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Homebuilders Are Getting Creative in the Face of Labor Shortages

Homebuilders Are Getting Creative in the Face of Labor Shortages

New technology can help build homes faster regardless of the size of your crew

Time is money, and this age-old adage is particularly true in the building industry. A delay in the construction process can have far-reaching consequences, including everything from disgruntled clients and the resultant negative word-of-mouth marketing, all the way up to a costly lawsuit for delay of use damages.

Solutions for Those Overtime Budgeting Blues

Solutions for Those Overtime Budgeting Blues

Overtime costs can be expensive and hard to navigate. Can new technologies help home builders better manage shift workers and budgeting?

For any construction company, managing workers’ schedules can be a headache. These issues become even more problematic when workers start reporting a lot of overtime hours, meaning you have to pay them even more for that extra time (one-and-a-half times their normal pay for any hours worked over 40 per week).

These costs can add up fast and affect your company’s bottom line in a big way.

Artificial Intelligence: Are You Ready for a Robotic Construction Crew?

Artificial Intelligence: Are You Ready for a Robotic Construction Crew?

The construction industry is evolving to include robotics and artificial intelligence

Although the concept of robots and Artificial Intelligence (AI) seems like the plot point of a science fiction movie, both are increasingly becoming a part of our everyday lives.

4 Tips to Ensure You Get Paid on Time

4 Tips to Ensure You Get Paid on Time

Late payments are a big deal for any business owner. Here’s how to lock down deadlines and fight for what you’ve earned.

As a business owner, a big stressor can be payment timing. Not only do you have to juggle structural deadlines, problems that arise, and many other aspects of the home building process, but you also have to make sure you’re managing your income and expenses effectively.

Market Trends in Home Building: Financial Planning for a Soft Market

Market Trends in Home Building: Financial Planning for a Soft Market

What's behind the softness in the home building industry and how financial planning can help.

While housing starts exceeded expectations at the beginning of summer, permits came in below estimates, and existing home sales were lower than expected for four crucial months that are usually lucrative for the real estate market.

Is Smart Home Technology Worth Incorporating into Your Next Build?

Is Smart Home Technology Worth Incorporating into Your Next Build?

Home builders can take advantage of Smart Homes by incorporating tech into their building projects

Smart home devices are becoming more and more common. The advance of the Internet of Things (IoT) creates the desire for pretty much everything to be integrated into the digital sphere in some capacity.

Plug-In to the Future: Electric Construction Equipment Is Worth the Investment

Plug-In to the Future: Electric Construction Equipment Is Worth the Investment

Although the initial investment is high, lifetime costs are lower with electric

Embracing new technology can be difficult, particularly if it disrupts tradition and may unbalance the budget. It often seems like an unnecessary step driven more by industry trends than actual need, so once you add in the cost, learning curve, and the uncertainty around receiving a return on your investment, it’s easy to look at emerging technology with a skeptical eye.

7 Tips to Elevate Your Construction Company to The Next Step – and Beyond

7 Tips to Elevate Your Construction Company to The Next Step – and Beyond

Level up your construction business using these tactics

Chances are, it happens every time you see a competitor’s job site – the anxious twist inspired by a client that could have been yours. If you want your business to grow, understanding why it’s not your crew on that site is crucial.