You are on page 1of 68

G D P O N T H E M OV E P RO D U C T G U I D E IBS 2024

A Zonda economic analysis 29 new building Our editors choose


shows a Southeast shift products to consider their can’t-miss sessions

SELLING SEASON

Demographics, interest rate


relief put a seasonal spring
in builders’ steps

Q1 2024
VYCOR enV-S ® TM

Premium Weather Resistive Barrier

Protecting Homes &


Reputations for Over 40 Years
Breathable • Self-Adhered • Nail Sealable • White, Translucent Membrane

As seen on This Old House®


© Copyright 2023 GCP Applied Technologies Inc. All rights reserved. Image Credit: Sweenor Builders
Our products
build strong homes.
Our people build
strong relationships.

©2024 Simpson Strong-Tie Company Inc. M-B-BUILDER22

As a production homebuilder, you already know Simpson Strong-Tie as a reliable partner


in residential construction. But our connections go beyond the products we make. Our people
can help to extend and reinforce your network of architects and engineers, suppliers, building
inspectors and others, strengthening your own industry partnerships. Along with Builder Solutions
like software, service, training and technical support, our nationwide distributors ensure that
products are available when and where you need them. It all adds up to greater efficiency,
so you can build homes and close sales faster and easier.
Get homebuilding solutions tailored for your business. To learn more, visit our website at
go.strongtie.com/buildersolutions or call (800) 999-5099.

Builder Solutions | Products, Software and Service for Smarter Building


YOUR PROJECT
IS OUR PRIORITY
Our showrooms are designed to inspire, with bath,
kitchen and lighting choices from top brands curated in
beautiful, hands-on displays. From product selection to
delivery coordination, an industry expert will be there to
support your project every step of the way.

ferguson.com/build
Contents
Q1 2024

featuring

29 products
you’ll find
at IBS

FEATURES
30 Seasonal Optimism
Read why builders are feeling
good about the 2024 spring
selling season. Plus, experts
share their latest sales and
marketing strategies.
By Vincent Salandro

47 Annual Product Guide


Find the latest offerings across
five building product categories.
By Leah Draffen, Vincent
Salandro, and Symone Strong

DEPARTMENTS
7 Pulse 22 Trends
14 Economics 26 Projects:
18 Technology Built to Live

20 Development 64 Parting Plan

ONLINE 24/7 Visit us at builderonline.com for the latest home building industry news. Cover illustration: Traci Daberko; Above: Paulina Sara Design/Creative Market

Volume 47, number 1. Builder (ISSN 0744-1193; USPS 370-600) is published quarterly by Zonda Media, 4000 MacArthur Blvd Ste 400 Newport Beach, CA 92660-2543, and printed in the USA.
Copyright 2024 by Zonda Media, a Delaware corporation. Reproduction in whole or in part prohibited without written authorization. Single-copy price: $8.00. Periodicals postage paid at Newport Beach, CA,
and at additional mailing offices. Postmaster: Send address changes to Builder, P.O. Box 3494, Northbrook, IL 60065-9831. Member: American Business Media

B U I L D E R O N L I N E .C O M Q 1 2 0 24 BUILDER 3
Christine Serlin, editor
Leah Draffen, associate editor
Vincent Salandro, associate editor
Symone Strong, associate editor

Carolyn Sewell, design director


Alice Ashe, art director

published by zonda media privacy of mailing list Mark Cullum


strategic account director, california
Jeff Meyers, Sometimes we share our subscriber mailing list with
847-778-9870
chief executive officer reputable companies we think you’ll find interesting.
mcullum@zondahome.com
Melissa Billiter, However, if you do not wish to be included, please call us at
chief financial officer 888-269-8410.
Maribeth Graham
Andrew Reid, Canada Post Registration #40612608/G.S.T. number:
strategic account director, mid-atlantic
chief operating officer R-120931738.
419-265-2174
Mia Vallo,
mgraham@zondahome.com
executive vice president/
canadian return address
general manager, media
IMEX, P.O. Box 25542, London, Mark Rosenbaum
Steve Ladurantaye,
ON N6C 6B2 strategic account director, northeast
vice president,
312-802-7002
residential content
mrosenbaum@zondahome.com
Amy Dudley, postmaster
chief sales officer
Send address changes to Builder, Doug Schirle
Tim Sullivan,
P.O. Box 3494, Northbrook, IL 60065 strategic account director, northwest
chief advisory officer
415-515-9173
Kurt Nelson,
group vice president, subscription inquiries and dschirle@zondahome.com
talent strategy back issue orders
Ryan Sneltzer
888-269-8410
strategic account director, midwest
editorial and advertising offices builder@omeda.com
330-904-6177
4000 MacArthur Blvd Ste 400 rsneltzer@zondahome.com
Newport Beach, CA 92660-2543 to order reprints
Phone: 866-846-0282 Wright’s Media Steve Van Kirk
877-652-5295 strategic account director, southwest
480-277-5422
subscription inquiries and zonda@wrightsmedia.com
svankirk@zondahome.com
back issue orders
888-269-8410 or email: builder@omeda.com advertising sales Cathy Whelan
Paul Tourbaf strategic account director, midwest
circulation customer service executive vice president 708-466-6083
847-778-9863 cwhelan@zondahome.com
zonda.omeda.com/bldr
ptourbaf@zondahome.com
Patrick Zazzara
list rental John Tatusko strategic account director, southeast
The Information Refinery, Brian Clotworthy, vice president 571-488-5324
800-529-9020; brian@inforefinery.com 617-359-8619 pzazzara@zondahome.com
jtatusko@zondahome.com

BUILDER occasionally will write about companies in which its parent organization, Zonda Media, a Delaware corporation, has an investment interest.
When it does, the magazine will fully disclose that relationship.
WHEN YOU’RE BUILDING TO THE CODE,
IT’S A DIFFERENT WORLD ENTIRELY.
We make the right products to do the right job, the right way, the first time. No matter what the
region or climate, you can count on ZIP System™ building enclosures to streamline the performance of your air, water and thermal VISIT US AT IBS 2024

barriers for structural assemblies. Is your project Built to the ZIP Code ? See why others have made the switch at ZIPSystem.com. BOOTH #C3320

#BuiltToTheZIPCode © 2024 Huber Engineered Woods LLC. ZIP System, the accompanying ZIP System logo and design are trademarks of Huber Engineered Woods LLC.
Huber Engineered Woods’ ZIP System® products are covered by various patents. Please see ZIPSystem.com/Patents for details. HUB 28440 12/23.
THE PRODUCTS TO The industry’s greatest collection of building product brands is
DO EVERYTHING. bringing the full potential of every space to life, inside and out. See
THE POWER TO DO it all come together in our space at the International Builders’ Show.
EVEN MORE. Visit us at Booth C3819.

© 2024 Westlake Royal Building Products WestlakeRoyalBuildingProducts.com

SIDING & ACCESSORIES TRIM & MOULDINGS ROOFING STONE WINDOWS OUTDOOR LIVING
PULSE b y B U IL D ER S T A FF

IBS 2024: Staff Picks for


Must-Attend Sessions
the nahb international builders’ show returns to the
Las Vegas Convention Center, Feb. 27 to 29. In advance of the
show, BUILDER editors perused the agenda and selected several
must-attend sessions to add to your daily event schedule. For the full
agenda and list of speakers, visit buildersshow.com.

Now’s the Time for Small & Mid-Sized Builders to


Capitalize on Built-for-Rent
Tuesday, Feb. 27 | 8:30 – 9:30 AM
West 318

15 Secrets to Sales & Marketing Success In A


Challenging Market
Tuesday, Feb. 27 | 10:15 – 11:15 AM BUILDER’s parent The Rally: An Immersive Journey Into
the Future of New Home Sales
West 318 company Zonda
Wednesday, Feb. 28 | 1:30 – 3:30 PM
How to Avoid the Never-Ending Punch List &
will provide the IBS Spotlight Room • West 326
Get the Job Closed latest in
Punch List: 30 Innovations in the
Tuesday, Feb. 27 | 12:15 – 1:15 PM residential
Built Environment—Connecting
West 304 construction intel People, Product & Place
The Outlook: Housing Trends, Forecasts & Insights for 2024 during the show. Wednesday, Feb. 28 | 2:00 – 3:00 PM
Tuesday, Feb. 27 | 1:30 – 3:30 PM Stop by IBS Learning Lab • West 232
IBS Spotlight Room • West 326 Booth 3043 in 10 Common Floor Plan Design
Bigger is Not Better: Functional Floor Plans That Make the the West Hall to Mistakes & How to Fix Them
Most of Every Square Foot catch one of the Thursday, Feb. 29 | 8:30 – 9:30 AM
Tuesday, Feb. 27 | 2:00 – 3:00 PM presentations West 217
West 224
on housing data The Experience: Creating a VIP Total
Future-Proof: How Top Builders Are Adjusting to Take Ad- and trends. Customer Experience
vantage of New Energy Codes, Energy Programs & Incentives Thursday, Feb. 29 | 8:30 – 10:30 AM
Tuesday, Feb. 27 | 4:00 – 5:00 PM IBS Spotlight Room • West 326
West 229
12 Strategies for Mastering Negotiation
The Blueprint: The Battle Royale & 60 in 60 Inspire Your in an Unpredictable Market
Designs for 2024 Thursday, Feb. 29 | 10:15 – 11:15 AM
Wednesday, Feb. 28 | 8:30 – 10:30 AM West 315
IBS Spotlight Room • West 326
What Nuclear Submarines Taught Me
10 Practical Ways A.I. Can Help Home Builders About Home Building
Wednesday, Feb. 28 | 10:15 – 11:15 AM Thursday, Feb. 29 | 10:15 – 11:15 AM
West 318 West 207
Courtesy Zonda

Unlocking Gen Z: 5 Steps to Attract, Connect & Retain Real-World Strategies to Attract &
the Future Workforce Retain Top Construction Talent
Wednesday, Feb. 28 | 10:15 – 11:15 AM Thursday, Feb. 29 | 10:15 – 11:15 AM
West 220 West 204

B U I L D E R O N L I N E .C O M Q 1 2 0 24 ⚫ BUILDER 7
PULSE

IBS 2024: How to Navigate the


Largest Exhibit Floor in 15 Years
lace up your sneakers and get ready to explore the lar-
gest International Builders’ Show (IBS) floor in 15 years. Span-
ning nearly 675,000 net square feet of floor space, this year’s
show, Feb. 27 to 29 in Las Vegas, welcomes a host of over 1,700
exhibiting companies, 45% of which are new to IBS.
Approaching the many halls, maps, and arrows, the show
can be overwhelming to navigate. To get an insider look at this
year’s show, BUILDER tapped Geoff Cassidy, NAHB chief
revenue officer. Read his pointers on how to get the most out
of the show.

How have the floor plans for IBS changed over the years?
Beyond the onset of the co-location of IBS with the Kitchen & What’s your best advice for getting the
Bath Industry Show (KBIS) in 2014 (collectively called Design & most out of the show?
Construction Week or DCW), for the first time in the 80-year Do not expect to do and see it all. Instead,
history of IBS, NAHB has segmented the exhibit floor into six set priorities and a goal for each day of the
broad product/service categories (Product Segmentation). DCW show. Create a daily plan based on exhibi-
became so large that it was becoming increasingly difficult for tors, education sessions, networking, and
attendees to find what they needed and to compare suppliers of social events, etc., you want to see and at-
similar products. Segmentation solves that. tend. Do this all before landing in Vegas,
and revisit and adjust the plan each night
How are exhibitors laid out across the halls? before heading to the show each morning.
The IBS exhibits that are inside the Las Vegas Convention Center Stick to the plan to achieve your daily goals.
are divided into six segments:
Schedule your time with your main priori-
Central Hall: ties in mind first but leave time for all the
• Building Materials other areas of the show. You may spend
most of your day in IBS education ses-
West Hall: sions, but leave an hour to walk the show
• Interior Finishings & Home Living floor, visit the IBS Store to stock your book-
• Business Management & Professional Services shelf, connect with niche peers and ex-
• Global Products perts in Centrals, and network during the
evening special events.
South Hall (Upper Level):
• Construction Tools, Systems, Equipment & Safety In addition to comfortable shoes,
• Outdoor Living, Leisure & Modular Structures what’s your top tip?
Be present and enjoy the experience. It’s
IBS also has exhibits outside in Silver Parking Lot 1 that are not hard to leave work or your business for three-
Nick Hagen Photography

segmented. A more detailed list of the product/service categories plus days, but the show is your opportunity
contained within each segment is available at buildersshow.com. to better yourself and your business/compa-
ny. Take it all in while you have the chance.
The KBIS exhibits are in the North Hall, downstairs in South, Silver Then, bring the information, knowledge,
Parking Lot 3, and part of West Hall. IBS registrants have compli- contacts, and insights back to your business
mentary access to the KBIS exhibits. when you get home.—leah draffen

“You have to be a great communicator in this business ... it’s about really
communicating with your team.” —liesel cooper , century communities
listen to zonda’s “inspirational leadership” podcast, hosted by principal mollie carmichael

8 BUILDER ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
Build with Samsung

A brand that stands out


with service that stands up
Samsung features award-winning design and
innovative technology for every builder, developer,
budget and project. Samsung tailors packages that
are designed to stand out, while our Builder Support
Team is backed by technical support, digital solutions
and peace-of-mind warranty options that ensure
you’ll have the support you need, whenever you need it.

