News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
AGC of America / January 2, 2015
Construction spending edged down in November but outlays for the year remained on track for a modest increase over 2013 totals, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures come as the group’s members prepare a new push for action on a series of federal infrastructure programs, including funding for highway and transit upgrades and to maintain clean water systems across the country.
“Today’s figures continue the seesaw pattern that has characterized residential, private nonresidentialRead More
Construction Marketing Association / November 14, 2014
Construction firm owners are beginning to truly understand the benefits of using smartphone and tablet devices for work. One benefit that is often overlooked however is using mobile devices to reduce reliance on paper forms and manual processes.
The average cost of paper per employee is $80. It takes an average of 18 minutes to find a paper document, and a whopping 70 percent of businesses would fail in three weeks if they had a catastrophic loss of paper due to a fire or flood. Paper forms decrease worker productivity, increase risk/liability, and decrease operational efficiency.
Mobile businessRead More
David Crowe / Eye on Housing / December 10, 2014
An improving labor market will help support growth in home building in 2015. And the November report offered the most positive jobs data in some time. According to the Bureau of Labor Statistics,321,000 jobs (seasonally adjusted) were added to the economy in November, and the numbers for September and October were revised up by a combined 44,000. Prior to November, the average monthly gain in jobs for 2014 had been 233,000. The BLS data also indicated that the average workweek and hourly earnings improved.
Home builders and remodelers added 16,700 jobs to the economy in November, accordingRead More
Jim Cory / REMODELING / November 24, 2014
Does your 2015 marketing budget include money for referral leads? Having customers do your marketing for you via referrals can lower lead costs while raising sales conversion rates. But you won’t get recommendations simply by wishing and hoping.
Contractors need to budget for more referrals, says Brian Kaskavalciyan, president of g|Four Marketing Group, in Miami, and author of The Definitive Guide to Relationship Marketing. Kaskavalciyan says that the biggest obstacle to generating more referral leads—the hardest kind of lead to get— is the business owner’s belief that thoseRead More
Associated Builders and Contractors, Inc. / Dec 5, 2014
The U.S. construction industry added 20,000 jobs in November, with nonresidential construction contributing 4,900 of them, according to the Bureau of Labor Statistics preliminary estimate released Dec. 5. October’s overall construction estimate was revised downward from 12,000 to 7,000 net new jobs and nonresidential construction lost 2,100 jobs in October, after revisions.
“Nonresidential construction added nearly 5,000 jobs in November and the outlook remains positive,” said Associated Builders and Contractors Chief Economist Anirban Basu. “It is important to noteRead More