Another company has outbid you and you’re wondering why. Let’s see…both businesses are located in the same state, county, and city. You’ve actually been in business longer and you know the ins and outs specific to the job you just lost. The answer is available using building permit data analytics. New and Improved You aren’t […]
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Building permit reports are necessary for all construction and some home remodeling projects. To obtain a building permit, companies apply to the local (city/county) government and include a construction site plan and architectural blueprints. Getting building plan approval can sometimes take weeks or even months. While the project stakeholders are waiting for the go-ahead, what
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Single-family starter-home buyers are intimidated by price tags even though financing options and rates are at lows that haven’t been seen in a very long time. Is there a solution to the high costs of new home investment? Yes. You can learn more about new homes being built using construction data. Starter Homes May Be
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It’s difficult to think of any industry that isn’t impacted by housing starts and residential or commercial development. Business magazine Entrepreneur¹ says any organization that depends on a physical location needs to evaluate customer availability, accessibility, and proximity to other businesses/services. Building permit reports provide that information. Location, Location, Location Even internet-based companies target their audiences
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Data – information – is available to everyone. Even if you feel confident you know your business, its goals, and your industry, it’s difficult to know which information sources can deliver usable facts and figures. Construction data, including building permits information, is pertinent to our companies as well as our industry. But there’s another source of
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Few can predict the future, but economists try. U.S. economists watch building permit application trends very carefully. They review monthly statistics. Based on the number and types of building permits applied for by homeowners, land developers, and businesses, economists can reveal “economic indicators.” Let’s say you’re considering expanding your flooring business. There has been a marked
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Projected sales of windows and doors are trending positive through the end of 2021 and likely beyond. According to industry forecasts, the market will see increases of at least 4.5% this year and next. The increase will include products ranging from lower-priced, hollow-core doors and vinyl windows up through to the more expensive high-end solid doors
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Don’t think because your target market is Small Town, Oklahoma you don’t need to follow global and national construction trends. You do. Many countries follow our lead in global construction solutions and advances. But several European countries are more advanced in setting construction-industry trends. What they’re building today is likely your project focus tomorrow. Nothing
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Because no two construction businesses are quite the same, your competitors are bound to have insight you don’t. Data on the top companies in your area gives you a better understanding of how your successful competitors do business so you can learn from their experience. Spot new opportunities – Learning what your competitors are working
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If you want to bid less, but earn more, finding the right construction projects to bid on is half the battle. By searching building permits and other local construction data, you can uncover more ideal projects while avoiding potential problem clients. Play to Your Strengths Instead of considering any project that comes your way, take
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