The December survey of the NAHB/Wells Fargo Housing Market Index found that 87% of construction professionals site labor shortages and increased costs as their number one concern moving into 2020. Looking back, only 13% of construction professionals thought labor shortages would be a problem in 2011. That number jumped significantly in 2014 when it reached …
We all know how invaluable a recommendation from a trusted friend is in finding new work for constructions companies. In fact, many companies rely on word-of-mouth to get ongoing business. By the same token, a bad review or unhappy customer can really do a lot of damage, especially now that social media allows both positive and negative reviews to reach a much wider audience and pop up every time someone searches your company name.
One of the constant responsibilities of the construction industry manager is soliciting new business. Word of mouth can bring in a good amount of business, but you must augment your good reputation with marketing methods that work. Selecting marketing that will give you a good return on investment will help you to reduce your costs.
It’s a sad reality that more contractors fail than make the grade. Why the high failure rate? There are certain perceptions that pervade the industry that negatively affect a contractor’s ability to achieve success. We’d like to bust some of these price-related myths and help contractors to financial success in the long term.
While an upswing in the housing market is good news for the construction industry, many builders are concerned about higher materials costs. Innovative construction companies are utilizing advances in technology to make their builds more efficient as the time and management improvements they provide are too impressive to be ignored.
After the housing crash, many construction industry professionals retooled or left to pursue careers in other fields. Coupled with a drop in intake numbers, the industry is facing a lack of qualified personnel to fill positions in the coming year. When the time comes to face these shortages, how will your construction company cope? What strategies do you have in place to guarantee your continued profitability?
As the construction industry rebounds, construction companies are faced with increasingly problematic labor shortages that have caused delays of up to 30 days on new home builds. During the downturn, many construction professionals moved to other industries to find work which accounts for the current shortages experienced in both the building material manufacturing and construction industries. As construction slowed during the recession, the number of workers decreased from its 2006 high of 3.45 million workers to just under 2 million by March 2011.
The construction industry is competitive and in order to get ahead, you must consistently deliver quality in the shortest amount of time and at the lowest possible cost. Your most important asset is your team, but many managers have difficulty finding the right people. If you are experiencing a high employee turnover or have trouble finding the right employees, there are ways in which to create a culture of teamwork and support that cultivate a good work ethic
The DBA is hosting the Dallas Builder’s Show on October 15 which offers industry professionals a day of insights and opportunities. The DBA Show kicks off with a member’s meeting with special guest speakers Ross Perot Jr. and Dr. Elliot Eisenberg, have a trade show featuring 70 exhibitors and a cocktail reception in the evening will benefit the worthy Operation Finally Home.