Industry News: November 2018

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 To Slow

If you’re wondering how the new year will begin, experts predict to see remodeling spending start to slow in the coming months. However, the industry forecast is to be $20 Billion more than spending in 2017 by the end of the year, according to Pro Remodeler. While spending will hit its peak, remodeling pros should expect it to stay steady through the beginning of the year.

If you’re a remodeling contractor looking for more leads, let CraftJack connect you with homeowners in your area.

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 suggesting 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 will continue to be trendy this year, as they were popular in 2018.

Staying aware of color trends is one way you can set yourself apart as a contractor, which can help you win more jobs. Read more in How To Differentiate Yourself From The Competition.

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.

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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 out. Adequate sleep and rest are important for the safety of your self 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!

Looking for more of the latest tips and trends? Read Industry News: September 2018.

 

 

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