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The Builder Nuggets Podcast

Education Podcasts

Listen to The Builder Nuggets Podcast where builders and remodelers share the elements of success needed to transform your business into a valuable asset that thrives using less of your time. Discover how to predictably scale your business, free yourself from day to day operations and develop your exit strategy and legacy. Duane Johns and Dave Young will show you how to build a thriving business that allows you to spend more time doing what you love. Enjoy the stories, strategies and tactics that have helped hundreds of contractors like you build better lives.

Location:

United States

Description:

Listen to The Builder Nuggets Podcast where builders and remodelers share the elements of success needed to transform your business into a valuable asset that thrives using less of your time. Discover how to predictably scale your business, free yourself from day to day operations and develop your exit strategy and legacy. Duane Johns and Dave Young will show you how to build a thriving business that allows you to spend more time doing what you love. Enjoy the stories, strategies and tactics that have helped hundreds of contractors like you build better lives.

Language:

English


Episodes
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Ep 167: A Path for Veterans

11/4/2024
Every job candidate has a set of hard skills and soft skills. Hard skills can be trained, but soft skills are natural inclinations that are difficult to teach. This episode explores how the soft skills that veterans have cultivated in their service career translate well to working in the construction industry. Our guests are from a familiar company, 84 Lumber, and today Joe Jena and Jason Hinsken join us to share how 84 Lumber has thrived by recruiting veterans and retaining them through offering a true career path where they can rise through the ranks. Show highlights include: 00:30 Introduction to 84 Lumber and Guests 02:30 Personal Journeys: From Military to 84 Lumber 05:30 The Culture of 84 Lumber: A Family Atmosphere 07:25 Recruitment Strategies: Attracting the Right Talent 09:20 Identifying the Right Candidates: Traits and Skills 14:50 The Value of Hiring Veterans 17:20 Differences Between Military and Civilian Work Environments 20:30 Advice for Small Builders: Attracting Veterans 24:40 Opportunities for Veterans in Construction 29:45 Looking Ahead: Future Growth and Personal Aspirations You can learn more about Joe and Jason at https://www.84lumber.com/. Social media: Instagram Joe’s LinkedIn Jason’s LinkedIn Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:35:33

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Ep 166: Indoor Environmental Quality

10/1/2024
HVAC design and indoor environmental quality is an often overlooked part of home design and construction. Code continues to sluggishly push forward, but doesn’t reach a high standard for comfort and efficiency in most home builds. Today’s guest is the founder and lead engineer of TE2 Engineering and he works diligently to educate others about how to design beyond code. Ross Trethewey joins us to discuss the key elements of HVAC design, the benefit of heat pumps, and what new technologies are going to drastically change the industry in the near future. Show highlights include: 03;55 Introduction and Background 06:35 Building Science and HVAC Design 8:30 Indoor Environmental Quality and Comfort 11:00 What drives code? Efficiency vs Comfort 21:00 The Benefits and Future of Heat Pumps 30:00 Emerging Technologies in HVAC Design 32:50 Geothermal Systems and Solar Integration 34:45 What’s coming up next and how to connect You can learn more about Ross at https://te2engineering.com/. Social media: Instagram Twitter LinkedIn Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:36:51

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Ep 165: Getting Intentional

9/3/2024
Today’s guest shares his journey from the family chocolate business to becoming a sought-after builder in Rhode Island. Jeff Sweenor, founder of Sweenor Builders, delves into the evolution of his business, the importance of intentional client selection, and the transformation of his company culture. This has led to attracting and retaining talented individuals and an incredible opportunity to be involved with This Old House. Through over 30 years of challenges and obstacles, Jeff has learned most lessons that any successful builder has to learn. Listen in and you can learn them too. Show highlights include: 03:10 The Journey of Sweenor Builders 08:40 Intentional Client Selection: The Key to Building Success 12:35 Determining your ideal client 15:45 Where does the budget come from? 19:15 How to choose your projects? 20:55 Ways the business has changed 23:00 The Role of a Chief Performance Officer 26:00 The Negative Impact of Being Too Nice 32:45 Elevating the Workforce for Talent Attraction 38:00 This Old House 43:30 The best advice - use social media 46:35 What’s coming up next and how to connect You can learn more about Jeff at https://sweenorbuilders.com. Social media: Instagram Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:50:38

