If 2020 were an appliance, it would be a Cuisinart®. Businesses have been processed and pulverized beyond recognition, and construction services are no exception.
“Survival of the fittest” was coined by British philosopher Herbert Spencer. We often believe the strongest survive, but that’s not always the case. Those most adaptable to change not only survive; they thrive.
Building permit data reflects construction trends here (your “neck of the woods”) and now (weekly updates). The information tells you which direction our industry is heading and is the first clue you need to adapt.
Using Building Permit Data to Expand Your Services
If you sell floor coverings and notice a lot of retail spaces
in the works, but your current product line has nothing
durable enough for commercial use… Chances
are you’re missing out on sales. –David Mineer, CEO
Maybe your marketing focus is on new-home builds. You cultivate that business because that’s what has worked for you for the last 10 years.
Building permit data shows you new home construction is down, but swimming pools and home renovations that cultivate lifestyle are up – way up in some areas. Families are staying home; workers are working from home. People want their homes to be more fun, more comforting.
Your first clue was in your Construction Monitor building permit data report. How fast you respond – adapt – is what sets your company apart from others. Building permit data has driven many companies to revamp their entire approach to business development.
Contact Construction Monitor: Then Be Prepared to Adapt
Home improvements have seen a whopping 140% growth this year. But that’s just one segment of the construction industry changes we’re seeing.
“Green” construction is critical. Improved working conditions to attract better talent is necessary. We’re using modular construction to speed-up project turnaround times. We’re adapting materials to overcome shortages.
Our construction industry is meeting challenges head-on.
If you’re not using analytics from building permit data, ask questions. Learn more. And be prepared to adapt your construction services to take you beyond business survival to profit. Call 800.925.6085 (International 435.586.1205) or contact us today.