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 based on geographics. You can sell vacuum cleaners in dust storms if you target the right market. (Buy-online DIY swimming pool kits don’t sell well in Antarctica.)
Building permit reports give you information about which locales are developing, remodeling, or stagnant. You can drill down U.S. housing starts and building permits by region (East, Midwest, North, South), state, county, city, subdivision development… These analytics can lead to informed, up-to-date decision-making.
Do you want to grow your nail salon business? Look for up-and-coming commercial and residential development. Is it time to franchise your unique bakery? High-traffic communities might be the places to examine. Building permit reports are the foundation for business development.
Types of Building Permit Reports
January 2020 saw the strongest gain in building permits² since September 2012. This information offers insight into key economic indicators: jobs, income levels, and tax rates.
Building permit reports give companies information to increase income and profits:
- Develop sales leads
- Discover potentials for partnering
- Identify competitors
- Plan marketing strategies/campaigns
Types of building permit reports you can use include:
- Agricultural buildings/sheds
- Arts/museums
- Banks
- Cabins (private)
- Churches
- Commercial
- Entertainment venues
- Footing/foundations (commercial, residential)
- Garages/carports
- Grading/dust (commercial/residential)
- Hospitals/healthcare facilities
- Industrial manufacturing sites
- Mobile homes
- Motels/hotels
- Office complexes
- Parks/recreation sites
- Personal care (commercial)
- Private/public schools
- Professional buildings
- Remodeling/additions (commercial/residential)
- Reroofs (commercial/residential)
- Residential (single-family, duplexes, apartments/condos)
- RV parks
- Solar/alternative energy provider sites (commercial/residential)
- Storage buildings
- Swimming pools/spas
- Transportation-related structures
- Utility provider sites
- Vehicle (auto/truck) sites for sales/service
- Warehouses
- Wholesale facilities
Successful Businesses Use Building Permit Data
Spring 2020 will be filled with profitable opportunities. You can be the company others look to for ideas and inspiration. Information is your differential.
Let Construction Monitor explain more about construction data and analytics customized for your business. Call 800-925-6085 or contact us today.