© 2024 Samsung Electronics America, All Rights Reserved. samsungbuilder.com


PULSE

Meet the Nation’s Newest


Publicly Traded Builder
after beginning the initial public offering (IPO) process
in September, Smith Douglas Homes has made its debut
on the New York Stock Exchange under the symbol
SDHC. The newly public builder announced pricing of its
IPO of 7,692,308 shares of stock at $21 per share.
With the Smith Douglas Homes joining the ranks as
the newest public builder, here are three things to know
about the Atlanta-based company.

Sekisui House Buys M.D.C. TOP 40 BUILDER


Smith Douglas Homes closed 2,200 homes in 2022

Holdings for $4.9 Billion and ranked 38th on the 2023 BUILDER 100 list. The
builder has experienced significant growth since 2014,
when it ranked No. 83 with 472 closings. The builder
sekisui house and m.d.c. holdings—no. 11 on the 2023
operates in seven markets spread across five states:
Builder 100—announced a definitive agreement in which the
Atlanta; Birmingham and Huntsville, Alabama;
wholly owned subsidiary of Sekisui House will acquire MDC for
Charlotte and Raleigh, North Carolina; Nashville,
$4.9 billion.
Tennessee; and Houston.
Sekisui House will become the nation’s fifth largest home
builder, based on the number of houses closed in 2022, and ex-
pands its presence to 15,067 combined home closings across 16 RECENT E XPANSION
states. The acquisition also helps Sekisui House to achieve its In August just ahead of beginning the IPO process, Smith
target of supplying 10,000 homes outside of Japan by 2025, Douglas Homes acquired Texas-based Devon Street
sooner than anticipated. Homes. The acquisition marked Smith Douglas Homes’
“This exciting acquisition of MDC represents a significant ad- initial entry into the Texas market.
vancement of the Sekisui House strategy to expand our U.S. pres-
ence and bring the value of our technology, innovation, and W O R K P L A C E C U LT U R E
philosophies to U.S. home building and ultimately to our custom- The home builder is Certified by Great Place to Work in
ers,” states Yoshihiro Nakai, representative director of the board 2023. The award is based on what current employees
president, executive officer, and CEO of Sekisui House. say about their experience working at Smith Douglas
Through the transaction, MDC will accelerate Sekisui House's Homes. In 2023, 94% of employees said Smith Doug-
global vision to “make home the happiest place in the world” by las Homes is a great place to work, 37 percentage
joining brands Woodside Homes, Holt Homes, Chesmar Homes, points higher than the average U.S. company at 57%,
and Hubble Homes. By leveraging Sekisui House technologies and according to Great Place to Work. As part of the survey,
building practices cultivated in Japan, MDC expects to deliver 97% of employees indicated they are proud to tell oth-
high-quality houses that enhance its position in the key states in ers they work for the company.—builder staff
which it operates. Closing of the acquisition is expected in the first
half of 2024.—symone strong

M&A ACTIVITY HEATS UP AT START OF THE YEAR


In addition to Sekisui House’s blockbuster acquisition of M.D.C. Holdings, M&A activity ramped up in January.
Read more about these deals at builderonline.com.

CASTLEROCK COMMUNITIES, CENTURY COMMUNITIES has LANDSEA HOMES continued its UNITED HOMES GROUP expanded
a subsidiary of Daiwa House, acquired Landmark Homes of Texas expansion by entering a in Myrtle Beach, South Carolina,
has entered Tennessee with Tennessee, increasing its definitive agreement to acquire by buying the home building
Adobe Stock

the acquisition of The Jones offerings in the Nashville Dallas-Fort Worth-based business and assets of
Company of Tennessee. housing market. Antares Homes. Creekside Custom Homes.

10 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
MAKE IT ALL MATCH!
Better Home Products makes it easy to MAKE IT ALL MATCH throughout
your home, not only by finish type, but also by matching shape design!

STINSON BEACH COLLECTION

STINSON BEACH CABINET PULL

VAN NESS
STINSON BEACH FAUCET HANDLESET

PASSAGE PRIVACY ENTRY


Available
Finishes:

PARK PRESIDIO TOWEL BAR PARK PRESIDIO PAPER HOLDER PARK PRESIDIO TOWEL RING  Chrome

 Satin Nickel

 Satin Brass

 Dark Bronze
SHOWER SET 4" CC FAUCET WIDESPREAD FAUCET
 Matte Black

www.betterhomeproducts.com
www.betterhomeproducts.com
PULSE

Digs Raises $7 Million “We’re excited to


partner [with a
at Deepwater. “We’re excited to partner again with
Fink and team who are using AI to solve real pain
for ‘Digital Twins’ company that is]
points that millions feel every day, whether you’re a
builder or a homeowner.”
a startup that creates digital replicas of homes using AI to solve Digs has added technology executive Jef Holove as
and helps owners manage all their documentation in real pain points chief operating officer. Holove has held senior roles in
one place raised $7 million in seed financing. that millions feel several consumer companies, the most recent being
“Digs is an AI collaboration platform for builders every day, CEO of Drop, an e-commerce marketplace.
that automatically organizes documents, enhances col- “The platform’s focus on the homeowner’s experi-
whether you’re
laboration, and enables intuitive visualizations for ence, a largely unaddressed area in construction tech-
builder teams, their subcontractors, and the homeown-
a builder or a nology, sets it apart in a market ripe for improvement.
er,” CEO and co-founder Ryan Fink said. “At the end, homeowner.” We believe Digs is not just an investment in a product
the builder can hand off a comprehensive and search- but an investment in the future of how homes are built
able ‘digital twin’ of the home so all those details can be and maintained,” commented Deepthi Madhava, a
accessible for the life of the home.” partner at OVF.
Digs said it will use the money to build out its execu- After individually going through the home build
tive team, accelerate the company’s rollout plans, and process, Digs’ founders both experienced a pain point
help finance the launch of a digital marketplace. many home buyers frequently face—they knew little
The $7 million seed round, led by Oregon Venture information about their brand-new homes.
Fund (OVF) and Legacy Capital Ventures, includes With one founder being a former home builder and
follow-on participation from investors in the prior $7 both possessing backgrounds in developing easy-to-use
million pre-seed round. Notable contributors include customer-centered technology, the duo set out to create
Fuse, Flying Fish, Betaworks, PSF, and Cascade Seed a scalable solution for homeowners while solving a com-
Fund, as well as additional investment from Deepwa- mon data consolidation problem for builders.
ter Asset Management. The AI-enriched file management and modern col-
Digs’ platform serves users in all 50 states and Can- laboration enable builders to work more efficiently and
ada, spanning builders, suppliers, contractors, and easily hand off each home’s information to homeowners
homeowners. Transitioning from beta to full availability in a highly organized and interactive digital copy.
in under a year, it hosts diverse projects, from boutique Users can drop files onto a space on a floor plan en-
builders to national developers, representing over $3 abling spatially associated selections for each room.
billion in home value on the platform. Additionally, users can store files, and Digs will associ-
“Digs is taking how we build and own a home to ate them with the correct room (e.g., bathroom #1) on
the next level,” said Gene Munster, managing partner the floor plan.—steve ladurantaye

OSHA Announces Higher Penalties for 2024 Safety Violations


the department of labor announced flation that cooled significantly over the 3,213 violations
changes to the Occupational Safety and course of 2023. • Ladders: 2,978 violations
Health Administration’s (OSHA) civil penalty The penalty adjustments are part of OSHA’s • Scaffolding: 2,859 violations
amounts, meaning safety violations on adherence to the 2015 Federal Civil Penalties • Powered Industrial Trucks:
jobsites will be more expensive in 2024. Inflation Adjustment Act Improvements Act, 2,561 violations
OSHA’s maximum penalties for serious and which requires federal agencies to publish • Lockout/Tagout: 2,554 violations
other-than-serious violations will increase to “catch-up” rules that adjust penalties for • Respiratory Protection:
$16,131 per violation from $15,625. The inflation on an annual basis. 2,481 violations
maximum penalty for willful or repeated viola- Many of OSHA’s most-cited jobsite safety • Fall Protection–Training Requirements:
tions will increase to $161,323 per violation violations are common occurrences in the 2,112 violations
from $156,259 in 2023. residential construction sector. The top OSHA • Personal Protective and Lifesaving
The increase of 3.2% from 2023 values is violations for fiscal year 2023 included: Equipment–Eye and Face Protection:
• Fall Protection–General Requirements:
Adobe Stock

significantly lower than the 7.7% cost-of- 2,074 violations


living increase OSHA enacted from 2022 to 7,271 violations • Machine Guarding: 1,644 violations
2023. The smaller annual increase reflects in- • Hazard Communication (chemicals): —builder staff

12 B U I L D E R ⚫ Q 1 2 0 24
TRADITIONAL LOOK,
SUPERIOR PERFORMANCE
AZEK Bevel Siding perfectly mimics the beautiful look of classic painted cedar siding yet delivers superior durability and
long life. Unlike wood or fiber cement, Bevel’s engineered polymer delivers exceptional moisture resistance. You’ll get
no deterioration from water absorption. Enhanced with AZEK’s exclusive PaintPro® technology, when you paint Bevel
Siding the paint will adhere strongly and endure beautifully without the worry of frequent repainting or maintenance.

XT E R I
K E SS A RATE
®
OR
ZE LA
NEW BEVEL SIDING.
C

D
A

LIFETIME FAMILIAR AZEK QUALITY.


LIMITED
FL

GET A FREE SAMPLE.


X
DE

M
A

WA E
SPREAD I
N
RRANTY

ROT RESISTANT | MOISTURE RESISTANT | SUPERIOR PAINT ADHESION | LOW MAINTENANCE


ECONOMICS

GDP Dynamics
An analysis into growth by state and metro shows the effect
of the shift of economic activity to the Southeast.

b y A L I WOL F, Z O N DA C H I E F E C O N OM I S T

G
ross domestic product, or gdp, is the broadest measure Top 5 States by Share of Total U.S. GDP
of overall economic growth. Nationally, GDP growth of 2%
to 3% is generally considered healthy, and that’s what we are
seeing in the United States today. The GDPNow measure from 2018 Top 5 % of GDP 2022 Top 5 % of GDP

the Atlanta Federal Reserve estimates that the economy is grow- California 14.2% California 14.6%
ing at a 2% pace.
While GDP is typically discussed on a national level, we can Texas 8.7% Texas 8.9%
also drill this data down by state and metro. In doing so, we can
see which areas are the most impactful to the U.S. economy and New York 8.3% New York 8.1%
which ones are growing or contracting. The chart at right shows
the top five states by share of total GDP. Florida 5.2% Florida 5.6%

Illinois 4.2% Illinois 4.0%


Note from the data:
• The top five states represent more than 40% of the U.S. econ- Source: BEA; Zonda
omy. The latest data shows the top five states account for 41.2%
of the economy, up slightly from 40.6% in 2018.

• GDP share and population go hand in hand. The top four states When drilling into the metro-level
for GDP share align with the top four for population. Illinois economic growth data, we see some of
ranks sixth for population (behind Pennsylvania) but ranks fifth the shifts we’d expect. Prior to the pan-
for GDP share. demic, California had two metros in the
top 10 for annual growth. The latest data
• California is still an economic powerhouse. Despite some shows none. Seattle was also in the top
high-profile corporate relocations from the state and some out- 10 but has been bumped off the list.
bound migration, California actually gained share as a percent Note, although some of California’s
of total U.S. GDP since 2018. Texas and Florida have also gained metropolitan areas have hit a rocky
share over the same period. patch in terms of growth (i.e., San Fran-
cisco and San Jose), the rest of the state
• New York and Illinois lost share. The declines correspond with still performed relatively well, with San
migration out of colder, slower-growth regions (Midwest, North- Diego, Sacramento, Los Angeles/Orange
east) toward the warmer and faster-growing economies of County, and Riverside all posting eco-
the Southeast. nomic gains. Thus, although San Jose

14 B U I L D E R  Q 1 2 0 24 B U I L D E R O N L I N E .C O M
Everlife
WATERPROOF FLOORING

LUXURY VINYL • HYBRID RIGID CORE • WATERPROOF WOOD • PORCELAIN & NATURAL STONE TILE • LUXURY GENUINE HARDWOOD
HARDSCAPING • QUARTZ & NATURAL STONE COUNTERTOPS
ECONOMICS

and Dallas. The affordability crunch has


slowed the housing market, but the eco-
nomic impact of Texas can’t be denied.

