Key Results
We expect that the larger the company, the more commercial projects it is likely to do. It makes sense that the over-$5 million–size companies would report the highest percentage (8.9%) of commercial projects. But what’s interesting is that the group with the next highest revenue, $2 million to $5 million, reports no commercial work in 2008.
This is the only group to list insurance restoration as a primary project category, with 5.6% of the group identifying insurance restoration as their primary business. This group also has the highest percentage (13.9%) of companies that identified exterior replacement as a primary business.
The $2 million-to-$5 million group spends more on sales commissions (4.5%) than any other revenue group. They also had the highest (12.4%) non-field–labor costs.
As with most groups, companies in this revenue category experienced a drop in full-time field staff. However, there was a more significant drop in the number of part-time field staff — from an average of 6.8 in 2007 to an average of 1.4 in 2009.
Most of these companies are S-corporations (53%), with almost an equal number of C-corps (17%) and limited liability corporations — LLCs — (15%).
—Nina Patel
PROJECT TYPE by revenue
Top 10 project types that generate the most revenue, with percentage that chose that project type:
Additions, other 71%
Bath remodeling 64.5%%
Whole-house remodeling 61.3%%
Kitchen remodeling 58.1%%
Additions, kitchen 48.4%%
Additions, bath 25.8%%
Other room addition 25.8%%
Window/door replacement 22.6%%
Siding replacement 16.1%%
Historic preservation 9.7%