continue to be impacted by higher interest rates and weaker consumer confidence driven by persistent, higher than anticipated consumer price inflation.

article thumbnail

The Problem With High-Profit Jobs In The Construction Industry

Contractor Bookkeeping

The most common situation is when a residential remodel contractor with a reputation and a substantial company generating 15% or more profits decides to start building custom homes. Or the opposite, a home builder who decides to branch out into residential remodeling.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Practical Tips For Encouraging Repeat High-Profit Clients

Contractor Bookkeeping

Among the stats Hubspot lists are: that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are nine times more likely to convert than first-time visitors, and a 2% increase in customer retention has a similar impact to your bottom line as reducing costs by 10%.

article thumbnail

Apply NOW for the National Housing Quality Award!

Pro Builder

Apply NOW for the National Housing Quality Award! Applying for the housing industry’s top business award will help your company improve profitability, achieve better customer satisfaction, and sell more homes. . Applications for the National Housing Quality Awards are now OPEN. National Housing Quality Award.

Housing 98
article thumbnail

Mortgage Banks Reported Negative Profits for the First Time Ever in 2022

Pro Builder

The stellar profits of the previous two years dissipated because of the confluence of declining volume, lower revenues, and higher costs per loan." The 2022 deficit represents a 113% decrease from the previous year's average income of $2,339 per mortgage.

Banking 52
article thumbnail

Persimmon invests in modular house builder TopHat

Construction Enquirer

Modular house builder TopHat has raised £70m from new and existing shareholders as it prepares to open Europe’s largest modular housing factory to manufacture up to 4,000 ultra low-carbon homes a year. House builder Persimmon and institutional investor Aviva have each made a substantial investment in volumetric modular house builder.

Housing 102
article thumbnail

Profits soar at Caddick Group in “rude health”

Construction Enquirer

Caddick Group saw profits jump by more than 40% as it posted latest results for the year ending August 2022. Across the group – which includes Moda Living, Caddick Developments and Caddick Construction – pre-tax profits hit £58m from a turnover up 28% to £492m.