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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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Friday, May 24, 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 23

 

 Best Practices  Wednesday, May 23, 2012
Real Remodeling Challenges, Real Remodeling Solutions
Real Remodeling Challenges, Real Remodeling Solutions

Forget about Facebook's IPO. Let's talk about getting good leads and other day-to-day remodeling business challenges. Seven industry leaders share what they're hearing now -- and what they're advising.

Read More       4 comments

 Answers  Wednesday, May 23, 2012
Permits Are for Suckers
Permits Are for Suckers

Really, is permitting worth the hassle? "Most projects are being done without permits.... If they can do the project without a Dumpster they skip the permit."

Read More       8 comments

 Benchmarks  Wednesday, May 23, 2012
The d5R Index: 5.23.12
The d5R Index: 5.23.12

Caregiving boomers, the long-term housing recovery, the international skills shortage, an uptick -- relatively speaking -- in economic confidence.

Read More      

 Innovations  Wednesday, May 23, 2012
Mind(ful) Your Own Business
Mind(ful) Your Own Business

From a Google engineer, the conviction that intensely hard work, superior technical skills and high I.Q.s can only go so far in the workplace. Emotional intelligence is where it's at.

Read More      

 Snapshots  Wednesday, May 16, 2012
Industry Snapshots: the d5R Dish
Industry Snapshots: the d5R Dish

Remodelers say they're busy -- but 'busy' is different than it used to be. How to capture new leads and resuscitate old leads. Is it a good time to buy another company?

Read More      

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