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Remodelers report that they can barely keep up with demand. Is this your cue to raise prices?

MOST RECENT ANSWER:

ProfServMN1651 Said:
One point I'd like to add is that increasing prices is not an all-or-nothing question. A small increase in your multiplier (and therefore, gross margin)can make a significant increase in net profit because it falls straight to the bottom line. Often it is less of a sales challenge, both psychologically and in terms of skills, to increase prices gradually and build your confidence. For...

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Sunday, May 26, 2013

Business & economy: In Oklahoma, assessing tornado's toll • Stocks move to record highs (again) • Online tools alter small-biz recruitment  • Report: Suburban poverty spreads  • Real hourly earnings up slightly •  Housing & real estate: Home Depot gains on housing boost  •  Remodeler purchases solar business  • Best housing markets in next 5 years  •  7-figure home sales hit 6-year high  •  Housing starts slumped in April •  How landscaping can impact home values  •  Energy & green building: Moniz sworn in as energy secretary  • Groups rally pressure for energy efficiency law •  Report: Vast improvements in new appliances • New insulation gains ground •  Solar and wind lose favor  •  Opportunities: America’s Top Remodelers competition.

Business & economy: Stocks keep rallying to record high  •  Households keep shedding debt  •  Small business owners more optimistic  •  Retail sales edge up  •  Job growth centers in key states  •  1Q mass layoffs drop  •  Housing & real estate: Basement remodeler wins major award  •  For-sale inventories rise  •  AIA selects Housing Awards winners  •  Housingscorecard shows continued gains  •  Sign of times: Redfin's bidding war report  •  Builders cite worsening labor shortages  •  Many homebuyers still clueless on mortgages  •  Positive equitydrives down defaults  •  Energy & green building: A good time for energy audits  •  Solar giant posts quarterly loss  •  US windows meet passive building standards.

Housing & real estate: Home prices climb fastest since 2006  •  Defaults drop to 2007 levels  •  “Improving markets” list declines  •  Younger buyers, bigger homes  •  Sandy flood payouts top $22m in Conn.  •  Business & economy: Stocks extend string of highs  •  Consumer credit posts small gain  •  Economic confidence ties record high  •  April’s great jobs report  •  March unemployment rates drop  •  Workers unprepared for higher health costs  •  Energy & green building: Home energy management co expands  •  John Tooley wins BPI’s Tony Woods Award  •  HERS joins Colo’s MLS  •  Free webinars: Business investments for remodelers (May 9)  •  BPI's Building Science Principles Certificate (May 14).

Housing & real estate: Home prices rise for 9th month  •  Rising prices credited for economic recovery  •  Remodeler confidence dipped in Q1  •  15-year mortgage at record low  •  55k foreclosures in March  •  Lumber earnings gain  •  Flood insurance: needed, not bought  •  Bad mortgages hit 5-year low  •  Business & economy: Stocks rise to another record  •  Big 3 “zombie slayers” gain market share  •  College grads, non-degree jobs  •  Consumer confidence rebounds  •  Europe’s unemployment at record high  •  US jobless claims fall to 4-year low  •  US incomes, spending rise slightly  •  Employers link premiums to wellness  •  Energy & green building: Geothermal’s big savings  •  USGBC marks 20th anniversary.

Housing & real estate: Remodeling activity to grow through year  •  Home prices have biggest annual gain since 2006  •  Growth continues for engineered wood  •  Tight inventory slows housing boom  •  Single women emerge as key buyer block  •  Tighter rules for EU mortgagelending  •  Builders target elderly homeowners for tear-downs  •  Builders cater to overseas buyers  •  Vacation homes rebound  •  Business & economy: Fake tweet wiped out $136 billion  •  Wealthiest gain, remainder lose post-recession  •  Factory activity slows  •  More jobs shift to suburbs  •  Women leave workforce in record numbers.


Updates

THE LATEST DAILY5, from Wednesday, May 22

 

 Best Practices  Wednesday, May 22, 2013
As You See It: How Do We Pay This Designer?
As You See It: How Do We Pay This Designer?

This remodeler wants to partner with a skilled interior designer, but the devil is in the compensation details. What's your advice?

Read More       9 comments

 Answers  Wednesday, May 22, 2013
A Good Time to Raise Prices?
A Good Time to Raise Prices?

Remodelers report that they can barely keep up with demand. Is this your cue to raise prices?

Read More       6 comments

 Innovations  Wednesday, May 22, 2013
Video Close-Up: Timelapse Remodeling
Video Close-Up: Timelapse Remodeling

A renovation in a minute, captured one still photo at a time. Timelapse videos reveal the entire remodeling process, from start to finish.

Read More       1 comment

 Snapshots  Wednesday, May 22, 2013
Industry Snapshots: the d5R Dish
Industry Snapshots: the d5R Dish

Ready to mobilize in Oklahoma. And from NARI: a full-service remodeling partnership, dozens of free webinars, member discounts, chapter events.

Read More      

 Benchmarks  Wednesday, May 22, 2013
The d5R Index: 5.22.13
The d5R Index: 5.22.13

Remodelers report skilled labor shortages, to varying regional degrees. Housing permits surged in April, driven by multifamily. Home prices to rise 3.9% annually through 2017.

Read More      

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