More than a quarter of builders, designers and architects responding to Professional Builder’s 2016 Market Forecast survey graded last year as “mediocre” or “poor,” an improvement from more than a third that rated 2014 as a bad year for their companies. About 46 percent of builders said they sold more houses in 2015 versus 2014, and 40 percent indicated they sold “about the same.” Less than 14 percent closed on fewer homes than they did in 2014 compared with 22.2 percent from the previous year’s poll.
Construction Sector Reports
Annual revenue compared with 2014 increased for 51 percent of survey respondents, and more than 60 percent anticipate their sales dollars will grow in 2016. Most survey participants also see the industry continuing to benefit from the upside of the cycle as 66 percent expect next year will be “good” or “very good” for their operations.
For more survey results about 2016 expectations, see the accompanying charts.