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As 2023 ended, residential construction companies can look back on a year of extremes. The whipsawing market presented no shortage of obstacles from depleted lots to wavering buyer sentiment. Yet disciplined operators discovered opportunities amidst the upheaval through focus on customer experience, communication enhancements and productivity optimizations.
With the calendar turned to 2024, we spotlight our most popular posts, unpacking last year’s unique navigation. What technology and efficiency best practices set leading builders apart as they balanced pace and quality? How did the industry’s most innovative sales leaders drive results despite skittish buyers? What inventory management adjustments kept projects flowing?
The articles below provide answers to these questions and more. Dig into the top trends, challenges and success strategies defined by an especially dynamic 2023 residential building climate. Discover the customer-centric, clear-communicating and efficiency-scaling attributes which empowered teams to deliver this year. Use these top takeaways as a springboard to start 2024 with confidence and clarity of purpose.
With a new year ahead, top sales experts from Kerry & Co., FPG, Blue Gypsy, Do You Convert, and more shared advice on succeeding in 2024 home sales.
Key themes:
Takeaways encourage flexibility, self-improvement, and consultative selling. Building trust and creating certainty are essential regardless of rates or inventory.
Take these best practices into the new year to drive relationships and sales through any environment.
Click here for the full set of actionable tips.
This post highlights insights from ECI Residential Home Construction experts Jeff Muir, Jared Johnson, Lauren Loy, and Sam Knight. With over 50 combined years in home building, they share perspectives on opportunities and technology's evolving role.
Key themes:
Their diverse experience allows ECI to deeply understand clients' needs. Embracing innovation empowers builders to maximize success through fluctuating cycles.
Click to read full discussion on the past, present and future of residential construction.
This blog examines if homebuilders can return to pre-2020 construction cycle times of 90 days or less. Lengthier build times hurt cash flow and satisfaction. Reasons for slowed construction are complex, but proactive steps can improve efficiency.
Key strategies include:
Believe it is possible
Deployment
Communication
Consistency
Reward teams for consistency not speed. Collaborate to streamline efficiencies. Proper planning and scheduling reveals paths to faster cycle times. With focused effort, sub-90-day construction is achievable again.
Read the full analysis of how to compress build schedules.
This post profiles the team behind BuildTools construction software. Industry veterans Sven Gustafson, Bob Cain, Jared Johnson, and Brad Haubert share their backgrounds in custom home building and thoughts on technology's role.
Key insights:
Outside of work, the team enjoys sports, traveling, DIY projects and giving back. Their diverse expertise powers BuildTools' mission to equip home builders to maximize productivity and success.
Read the full story direct from these construction tech leaders.
Construction management software helps home builders and remodelers operate more efficiently. This blog highlights 10 keyways it improves business, for example:
Simplified scheduling
Centralized communication
Fewer costly mistakes
This software optimizes efficiency, collaboration, and management for home building companies.
Click here for full details on the many benefits.
While markets may fluctuate, the residential construction professionals sharing wisdom herein agree maintaining focus pays dividends in any conditions. Whether enhancing emotional connections in an automated age or regaining systematic speed through collaboration, the advice compels readers inward. How can I as an individual or organization control outcomes through self-improvement?
The answer lies in mastery of sales fundamentals - deeply understanding client needs, guiding with care and confidence, efficiently handling processes underpinning deals. External trends inform, but personal dedication and team cohesion determine destiny.
As the industry wraps a dynamic 2023, these leaders’ insights ring loudly in establishing an internal locus of control. Which relationships can I enrich? How will I hone consultative skills to transcend hesitancies? Where might enhanced collaboration with trades or technologies streamline and scale? The common thread is a willingness to adapt sales approaches, build new muscles and standardize best practices whatever the terrain ahead.
By taking this growth mindset into 2024, residential construction companies can look inward to drive results outward. That determination promises success regardless of broader headwinds. Here is to focus on what we can control and finding opportunities amidst obstacles in the year ahead!
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