We think plumbing is more than “essential service.” Plumbing pros within construction services provide a critical service.
Plumbing Industry Construction Services Outlook
For a while, new construction was so lucrative everyone that could got into the business. Whole subdivisions were developed using the “cheap and fast” model. Then, the fly-by-night building companies vanished.
That led to HVAC and plumbing professionals focusing on construction services damage control in some areas of the country. Repairs and emergency services will always be a significant source of revenue for our plumbing industry friends.
A new day is dawning because the internet brings knowledge to information-starved property owners. Focus is shifting toward quality construction and energy-saving options, like tankless water heating and shower/sink on-demand water usage.
When the coronavirus-related unemployment rates hit record highs, disposable income vanished for many homeowners. The demand for new plumbing installations and renovations nosedived as well. Before the pandemic, plumbing industry average rate of growth was 2.1%.
It’s difficult to find confident construction services growth predictions. Still, the Bureau of Labor Statistics (BLS) predicts a 10% increase in jobs for construction services-related plumbers and pipefitters. It’s also predicted by 2050 there will be a 50% increase in freshwater demands.
Commercial Property Plumbing: A New COVID Problem
Plumber Magazine says the risk of Legionella bacteria may increase in buildings that have been sitting empty for months. Legionella bacteria grow in stagnant water.
You may want to contact commercial property owners and managers in your area about additional water testing before they reopen. Even if you don’t provide water-testing among your construction services, this goodwill effort will not go unnoticed. (It could be a subtle marketing promotion for your business.)
Here’s a not-so-subtle way to generate new jobs and relevant leads for your company:
Construction Monitor Can Expand Your Plumbing Industry Outlook
Construction Monitor has construction services building statistics for the U.S. Our team wants your plumbing business to thrive. That’s why we encourage you to utilize the data we provide and use it with intent.
If you need marketing strategies for your plumbing company, contact us today. We aren’t successful until you are.