FLORIDA’S APPEAL EXPANDS WELL


BEYOND RETIREES
Similar to Texas, Florida is seeing a popula-
tion boom. Florida has often been seen as a
retirement destination—and it still is— but,
increasingly, other factors are bringing res-
idents into the state. As with Texas, Florida
has seen large growth in companies relocat-
ing to the state, including the investment
firm Citadel founded by billionaire Ken
Griffin. Florida was also ranked in the top
10 (No. 8) by CNBC in its best states for
business rankings. Similar to Texas, there is
no state individual income tax.
Florida has also been a victim of its
own success as housing has become in-
creasingly unaffordable. Many top desti-
Florida came in the strongest, nations in Florida (Cape Coral, Tampa,
and Orlando) are some of the most unaf-
with four metropolitan areas fordable in the nation.
in the top 10 in the United States.
SHRINKING METROS AND STATES
While select markets in the Southeast are
growing, some metros are losing steam.
Some of the largest losers in terms of GDP
for 2022 on a metropolitan level were Ba-
kersfield, California (-3.3%); Stockton,
and San Francisco have lost steam, the state still gained share California (-2.2%); and Tulsa, Oklahoma
since 2018. (-2.2%). As we mentioned, California is
In the most recent data, Texas and Florida’s relative strength still a state economic power, but it has
is apparent. For example, Austin took the top spot, and Dallas been experiencing more uneven growth.
came in fifth. Florida, though, came in the strongest, with four At the state level, the three states that
metropolitan areas in the top 10. This shows the shift of eco- lost the most GDP share between 2018 and
nomic activity to the Southeast that has happened over the last 2022 were Illinois (-0.3 percentage points),
several years. Pennsylvania (-0.2 percentage points), and
New York (-0.2 percentage points).
EVERYTHING IS BIGGER IN TEXAS
(AND IT KEEPS GROWING) KEY TAKEAWAYS
Texas is benefiting from numerous strong drivers of economic Many of the shifts are in response to the
growth. The main one is strong domestic migration to the state pandemic and the change in where and
from more costly areas such as California. The population reloca- how people work. People have been willing
tion is also driving businesses to the state. Since 2020, 139 firms to relocate to areas with more space and a
have relocated their headquarters to Texas, with 40% of these relatively low cost of living.
firms originating in California. This is attributable to Texas’ As areas like Florida and Texas contin-
pro-business climate, featuring in the top 10 (No. 6) of CNBC’s ue to grow, however, they will have to work
latest best states for business rankings. Texas also has no corpo- to maintain affordability while still at-
rate income tax or state individual income tax, which gives further tracting residents. So far, many growing
incentives for companies and people to relocate to the state. states have been able to navigate afford-
Texas has traditionally been viewed as an affordable market ability challenges effectively, but further
Adobe Stock

with relative bang for the buck for housing. However, as with other economic and population gains will con-
growing areas, affordability has become an issue, especially in tinue to bring tension between affordabil-
high-demand and in-migration metropolitan areas like Austin ity and growth. B

16 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
On schedule.
On budget.
On Buildertrend.
Go from chaos to control when you manage it all – sales,
projects, financials – all in one place.

Improve your entire business with new features and partnerships,


including Buildertrend Wallet, Buildertrend Purchasing and CBUSA.

Scan the QR code to schedule


a demo and learn more.
TECHNOLOGY

We are constantly looking for ways to evolve


the customer journey and to stay ahead of
trends in consumer preferences. Knowing
that building a new home is complex, with
multiple touch points along the way, we
wanted to streamline the process. For in-
stance, our customers communicate with
multiple members of the Tri Pointe team
throughout their home buying journey. The
Tri Pointe Homes Homebuyer App simpli-
fies this by serving as a centralized hub and
“singular clearinghouse” for communica-
tion, progress updates, and scheduling. The
application capabilities ease the flow of
emails, phone calls, and texts, and provide
a valuable library of photos, needed docu-
mentation, and relevant guides that inform
and educate home buyers.

What is the value of having a customer


experience platform, and how does this
help set the company apart?

Today’s consumers rely on mobile applica-


tions for everything from banking and
shopping to scheduling and communica-

Elevated Experience tion. Providing our customers with a user-


friendly and easily accessible platform to
stay up to date with their new home pur-
Tri Pointe Homes unveils an app that provides chase, which is one of the largest transac-
tions in life, is a huge benefit. With the Tri
buyers with streamlined communication Pointe Homes Homebuyer App, home
from contract signing to closing. buyers can check build status and time-
lines as well as keep track of upcoming
appointments within an easy-to-use plat-
b y V I N C E N T S A L A N D RO form. By its very nature, home building
generates hundreds of questions. Whether
those questions relate to scheduling, time-

T
ri pointe homes launched a proprietary customer ex- lines, aesthetics, home financing, inspec-
perience and communication app across its markets in Janu- tions, or progress, every question is
ary. Touted as the first such platform launched by a national important to both the home buyer and the
home builder, the Tri Pointe Homes Homebuyer App aims to keep builder. The Homebuyer App instantly
buyers engaged through automated updates on the build process answers those questions. The user-friendly
and digital organization of documents and appointments. platform provides a series of easily accessi-
The app, available to all buyers after signing a purchase con- ble guides and streamlined, direct commu-
tract, is part of the builder’s efforts to streamline communication nication with our team. Moreover, we saw
with the buyer. Linda Mamet, chief marketing officer at Tri Pointe enthusiastic adoption of the app during the
Homes, spoke with BUILDER to discuss the origin of the app, the early testing cycle. B
TRI POINTE HOMES

functionality, and the potential impact of the new platform.

What gap did the company see that they felt the Tri Pointe Homes LEARN MORE
Homebuyer App could address? Visit builderonline.com for the full Q&A.

18 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
Metal by

Benders
FSXS FS2DL

FSXC
FS2F150 FS1DL

FS1W165

Malco’s Metal Benders.


The latest in a long line of
#DamnGoodTools™
Metal Benders by Malco will quickly become your jobsite go-to.
Durable, precise, and versatile, Malco’s modular metal benders are
built for tough bending brilliance on metal roofing. Customizable to
each jobsite, your one or two station set-ups allow you to get the
job done quickly and efficiently.

Malco Tools, Inc. • Annandale, MN • www.malcotools.com • ©2024


DEVELOPMENT

interior layout and style is very important for homes


in master plans. Builder packages will help stream-
line sales and factors, including light, entertainment,
and indoor/outdoor living, should all be considered
when designing and implementing floor plans.
#2. Affordability: It’s no surprise that affordabil-
ity is a factor in today’s market. Carmichael says no-
tax states are attracting buyers, but low HOA fees,
right-sized/priced product, and buydowns will help in
other states. “Based on our research all over the coun-
try, buyers want rates under 5%,” she explains.
#3. Health and Wellness: Likely fueled from the
lingering effects of the pandemic, homeowners are
prioritizing their health and overall wellness, and
they want to see that displayed within their commu-
nities. “The fitness club has really replaced what we
called the old stuffy club,” says Carmichael.
#4. Work Hubs: Building off the fitness club, Car-
michael says a work component to the club is also
important with so many people working remotely. “I
think fitness and that work club experience really
Lakewood became a much, much bigger deal than the old grand
Ranch club with a fireplace and lots of chairs.”
#5. Just Add Water: Whether it’s pools, ponds, or
lagoons, water features add something to a master

Mastering
plan. “I would say in all cases just to add water if you
can,” states Carmichael. “You’re always going to get a
premium to actually be on water. It’s going to really

the Plan
double your value, and things like crystal lagoons, it’s
such a breathtaking experience.”
#6. Giving Back: Solar and energy-efficient features
may be more expensive upfront, but “people are looking
Learn more about which features to your pocketbooks to make up for rising interest rates,

and trends are important to consider higher cost of living, and inflation,” says Carmichael.
“Any time you can give back to the customer with things
when developing a master plan. like solar, energy consumption, is great.”
#7. Modal Variety: Carmichael says modal vari-
ety is such a big deal to her. “It allows your consumer,
b y S Y MON E S T RON G their families, the people that are living within this
community just a lot more choices to get around with-
out jumping into or starting up a car.”

I
n addition to sharing the 10 top-selling #8. Immersive Experiences: Activities like tradi-
master plans of 2023 in a recent webinar, Zonda tional golf have morphed into golf via simulators.
principal Mollie Carmichael also provided 12 “We’re going to see so much of this happening, wheth-
trends she is seeing within those top-performing er it’s retail or hotel experiences,” she says. “I think
communities from coast to coast. you should be thinking about it as you’re designing
Ranging from popular features, such as water ele- your master plans.”
Courtesy Lakewood Ranch

ments and work hubs, to overarching themes, such as #9. Social Programming: On that note, “social
affordability and wellness, the following trends were programming is going to continue to be big.” Car-
essential to driving more sales within the communi- michael refers to these social offerings as club con-
ties and creating value for the people who reside nections and can include games, clubs, events, or
there. Learn more about each below. anything that can bring people together.
#1. Design Matters: According to Carmichael, #10. Digital Playgrounds: When it comes to ame-

20 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
This community has a 300-acre
lake system, featuring an eventual
8-mile blueway.
The 25 Top-Selling Master Plans of 2023

Rank Master Plan State Rank Master Plan State

1 The Villages FL The No. 1 14 Cane Bay Plantation SC


master plan
2 Lakewood Ranch FL of 2023 has Santa Rita
15 TX
music and Ranch
3 Sunterra TX dancing
every day 16 Silverado TX
at 3 p.m.
4 Summerlin NV
17 Mirada Fl
5 Bridgeland TX
18 Ave Maria FL
6 Ontario Ranch CA
19 Baytown Crossings TX
7 Cadence NV
Summerlin 20 Tradition FL
8 Babcock Ranch FL has been
developing Great Park
for more 21 CA
9 Silverleaf FL Neighborhoods
than three
decades.
10 Wellen Park FL 22 Viera FL

11 Mission Ridge TX 23 Sienna TX

12 Marvida TX 24 Nocatee FL

13 Folsom Ranch CA 25 Inspirada NV

As of January 2024
Source: Zonda

The land of Wellen Great Park has designed a wildlife corridor


Park once was used that helps animals get from place to
for ranching and place without interruption.
growing citrus.

nities, also be thinking about the digital options. “We engage, creating ambassadors within your communi-
had PokemonGo back in the day. Think about pro- ty to lead the future of those master plans, that never
gramming your parks to one where kids who like gam- goes away despite all the digital stuff.”
ing go outside,” she says. “It can really be something #12. Marketing Strategies: Last, but not least,
fun that you can update regularly.” Carmichael states marketing plays a role in the suc-
#11. In-Person Events: But, don’t forget to bal- cess of a master-planned community. “We’re looking
ance the digital with the in-person events. “I always at how we talk to our customer so much differently
want to underscore there’s nothing that replaces than we did in the past,” she says. “We’ll actually
in-person experiences,” says Carmichael. “Having come back with another webinar specific to this in the
those events in person, coming up with reasons to next month or two.” B

B U I L D E R O N L I N E .C O M Q 1 2 0 24 ⚫ B U I L D E R 21
TRENDS

What’s in Store for 2024?


Get a glimpse of 9 expert-curated, residential trends
that are poised to redefine living spaces this year.

b y S Y MON E S T RON G

A
fter analyzing 2024 single- #1. Wellness Wins: A key theme from
family design predictions—from People are looking both of NKBA’s 2024 bath and kitchen
sources including the National Kitch- for spaces for trends reports was an increased home-
en & Bath Association (NKBA), the Amer- owner focus on wellness. In bathrooms,
ican Society of Interior Designers, Houzz,
amusement and designers are creating spa atmospheres
Taylor Morrison, and Ashton Woods— ‘eatertainment,’ that support relaxation, with 78% report-
BUILDER compiled a list of trends expect- ing a focus on health and wellness as a
ed to transform homes this year.
says the American driving design influence. In kitchens,
The overall takeaway reflects a grow- Society of designs are focused on nutrition and
ing interest to slow down in today’s fast-
Interior Designers. healthy eating, with appliances including
RZ Interiors/Ryan Fung Photography

paced environment. Wellness and comfort more refrigeration space and integrated
are top of mind still, four years after a cooking functions.
pandemic shook the globe. Plus, home- #2. Outdoor Illusion: Homeowners
owners are also prioritizing outdoor con- are looking for more ways to connect with
nections and colors, minimalistic and the outdoors, whether that’s through win-
clutter-free spaces, and personalization. dow openings or natural materials. Houzz
Learn more about each of the trends and reports searches for bedroom window
insights below. seats, living room bay windows, and

22 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
WHERE OUR LIFE’S
WORK CHANGES LIVES
720+ HOMES BUILT OR
REMODELED

$3.4 MILLION IN PRODUCTS AND


RESOURCES DONATED

135 COMMUNITIES
IMPACTED

GRAMMY® Award-winning Trio and


Home for Good project Ambassador

ʗrough our Home for Good project,


Cornerstone Building Brands partners
with Habitat for Humanity and the
Country Music Industry to support
families in need and strengthen
our communities. Whether
we’re donating our products,
volunteering our time to build
homes or using music to inspire
and raise more awareness for
the need for affordable housing,
our Home for Good project is
changing lives – for good.

