Skip to main content

Private residential construction company revenues up

Mary Ellen Biery
January 31, 2013
Read Time: 0 min

Real residential fixed investment, up 15.3 percent in the fourth quarter, was a bright spot in this week’s initial report on fourth-quarter GDP, which surprised economy watchers by contracting 0.1 percent from the third quarter.

And the growth in Americans’ spending on housing was consistent with “mild but meaningful” revenue increases among privately held residential construction companies. Preliminary data from Sageworks Inc., a financial information company, indicates that private residential construction companies experienced a 3.6 percent increase in sales from December 2011 to December 2012.    

And while that growth rate puts residential construction among the slowest growing industries among private companies for the last 12 months, it is higher growth than residential construction companies saw in 2011 and 2010, according to Sageworks’ data.

 “After the massive swing from 2009 to 2010, residential construction has continued to show signs of life,” said Sageworks analyst Tim McPeak. “The 3.6 percent growth recently continues the trend of mild but meaningful sales growth in the past three years.”

See more on the Sageworks data here.

Private residential construction sales

About the Author

Mary Ellen Biery

Senior Strategist & Content Manager
Mary Ellen Biery is Senior Strategist & Content Manager at Abrigo, where she works with advisors and other experts to develop whitepapers, original research, and other resources that help financial institutions drive growth and manage risk. A former equities reporter for Dow Jones Newswires whose work has been published in

Full Bio

About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

Make Big Things Happen.

 

Looking for Banker’s Toolbox? You are in the Right Place!

Banker’s Toolbox is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to Banker’s Toolbox Community Online.

Make yourself at home!

Looking for MainStreet Technologies? You are in the Right Place!

MainStreet Technologies is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the contact us button here, or the link in the top navigation, to reach product support for your MST products.

Make yourself at home!

Looking for Sageworks? You are in the Right Place!

Sageworks is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Sageworks products.

Make yourself at home!

Looking for Farin? You are in the Right Place!

Farin is now Abrigo, giving you a single source for all your enterprise risk management needs. Use the login button here, or the link in the top navigation, to log in to your Farin client portal.

Make yourself at home!

Abrigo acquires construction loan management solutions

Coupled with our lending suite, Construct and +Pay from BankLabs enable end-to-end automated residential/commercial construction loans.

Read the press announcement

BankLabs Logo Abrigo Logo