Is your workflow steady, but your bottom line diminishing? You’re not alone. Contributing to this trend is more than one key issue. Changing technologies that extend the life of select materials coupled with today’s more open design preferences are resulting in longer lasting home features and reduced finished wall space that can impact your profitability.
Seeing reduced installs of drywall or baseboards? With consumers benefiting from more durable materials, such as in roofing, and choosing multifunctional great rooms, joined by more durable flooring and eco-friendly lighting, suppliers and installers are required to stay ahead of these trends or lose their competitive edge and market share. Equal to forecasting housing cycles are the ever-changing products and materials within these homes that can chip away at profitability. A detail that many CFO’s overlook.
Fortunately, there are highly credible resources that can help guide construction professionals to minimize loss and maximize gains in the months and years ahead. So, plan ahead, or get left behind in an increasingly competitive contracting field.