Learn more at
HomeForGoodproject.com
TRENDS

78% of designers report a


focus on health and wellness
as a driving design influence
for bathrooms, according to
the NKBA.

and personalized approach to luxury.”


#6. Turn to Tech: More and more buy-
ers have started to adopt smart-home tech-
nologies beyond the standard voice
assistants. In the NKBA bathroom report,
32% identified integrated technology as the
biggest change in bath trends over the next
three years, with people enjoying heated
flooring controls, smart mirrors, and smart
toilets. Kitchens are also seeing increased
technology use with connected appliances,
smart lighting, and cleaning assistants.
#7. Personalized Spaces: While to-
day’s buyers definitely enjoy new spaces
and finishes, they also want to personalize
them to their liking, whether it be custom
molding, upcycled accents, or personal-
four-season rooms have all recently increased. Lee Crowder, Tay- ized settings. “Consumers are leaning into
lor Morrison national director of design and model experience, self-expression when decorating their
also says “it’s about choosing colors and materials that evoke the homes,” states Taylor Morrison.
essence of nature in every room.” #8. Entertainment-Focused Gather-
#3. Earthy Colors: Blue and green hues are trending for ing: Four years post-pandemic and peo-
2024. Several paint manufacturers highlighted blue shades as ple are enjoying gathering with friends
their colors of the year, and Houzz’s winter trends report says and family. They are looking for spaces
green is in demand. “We love bold, knockout colors like dark olive for amusement and “eatertainment,” says
greens and moody browns,” says the Ashton Woods team. the American Society of Interior Design-
“Earthy tones help create a comfortable, relaxed environment ers, including open kitchens and covered
with a genuine ‘easy living’ vibe.” outdoor patios. Houzz data reveals search
#4. Secret Storage: While savvy storage has been a top trend increases for “family room with TV over
for the past few years, designers are seeing an increase in secret fireplace,” “living room with built-in en-
or hidden spaces. NKBA reports more than 50% of their kitchen tertainment,” and “small home theater.”
survey respondents are looking for walk-in, butler, and built-in #9. Lots of Lighting: Last, people
pantries for more space and function. Houzz says homeowners want to live in the light. During the day,
are also gravitating toward “home interiors that combine whimsy they want big windows and doors that pro-
with functionality,” including the inclusion of trap doors, hidden vide as much natural light as possible and,
pantries, and speakeasy spaces. at night, various layered artificial lighting
#5. Quiet Luxury: Homeowners are embracing an emerging for different tasks. According to the
Rachel Loewen © Houzz

minimalistic décor style called “quiet luxury.” Taylor Morrison de- NKBA, designers will use multiple layers
signers define it as “the art of subtlety, combining textures, limited of lighting to support different functions.
prints, classic lighting, and natural materials to craft a cohesive yet Ashton Woods adds “under-cabinet ambi-
understated aesthetic.” The American Society of Interior Designers ent lighting creates a soothing, spa-like
also believes consumers are seeking the trend with “a more low-key environment in your home.” B

24 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
BUILT FOR
WHAT’S NEXT
At Cornerstone Building Brands, North America’s largest exterior
building products manufacturer, we’re always searching for ways to
support our customers as they take on the challenges of tomorrow.
But as we know, “tomorrow” is a moving target.
COME VISIT US AT THE
We put our customers at the core of what we do and how we work.
2024 INTERNATIONAL
By doing so, it gives us the opportunity to actively become a better
BUILDERS’ SHOW® partner for them. With a vast portfolio of industry-leading brands
BOOTH C3830 and an expansive coast-to-coast network of 170+ locations, we are
your premier exterior building solutions provider that’s built to serve
for whatever’s to come. And, we’re excited to get started, with you.
Visit us at CornerstoneBuildingBrands.com/IBS
COMMUNITY CENTERS
The pedestrian and
pet-friendly community
includes walkways to each
front door with private
yards on the side.

26 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
PROJECTS

Built
to Live

H
The 191 build-to-rent homes in aving designed more than 140
build-to-rent (BTR) communities
BB Living Harvest were designed throughout the country, national ar-

with community in mind. chitecture firm KTGY worked closely with


BTR developer BB Living and master plan
developer Hillwood Communities on a re-
cent project called BB Living Harvest.
Situated in the larger Harvest master
plan, which encompasses roughly 1,200
story by
acres in Argyle, Texas, BB Living Har-
S Y MON E S T RON G
vest adds the emerging BTR product to
p h o t o g ra p h y b y the community’s residential offerings.
M I X E D M E D I A C R E AT ION S , C OU RT E S Y K T GY Working on a 27.5-acre parcel within

B U I L D E R O N L I N E .C O M Q 1 2 0 24 ⚫ B U I L D E R 27
PROJECTS

the master plan, the KTGY team shaped a


distinctive community of 191 BTR homes
in clusters of six to eight.
“When we started planning this, we
wanted to be interactive with the sur-
roundings but give it its own identity,” says
Chris Texter, principal and board member
at KTGY. “We went into a product type
where the garages are loaded off the al-
leys. So when you go into the community, Plan 1 First Floor Plan 1 Second Floor
you’re experiencing all the front doors and
front porches.”
The result has a green paseo reaching
every front door and greenbelts criss-
crossing the site, creating pedestrian
corridors off the street that lead to open
spaces with outdoor amenities such as
barbecue areas, basketball courts, play-
grounds, and a flex lawn.
In addition to the amenities situated
in BB Living Harvest, residents also en-
joy the perks of living within Harvest,
with access to orchards, trails, pools,
ponds, fitness centers, schools, and life-
style activities.
With the garages off the back of the
homes, the firm had to find a way to in-
corporate some sort of private outdoor
space for each home, a feature that many
renters crave.
“We did all the private yards to the
side of the house, and they butt up
against to the next house,” explains Tex-
ter. “This had significant influence on
our f loor plans. We want to have the
home live to one side and intentionally
have a blank side of the house that my
neighbor lives up against.”
The KTGY team designed several
two-story floor plans differing in size,
from plan one at 1,861 square feet with
three bedrooms and two-and-a-half baths
to plan four at 2,440 square feet with four Site Plan

28 B U I L D E R ⚫ Q 1 2 0 24 B U I L D E R O N L I N E .C O M
OPEN FLOOR PLANS
On the first floor of each home, residents have a
combined kitchen, living, and dining room.

bedrooms and three-and-a-half baths.


Each includes a two-car garage, the pri-
vate side yard, and open-concept living
on the ground level.
Design wise, the detached homes
complement the master plan and region
and boast one of three different styles,
including Hill Country, Texana Farm-
house, and American Classic. Each style
is further enriched by three different
color schemes.
“I really feel like BTR communities are
not inferior in design,” concludes Texter.
“You can see the results, and I think it’s
turned out wonderful.” B

PROJECT DETAILS

Location
Argyle, Texas

Architect
KTGY

Developers
BB Living and Hillwood Communities

Site Size
SIDE YARDS
27.5 acres
With alley-loaded garages, the homes include a
private side yard for outdoor space.
Unit Plan Sizes
1,784 to 2,438 square feet

B U I L D E R O N L I N E .C O M Q 1 2 0 24 ⚫ B U I L D E R 29
Seasonal
Demographics, pent-up demand,
and cycle time normalization have
builders feeling good about the
2024 spring selling season.

by VINCENT SALANDRO

illustrations by TR ACI DABERKO

Each year in the post-COVID hous-


ing market has presented unique
challenges and market dynamics for
home builders, with the develop-
ments in 2023 no exception.

While resale inventory was limited with homeowners


unwilling to give up their below-market mortgage rates,
the new-home market captured market share as build-
ers found success offering rate buydowns to incentivize
buyers. The previous calendar year also saw mortgage
rates climb above 8% in the second half of the year, be-
fore steadily falling in November and December.
“2023 in general for our industry was an adjust-
ment year. When you look at 2023 and the way that
not just the consumer had to adjust, but builders and
[the] housing [market] in general had to adjust with
interest rates going from 3% to almost 8%. It was so
dramatic and drastic that there was a shock factor that
took place,” says Amy Rino, chief customer officer at
Taylor Morrison. “I feel like 2023 was a year that pre-
pared us in all positive ways for 2024. Whether it’s a
seller’s market or a buyer’s market, it’s how [builders]
respond to the customer.”

30 B U I L D E R ⚫ Q 1 2 0 24
Optimism
Builder 100
May 6-8, 2024
The Ritz-Carlton Laguna Niguel,
Dana Point, CA

Join hundreds of the top senior executives from America’s largest volume of
home builders for three days of exciting and insightful presentations, panel
discussions, and networking opportunities you won’t find anywhere else.

Bolster your success with strategies to help you navigate the shifting
market and fluctuating interest rates; tactics for dealing with accelerating
technological advances, including AI; hear lessons-learned; and more!

Save $200 with code B100VIP


Register at Builder100.com
and see why one past attendee called it their
“annual pulse on all things homebuilding.”

Thank you to our sponsors


FOUNDING SPONSOR TITLE SPONSORS

GOLD SPONSORS S I LV E R S P O N S O R S
TTHE
H E AR
ART
RT O
OFF D
DESIGN
ES

CALL FOR ENTRIES

The Gold Nugget Awards is the oldest and most


prestigious design awards in the nation.

APRIL 15, 2024 Recognizing those who improve our


communities through exceptional concepts in
design, planning and development.

The Westin Resort of Anaheim Open to Builders, Developers, Architects,


Planners, Interiors Firms with projects in the
JUNE 19, 2024 United States and All Internationals Countries.

SPONSORSHIPS AND ADVERTISING OPPORTUNITIES NOW AVAILABLE!


For more information, call Lisa at 800.658.2751 or 909.987.2758 | Visit GoldNuggetAwards.com
SPRI NG SELL I NG

ST R ATEGI ES Several builders, including Tay-


lor Morrison, Drees Homes, Tri
Pointe Homes, Fischer Homes,
CBH Homes, Meritage Homes,
and Lennar, share positive out-
looks for the upcoming spring sell-
ing season, noting underlying
demographic trends, overall eco-
nomic conditions, and a normal-
ization of market factors at the end
EDUCATION EMPHASIS FOLLOW-UP GOALS of 2023. In addition to a normal-
ization of interest rates, produc-
“Consumers are desperate for “I spoke with a builder from Texas tion schedules and supply chain
competent experts to support whose average time frame from conditions continue to improve.
them—especially as their first appointment to contract had “We are cautiously optimistic
uncertainty has increased due elongated to over 120 days over [for 2024],” says Tim McMahon,
to affordability challenges. They the past year. That means more CEO of Fischer Homes. “We saw
don’t need help clarifying why follow-up emails, texts, and calls a ramp-up in activity in Decem-
they may want to move or what to continue the conversation are ber that was beyond our expecta-
they are looking for. What they necessary. The unfortunate truth tions and well above the prior
need is an expert who can help is that traditional sales teams year, and we believe that momen-
them justify what they want to still—by and large—do not follow tum will carry forward into the
do and give them permission up after more than two weeks of spring selling season.”
to move forward. If your sales unresponsiveness from prospects. McMahon says 2024’s spring
team is continuing to outsource ‘If they were truly interested in selling season could mark the re-
100% of the financial part of the buying from me, they wouldn’t turn of the “typical seasonality”
process to others, they are voiding be ghosting me!’ is a common experienced in pre-COVID years.
their influence on the biggest muttering by confused sales He adds the probability of Feder-
factor the consumer is struggling professionals. Know what your al Reserve rate cuts occurring in
with. Give your sales team the average lag time is from lead to the back half of 2024 could pro-
knowledge to lead the process sale or appointment to sale in vide a longer runway for a favor-
through the tough challenges order to give your sales team the able selling environment into the
instead of going around the follow-up goal to aim for what summer and fall.
challenge by passing them off too your customers need.” —Oakley Kevin Oakley, managing part-
soon to your mortgage partners.” ner at Do You Convert, an online
—Kevin Oakley, managing sales and marketing partner for
partner, Do You Convert BACK TO THE BASICS builders, says he anticipates a “vi-
olently good” spring selling season
“Focus on the basics again. Over in regard to clearing out inventory
the past several years, sales have that is complete or nearly complete
come easy, people have literally and a “better than expected” sea-
thrown money at our sales teams son for presale activity.
to get a home. Our muscles have “We expect spring sales to be

Give your atrophied on the sales process,


specifically financing and closing
strong; however, not as robust as
the boom we experienced during
sales strategies. Sales are coming the pandemic years,” says Dan

team the
down to who can show the buyer Jones, executive vice president of
how rate buydowns can greatly home building operations at

knowledge impact their affordability picture,


then use that same tool to close
Drees Homes. “Rather, we expect
new-home sales more in line with

to lead. the deal.” —Matt Riley, owner


and partner, New Home Inc.
last spring, which were surpris-
ingly good. Additionally, we envi-
sion the market stabilizing with
less volatility across mortgage
rates and home pricing.”

