Operate · the United States
Underwriting: New Multifamily Housing Construction (except For-Sale Builders)
What public records can and cannot establish about running this business in the United States, dimension by dimension, with the gaps named.
—
not scored
REWORK
PROVE
OPEN
NOT SCORED. 65 of 100 rubric points are evidenced deterministically from public records; 10 have no producer. The ±3.1 interval measured elsewhere on this site is ARBITER's sampling variance and does not apply to a SQL query, which returns the same answer every time it runs.
IndustryNAICS 236116
Scopethe United States
RubricO1.0-20260804
Pricedfree — no account, no gate
94th percentile of 287 industries
Where this industry stands
| Net formation, 5yr | Percentile | Reads as | Signal strength |
|---|---|---|---|
| +4.17% | 94th of 287 | forming much faster than it is dying | ρ 0.57 across 4 backtested windows, 42.6pp decile separation |
Economic Census 2022
What it costs to produce
| Measure | Value |
|---|---|
| Margin on receipts | 18.4% |
| Computed as | value added — receipts less cost of subcontracted work |
| Industry receipts | $77.9bn |
SBA 7(a) acquisition loans · FY2010–FY2026
Can you borrow to buy one
| Measure | Value |
|---|---|
| Acquisition loans approved | 337 |
| Median loan | $144,465 |
| Mean rate | 7.73% |
| Mean term | 103 months |
| Charged off | 12.3% |
3,701 firms · Census SUSB 2022
What firms here actually earn
| Revenue band ($000) | Firms | Share | Cumulative | Labour share of revenue |
|---|---|---|---|---|
| <100 | 483 | 13.1% | 13.1% | 23.5% |
| 100-499 | 1,140 | 30.8% | 43.9% | 32.7% |
| 500-999 | 289 | 7.8% | 51.7% | 33.4% |
| 1,000-2,499 | 508 | 13.7% | 65.4% | 25.0% |
| 2,500-4,999 | 354 | 9.6% | 75.0% | 16.2% |
| 5,000-7,499 | 158 | 4.3% | 79.2% | 13.8% |
| 7,500-9,999 | 85 | 2.3% | 81.5% | 12.4% |
| 10,000-14,999 | 110 | 3.0% | 84.5% | 13.6% |
| 15,000-19,999 | 75 | 2.0% | 86.5% | 13.2% |
| 20,000-24,999 | 52 | 1.4% | 87.9% | 12.1% |
| 25,000-29,999 | 49 | 1.3% | 89.2% | 8.8% |
| 30,000-34,999 | 31 | 0.8% | 90.1% | 12.9% |
| 35,000-39,999 | 22 | 0.6% | 90.7% | 6.6% |
| 40,000-49,999 | 38 | 1.0% | 91.7% | 12.2% |
| 50,000-74,999 | 74 | 2.0% | 93.7% | 8.5% |
| 75,000-99,999 | 48 | 1.3% | 95.0% | 6.5% |
| 100,000+ | 185 | 5.0% | 100.0% | 6.0% |
SBA 7(a) · FY2010–FY2026
Can an acquisition here be financed?
| Measure | Value |
|---|---|
| SBA acquisition loans on record | 337 |
| Median loan | $144,465 |
| Typical rate | 7.73% |
| Typical term | 103 months |
| Total approved | $86,562,800 |
| Charge-off rate, seasoned cohorts | 12.3% |
| Loans that reached an outcome | 138 |
| Rank among industries | 92th of 501 |
Take this away
| Format | What it is |
|---|---|
| download the document → | One self-contained file — no stylesheet, no fonts, no scripts. Works offline, prints, and carries a content hash anyone can verify at /verify without an account. |
| JSON → | The same figures as data, with every source and gap attached. |
65 of 100 rubric points evidenced
What this report can and cannot underwrite
| Dimension | Weight | Evidence | Predicts? | Source |
|---|---|---|---|---|
| O1 · Demand density and recurrence | 25 | evidenced | predictive · ρ +0.57 | US Census County Business Patterns |
| O2 · Payment evidence | 15 | partial | not backtested | USASpending.gov — US federal government work, public domain |
| O3 · Licence gate favourability | 15 | evidenced | not backtested | CareerOneStop / ARC, U.S. Department of Labor |
| O4 · Labour availability | 15 | evidenced | not backtested | BLS Occupational Employment and Wage Statistics, May 2024 |
| O5 · Incumbent weakness | 10 | no producer | not backtested | none |
| O6 · Margin structure | 10 | partial | not backtested | US Census Economic Census 2022 |
| O7 · Ceiling | 10 | evidenced | DESCRIPTIVE ONLY · ρ +0.05 | US Census Business Dynamics Statistics — public domain |
Every licensed occupation in this industry
| Occupation | Share here | Concentration | Jurisdictions |
|---|---|---|---|
| Construction Managers | 5.91% | 23.9× | 35 of 56 |
| First-Line Supervisors of Construction Trades and Extraction Workers | 8.47% | 14.1× | 16 of 56 |
| Construction Laborers | 14.78% | 19.7× | 10 of 56 |
| Carpenters | 22.9% | 48.5× | 4 of 56 |
| General and Operations Managers | 4.64% | 1.9× | 23 of 56 |
| Project Management Specialists | 4.25% | 6.0× | 3 of 56 |
| Bookkeeping, Accounting, and Auditing Clerks | 2.65% | 2.7× | 2 of 56 |
| Office Clerks, General | 3.95% | 2.3× | 1 of 56 |
What this report cannot tell you
| Gap |
|---|
| licence titles in this scope — none matched 'Carpenters', though it is licensed in 35 jurisdictions nationally. The title differs locally, or the record is held municipally. |
| occupation mix for NAICS 236116 — the labour statistics carry no rows at this level, so everything about occupations here, including the defining occupation and its licence gate, is measured at NAICS 236100, a broader grouping. Establishment counts are for 236116 itself. |
| licence coverage — the register holds 54 of 56 US licensing jurisdictions, and 2,504 of its records carry no jurisdiction at all. A count of 35 is out of 54 searched, not out of 56. The unsearched jurisdictions are not evidence of no licence. |
| bonding_required_usd — no producer, and not estimated |