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.
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NAHB members and staff provided a tour of several residential subdivisions in Northern Virginia to an official from the U.S. Small Business Administration’s (SBA) Office of Advocacy. The tour offered an opportunity to show the official how NAHB members comply with construction stormwater requirements and to discuss the federal construction general permit (CGP) for stormwater discharges from active residential land development and construction sites.
We spoke with three Associate members about their best tips on how to network with peers virtually throughout the year, and how to network in-person at key events such as the International Builders’ Show.
Latest Economic News
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.
Mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline.