When it comes to employee productivity, Builder Magazine ranks Classic Homes 3rd in the Nation among the top 100 builders with the most productive employees.
THE BUILDER 100’S MOST PRODUCTIVE FIRMS
By: Jennifer Goodman
Some of the country’s top companies have come back strong from the downturn by keeping overhead low. Here’s how.
If the recession taught U.S. home builders anything it was how to tighten their belts and get by with fewer resources: fewer employees, less land, less capital, and fewer buyers. They survived by cutting back and figuring out how to be as efficient as possible without sacrificing customer satisfaction.
Although the housing slump has subsided, many U.S. builders are still operating in a recession-era mindset. They work smarter than before the downturn, carefully considering where every dollar goes. They know from experience that customer demand is fickle, so they’ve honed their marketing and customer service skills. And, they’re embracing technology and building science in new ways to help keep costs down.
Now that buyers are back, these lean builders—especially private firms in smaller markets—are wildly successful, with many enjoying off-the-charts growth over the past few years. Their explosive gains are the big story of this year’s Builder 100 and Next 100 lists.
Employee productivity is the key to these builders’ prosperity. While Builder 100 companies averaged just under four closings per employee, the hardest-working firms’ employees came in way over those numbers—averaging nine, 11, even 17 closings for each person employed. The vitality of this group of firms is driving the industry as it sets the pace for the American economy: Combined revenue of all top 200 builders in the country grew 30% year over year, from $86 billion in 2015 to $112 billion last year.
Who are these uber-productive builders, and what is their secret? Click here to read the full article.