Take Control of Your Business Accounting and Financial Management
Unless you’re a CPA or love crunching numbers, most business owners cringe when it comes time to deal with business accounting and financial management. But the accounting ledger is at the heart of a any company’s finances, and in many cases, the difference between profit and loss.
NAHB Builder Books has published the sixth edition of Accounting and Financial Management for Residential Construction. With this book, you don’t have to be a CPA to build a system that keeps your finances running in perfect order.
This valuable resource helps you to harness the fundamental principles to process your own financial data without prior accounting knowledge as a single-family or multifamily builder, remodeler, developer, or contractor.
Through straightforward and easy-to-comprehend explanations and illustrations, learn:
- General concepts and principles of financial planning and analysis
- Special tips for multiple-project builders, developers, and remodelers to benefit from the profit center concept
- How technology facilitates accounting processes
- Performance metrics to enhance understanding of critical company operations
- How to integrate job cost accounting with estimating, purchasing, and scheduling
Accounting and Financial Management for Residential Construction, Sixth Edition is available for purchase at BuilderBooks.com.
Latest from NAHBNow
The National Association of Home Builders (NAHB) released the NAHB Remodeling Market Index (RMI) for the third quarter, posting a reading of 62—up one point compared to the previous quarter.
For the first time since 2022, the share of new homes with two-story foyers increased, according to the Census Bureau's Survey of Construction (SOC). Despite the increase, the market share of two-story foyers has generally trended downward since 2017, with most new single-family homes being built without a two-story foyer both nationally and regionally.
Latest Economic News
Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month in September on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were lower by 35.4%.
Mortgage rates rose sharply in September as multiple factors applied significant upward pressure on the U.S. treasury yields. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.86% in September, up nearly 20 basis points (bps) from August.
In 2025, around a quarter of new homes were built with a two-story foyer, slightly up from 2024, according to data obtained from the Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB.