We’ve invited back a special guest to give our annual economic update on the housing industry. Danushka Nanayakkara, Assistant Vice President for Forecasting and Analysis at the NAHB, joins the podcast again to share the annual outlook. Listen in to learn the trends for the next 18 months, where the industry is struggling most, and the direction the interest rates are headed next.

Show highlights include:

• 02:45 Introduction and Background

• 4:40 What was surprising economically this year?

• 07:55 Interest Rates and Inflation Outlook

• 14:35 Affordability Challenges and the Need for More Affordable Housing Units

• 24:55 Creative housing solutions and zoning

• 32:00 Economic trends for the next 18 months

• 38:40 Getting young buyers into the market

• 41:15 What does the industry look like 5 years down the road?

• 44:00 What excites you about the next year

• 45:35 How to connect

You can learn more about Danushka at https://eyeonhousing.org/.

Social media:

LinkedIn

Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction.

To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

These two childhood friends took a leap of faith and started their own custom home building business over two decades ago and never looked back. Weathering the turbulent Great Recession in ‘08 and, now, Covid, these two home builders have joined us to share the hard lessons they’ve learned and the tools they’ve used to build success. Chris Ehrenfeld and Jason Dell cover the trends that are taking their market by storm, and how they keep their customers happy.

Show highlights include:

• 02:30 Childhood Friends Turned Business Partners

• 07:35 Bold Construction the journey

• 09:01 Navigating the Great Recession and Pivoting

• 11:15 Implementing Systems and Processes with EOS

• 18:30 The behavior of buying habits and what clients what

• 22:15 The Impact of Remote Work and Commuting

• 25:37 The Importance of Customization and Design

• 30:20 Navigating the Overwhelming Choices in Home Building

• 34:40 Current trends in homes

• 39:45 What excites you about the next year

• 44:50 How to connect

You can learn more about Jason and Chris at https://buildboldnc.com/.

Social media:

LinkedIn

Facebook

Instagram

Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction.

To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

2024’s SORCI Report is an incredibly useful source of data that our guest today helped design at The Association of Professional Builders. Russ Stephens joins us for another year to go over the annual report and share the new industry trends he’s seeing, along with the biggest challenges facing builders and remodelers this year. This is an episode you can’t afford to miss.

Show highlights include:

• 01:15 Introduction of the Guest

• 02:32 Importance of Participating in the SORCI Survey

• 05:45 Highlights from the 2024 SORCI Report

• 07:30 Marketing Challenges for Builders

• 13:00 Content Creation and Marketing Strategy

• 19:55 Importance of Accurate Financial Reporting

• 22:25 Trends in Talent Acquisition and Employee Retention

• 25:55 Trends in the Residential Construction Industry

• 35:55 Accessing the SORCI Report

• 36:45 Exciting Developments in the Industry and Personal Life

You can learn more about Russ at https://associationofprofessionalbuilders.com/.

You can download this year’s SORCI report here.

Social media:

LinkedIn - https://www.linkedin.com/company/the-association-of-professional-builders/

Youtube - https://www.youtube.com/channel/UCx3f5Njk_SkTIh7zEbg7qcA

Instagram - https://www.instagram.com/apbbuilders/

Twitter - https://twitter.com/apbbuilders

Facebook - https://www.facebook.com/associationofprofessionalbuilders/

Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction.

To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.