Construction Statistics

Seasoned framing contractors who already have material suppliers can benefit from examining alternate suppliers for customer service, price and quality comparisons. The offering of new and improved products also adds appeal to periodically evaluating materials and suppliers. Read More »

Framing Contractors Education and Training

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House framers play a critical part in home construction for they build the “skeleton” (walls, floors, and roof) of the home that sets the groundwork for a quality finished product. A strong attention to detail is essential during the framing process because errors in measurement, misread blueprints or poor craftsmanship results in project delays. Read More »

Specific statistics on construction and market information can help you measure your performance as well as that of your competitors, putting your numbers into perspective with the overall industry picture. You've identified your business statistics but knowing your numbers doesn't help if you can't compare them to others in the field and analyze them to better your business.

Construction industry statistics can help in the creation of your own operational and market objectives. Effective analysis can also show trends and lead to projections for future business growth. Identifying strengths and weaknesses and working to improve those areas can help solidify your standing in the industry.

Consider the following statistical information that may help you in this area:

1. Construction company statistics indicate some 883,000 construction outfits in the United States in 2006.

2. Housing construction statistics vary from month to month and year to year but overall their trend is used as an economic indicator.

3. US construction statistics indicate that construction of single-family residences makes up the largest percentage of construction activity.

Obtain residential construction statistics

Governmental entities-whether it be on the federal, state, county or city level-may be able to provide statistics in the area of residential construction. As a general contractor, the majority of your work may comes from new house starts. Understanding these statistics will help you understand your own business and help you set goals for the coming year.

Find construction project statistics including building and material costs

Material costs make up a huge chunk of your budget and affect how you bid projects. Keep up on the trends for lumber and other supplies so you can more effectively watch your bottom line.

Obtain commercial construction statistics

Commercial building construction is another industry segment subject to much research and statistical data. Even if commercial construction isn't your company's main focus, use statistics to help you indicate trends in the industry overall and be better prepared when that occasional commercial project comes up.
U.S. Census Bureau provides statistical information on commercial building construction by year or employment size of the business. Order market research reports on commercial construction issues at MarketResearch.com.

Modular construction statistics indicate a growing popularity, with North Carolina, New York and Michigan leading the nation in the number of modular homes built annually.

Tips & Advice for Construction Statistics

The National Association of Home Builders (NAHB) is the most common source of construction statistics, as well as permit and employment data. These statistics help builders and construction companies understand the different points of building a new home as well as possible pricing per square foot.
Statistics such as the recent decline in people buying new single-family homes help construction firms tailor their services to meet demand. The statistics provide an idea of what people want and how much they are willing to pay. Construction companies, while not fully reliant on such statistics, have to note trends in order to foresee dips in the construction market.
The main advantages of the statistics are mainly that they allow builders and construction companies to make adjustments to their work schedules to allow for lower demand. This also works the other way, as they can be used to the construction industry's advantage by letting companies know what people are looking to buy.
Maybe the biggest disadvantage to construction statistics is the fact they are far from 100-percent reliable. The information used is often only a small part of the whole picture, meaning the statistics are not always accurate. This can lead to businesses missing out on certain types of work. Business.com is a great source for more information about construction statistics.

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