Earlier this month, Ed Hudson, Home Innovation’s Director of Marketing Research, presented “Changing Preferences for Building Products in a Post-COVID Market” at NAHB’s Leading Suppliers Council Connections meeting. He covered a wide range of findings and trends based on his analysis of long-term building products trend data, and the findings of recent national studies on buying habits of builders and households.
Ed’s presentation showed how changing preferences for building methods and materials are being driven by demographics, the tight labor market, supply chain disruptions, and changing consumer preferences leading up to, and beyond, the COVID-19 pandemic. The presentation also addressed COVID’s impact on the advance of off-site construction and other approaches to speed up construction; lumber conservation methods; steps towards more defined spaces within homes; supply chain disruptions of some products and the advance of some alternatives; and continued advances in improving the energy performance of homes.
Source: Home Innovation’s Annual Builder Practices Survey; part of “Changing Preferences for Building Products in a Post-COVID Market.”
Some of the findings shared during the presentation included:
Source: Home Innovation’s Annual Builder Practices Survey; part of “Changing Preferences for Building Products in a Post-COVID Market.”
This is just a small sample of the findings presented, and those were just a small sample of all the data gathered by Home Innovation’s market research team over the last year. If you’re interested in more detail on any of these topics or others, or if you’d like Ed to present his analysis of data specific to your particular market, get in touch.
The market for building products is still in high gear, and with supply chain issues continuing to cause uncertainty, it’s important for manufacturers and suppliers to continue to monitor the markets for new opportunities and threats. If you are seeking to better understand the dynamics and direction of the markets for your building products and services, reach out today to discuss how Home Innovation’s seasoned team of market research pros can help.