B U I L D E R O N L I N E .C O M
64%
Demographic trends are driving builder optimism indepen- INCREASE OF Preparing for the 2024
dent of potential movement in mortgage rates. Marla Telfair,
MILLENNIALS Spring Selling Season
corporate director of sales for Drees Homes, says the house- With expectations of a busy spring
hold formation from millennials and Gen Zers in family-
BUYING HOMES selling season—and one that could
building years will likely drive demand in 2024. With resale IN THE PAST see the rapid turnover of complet-
supply still limited due to the lock-in effect, new homes remain FIVE YEARS, ed inventory—builders share that
an attractive option for this cohort of prospective buyers. ACCORDING aligning starts and inventory was
“The majority of millennials have transitioned from renters to TO TRI of paramount importance in the
homeowners, [Tri Pointe data indicates] a 64% increase in millen- fourth quarter of 2023.
POINTE HOMES
nials buying homes in the past five years,” says Tri Pointe Homes “CBH has hit the gas pedal,
CEO Doug Bauer. “Millennials represent 62% of our home buyers. pushing for more starts and more
Right behind them is the Gen Z buyer. They are buying homes at spec inventory,” says Corey Bar-
a younger age; when you look at Tri Pointe, two-thirds of our pro- ton, president and owner of CBH
file is Gen Z and millennials. [Due to these trends], we’re pretty Homes. “Plus, [the company is]
optimistic going into 2024.” looking to hire 25 people in the
Rino says the increase in individuals entering the 55-plus age new year for positions across all
bracket is a positive trend for builders who offer active-adult areas of the company to help us
product. These buyers are typically less rate sensitive and are still hit those inventory goals. CBH is
encountering life events that influence moving decisions.
“Millennials and baby boomers are still collectively having life
events that create need-based housing demand,” says Phillippe
Lord, CEO of Meritage Homes. “We have seen interest and mort- An exterior shot of Drees
gage rates moderate over the last two months already, and the gen- Homes’ Brynlee II F model floor
Drees Homes

eral market expectation is for rates to either hold steady or move plan, available in the builder’s
down as the economy stabilizes, which will continue to give people communities in Conroe, Manvel,
confidence to buy a home in 2024.” Pinehurst, and Porter, Texas.

B U I L D E R O N L I N E .C O M Q 1 2 0 24 ⚫ B U I L D E R 35
excited to be able to release 10
new-home communities in the
first half [of 2024]. We’ ll be
pumping the inventory into these
new communities with new up-
dated products designed by our
professional designers.”
Jones says Drees Homes focus-
es on even-flow starts to the field,
and, with slower sales in the
fourth quarter, the builder has
been able to replenish its market
home inventory, “which has been
carefully curated by our design
consultants to deliver style and
the best value for our customers.”
McMahon says Fischer Homes
continues to prioritize contract-to-
build homes over spec homes, fo-
cusing on expanding its portfolio
to include more affordable prod-
uct offerings while also reinvest-
ing in new plans at the higher end

2%
of the market.
“At the same time, we are put-
ting some additional quick move-in Reasons for Optimism, Concern
inventory homes in place for 2024,” Builder optimism for the new-home market in 2024 is mirrored PROJECTED
McMahon says. “One of our most by positive outlooks for the sector from industry economists. The INCREASE
critical success factors in 2023 that new-home market is expected to continue to benefit from limited IN HOUSING
carries forward into 2024 is open- resale inventory due to mortgage rates throughout the year.
STARTS BY
ing new communities with success NAHB chief economist Rob Dietz says the organization projects
and ensuring that we are focused housing starts to increase between 3% and 4% in 2024 and antici-
ZONDA CHIEF
on achieving this goal between de- pates new-home sales will also experience positive growth in 2024. ECONOMIST
velopers, our home building opera- At Zonda, chief economist Ali Wolf projects starts will in- ALI WOLF
tions, and municipalities.” crease by 2% compared with the previous year and believes that
For Tri Pointe Homes, Bauer the “tale of two housing markets” for new and existing homes
says the company has remained will continue throughout the calendar year. With affordability
focused on having a 65–35 split still top of mind for a majority of buyers, she notes that rate
of spec homes to to-be-built buydowns and other financial incentives will remain a compet-
homes while also doubling down itive advantage for builders.
on sales training. “Home buyer demand is met with limited inventory in the mar-
“I think training and the funda- ket due to the chronic shortage of existing-home listings, as current
mentals of training are important homeowners are wary of leaving their below-market mortgages,”
to your success. We [also] make Lord says. “Given the tight resale conditions, while the quality and
sure that our teams have all the location of the home are always critical to a home buying decision,
tools to sell successfully, from digi- today the quick move-in timelines and affordability of a home from
tal tools that customers shop for on a monthly payment perspective are equally as important.”
our website to design tools to mort- Consumers are responding to lower rates with a more posi-
gage financing tools,” he adds. tive outlook for home buying conditions, but they still have
largely pessimistic views toward the housing market. According
to Fannie Mae’s most recent December Home Purchase Senti-
Tri Pointe Homes

ment Index, the share of consumers who say it is a good time to


Tri Pointe Homes has four townhome buy a home increased to 17%, while the percentage who say it
floor plan options available for sale at is a bad time to buy a home stood at 83%. However, a combined
the Vertex community in Las Vegas. 67% of respondents share expectations that mortgage rates

36 B U I L D E R ⚫ Q 1 2 0 24
ST R AT EGI ES

SPRING SELL I NG
GET UNCOMFORTABLE
“Be comfortable asking uncom-
fortable questions. This revolves
around asking the buyer about
their finances. The salesperson
or team who can answer their
questions and show the buyer they
are the expert will win more sales
than those who cannot.” —Riley
would either decrease or remain the same over the next 12
months, a more optimistic outlook than shared with Fannie
Mae in recent months. FEAR NO MORE
“Home buying sentiment continues to hover at historic lows.
Buyers are receiving negative input from friends, from co-workers, “Reduce or eliminate fear … of
from Uncle Ernie who purchased in 2007 and sold in 2011 at a the salesperson. Buyers carry a
huge loss, even from Realtors,” says Jeff Shore, founder and presi- great many fears in the purchase
dent of Shore Consulting. process (fear of the market, of
Rates, high prices, and general affordability concerns contin- missing out, of making a bad
ue to drive consumer hesitation toward the housing market. Bauer decision, etc.). Fear of salespeo-
says that while mortgage rates don’t “establish demand,” they ple stems from past experienc-
impact pricing, payment, and psyche. es, stories, myths, and media
“Buying a house is such a psychological event. You’ve got to portrayals. Sales professionals
have the right psyche, and interest rates can play with that psy- will need to double down on their
che,” says Bauer. people skills in order to earn the
Shore says the onus is on sales professionals to re-instill con- trust of an increasingly skeptical
fidence in buyers, communicating why purchasing in the current buyer.” —Jeff Shore, founder and
market is a good idea. While mortgage rates may come down president, Shore Consulting
further in 2024, the lack of supply and expected increase in de-
mand could push prices higher, negatively contributing to afford-
ability, already a chief concern for a majority of buyers.

Be comfortable
Land and access to capital is also a concern for builders head-
ing into the spring selling season. Dietz says the NAHB still is
seeing lingering issues related to land developer loans and lot
availability, while Bauer says difficulties in the capital markets asking
benefit public builders at the expense of smaller private builders.
Barton notes land prices are a concern for CBH Homes, having uncomfortable
increased recently in the builder’s home markets in Idaho due to
the rise of national builders in the state.
questions.
Bauer and McMahon also note headlines from geopolitical

B U I L D E R O N L I N E .C O M Q 1 2 0 24 B U I L D E R 37
STR AT EGIES
SPRI NG SELL I NG

events as well as the 2024 national election could impact buyer


psyche throughout the year.
“Geopolitical events remain a major concern. Financial mar-
kets and—to some extent—customers like certainty, and there is
uncertainty in the upcoming election cycle,” says McMahon.

Incentives, Rate Buydowns, and the Resale Market


Builders have experienced a significant increase in market share
in part due to the significantly constrained supply in the resale
market. Estimates from NAHB and Zonda indicate that the new-
home market increased share to nearly 30% from historical levels
between 10% and 15%. However, with mortgage rates projected
to decrease, there is a possibility that the resale market could cap-
ture back share from home builders.
VALUE PROPOSITION During Lennar’s most recent earnings call, executive chair-
man and co-CEO Stuart Miller said the tick down in rates could
“Focusing marketing strategies benefit both the resale and new-home market in 2024.
to highlight features that reso- “What has been missing from the market is the traditional
nate with home buyers’ needs resale buyer looking for that move-up home, and, decidedly, the
and budgets is essential. Empha- first-time market has been very thirsty for new-home product
size the value of a new home by because the traditional resale product simply hasn’t been avail-
showcasing energy-efficiency able," Miller said to investors. "So, I suspect if the existing-home
and long-term cost savings. You market is activated as interest rates do trend down, that it will
must show buyers as much as result in both additional supply for the first-time buyer and addi-
possible on your website with tional demand for the move-up buyer.”
online tours, 3D renderings, and Builder responses to changing preferences, including small-
interactive tools.” —Carol Morgan, er home sizes, increased design flexibility, and more quick
president, Denim Marketing move-in homes, have positioned the new-home market to meet
buyer demand through the spring selling season.
“The one thing I would say is consistently the same [among buy-
OMNICHANNEL SYMPHONY er preferences] is flexibility. It doesn’t matter if it’s a first-time home
buyer or an active lifestyle buyer,” Rino says. “Having the ability to
“Marketing shouldn’t be done in a work from home is important; I would say making every bit of space
silo; use an omnichannel approach in the home usable matters to the customer, and using it in a way
that includes social media, target- that is best for their lifestyle is definitely something that [is import-
ed and retargeted ads, email mar- ant] for customers.”
keting, blogging, SEO, listing ser- Bauer says home builders’ ability to offer financial tools not
vices, and campaigns.” —Morgan available in the resale market remains a competitive advantage that
is driving optimism, even with the possibility of a reactivation of the
resale market.
DIFFERENTIATION “We’re going into the spring selling season having the financ-
ing tools that aren’t readily available in the resale market, which
“[Most video] is literal and not provides an enormous opportunity for builders to gain market
very interesting. It is just an- share,” Bauer says. “I don’t think [incentives and rate buydowns]
other builder talking about rate are going to differ much [compared with 2023]. We use forward
buydowns. I think people need commitments, a range of pricing incentives including closing cost
to put more thought and money credits, and [rate buydowns]. I believe those tools will be the same
into the creative so that they tools used in 2024.”
do stand out. There is so much CBH Homes and Taylor Morrison say interest rates will dictate
focus on interest rates that the role buydown incentives play in 2024, though using financing
those messages all sound alike.” as a sales tool will remain a priority.
—Dave Miles, president and At Meritage, Lord says as mortgage rates have retreated, cus-
brand strategist, Milesbrand tomers are selecting the incentive—either rate buydowns, lot
premiums, closing costs, option upgrades, or price concessions—
that best fits their needs.

