REMODELING Announces Its 2018 Remodeling 550
Nation’s biggest full-service remodelers and replacement contractors did great in 2017 and should grow markedly again this year
WASHINGTON (DATE)—REMODELING, the premier publication serving professional remodelers and home improvement contractors nationwide, has released its annual REMODELING 550, listing the nation’s biggest full-service remodelers and replacement contractor / home improvement companies as well as significant insurance restoration firms and franchisors.
“You can tell from the 2017 reports and 2018 forecasts that today’s biggest remodeling companies are busier—and likely more successful—than ever before,” said Craig Webb, REMODELING’s editor-in-chief.
“The top 300 full-service remodelers on our list earned 8% more in revenue in 2017 than they did in 2016, and they expect to increase another 12% this year,” Webb said. “Meanwhile, the list’s top 150 replacement contractor firms (generally, companies that specialize in home improvement work like roofing, siding, gutters, windows, and foundations) earned a whopping 41% more last year, and they predict 17% more growth in 2018.”
Those 2018 growth rates top that for all remodelers, based on data from Metrostudy, a sister company to REMODELING. Metrostudy’s latest Residential Remodeling Index of economic conditions that promote remodeling suggests there’ll be a 5% rise in remodeling work this year.
The top 300 full-service firms and 150 biggest replacement contractors on this year’s REMODELING 550 collectively did nearly 635,000 remodeling projects worth $5.54 billion. Metrostudy’s reports indicate that this works out to about 5.3% of all big-ticket remodeling projects (i.e. jobs worth $1,000 and above) and 3% of all spending.
All 550 firms can be found online at http://www.remodeling.hw.net. There you can sort and filter the data, which includes information on the company’s location, 2017 revenues, number of projects, and average job size.
The website also includes numerous charts and profiles that illuminate details regarding the group. For instance, REMODELING 550 members report improvements in the types of benefits they’re providing workers, from health insurance to paternity leave.
The bulk of the information in the REMODELING 550 comes from the companies themselves based on their responses to an online survey. Additional information came via email, phone calls, and public sources.
REMODELING, published by Hanley Wood, is the leading publication in the home improvement industry. REMODELING has been and continues to be the indispensable tool that remodelers cannot do without—delivering the business know-how, product and technical information that home improvement pros need to help make smart decisions that will shape their project success.