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Ep 164: Paradigm Changers

8/6/2024
Human-centric, sustainable, green, high-performance and fully-supportive are the buzzwords of the last few years in custom home design. Today’s guest has been incorporating these elements into her home designs for decades - before there were labels to define the trend. Jenny Pippin, founder of Pippin Home Designs, shares what it means to incorporate the specific needs of clients with the natural harmony of location and space. The popularity of bringing the outdoors in and maximizing efficiency in new homes is only growing in demand. Listen in as we hash out the building science behind the trend. Show highlights include: 02:05 Introduction to Jenny Pippin and Pippin Home Designs 06:00 Early days of full supportive homes 07:10 Creating Fully Supportive Homes: A Human-Centric Design Approach 11:30 How do clients figure out their priorities in how a home supports them? 14:00 How important is the lot? 14:53 Ideal clients and finding each other 16:50 What surprises people about a Supportive Home? 18:40 The standard must be met 20:00 Building Science in homes and the trends 24:00 Examples of client experiences 29:55 Navigating Rising Construction Costs and Budgeting Challenges with great design 35:25 The Importance of Team Collaboration in Home Design 40:00 What excites you about the next year 45:35 How to connect You can learn more about Jenny at https://www.pippinhomedesigns.com/. Social media: LinkedIn Facebook Instagram Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:44:26

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Ep 163: NAHB Economic Update 2024

7/2/2024
We’ve invited back a special guest to give our annual economic update on the housing industry. Danushka Nanayakkara, Assistant Vice President for Forecasting and Analysis at the NAHB, joins the podcast again to share the annual outlook. Listen in to learn the trends for the next 18 months, where the industry is struggling most, and the direction the interest rates are headed next. Show highlights include: 02:45 Introduction and Background 4:40 What was surprising economically this year? 07:55 Interest Rates and Inflation Outlook 14:35 Affordability Challenges and the Need for More Affordable Housing Units 24:55 Creative housing solutions and zoning 32:00 Economic trends for the next 18 months 38:40 Getting young buyers into the market 41:15 What does the industry look like 5 years down the road? 44:00 What excites you about the next year 45:35 How to connect You can learn more about Danushka at https://eyeonhousing.org/. Social media: LinkedIn Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:46:44

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Ep 162: The Importance of Home

6/4/2024
These two childhood friends took a leap of faith and started their own custom home building business over two decades ago and never looked back. Weathering the turbulent Great Recession in ‘08 and, now, Covid, these two home builders have joined us to share the hard lessons they’ve learned and the tools they’ve used to build success. Chris Ehrenfeld and Jason Dell cover the trends that are taking their market by storm, and how they keep their customers happy. Show highlights include: 02:30 Childhood Friends Turned Business Partners 07:35 Bold Construction the journey 09:01 Navigating the Great Recession and Pivoting 11:15 Implementing Systems and Processes with EOS 18:30 The behavior of buying habits and what clients what 22:15 The Impact of Remote Work and Commuting 25:37 The Importance of Customization and Design 30:20 Navigating the Overwhelming Choices in Home Building 34:40 Current trends in homes 39:45 What excites you about the next year 44:50 How to connect You can learn more about Jason and Chris at https://buildboldnc.com/. Social media: LinkedIn Facebook Instagram Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:45:52

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Ep 161: 2024 State of the Industry

5/7/2024
2024’s SORCI Report is an incredibly useful source of data that our guest today helped design at The Association of Professional Builders. Russ Stephens joins us for another year to go over the annual report and share the new industry trends he’s seeing, along with the biggest challenges facing builders and remodelers this year. This is an episode you can’t afford to miss. Show highlights include: 01:15 Introduction of the Guest 02:32 Importance of Participating in the SORCI Survey 05:45 Highlights from the 2024 SORCI Report 07:30 Marketing Challenges for Builders 13:00 Content Creation and Marketing Strategy 19:55 Importance of Accurate Financial Reporting 22:25 Trends in Talent Acquisition and Employee Retention 25:55 Trends in the Residential Construction Industry 35:55 Accessing the SORCI Report 36:45 Exciting Developments in the Industry and Personal Life You can learn more about Russ at https://associationofprofessionalbuilders.com/. You can download this year’s SORCI report here. Social media: LinkedIn - https://www.linkedin.com/company/the-association-of-professional-builders/ Youtube - https://www.youtube.com/channel/UCx3f5Njk_SkTIh7zEbg7qcA Instagram - https://www.instagram.com/apbbuilders/ Twitter - https://twitter.com/apbbuilders Facebook - https://www.facebook.com/associationofprofessionalbuilders/ Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:40:31

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Ep 160: Customer Lifetime Value

