How are things going?
At a high level, we can all point to several of the significant ongoing events that are impacting the economy and the construction industry. But what are the other key factors also fueling the current state and will undoubtedly shape the future state? These deeper layers should also be understood, dissected, and tracked.
A difficult position to be in is not having data driven insights into the projected short-term and long-term outcomes that will directly impact your business.
industry news
-
Nonresidential Construction Starts
Nonresidential starts drop by 14%. Likelihood of a recession spooks project owners.
-
Construction Materials Pricing
The most recent Producer Price Index indicates some signs of relief for construction materials.
-
Residential construction starts
Most recent data shows single family construction starts have decreased for 4 consecutive months.
FAQs
Can you define “local market level”?
This is considered an MSA, which stands for Metropolitan Statistical Area. We have the ability to drill down to construction starts history and the projected construction forecast for MSA’s like Dallas-Fort Worth, Austin-Round Rock, Phoenix-Mesa-Scottsdale, Nashville-Davidson-Murfreesboro-Franklin, and all other MSA’s in the United States.
How often would we receive the market analysis and Construction Forecast?
You will receive this report once every Quarter. This gives you consistent insight on the current state of the market and the latest projections, which can vary based on market volatility.
How is this delivered?
I will present each report to you and your team so that the information and data is accurately interpreted. It will be a Q&A style and I can answer questions about the report.
How do I know what market and industry data is right for me?
We will start by evaluating an existing report and customize it to capture the most relevant data for your business. The geographical construction forecast will focus on the areas you currently work in as well as locations you plan to expand to if there is an opportunity for growth and profit.
How many Key projects can we track?
This package has a minimum project tracking count of 5 projects. There is no limit to the number of projects you can track.
what kind of custom reporting and analysis would be performed?
One example: I recommend we do an analysis of all of your projects over the last 18-24 months. We can then compare your internal data with external data and gain valuable insights.