2361 - Residential Building Construction
The North American Industry Classification System (NAICS) is essential for categorizing business activities across various sectors. Among these, NAICS Code 2361 stands out as a critical classification for the Residential Building Construction industry. Whether you're a contractor, supplier, or government entity, understanding this code is vital for compliance, bidding on projects, and market analysis.
What is NAICS Code 2361?
NAICS Code 2361 primarily covers establishments engaged in the construction of residential buildings. This includes:
- Single-family homes
- Multi-family apartments
- Townhouses
The scope of this industry also involves related activities such as new construction, additions, alterations, and repairs of residential structures.
Sector: Construction
NAICS 2361 falls under the broader Construction sector, which includes diverse industries related to building and infrastructure development.
Code Details: NAICS 2361 – Residential Building Construction
| Attribute | Description |
|---|---|
| NAICS Code | 2361 |
| Title | Residential Building Construction |
| Sector | Construction |
| Primary Activities | New construction, additions, alterations, & repair of residential buildings |
| Structure Types | Single-family homes, multi-family buildings, townhouses |
| Size Standard | $39.5 million (average annual receipts) for small business eligibility |
| Typical Business Types | Home builders, residential remodeling contractors, multi-family builders |
Typical Business Activities under NAICS 2361
Businesses classified under this NAICS code engage in a variety of activities, including but not limited to:
- Constructing brand-new single-family residential homes.
- Building multi-family residential dwellings like apartment complexes.
- Designing and constructing townhouses or row houses.
- Performing residential remodeling and home additions.
- Carrying out repair and renovation projects on existing residential buildings.
Small Business Size Standards
For government contracting and eligibility purposes, companies under NAICS 2361 are typically considered small businesses if their average annual receipts do not exceed $39.5 million over the last three years. This standard helps businesses qualify for certain SBA programs and contracts targeted toward small enterprises.
Examples of Businesses Under NAICS 2361
Here are examples of the businesses that fall under NAICS 2361:
- Single-Family Home Builders: Companies focused exclusively on constructing detached, standalone residential homes.
- Multi-Family Apartment Construction Firms: Builders specializing in apartment buildings or condominium complexes.
- Residential Remodeling Contractors: Businesses that offer additions, renovations, and repairs specific to residential structures.
Frequently Asked Questions (FAQs)
What does NAICS code 2361 include?
It includes establishments primarily engaged in constructing residential buildings such as single-family homes, multi-family units, and townhouses along with associated additions, alterations, and repairs.
Is NAICS 2361 only for new constructions?
No. It covers new construction, as well as additions, alterations, and repairs to existing residential buildings.
What is the size standard for a small business in this industry?
A business typically qualifies as small if it has average annual receipts of $39.5 million or less over the past three years.
Which sector does NAICS 2361 belong to?
It belongs to the Construction sector.
Can remodeling contractors be part of NAICS 2361?
Yes. Residential remodeling contractors focusing on alterations and repairs to homes are part of this classification.
Why Understanding NAICS Code 2361 Matters
Whether you're bidding on government contracts, analyzing market trends, or registering your business, knowing the ins and outs of NAICS Code 2361 helps you:
- Identify your industry niche.
- See if you qualify as a small business.
- Find appropriate contracts and government programs.
- Develop focused marketing and operational strategies.
By using this comprehensive guide to NAICS Code 2361 - Residential Building Construction, contractors, suppliers, and investors can better navigate the residential construction landscape and align their business practices with industry standards.
