Dive Brief:
- Several metrics point to a strengthening of residential construction companies' financial fundamentals over the last year, according to finance data company Sageworks.
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Residential construction companies' sales have increased 14% over the last 12 months, mirroring the growth seen in 2012.
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Meanwhile, net profit margins have also increased -- from 3.6% margins in 2012 to 7.4% in 2013. Margins were around zero from 2008-2011.
Sageworks
Dive Insight:
The data is another sign that the sector is starting to thrive again after the housing market collapse in 2007.
“The improvements in the industry may not be staggering, but they are certainly positive,” said Sageworks analyst Libby Bierman.
