New Multifamily Housing Construction (except For-Sale Builders) in Michigan
Revenue benchmarks for new multifamily housing construction (except for-sale builders) businesses operating in Michigan.
#32 of 50 states-43.1% vs national avg
Average Revenue
$2.5M
per year
Businesses
63
in Michigan
Revenue / Employee
$238K
per year
Labor Cost
30.0%
of revenue
Profit Margin
7.0%
industry average
Market Saturation
0.6
firms per 100K in MI
Total Revenue
$157.2M
all firms in MI
Total Employees
662
in MI
How Michigan Compares
National Average$4.4M
Michigan$2.5M
Difference$1.9M (-43.1%)