10 Million Permits!

On July 3rd, 1989, David Mineer Sr. collected a building permit from the Utah County building permit office, and Construction Monitor was born.  28 years later Construction Monitor has a data collection network spanning 1,899 jurisdictions throughout the United States and provides the most real time building permit information in the country.  Construction Monitor now has thousands of clients relying on that accurate and up-to-date weekly information to grow their revenue and help make crucial business decisions.  On May 9th, 2017, Construction Monitor entered the 10 millionth permit into its database.

The 10 millionth permit was collected from Richmond, Virginia.  It is a commercial remodel permit with a valuation of $1,095,000 that was issued on April 21st, 2017.  Subscribers to Construction Monitor; such as companies in the drywall, flooring, security, and solar industries, will be able to use that permit as a potential opportunity to generate bids and create more revenue.  Since 1989, Construction Monitor has created over 10 million of those types of opportunities for its clients.

Building permits are valuable as both sales leads and statistical information because they are required on every construction project from a small residential remodel up to a commercial high-rise.  With multiple ways to contact most individuals related to millions of construction projects, Construction Monitor clients have been able to identify and capture opportunities that they had only because they watched permits through Construction Monitor.

To learn more about Construction Monitor and how it has helped thousands of companies throughout the United States, visit us at ww.constructionmonitor.com

Economists Forecast Another Good Year for Housing

When the housing market improves, construction employment picks up along with it. In terms of both new homes built and new hires, 2016 is shaping up to be even better than last year.

construction employmentSingle Family Homes Driving the Market

In February, housing starts rose 5.2 percent to their highest point in five months. For the year as a whole, housing starts are expected to increase by 12 percent. Spending on residential construction has also seen steady growth from 2011 and is expected to grow throughout 2016.

Despite the slump the single-family home market has been in recently, the outlook for this market is especially promising this year. The market grew by 7.2 percent in February and experts suggest the growth rate of the single-family home market will begin catching up with the multifamily market. Improvements in the job market are a major factor in this recovery.

The multi-family home market is still expanding, but at a slower pace. For 2016, a 5 percent increase is expected. Falling apartment vacancy rates show demand for rental units is still growing. Even so, experts predict this market’s recovery is nearly complete and the rate of growth will slow in the near future.

On the down side, applications for building permits fell by 3.1 percent in February. This is following a slight dip in December and no change in January. Because fewer applications for building permits signals less construction work in the future, this could mean a slowdown is ahead.

More Jobs for Skilled Workers

The outlook for the construction employment job market also bright. 71 percent of construction firms plan to take on new workers this year, according to a survey conducted by the Associated General Contractors of America. Of those, 8 percent plan to increase their headcount by 26 percent or more.

The majority of firms reported difficulty finding skilled tradespeople, such as electricians, plumbers, carpenters and drywall workers. This leads to delays that can stretch on for weeks if not months, slowing the industry as a whole.

For more in-depth information on construction employment, and the latest on construction leads, contact us at Construction Monitor.

What to Keep in Mind About Multifamily Housing Construction in 2015

Recent trends in the construction industry indicate a continued expansion of multifamily housing construction across the United States. Industry expert Bryan Carlock, Jr., a U.S. real estate practice leader for consulting firm PwC, expressed some expectations for the multifamily housing construction sector in 2015 in a recent interview with National Real Estate Investor.

Continue reading What to Keep in Mind About Multifamily Housing Construction in 2015

$2 Billion in Construction Permits for Projects Throughout Minneapolis Issued in 2014

Minneapolis construction hit an all-time high in 2014 with more than $2 billion worth of permits issued in that 12-month period. The city reached the substantial milestone with the issuance of a building permit for a single-family home on December 31, 2014, according to the Minneapolis Star Tribune.

Continue reading $2 Billion in Construction Permits for Projects Throughout Minneapolis Issued in 2014

Rental Apartment Construction Booming Across the U.S. at a 27-Year High

Rental apartment construction in the U.S. has increased to a level not seen since 1987, according to new industry numbers reported in the Wall Street Journal. Multifamily apartment construction is at its highest level in some 27 years, with 330,000 multifamily apartment units under construction as of October 2014.

rental constructionThis indicates a boom in apartment construction, and it came despite the multifamily sector saw a 15.5 percent overall drop in October 2014.

Construction of multifamily housing options containing five units or more is at its highest level since 1989. The number of those units being produced for rental is at the highest level since records were first kept on the issue in 1974.

More than 93 percent of units in buildings with at least two units will be rental units.

The upsurge in apartment and rental unit construction continues a trend in urban residential construction that tends to concentrate more people into available spaces. The current trend outpaces the last notable housing boom in 2006. The notable difference today is that more units are being built as rentals.

Are you a construction industry professional looking for the latest information on construction trends, housing starts and building permit issuances? Construction Monitor provides comprehensive reports on these and other important industry topics. Contact us today for more information on recent developments in rental apartment construction and what they could mean for your company.

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Tiny Houses See Construction Boom in Tough Economic Times

tiny housesA growing trend in home building in the United States has some homeowners choosing a compact lifestyle rather than seeking larger houses that impose substantial cost burdens and long-term mortgage commitments.

The movement toward these self-described “tiny houses” continues to gain momentum, with more and more individuals, couples and families choosing a dramatically smaller living space.
Continue reading Tiny Houses See Construction Boom in Tough Economic Times

Using Building Permit Data for Successful Lead Generation in the Construction Business

Building Permit DataEvery business, particularly construction firms, requires a steady influx of new customers to sustain revenue flow and profitability. Lead generation in the construction business flows from a number of consistent categories, but adding building permit data to these sources will significantly expand your reach into areas you may not have even considered. Continue reading Using Building Permit Data for Successful Lead Generation in the Construction Business