by Admin on December 23rd, 2014

Gas prices have dropped considerably. And depending on who you listen to, this is either good for our economy or bad for it. With that being said, some experts suggest that suburban home sales may actually improve if gas prices continue to go lower. In a recent article featured on The Washington Post, it was reported that with gas prices being at their lowest in a span of eleven years, commuters may choose to live farther away from their places of employment.

Although only time will tell, one study suggests that when gas prices drop by 10%, there is also a 10% decline in the number of homes built in outlying areas. Other studies have revealed that as the price of gas goes up, home values rise in the cities and drop in the suburban areas.

At the end of the day, it's too early to make any bold predictions. Builders may need to wait patiently to see how stable this decline in gas prices really is, before jumping on the suburban bandwagon.

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by Admin on December 1st, 2014

With the costs of nearly everything on the rise, people are trying to save where they can - even if that means paying more up front for an energy-efficient home. According to BuilderOnline.com, nearly 80% of Americans looking to purchase a home in the near future are interested in purchasing one that is energy-efficient. The data was collected from research conducted by the 10th annual Energy Pulse study by the Shelton Group.

So, what does that mean for those of us in the construction industry? For starters, surveyors from the Shelton Group, recommend that sellers change their language, learning to use "buzz" words that energy-efficient buyers are looking for.

At the end of the day, "71% of the 2,006 potential homeowners said they were 'likely' of 'very likely' to pay more for a high performance home," (ConstructionDive.com 2014). Definitely a stat that those in the residential construction community should be paying attention to...

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by Admin on November 22nd, 2014

It's that time of year again. The holidays are here, which means retailers of all types are keeping a close watch on sales. And thanks to the improving housing market, Lowe's and Home Depot are both seeing increases in sales.

Despite a significant data breach in September, Home Depot has reported sales in the third quarter of this year that was higher than orginally expected. Similarly, Lowe's third-quarter earnings improved by 17%. This is good news for both retailers, because the year was a struggle early on due to poor weather conditions and less than optimal home sales, which had an impact on both residential building and remodeling projects.

As we finish off 2014, and move into 2015, it will be interesting to see if similar sales patterns develop due to weather conditions, and how they might ulimately impact retail sales for those in the home improvement and construction industry.

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by Admin on November 15th, 2014

Commercial contractors and construction workers have been utilizing tools technology for a very long time, but not digital technology! Contractors have historically been categorized as slow adopters; however, that is changing. In a world of business that relies more heavily on the Internet, mobile technology, and Social Media, that is changing.

According to a recent article titled, "Smartphone Use Increases Among Construction Contractors, As Does Use of Apps, and Interest in Video," over the past four years smartphones usage among construction contractors has increased to 66%. That's an increase of 14% overall.

With the increased usage in digital technology, it may surprise some that only 45% of contractors are currently using social media. However, 94% of the survey respondents said they were on Facebook.

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by Admin on October 29th, 2014

Ground has been broken, and construction is officially underway on an elementary school building that will replace Sandy Hook Elementary, where twenty children and six adults died in December of 2012. The new school is expected to be open during the Fall of 2016.

The construction company, Consigli Construction, which oversaw the demolition of the original structure, has been preparing the new site for the 87,000-square-foot building; however, construction of the buidling itself will not begin until March 2015.

In an effort to protect the privacy of the local citizens, the area has been fenced off so visitors and those who simply pass by cannot see the construction or take photos during the construction process. Security guards will also be on location.

In light of the tragedy, Anthony Consigli, said "This project is about much more than a new building."

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