After being defeated by the recession, homebuilders are finally backed at work. New projects under new construction have been stalled for so long that demand was pent-up so stated Andrea Alegria, an industry specialist for IBISWorld which is a market research firm. Plunkett Research, which also studies building industry, states that housing starts for single-family homes are expected to climb to 360,000 this year, which is an 18% increase from 2011.
Revenue industrywide is believed to top out at $303 billion by the end of 2017, which is a 63% increase from last year’s sales forecast. Alegria ventures there were 340,544 total firms working last year and 556,090 by the end 2017. Driving this growth are the Gen Y-ers who have begun to leave the nest and buy their own homes. These are the latest construction business opportunities that are showing growth; this growth has created a variety of business openings from full-scale construction firms to self-employed bathroom remodelers. Also, as the market has picked up, some overhead expenses have decreased, which also boost profit margins.
Another business opportunity
Another building strategy for a custom home builder – partner with a friend, to form a new company and become a franchise builder is a great idea for construction business that aids to reap the benefits of production homebuilding
Epcon Franchise Builders
Epcon Franchise Builders also use Epson’s methodical process:
- Construction schedules’ and budgeting templates
- Conventional copyrighted floor plans
- Field intelligence such as labor costs and vendors to develop entire communities quickly
This also puts a lot of construction workers back to work.
How are sells
Of course, build-outs that are rapid don’t amount to much if the houses don’t sell just as fast. Epcon invested heavily in market research and were constantly tweaking its copyrighted floor, website templates, marketing materials. Pre-sale strategies and professional photography supplied by Epcon all help to increase sales velocity.
These two examples are showing that the economy is growing again, with a gross domestic product up 2.3% as compared to 1.7% last year. Interest rates also are staying at historic lows, with no sights of any substantial inflation. There also is amply capital around, as ‘venture capitalists’endure to make pacts at a brisk rate.