Welcome to the second in my series of blog posts on the Business of Building. We started Part 1 with a quiz. I asked what the average Net Profit for a Builder is in a normal market. The correct answer was C. 3.7% to 8.7%. That was based on the National Association of Home Builders 2004 Cost of Doing Business Study. Here is today?s quiz.
In 2008, what was the average Net Profit for a Builder? Was it
A. 11.0% to 20.0%
B. 14.4% to 15.1%
C. 0.0% to 4.4%
D. -3.7% to -1.4%