Industry News: November 2018

Industry News

After a long, busy year, you might find that things are winding down. It’s the perfect time to refresh yourself on what’s been happening in the industry.

Around this time of year, we start seeing what the predictions are for the new year and what trends will continue. From popular porches to paint colors, here’s the industry news you need to know this November.

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1. Remodeling Spending Increase To Slow

Remodeling spending is expected to reach $337 billion by the end of 2018, which is a 7.7% increase year over year, according to Pro Remodeler.  As we head into the new year, homeowners will continue to spend more on remodeling projects, but experts predict the growth will start to slow due to rising mortgage interest rates and slow home sales.

2. Buyers Looking For Large, Livable Garages

Welcome to the garage of the future. Homeowners are looking for bigger and better when it comes to their garages. No longer are these spaces just for storage, but they are now seen as additional rooms in the home. Garage livability has become a major factor in new home buying. Homeowners are looking for areas where they can work on projects as well as relax in their man cave. Additionally, three car garages are quickly becoming the standard in new home builds, according to Builder Online.

Garage trends are not quick to change, so it’s important for pros who work primarily on them to stay up-to-date with what homeowners want. You may be installing less storage and working on more expansions in the coming months.

3. Paint Color Trends

With the new year quickly approaching, there are new paint trends on the horizon. Homeowners will be keenly aware of these trends, and it’s best for painting pros to be familiar with what colors they’ll be seeing, or even suggest them to potential customers. According to Consumer Reports, cool hues with be hot this year with deep green being PPG’s top color choice for 2019. Deep hues, which were popular in 2018, will also continue to be trendy this year.

Staying aware of color trends is one way you can set yourself apart as a contractor, which can help you win more jobs.

4. Patios A Popular Feature On New Homes

Patio pros are likely keeping busy! In a recent study from the National Association of Home Builders, approximately 58% of new homes now include a patio. This trails just behind porches as a popular outdoor feature with 64% of new homes with an installation. This is the first time since 2007 that patios have reached a peak in popularity.

If you’re a patio contractor, CraftJack can help you find and keep up with business in your area. Call us at 866-456-6977 today!

5. Over Half Of Workers Fatigued

Showing up to work tired? A study by the National Safety Council found that 69% of employees are experiencing fatigue on the job, especially workers in safety-critical positions, like construction. Additionally, the study also found that 100% of construction workers report having at least one risk factor for fatigue.

Don’t just shrug this off. Adequate sleep and rest are important for the safety of yourself and others on the job site. Be sure to take care of yourself by taking breaks when needed, resting after a long day and staying hydrated.

Conclusion

As the year draws to a close, keep an eye on predictions for next year. They can help you to plan ahead and prepare for a new year of business!

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