38 B U I L D E R  Q 1 2 0 24 B U I L D E R O N L I N E .C O M
WHEN HIGH
PERFORMANCE IS

IF YOU WANT TO AVOID WEATHER-RELATED


CALLBACKS AND DELAYS, THEN YOU NEED
FORCEFIELD® WEATHER BARRIER SYSTEM.
GET PRODUCTS
Georgia-Pacific’s integrated WRB sheathing system for
roofs and walls helps you dry in your homes faster, so THAT PERFORM
you can get to the next critical path on time—without
compromising your reputation for quality construction. GPFORCEFIELD.COM/MISSIONCRITICAL

©2024 Georgia-Pacific. All rights reserved. Unless otherwise noted, all


trademarks are owned by or licensed to GP Wood Products LLC. VISIT US AT IBS BOOTH #C2538!
Create an
emotional
connection by
showing the
lifestyle.

disruption than we saw in previ-


ous years.”
Fischer Homes and Drees
Homes are working on initiatives
to enhance the digital home buy-
ing experience.
Drees Homes is launching a
new website with content created
with the digital sales experience in
mind and is working to integrate
3D touring into its customer por-
THE TICK tal in each of its markets.
DOWN IN “Due to affordability concerns, incentives and rate buydowns Fischer Homes is focused on
RATES COULD will still be warranted in 2024, much like 2023,” Telfair says of differentiating itself from both re-
BENEFIT BOTH Drees Homes’ strategy. “These options have motivated prospec- sale and new-home competitors
THE RESALE tive buyers to move forward in turbulent times and have allowed with creative marketing content,
us to drive traffic as well as maintain sales momentum. Further, including photos, videos, blogs, 3D
AND NEW-
we feel pricing correctly from the beginning is crucial and will tours, and interactive floor plans.
HOME MARKET negate having to do price cuts later down the road. The plan is to “We realize that a customer’s
IN 2024 price to market and sell homes without having to recreate the first interaction with us almost
wheel halfway through communities.” always begins digitally,” McMa-
hon says. “We continue expand-
Builders Expand Their Digital Efforts ing our digital presence to reach
Technology and digital tools are more important to prospective our buyers in all our markets and
buyers than ever in the post-COVID years. Taylor Morrison has the ones we see relocation buyers
leaned into online sales, and Rino stresses the importance of coming from.”
offering options for all types of buyers—those who want limited Above all else, though, Rino
face-to-face communication in the buying process and those who stresses that despite focus on in-
want limited digital communication. centives, design flexibility, and
“Many times, when our customers start with our online marketing tools, the home buying
tools, they end up speaking with an online sales manager, and process ultimately boils down to a
that online sales manager relays the customer to a model home transaction between people.
in a specific community,” Rino says. “I find that the process is “I am focused on our people
more seamless. We are able to deliver a better experience to the taking the time with every single
customer because they have been educated so much from all of customer, listening, providing
our tools prior to speaking with a live person that we are able to them with solutions to their
get them into a home of their choice quicker and with a lot less needs,” Rino says. “Making sure
they are trained and able to use
finance as a sales tool [and also]
Greg Grupenhof

technology tools. Being educated


The Bedford floor plan with Drees Homes, which includes a so they can help educate the con-
covered patio option, is available at the builder's communities sumer to make the best decision
in Union and Hebron, Kentucky, as well as Mason, Ohio. for them. It is about people.” B

B U I L D E R O N L I N E .C O M
Featuring Trex Signature decking in Ocracoke and Signature Aluminum Railing with Stainless Steel Mesh Infill.
The 2024 Virtual Concept Home
by Livabl, is an innovative collaboration
from leading industry minds.

The home was designed with flexibility at the core and


aptly dubbed “the home that grows with you.” Akin to a
choose-your-own-adventure-story, the Virtual Concept
Home allows home shoppers to personalize their nest
with a variety of choices in layout and design.

Through advanced virtual solutions from Livabl, shoppers


can fully immerse themselves in a 3D walkthrough of the
home to experience all the options available to them,
making this not a home of the future, but a home for
today’s buyer.

“Typically, a ‘concept’ home includes options that Thank you to our sponsors
are not realistic for the general homeowner. Not yet
available, or not affordable.” said John Marchionda,
Title Sponsor
Vice President of Marketing and Customer Experience
for JELD-WEN® Windows & Doors, the title sponsor of
the Virtual Concept Home.

“Making this year’s concept home virtual allows


builders and manufacturers like us to develop a range Founding Sponsors
of solutions to meet the needs of a broad assortment of
homeowners.”

Stop by Zonda’s booth, W3043, at the International


Builders Show to hear from the minds behind the
Concept Home. A panel of experts will discuss the
creative process and walk you through the home on
Wednesday, February 28th at 10:30 a.m.

Learn more and take a virtual tour anytime at


2024concepthome.com
The 2024 Virtual Concept Home by Livabl is full of innovations for
helping home buyers live their best lives — in a home designed to
be flexible and attainable.

JELD-WEN® Windows & Doors, the title sponsor for the 2024 Virtual
Concept Home by Livabl, has seen first-hand how the building industry
has shifted to meet the needs of homeowners in the last few years.

We spoke to John Marchionda, JELD-WEN’s Vice President of Marketing


and Customer Experience, about JELD-WEN’s involvement in the project.

— By Erin Nicks

Why did JELD-WEN want to be involved with the Virtual What are some of the products that JELD-WEN will be
Concept Home by Livabl? Sustainability and energy efficiency are contributing to the Virtual Concept Home? We will be providing
priority areas for us as we evolve our windows and doors, and we know the interior doors, entry doors, patio doors, and all the windows throughout
homeowners and builders are paying attention to these areas when it comes the home. The windows are our Auraline True Composite windows, which
to choosing products. we recently launched. The composite material is made from recycled
wood fiber. It’s more durable than vinyl. And the finished windows look like
Typically, a “concept” home includes options that are not realistic for the contemporary wood windows. They’re also energy efficient. Auraline’s a
general homeowner. Not yet available, or not affordable. Making this year’s fantastic product for us.
concept home virtual allows builders and manufacturers like us to develop a
range of solutions to meet the needs of a broad assortment of homeowners. We included three of our LaCantina multi slide patio door systems. They
We get to ideate and, thanks to the technology, try different options while literally bring indoor and outdoor living spaces together into one completely
still in development phase. open space. Then, on the interior, we have a few designs from our MODA®
Collection of interior doors.
Can you tell us a bit about your early involvement with the
project? JELD-WEN was one of the first manufacturers to jump on board At the entry of the home, we selected a unique design from our IWP®
with the Virtual Concept Home. We went out to California for the initial Aurora® fiberglass door line finished with our black metallic Foundry™
kickoff meeting to understand consumer trends, consumer behaviors, what finish to look like a steel door. So, it looks like metal, but it won’t absorb
“home” means to today’s buyers, and the fact that a lot of people are working temperature changes the way metal does.
from home now. For me, a key theme that came out of this workshop was the
functionality and flexibility of the living space. Where is JELD-WEN headed in the future? We will continue to
be an active participant and an innovator in the building products industry,
So, we were able to think through the needs of the homeowner, to place providing windows and doors that are anchored in energy efficiency and
our products where they would have the most impact and deliver the most sustainability.
benefit within the virtual home.

Learn more about JELD-WEN at jeld-wen.com

For more information on the 2024 Virtual Concept Home


by Livabl, visit 2024concepthome.com
The 2024 Virtual Concept Home by Livabl
is about creating the best life for a homebuyer
and making it attainable today.

As a founding sponsor of the Concept Home, the Propane Energy and


Research Council (PERC) has offered a multitude of options for propane
use around the project.

We spoke with Bryan Cordill, the director of residential business development,


about PERC’s involvement with this innovative project.

— By Erin Nicks

Please tell us a bit about PERC and why it’s important to we build the home, if you were to build this house, you would see propane
today’s homeowners. PERC is a government checkoff program that was used in the home. Secondarily, depending on states, codes and building
created by congress with the intent of handling research, development, desires, we would see the likelihood of a tankless water heater in the home
safety, education, and training. The Concept Home would be part of our because of the space savings, the cost of construction savings, and the
consumer education. endless hot water for the consumer once they move into the house.

How has the use of propane changed over the years for How do non-profits like PERC feel about projects such as the
homeowners? Traditionally, it was hard. In the early days, it was rural and Virtual Concept Home? This is the first one, and so it’s a new era for us.
only really tied to agriculture and larger family homes that were away from This gives us the flexibility to show this home in different parts of the country
the city center. Currently, we see a lot of opportunity to expand as the cost and different climate zones. When we’re building a site-built home, it’s only
of natural gas has increased, and as the availability of buildable lots in that done one time. We get to tell that story once, in one location. We think that
natural gas footprint have decreased. A lot of more traditional neighborhoods the concept home and the virtual aspect of this really gives us an opportunity
with subdivision developments now go in with a full propane system. to tell our story more efficiently.

Why did PERC want to get involved with a project like the Where is propane headed in the future, particularly regarding
Livabl Concept Home? We really want to educate about the efficiency sustainability? We think we’ll continue to see an increase of users of
of what we call a dual fuel home. That’s a home powered by electricity and propane as we see more homebuyers that have left the urban environment,
propane. You have electricity, or even on-site solar to provide the power even in this period of higher interest rates and a little bit of a slowdown in the
for the LED lighting and ventilation, and maybe even the heat pump on the housing market.
primary side. But then when you need additional energy-dense solutions,
like water heating, or backup to the heat pump when it’s colder and the The markets that people have been attracted to post-COVID are remaining
efficiencies fall off, then you can combine that with high-efficiency propane. as the hot markets and so we continue to see propane being used in new
construction. We also see the evolution in the remodel space, as the people
How will propane be used in the Virtual Concept Home? that don‘t have to move are deciding to spend a little more on their existing
So much of this concept home is geared around that outdoor living space, house, that transition to the highest efficiency tankless water heaters and
the fireplaces, and the patio. Those are the places that regardless of where condensing furnaces. Those products really strengthen our position.

To learn more about PERC, go to propane.com

For more information on the 2024 Virtual Concept Home


by Livabl, visit 2024concepthome.com
The 2024 Virtual Concept Home by Livabl
is an unprecedented collaboration created by Zonda and
includes many of the biggest names in architecture, design,
and material for new homes.

TREX is a founding sponsor for the 2024 Virtual Concept Home by Livabl.
We spoke to Leslie Adkins, the vice president of marketing for TREX, about the
company’s involvement with the project.

— By Erin Nicks

Please tell us a little about TREX and what makes it an Then there’s also the railings. We’re offering signature railing on the top,
excellent choice for homeowners. TREX is the company that created which is our aluminum railing, and that‘s much more on trend with design,
composite decking. TREX is made from 95% recycled or reclaimed products. rather than big chunky posts and big chunky balusters and rail. This is like
It’s not new for us; we’re not just getting on the green bandwagon. We are thinner aluminum rails with more sightlines.
one of the largest plastic film recyclers in North America. We do our part.
We‘re offering two different approaches on the infield, which is what goes
Today, TREX is far more than just decking. We have decking, railing, and between two posts. First, we‘re offering our broad rail, our cable rail solution.
outdoor lighting — we have anything happening in your backyard for The cable rail has a cool look, but all of the maintenance can be challenging
outdoor living. over time because it starts sagging, and you have to tighten it up again.

Are there other ways TREX has changed over the years? It has We came out with a product we call rod rail, and it‘s horizontal aluminum
become more realistic, and many more colors are now available. We have that mimics the look of cable rail, but it’s much more durable.
furniture and spiral staircases. So, we’re trying to think about anything a
homeowner needs or wants within their outdoor living space. Filling in that We’re also offering some glass panels, so it’s aluminum posts with glass
lifestyle and making it eco-friendly and low maintenance. panels in between to open up your sight line because nowadays people are
so focused on the outdoors and creating these outdoor spaces that live like
Which products does TREX include in the Virtual Concept rooms. We feel it‘s important to be able to see. If you‘ve got a great view, you
Home and why? We are highlighting our Transcend Lineage decking, one want to be able to see through your railing.
of our newest introductions. Transcend was always our benchmark line, but
the Lineage program has many more on-trend design colors and a much What does the future hold for TREX and its continued interest
more refined aesthetic. It looks much more realistic than we were making in sustainable products? We’ll soon be launching on a regional basis
five years ago. to some select markets what we think is possibly the next iteration of wood
composite decking.
We never think of aesthetics without considering performance. For example,
this board is a result of climate change. Summers are hotter than ever, and And it’s again thriving both for that aesthetic and performance. So, we’ll be
more people are creating outdoor spaces. We hear a lot about how hot pushing that envelope of how realistic we can get the look and feel because
decking can get; this board has heat mitigation technology. So, if you put it everyone craves the look and feel of wood.
next to our regular Transcend board, it will be cooler.

To learn more about TREX, visit trex.com

For more information on the 2024 Virtual Concept Home


by Livabl, visit 2024concepthome.com
The 2024 Concept Home by Livabl
lets potential homeowners experience a flexible home filled
with a variety of touches to personalize.

Schneider Electric is a founding sponsor of the 2024 Virtual Concept


Home by Livabl. We spoke to Bradford Wills, Schneider Electric’s director
of strategic customers and programs, home and distribution, about its
participation in the project.

— By Erin Nicks

What does Schneider Electric provide to homeowners, and Which products is Schneider Electric including in the Virtual
what makes it unique? Schneider Electric is the worldwide leader Concept Home and why? Our smart panel that allows you to use
in electrical distribution and control. Historically, what we are and will electricity safely and to see when and where you’re using that energy. You
continue to be, is the base fundamental safe use of electricity, whether it’s can also see abnormal uses of that energy. We also have smart devices.
residentially, commercially, or industrially. Approximately 80% of all the For example, certain things like your HVAC unit and water heater make
electrons in the United States flow through a piece of Schneider equipment. perfect sense to control and monitor the panel because the breaker is only
So, that’s paramount. As we evolve, it’s about getting to the next level and connected to that one thing. Other products with other circuits have multiple
continuing to help you use it safely and more efficiently. items plugged into them.

