Grey Areas: New Home and Renovation Construction Services

There are grey areas in construction services. The United States Census Bureau says the construction industry (for purposes of definition) does not include:

  • Gas/oil drilling, including the construction of offshore drilling platforms, digging/mine shoring of mines
  • Land acquisition
  • Maintenance/repairs to existing structures or service facilities
  • Offsite fabrication
  • Production/machinery cost
  • Special-purpose equipment costs (e.g., pews in churches, lockers in gyms, medical equipment, display cases/shelving in stores)

That’s where we disagree – to a degree. Our construction services client-companies using Construction Monitor building permit datasorts often provide these services.

If you bid on a hospital construction project, the price of X-ray machines won’t be included. But if you quote on a church project, chances are you may be including pew and altar-price options based on design.

Grey Areas

There are no grey areas when it comes to quality and profit. No company compromises safety for greater profit. Choices like that can come back to bite you big-time.

New homes and renovations companies avoid grey areas by specifying and pricing bids as tightly as possible.

Confidence Returning to Home Renovation Market

Remodeling and design construction services are optimistic. Third-quarter 2020 is looking better than 1Q/2Q. Following the 2Q 2020 drop, business indicators are returning to – almost – pre-pandemic levels. We can pat ourselves on the back because we managed this by:

  • Applying remote collaboration tools
  • Dealing with supply-shortages
  • Implementing safety guidelines
  • Increased use of video consultations
  • Using more online product sourcing

New Home Construction Services

Single-family and multifamily housing starts rose 17+% in June 2020. This is a good indicator we’re trying to make up for double-digit declines. The bad news? Lumber costs are also increasing.

Our real estate friends say existing home sales rose 20.7% in June 2020; down from last year. Mortgage applications are rising, too.

Data Analytics for Construction Services Profit

At Construction Monitor, we believe numbers don’t lie. New single-family homes and renovation construction services are playing catch-up; the opportunities are there for you. Join our family of construction industry companies using big data analytics to grow and prosper in unusual times.

Construction Services: Property Plumbing

construction service

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.