This has been a record breaking year for home improvement professionals. Sales have never been stronger than now. But shortages of labor and supplies have eroded profitability. Here’s a look at the most impactful home improvement stories of 2021 based on website page views and their relevance to critical trends during 2021.
Great Day Improvements, LLC, a home improvement company known for its Patio Enclosures and Stanek Windows brands has added Universal Windows Direct to its portfolio, the companies announced Wednesday. Terms of the deal were not disclosed.
The Small Business Administration and U.S. Treasury Department have released new regulations on the expanded Paycheck Protection Program (PPP) as amended through the $900 billion coronavirus relief package that was enacted into law at the end of December.
Buildertrend, a leading provider of cloud-based construction-management software for builders, remodelers and specialty contractors announced the acquisition of CoConstruct, a complementary provider of construction project management software for the residential construction industry.
Leaf Home Solutions, the Akron, Ohio-based company and the No. 3 company on the 2020 Qualified Remodeler TOP 500 list—LeafFilter Gutter Protection—announced this week that it has acquired three well-known home improvement companies.
A tricky issue for many remodelers and home improvement companies was clarified Wednesday when the U.S. Department of Labor announced a final rule clarifying the standard for employee versus independent contractor status under the Fair Labor Standards Act (FLSA).
TOP COMPILATIONS AND RANKINGS
The 43rd annual ranking of the nation’s largest firms based on remodeling revenue
To be sure, these are good times for growth-minded remodelers and home improvement entrepreneurs. Whether you specialize in whole-house renovations or you are busy capturing your local market for replacement windows, demand is strong everywhere and in all segments. Proof is also everywhere.
Business satisfaction is a discipline. It has metrics. Follow-up surveys are required. Owners and managers may trick themselves into believing otherwise—that a verbal affirmation is all they need from a customer. But people are non-confrontational. They won’t tell you how they really feel unless there is some go-between like a third-party survey.
Remodelers and home improvement pros know how to spot a good opportunity. Many have built successful operations capable of seamlessly accommodating a hot, new product offering with its own brand. The right ‘next opportunity’ is different for each entrepreneur.
The biggest home improvement companies in the industry often don’t stay that way. Their revenues and profits rise and fall based on the individual energy and hard work of one or two owner-managers.
Home improvement pros who attended the recent TOP 500 LIVE conference hosted by Qualified Remodeler seemed to revel in the opportunity to connect face-to-face for the first time in many months. But that did not fully explain the jubilant mood among the crowd, which was due to very strong sales activity nationwide.
Remodelers from coast to coast extend living spaces to take advantage of scenic views as well as opportunities for cooking and entertaining.
For each of the past 43 years, Qualified Remodeler has received hundreds of entries to its Master Design Awards from companies across the U.S. This year, we once again accepted some of the best projects in the history of the program, thanks in part to our continued partnerships with the Chrysalis Awards and the NARI Contractor of the Year (CotY) Awards.
TOP PRODUCT FEATURES
Lumber prices reached record highs in May and demand for home renovations is showing no signs of slowing. With the COVID-19 pandemic still at the forefront of everyone’s mind, homeowners are looking for ways to congregate outside and utilize their outdoor living space in a COVID-safe fashion. Building new decks, or updating existing decks, is one way that homeowners are maximizing their outdoor living potential.
The last 12 months did not turn out the way anyone would have expected at the start of 2020. For most remodelers, it was better year than they could have wished for. At Qualified Remodeler, we know that product selection is a sure way to get a gauge on the health of the remodeling industry. This compilation of the remodeling industry’s 100 most-requested products over the past 12 months confirms the vibrancy of market last year.
You’ve got a lead in your hand. An appointment has been set and confirmed by your office. You’re an experienced salesperson, project manager or company owner. You know your product, and you believe you know how to present it.
A year like no other forced our company into the future of home improvement sales. When the pandemic prompted a shutdown last March, we were like every other business in the home improvement industry. Even if you have a disaster plan in place—and most companies don’t—how do you plan for a super contagious and potentially lethal virus?