As the energy platform becomes more complex, people are moving away So now we can take the monitoring control down to the plug level so you
from having an electric utility to having solar, batteries, or a generator. Then can see what‘s happening. But also, we have our complete Schneider Home
the complexity of that demand requires further safety and increased digital Solution, which now includes the inverter, the battery, and the EV charger, so
capability to be easily managed. In short, what Schneider is doing in every that the entire ecosystem will be one platform.
segment is helping the customer use that energy more efficiently to be more
sustainable and resilient. And now that’s coming to the residential space. How does Schneider Electric benefit from projects like the
Concept Home? Projects like these bring forward the digital part of the
Why did Schneider Electric want to participate in the Concept solution. We always get hung up on the physical aspects of a product. This
Home? Historically in the residential space, we’re that gray box in the is going to force more of that digital element. It’s become a revelation for
garage that everyone walks by and never really thinks about. So, the folks to say, “This makes perfect sense. I‘ve had this in my car forever. Why
challenge is to say, “This is now a connected ecosystem of the home and don‘t I have it in my house?” You get in a car, and your dashboard shows you
needs to be viewed digitally.” everything happening. The vehicle reaches to tell you what‘s happening in
the car. Why don‘t you have that for your house? This is going to bring that
The Concept Home is the perfect format for us to help consumers make that forward. Finally, there’s the breadth of people that a project like this can
transition in their minds to say, “Hey, my electrical distribution system, fuse reach remotely. So, it really is a great opportunity for us.
box, circuit breaker box, and my outlets and switches are part of a digital
electrical distribution control solution for my home that I need to interact with
and automate.”

To learn more about Schneider Electric, visit se.com

For more information on the 2024 Virtual Concept Home


by Livabl, visit 2024concepthome.com
20

GUIDE
24
PRODUCT
Building product
manufacturers
continue to
raise the bar
to provide
flexibility,
efficiency, and
modern features
SYSTEMS
for everyday page 60
living. This guide
showcases 29 INTERIORS
compiled page 62
by products across
BUILDER
Illustrations by Paulina Sara Design/Creative Market

five categories
STAFF KITCHENS & BATHS
that you can page 48
find at the
International WINDOWS & DOORS
page 51
Builders’ Show
Feb. 27-29 in EXTERIORS & STRUCTURAL MORE ONLINE
Las Vegas. page 56 builderonline.com

B U I L D E R O N L I N E .C O M Q 1 2 0 24 B U I L D E R 47
KITCHENS & BATHS

EXPERT ADVICE
The kitchen is a hub for functionality
but also creativity. To find out about
this year’s kitchen trends, BUILDER
asked Pamela McNally, senior vice
president of marketing and digital
at the National Kitchen & Bath
Association (NKBA), for her thoughts.

She says, “People are in their homes


more, using the space every day,
and are looking to make it fit for their
unique lifestyle. This is especially
NOBILIA true of the kitchen. According
nobiliakitchenfurniture.com
to NKBA’s 2024 Kitchen Trends
The new NOVALUX high-gloss lacquer kitchen furniture in Alpine
report, the kitchen now has to be a
white from nobilia creates sleek and clean lines for minimalist
design. NOVALUX offers a distinctively thin edge radius of less flex space, with not only the right
than 1 inch, adding a touch of finesse and sophistication to
design but also the right materials,
kitchens. Also available in satin gray high gloss.
products, and lighting.”

In addition to flexibility, McNally


says bringing the outside in is a
trend where larger windows are used
for more natural light, which can
be a compromise for fewer upper
cabinets. She says homeowners are
finding alternative storage space like
pantries, deeper lower drawers, and
KOHLER JENNAIR
kohler.com jennair.com floor-to-ceiling cabinetry. However,
the dominant lowers are beneficial
The Anthem+ Digital Control The JennAir 30-Inch Column
and System creates a multi- Refrigerator’s quiet cool for “aging in place,” she notes.
sensory experience for water, is controlled by precise
light, sound, and steam. calibration from three sensors. The third trend in kitchens for 2024?
Anthem+ is an integrated The revolutionary built-in
McNally shares, “The importance
system with one digital SlimTech Insulation Technology
control interface, which delivers benefits such as up to of wellness in our everyday lives is
can operate up to 12 water 25% more capacity inside, up
fueling a healthier way to eat, so
outlets. Available in polished to 50% more energy-efficient,
chrome, vibrant polished and up to 30% faster cooling, improved (and more) refrigeration
nickel, vibrant brushed nickel, all while delivering even and storage to help keep food
matte black, and vibrant quieter refrigeration to not
brushed moderne brass. disrupt life at home. fresher longer.”

48 B U I L D E R  Q 1 2 0 24
WHAT WEÕRE SEEING: Flexible, efficient, and minimalist

TOTO QUICKDRAIN
totousa.com lrbrands.com

The new WASHLET S7 and Built into the wall, the


S7A bidet seats from TOTO QuickDrain WallDrain linear
offer increased seating space, shower drain offers a totally
seamless construction for concealed and chic look.
easier cleaning, ergonomic The all-in-one WallDrain Kit
design to support ideal posture includes everything needed in
for elimination, individual curbed and curbless showers.
customizable settings for up to Its wall-to-wall coverage
four people, and an upgraded promotes effective drainage
remote control. The WASHLET and eliminates the need for
primes and cleans the toilet a centered drain outlet. A
bowl and cleansing wand with series of magnets allow for
electrolyzed EWATER+ before simple drain cover removal
and after use. and reattachment.

B U I L D E R O N L I N E .C O M 2024 PRODUCT GUIDE Q 1 2 0 24 B U I L D E R 49


KITCHENS & BATHS

FORZA
forzacucina.com

The unique 48-Inch Pro-


fessional Induction Range
features a continuous piece
of ceramic glass with seven
different induction zones and
includes the ability to create
the “Infinito” zone that is made
up of a combination of two
induction zones to create one
ultra powerful heating element.
The single-cavity oven has a
40-inch opening; can heat from
0 to 400 degrees in just
eight minutes; and includes
the Massimo RED broiler
and MaxRotisserie.

SAMSUNG MOEN
samsung.com moen.com

The 2024 Bespoke 4-Door The new Tenon kitchen faucet


Flex Refrigerator with AI Family collection was influenced by
Hub+ boasts AI Vision Inside, the Japandi style, combining
a smart internal camera that Scandinavian design with
recognizes items being placed Japanese textures and natural
in and out of the refrigerator. elements to create a soft,
Its Vision AI technology can modern flair. The collection
identify up to 33 different fresh includes a gentle teak wood
food items. With the food list handle, clean lines, and calming
that is available and editable on details. Available as a pull-
the Family Hub+ 32-inch LCD down faucet, a Smart Faucet
screen, users can manually add with Motion Control, and a pull-
expiration dates for items, and down bar faucet, homeowners
the refrigerator sends can experience the Tenon style
out alerts for items before and innovation no matter how
reaching that date. they use their kitchen.

50 B U I L D E R  Q 1 2 0 24 2024 PRODUCT GUIDE B U I L D E R O N L I N E .C O M


WINDOWS & DOORS WHAT WE’RE SEEING: Strong performance and clean aesthetics

JOHNSON HARDWARE
johnsonhardware.com

Johnson Hardware’s 2000SC


Series Heavy-Duty Pocket
Door Frame Kit now includes
2066 Soft-Close Door
Hardware. Steel studs and
self-adjusting bracket hard-
ware work in both single door
and converging door applica-
tions and can be adapted for
non-standard wall thicknesses
or block masonry walls. The
hardware also promotes a
smooth glide and quiet close.

John Ward, architectural systems with greater


TRENDS

sales representative heights and sash widths.


for Kolbe Windows & Demand for automation
DOORBIRD
doorbird.com
Doors, says “all-glass” for glass and hardware is
DoorBird A1122 can be used
aesthetics continue to beginning to gain traction.
in a range of applications
dominate, highlighted by Ward says the “modern from garages to back and side
doors. The access control
contemporary or clean- farmhouse” trend, with
system can control access via
lined windows and door white facades and black fingerprint or a multi-
frequency RFID reader and
T

windows, is beginning to
can be integrated to a home’s
wane in popularity, while network via Wi-Fi or LAN ca-
geometric scenarios, ble. The product’s configurable
Wiegand output interface
including hexagons, are allows the A1122 to be inte-
making “a major comeback.” grated with existing access
control or alarm systems.

2024 PRODUCT GUIDE Q 1 2 0 24 B U I L D E R 51


Trusted by top home builders
Close on time, every time with an improved customer experience

For 70 years, Westwood Insurance Agency


has worked with builders to seamlessly
integrate insurance into the closing process, See how easy it is
improving the homebuying experience for to get started
their customers.

We’ve helped more than a million people


protect what matters most with a
technology-based approach that simplifies
the insurance process.
February 27 – February 29, 2024, Las Vegas
Visit us at booth #SU863 and in the Show Village!

Buy Mailboxes Factory Direct! 1-800-624-5269


Salsbury Industries – 18300 Central Avenue, Carson , CA 90746-4008
WINDOWS & DOORS
PLYGEM
plygem.com

PlyGem Windows & Doors


introduced a black color
option for its West Pro Series
windows and doors. Tailored to
meet the specific energy-
efficiency needs of the West,
PELLA the black windows and doors—
ideal for a high-contrast
pella.com
look—come with specifically
The new Pella Steady Set designed glass packages
Interior Installation System that adhere to strict building
for wood windows empowers regulations to deliver strong
installers to do the work from performance against chal-
the inside, eliminates the lenging weather conditions.
need to carry windows up
ladders, and improves overall
performance. Tested for water
performance and structural
performance, the Steady Set
is available on Pella Reserve
and Lifestyle Series windows.

SIMPSON DOOR
simpsondoor.com
The Pivot Door System from
PGT INNOVATIONS Simpson Door is available in
pgtinnovations.com extra-large sizes, which can
be custom-made to span up
The WINDOOR Envista to 10 feet tall and up to 5 feet
Seamless Glazed Window wide. The company’s latest
System is available in heights offering allows for the look and
up to 10 feet tall or 40 square functionality of an oversized
feet. The window wall product, door on a pivot hinge. Doors
available in transparent, white, come complete with weather-
or black color options, features stripping on all sides, including
transparent and flexible triple- an integrated drop seal at the
laminated impact protection bottom. No special subfloor or
for safety and performance jobsite prep is needed at instal-
as well as aesthetic benefits. lation, according to Simpson.

54 B U I L D E R  Q 1 2 0 24 2024 PRODUCT GUIDE B U I L D E R O N L I N E .C O M


Customer Sales
Segmentation Training

Community Business
Marketing Planning

Maximize Control of Your


Sales on the Project Level

Schedule a
Demo Today
EXTERIORS & STRUCTURAL WHAT WEÕRE SEEING:
Weather resistance and easier installation

JAMES HARDIE
jameshardie.com

James Hardie’s relaunched


Hardie Artisan Lap Siding
delivers the look of luxury with
the durability performance of
Hardie’s fiber cement products.
The ⅝-inch thick lap siding’s
sleek profiles provide a unique
look to traditional lap siding,
have a joint-lock system to
promote faster installation,
and are backed by the manu-
facturer’s 30-year warranty.

MOISTURESHIELD
moistureshield.com

MoistureShield’s InstaDeck is
a flooring system comprised
of heavy-duty plastic tiles
that snap together to create a
foundation for a freestanding,
ground-level deck. An alter-
native to pavers or traditional
decks, InstaDeck is compatible
with MoistureShield’s Vision,
Meridian, Elevate, and Vantage
composite decking and can be
assembled on any flat surface
with minimal tools. The sys-
tem can create a deck of any
size or shape and requires no
screws to attach deck boards.

56 B U I L D E R  Q 1 2 0 24 2024 PRODUCT GUIDE B U I L D E R O N L I N E .C O M


design | 3D | materials lists

floor plans
3D renderings
materials lists
walkthrough animations
elevations
cross sections
wall, roof, floor framing diagrams
site plans
round-trip AutoCAD® files
export, import, convert AutoCAD® files
links to QuickBooks®
export directly to SketchUp®
export directly to Lumion®
energy calculations via REScheck™
3D views on iPhone®, iPad®, Android™
SoftPlan web3d model viewer

SoftPlan 2024 available now

free trial: www.softplan.com or 1-800-248-0164


EXTERIORS & STRUCTURAL
BARRETTE OUTDOOR LIVING
barretteoutdoorliving,com

Barrette Outdoor Living’s EncloSure screen solution can be in-


stalled into an existing covered patio, deck, or upper balcony. The
product is made of durable aluminum framing featuring a premium
power coat and screening with a flat spline technology to ensure
the screen stays in place even in the windiest conditions. Enclo-
Sure is available in white, matte black, or charcoal bronze colors.
GRIP-RITE
grip-rite.com
WESTLAKE ROYAL
BUILDING PRODUCTS
DeckForce premium exterior royalbuildingproducts.com
screws feature PrimeGuard
Nano Coating, formulated to Westlake Royal Building
provide a seamless seal and Products has added three
finish for corrosion resistance. colors— Imperial Red, Deep
The screws are available for Pewter, and Timberland—to
wood, ideal for wooden decks its Celect Cellular Composite
or fences both treated and Siding line. The V-Groove
non-treated, and composite, profile allows both horizontal
suited for composite or PVC and vertical applications. The
decking, applications. The profile also offers strong wind
screws are available in pack- resistance, UV protection,
ages of up to 25 pounds. and no color fading.

