What Happens Next?
The Association of Professional Builders’ recently released 2021 State of Residential Construction Industry (SORCI) report indicates that while builders in the United States have seen record increases in revenue and net profit with homeowners seeking to improve their living environments because of the COVID-19 pandemic, the unprecedented demand isn’t sustainable. APB says savvy builders will need to think more like strategists when it comes to lead generation, team building, project management, planning, owner’s remuneration, financials and self-development. Professional Builders’ Secrets is the title of our new column designed to help you plan strategy and futureproof your business and be ready to pivot and adapt as quickly as buyer demands do.
If you’re not already familiar with the concept of “fintech” get used to it! Tech Talk will get you caught up on how technology is transforming the home buying process. The well-funded entrepreneurs behind a host of startup fintech companies seem to all have their eye on Texas as a top priority market—for good reason as we continue to draw people who are not too afraid of change to pick up and move themselves across the country because of our ripe business climate.
The strategy won’t be the same for all of us. Just as we write about diversity of choice from auto manufacturers competing with each other in the various automotive segments, you’ll find your niche opportunities. The message is—be flexible and ready to tweak your designs and your marketing messages to pivot to the subtle changes.
NAHB’s recent study, What Home Buyers Really Want, 2021 Edition polled a panel of recent and prospective home buyers and some of the things that they revealed about their priorities for bathroom design revealed that preferences have changed as we enter the phase that will hopefully remain being called “post-pandemic.” Buyers are looking for a spa-like experience at home, and the builders of the 2022 New American Home® being built for the National Association of Home Builders’ International Builders Show (IBS) describe their entire house as a “private sanctuary for the homeowner with numerous spa-like features throughout.”
And we have a big announcement to make: Our audience for the content we create for Building Savvy Magazine is builders, remodelers, architects, designers and developers serving the residential construction industry. Now with the opportunity to be part of Home Trade Show here on the IHeartRadio and TV Network, we can share some insider information about home building, home remodeling and home products with more building industry pros as well as the consumers who have interest in this industry. We are excited to announce that our new podcast, “The Building Savvy Bottom Line” is part of the Home Trade Show iHeartRadio Station and Home Trade Show TV. Nancy Hahn, the Founder/CEO of Home Trade Show iHeartRadio Station and Home Trade Show TV, expressed to us that the goal is to keep the Home Trade Show Alive 365 days a year to a combined audience of over 250 million households. Listen to our podcasts and follow us on our journey to produce The Building Savvy Bottom Line. Scan the QR code below to follow our blog. To learn more about Home Trade Show on Home Trade Show iHeartRadio and The Home Trade Show TV Network visit http://www.hometrade.show
Cheers to a fruitful fall season!
