Construction ·NAICS 23611

NAICS 23611 · IRS SOI (C corp) · Census CBP 2023

Residential Building Construction - Industry Benchmarks

$71,083/yr average annual pay, with 10,264 SBA loans on record for NAICS 23611.

3.4%
Construction sector margin
905K
Workers employed
$71,083/yr
Avg payroll / employee
$2.5B
SBA lending, FY20–26

Data updated August 2026

The verdict · NAICS 23611

California leads Residential Building Construction activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Construction sector runs a 3.4% net margin.

3.4%
Construction sector margin (IRS SOI)
905K
Workers employed (Census CBP)
$71,083/yr
Avg payroll / employee
$2.5B
SBA lending, FY20–26

Use Residential Building Construction's NAICS benchmark as a comparison point, not a forecast for one business.

Residential Building Construction is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.

Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023

Benchmarking Insights for Residential Building Construction

Residential Building Construction sits inside Construction, a sector that runs a 3.4% net margin overall.

212,178 establishments employ 905,357 workers (4.3/location) at $71,083/yr average annual pay. California leads employment, followed by Florida and Texas.

Residential Building Construction sits in the 94th percentile for employment among 5-digit NAICS industries with reported data.

Employment

905,357

Total employees (Census CBP)

Avg Payroll / Employee

$71,083/yr

Annual compensation

Establishments

212,178

Business locations

Release-over-release change

What changed from Census CBP 2022 to 2023

Employment increased by 22,838; establishment count increased by 2,722. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.

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Workforce scale

Financial Detail

Annual Payroll (Total)
$64.4B
Avg Employees per Establishment
4.3

Sub-Industries

Industry Profit Margin
New Housing For-Sale Builders

NAICS 236117

 N/A
New Multifamily Housing Construction (except For-Sale Builders)

NAICS 236116

 N/A
New Single-Family Housing Construction (except For-Sale Builders)

NAICS 236115

 N/A
Residential Remodelers

NAICS 236118

 N/A

Top States by Employment

State Employment
California 125,779
Florida 70,824
Texas 67,347
New York 61,685
Washington 37,622
North Carolina 34,562
Pennsylvania 33,050
Virginia 26,597
New Jersey 24,036
Arizona 23,468

Showing top 10 of 51 states

SBA Lending Activity

SBA FY2020–2026

SBA Loans Approved

10,264

Total Loan Volume

$2.5B

Avg Loan Size

$242K

Jobs Supported

54,993

Program Breakdown

7(a) 9,874 (96%)
504 390 (4%)

Top SBA Lender

The Huntington National Bank

1,216 loans in this industry

New Business Share

23.1% of borrowers were new/startup businesses

Annual Lending Trend (7 yrs)

2020
1,024
2021
1,035
2022
1,312
2023
1,703
2024
2,252
2025
2,615
2026
323

View SBA lending rankings →

Frequently Asked Questions

How profitable is Residential Building Construction?
IRS SOI doesn't publish margin data at the NAICS 23611 level. California leads this industry nationally. The broader Construction sector runs a 3.4% net margin (IRS SOI 2013 C corp).
How many businesses are in Residential Building Construction?
212,178 business establishments. Together they employ 905,357 workers.
What is the average payroll per employee in Residential Building Construction?
$71,083/yr average annual pay per employee. Businesses average 4.3 employees per establishment.
Which states have the most Residential Building Construction employment?
California leads with 125,779 workers. Florida (70,824) and Texas (67,347) round out the top three.
How much SBA lending does Residential Building Construction receive?
Residential Building Construction businesses received 10,264 SBA loans totaling $2.5 billion between FY2020 and FY2026. The average loan size was $242K. These loans supported 54,993 jobs at origination. Most lending (96%) came through the SBA 7(a) program.

Nationwide industries with similar benchmark drivers

Two IRS/Census peer sets for Residential Building Construction, both at NAICS level 5 and excluding this code so the neighborhoods are not self-links.

According to Census County Business Patterns 2023, Residential Building Construction ranks #33 of 551 U.S. industries at the 5-digit NAICS level by total employment.

Read with this industry: Industry employment trends · Construction · Rankings

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.

Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023

NAICS 23611 · CBP 2023 · IRS SOI

According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.

Read our methodology - how this data is sourced, computed, and verified.

Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023

Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.

Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.