Leslie Adkins, vice president of


TRENDS
marketing for Trex Co., says while
gray was the popular exterior color
for the past decade, consumers are
favoring browns, lighter tones, and
calmer neutral colors. Neutral colors
are also a canvas for homeowners
to create uniformity between indoor
and outdoor spaces. Adkins says
DECKORATORS durabilit
durability and ease of maintenance
deckorators.com
remain
r ttop performance
Deckorators Aluminum Rapid Rail, featuring a contemporary
preferen
p nces for consumers, while
design with square balusters and a simple installation system,
is available in textured white and weathered brown options. improve
i ed sightlines, glass infills,
This product has a powder-coated finish that resists scratch- and
a perrgolas remain popular.
es and corrosion, and works with 2½-inch and 4-inch alumi-
num post kits, according to the manufacturer.

58 B U I L D E R  Q 1 2 0 24 2024 PRO
RODUCT
UC GUIDE
GU B U I L D E R O N L I N E .C O M
Upon Closer Inspection Excellence Stands Out

Built-in Drip Edge

Sight To See
Lightweight Galvalume® Damper

Gravity Assist Angled Closure

Deep-Drawn Galvalume Steel

Integrated Magnets/Rubber Bumpers

Powder Coated

Secondary Backing Plate


While the DryerWallVent blends in at a distance,
you’ll discover unique details that make it stand out
Deep-Drawn when looking closely.
Galvalume® Steel
Powder Coated - Shown White ®
Model DWV4W Deep-Drawn Galvalume steel and powder coating
ensure this sharp vent closure will look good now
and long into the future.

Made in
the USA

888-443-7937 Visit DryerWallVent.com


SYSTEMS WHAT WEÕRE SEEING: Electric, quiet, and energy-efficient

BROAN-NUTONE
broan-nutone.com

The Broan Elite 21-inch


Custom Range Hood Power
Pack is ideal for custom range
hood applications, featuring
a smooth, easy-to-clean
stainless steel surface with
quick-release, dishwasher-
safe filters. Other features
include voice activation,
650 Max Blower CFM, and
SmartSense operation, which
will automatically sense when
it needs to turn on/off or adjust
the speed based on the heat
of the range.

LEGRAND
legrand.us

Legrand announced its first electric vehicle (EV) charger for resi-
dential applications. The Plug-In Home Level 2 EV Charger charges
from 0% to 100% in eight to 10 hours and provides up to a 38-
mile range per hour of charging. The unit simply plugs in—indoors
or out—for easy charging and comes preassembled with an 18-
foot charging cable, a flexible cord whip, and a NEMA 1450 plug.

LEVITON RHEEM
leviton.com rheem.com

The new line of Decora Rheem introduced two new


Countdown Timer Switches products within its Maximus
by Leviton provides reliable lineup of high-efficiency gas
timed control of lighting and water heaters. New to the
motor loads. The line consists offering are the 75-gallon
of 11 models in total, including Maximus Heavy Duty with
15A models featuring the LeakSense, which provides the
company’s new Green Flex same features as the original
Sleeve for easy wiring to Maximus with LeakSense in a
ground or neutral wires and version for homes with three
20A models that can be used or more bedrooms, and the
in single-pole, multi-way, or Maximus plus models available
multi-timer applications. in 40- and 50-gallon sizes.

60 B U I L D E R  Q 1 2 0 24 2024 PRODUCT GUIDE


GU E B U I L D E R O N L I N E .C O M
Go Big For Beautiful Home Exteriors

Sleek Kitchen &


Bath Vent

Deep-Drawn Manufactured to the same exacting specifications as


Galvalume® Steel
Powder Coated - Shown White the DryerWallVent, this new 6-inch, powder coated,
Model 6WVW Galvalume® steel vent closure helps keep a consistent
look for the entire home. Now you can vent range
hoods and bath fans with the same clean lines you
Matches the have for the dryer.
DryerWallVent The 6WV series Premium Wall Vent is available in
white, tan, brown, black, and custom RAL colors for
larger projects just like the DryerWallVent.

Learn more at PremiumWallVent.com today.

Made in
the USA

888-443-7937 Visit PremiumWallVent.com


INTERIORS

EMTEK
emtek.com

New to Emtek’s SELECT


Collection of doorknobs and
levers is the stunning and
bold finish of green marble.
Customers can now choose the
finish option while mixing and
matching their stem design
and rosette options for optimal
customization. The handle’s
deep green hue and veining
can be used as a focal point or
to coordinate with other stone
details present in the home.

DALTILE
daltile.com

In addition to providing a
travertine stone visual that
aligns with a contemporary
design focus, Daltile’s
Calligo tile is also infused
with DEFEND powered by
Microban, which continuously
eliminates 99% of bacteria on
the tile surface. It’s available
in a glazed ceramic fluted wall
tile, a porcelain floor tile, a
glazed ceramic mosaic, and
a jolly and is appropriate for
floor, wall, countertop, and
shower floor applications.

62 B U I L D E R ⚫ Q 1 2 0 24 2024 PRODUCT GUIDE B U I L D E R O N L I N E .C O M


WHAT WE’RE SEEING: Contemporary, earthy, and neutral

EXPERT ADVICE
Several home décor styles are going
viral on social media, reaching Gen Z
and millennial audiences. The Taylor
Morrison design team anticipates
the following five aesthetics resonat-
ing with next-gen buyers.

The Dopamine design aesthetic


celebrates self-expression and
individuality with a whimsical and
imaginative approach. It encourages
homeowners to boldly express their
personal tastes and creativity.
AHF PRODUCTS
ahfproducts.com

Dark Academia embraces the AHF Products has introduced Bruce Comfortstone Engineered
Stone Tile, featuring the look of natural stone and ceramic. Created
essence of traditional academia with
with a durable composite material made primarily of crushed lime-
a Gothic twist. It features a rich and stone, it is an innovative alternative to natural stone. Waterproof, it
moody color palette, incorporating is ideal for kitchens, bathrooms, basements, and laundry rooms.

darker tones and plush textures.

Quiet Luxury emphasizes the art of


subtlety, combining textures, limited
prints, classic lighting, and natural
materials to craft a cohesive yet
understated aesthetic. It opts for a
minimal color palette.

Coastal Grandma captures the ATLAS HOMEWARES NEOLITH


feeling of serene coastal living. It atlashomewares.com neolith.com
embraces natural materials, such as
Atlas Homewares’ new Neolith is pioneering an
wood, rattan, and linen, and earthy Kayden Collection features architectural surface made
sleek, clean lines with subtle of 100% all-natural raw ma-
colors with accents of seafoam
detailing. The modernistic terials that can provide indoor
green, pale blue, and sandy beige. collection is available in five and outdoor solutions. The in-
standard pull sizes, two spiration for the new Calacatta
Southwestern style embodies the styles of matching knobs— Royale comes from marble
one round knob and one with the gray, neutral, defined
American West with its reliance on T-knob—and a palette of five veins on a white background.
natural materials, rich textures, and trending finishes, including It comes in Ultrasoft, Décor
brushed nickel, matte black, Polished, and Silk finishes,
a warm, earthy color palette.
polished chrome, slate, and and 6-, 12-, and 20-millimeter
warm brass. thickness options.

Q 1 2 0 24 B U I L D E R 63
PARTING PLAN

Fresh for
Spring
Here’s a farmhouse layout with
impressive storage and flexibility.

b y AU ROR A Z E L E D O N

S
pring means new beginnings and often a
renewed commitment to organization. What if
you could capture that feeling in a house plan?
This 1,965-square-foot design presents a relaxed,
open layout that makes it easy to stay tidy.
Start with the utility zone near the garage. A sep-
arate side entrance makes it a snap to head in or out
from a brisk walk without trekking dirt through the
rest of the home. Nearby, the walk-in pantry keeps
groceries organized within reach of the kitchen is-
land. More storage abounds throughout the home.
Adaptability matters too. Note how the study/
fourth bedroom features two entrances, one from the
foyer and the other from the hallway near the other
bedrooms, to allow for the different needs of working
from home versus hosting guests. The one-story lay-
out also makes this floor plan a smart choice for buy-
ers who may want to age in place later.
E x plore sing le -stor y home de sig ns at
houseplans.com/collection/one-story-house-plans. B

PLAN #120-280

View and browse plans at builderhouseplans.com.


Courtesy David E Wiggins Architect

square dimensions
footage 59’ 8” X 71’ 5”
1,965
bedrooms
various plan options
4
available, starting at
bathrooms $1,095 for pdf

64 B U I L D E R  Q 1 2 0 24 B U I L D E R O N L I N E .C O M
ADVERTISEMENT

BUILDER INTEL

SUPERCHARGE HOME BUILDING


EFFICIENCY AND PROFITS
4 ways to improve your company’s fiscal health with a connected, all-in-one solution.

“How does cash flow look this month?” Answering that question
is an ongoing challenge for many small, mid-sized, and custom
home builders.
Making sure employee spending, invoices, change orders,
materials, payroll, and a myriad of other expenses across multiple
projects and contracts square up with income is seldom easy. A
firm handle on the company’s day-to-day financial health can be
a difference maker in preserving margins or confidently taking on
new work.
Custom home builder Brad Leavitt is a good example. His
Scottsdale, Ariz. firm, AFT Construction, is currently juggling
14 under-construction projects, with another 28 in the design
pipeline, ranging in value from $4 million to $20 million. “They’re
incredibly complex projects, some take two years to design and
another three years to build,” Leavitt said.
Adding to that complexity is the tightest credit environment
since the Great Recession. Maintaining a clear-eyed view of cash Ricaurte cites other reasons why the shift is on to a single-
flow in a challenging economy has seldom been more important source solution:
to home building leaders. It’s a big reason why Leavitt is moving • Builder Trust. Today Buildertrend is the industry’s de facto
rapidly to simplify and automate his finances. gold standard, with more than 1 million users worldwide.
“Construction pros know how to run their business. We are
KEEP IT SIMPLE teaching them how to find efficiencies by digitizing, centralizing
“Years ago, we started with manual tracking, Excel spreadsheets, data, organizing jobs, and improving financial logistics,” Ricaurte
and third-party software,” Leavitt said. “We ran the business with said. “We’re as equally invested in financial workflows as we are
six or seven different programs.” This patchwork approach failed in job coordination.”
to provide the support the AFT Construction team needed. “To get • Hyper-Focused. Think of Buildertrend as Pay-Pal just for the
to the next level, we have to be more efficient,” the builder said. construction industry: It’s the only financial suite wholly focused
It’s a common industry challenge reports Andres Ricaurte, on residential construction, offering the payment, insurance,
accounting, and financing tools builders need. These tools
general manager of financial services for Buildertrend, the
include Buildertrend Wallet, an integrated banking feature that
industry’s leading business management platform. empowers builders to control and track employee spending
“At a certain point, spreadsheets don’t cut it,” Ricaurte said. all in one place, and an exclusive material rebates program,
“There are many fine single-purpose software solutions out there, Buildertrend Purchasing.
perhaps a hundred or more. Stitching together disparate applications • Investment Protection. Buildertrend integrates with popular
creates a Frankenstein solution that doesn’t help real-time insight. accounting applications QuickBooks and Xero. Data seamlessly
Can you be truly certain you’re making money on a particular job?” flows between systems, eliminating double entry and ensuring
information is accurate and available in one place.
HIDING IN PLAIN SIGHT
• Automated Simplicity. No more paper receipts, per diems, double
Leavitt’s answer was hiding in plain sight. A longtime Buildertrend
entries, uninvoiced costs like parking fines, replacement tools, or
user—“Every person in the company uses it, it’s our operating
gasoline. Every expense is easily captured and accounted for.
system”—Leavitt transitioned all business accounting over
to Buildertrend’s financial services and tools for a seamless, Today it’s good to know construction professionals finally have
360-degree view of all projects in one spot. a seamless, trusted system to connect project activity with the
“It’s all about simplicity. We’re a cost-plus contractor. Clients financial processes and world they operate in. No cobbled-together
can audit us, so we’re super open with our books,” Leavitt said. solutions, no end-of-month surprises. Just the on-demand insight
builders need to boost the company’s financial well-being.

Learn more about how to simplify your business for more efficiency
and financial control at www.buildertrend.com/profitability.

Produced by Zonda Media, a Delaware corporation


marketing.zondahome.com

You might also like