4/2/2024
Doors and windows complete every home, and today’s guest knows first hand how competitive the market is for selling these products. Alan Lockuff, Business Development Manager with Andersen Windows and Doors, shares the benefits of a good company culture, building a strong team, and investing in business development. Even large companies had to build a strong foundation in order to thrive. Show highlights include: 04:00 Alan’s Background 06:55 Andersen Windows and Doors: Changes and Focus 10:15 Identifying Ideal Customers 11:35 Providing Value Beyond Price 14:30 Delivering a World-Class Customer Experience 18:20 Building a Strong Team 25:00 The Importance of Involvement in Associations 31:00 Moving for Your Job 35:35 Outlook for 2024 and Beyond 37:35 Excitement for the Year Ahead 40:22 How to connect and what’s coming up next? You can learn more about Alan at alan.lockuff@andersencorp.com or at ttps://www.andersenwindows.com/. Social media: LinkedIn - https://www.linkedin.com/feed/ Youtube - https://www.youtube.com/@andersenwindows Instagram - https://www.instagram.com/lockcuff.alan Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:41:55

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Ep 159: It’s a Big Small Industry

3/5/2024
Distribution partners are integral to the custom home building and remodeling industry, and today’s guest is no exception. Scott Thomas, Director of Sales at Parksite, originally started in the industry as a Tyvek specialist before working his way up. Today he joins us to share his thoughts on the value of distribution partners, the newest industry products, and the importance of building strong relationships. Show highlights include: 00:00 Introduction and Background 02:34 Scott's Journey in the Building Industry 03:24 Transition to Consulting and Salesforce 05:00 Starting and Selling a Consulting Company 06:00 Entrepreneurial Roots and Education 09:20 Return to Parkside and Reasons for Coming Back 11:02 Overview of Parkside and Scott's Role 12:45 Value Provided by Distributors 21:20 Trends and New Products in the Industry 23:43 Focus on Sustainability and Green Products 26:40 Impact of the Pandemic on Distribution 29:52 Importance of Face-to-Face Relationships 32:40 Building Loyalty and Allegiance 34:48 Creating a Strong Team and Delivering a Great Experience 36:18 Future Plans and Excitement 39:50 How to connect and what’s coming up next? You can learn more about Scott at https://www.parksite.com/. Social media: LinkedIn - https://www.linkedin.com/today/author/scottthomas08/ Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:41:25

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Ep 158: Your Brand is Your Foundation

2/6/2024
Standing out in a crowded industry, especially one that struggles with a poor reputation is an age old problem for business owners in the construction field. Building a brand is the foundation for growing your business into something that employees are proud to work for, and clients are proud to work with. Today, Natalie Harper joins the show to share her best tips for success when it comes to not only standing out - but standing up for something bigger. Show highlights include: 2:50 Natalie’s start in PR and all about hockey 5:50 Getting started in marketing 8:50 Fundamentals of building a brand 11:25 How to build a foundation 14:11 Investing in knowing who you are early on 17:22 Like attracts like 21:14 Five C’s 26:20 Identifying which communities are important 30:05 What have the best brands done well to be successful? 32:14 Is it what you build or how you build it? 34:30 Your personal brand vs. the company brand 42:20 What have you learned from working in the custom construction industry? 51:20 Appreciate each other and your partners 54:35 How to connect and what’s coming up next? You can learn more about Natalie at https://www.harperpr.com. Get inspired at alairmagazine.com. Social media: LinkedIn - https://www.linkedin.com/in/natalieharperpr/ Instagram - https://www.instagram.com/harper_pr/ Facebook - https://www.facebook.com/HarperPR/ Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:57:28

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Ep 157: The Customer Experience

1/2/2024
Today’s episode features a familiar voice. To kick off Season 4 we’ve brought back the annual favorite - Steve Barkhouse, owner of Amsted Design|Build. This year we’re treating you to his company’s step by step process for delivering the ultimate customer experience during a custom home building or renovation project. If you’ve been struggling as the industry has shifted from the ease of the pandemic building boom to what it is today - this is an in-depth look at what’s working and why it works. Show highlights include: 2:00 What’s happened in the last year? 3:00 Homebuilders and remodelers are no longer order takers 4:05 Shifts in the permit market 6:10 Defining the client experience plan 11:00 How did you design the experience? 12:55 The first real touch 16:33 The In Home Consultation 22:45 A modest investment of time and professionalism 25:22 Diving into development 27:00 Presenting to the client and design agreement 29:37 Helping clients understand budget in the current economic climate 35:15 Having fun and signing the contract 36:48 Handoff process 39:30 Discovery After Demolition 41:30 Trusted advisors and solid teamwork 44:10 Electrical walk throughs are important 44:50 Critical 10 - the last ten percent 47:10 Completion date, payment, and celebration meeting 53:50 How to connect and what’s coming up next? You can learn more about Steve at https://www.amsted.ca/. Social media: LinkedIn - https://www.linkedin.com/in/stevebarkhouse/?originalSubdomain=ca Or hit us through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:56:53

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Ep 156: Best of 2023

12/26/2023
It’s the end of 2023 and today Duane and Dave recap some of the most memorable moments from Season 3. This highlight reel revisits a few of the best nuggets from this year. We hope to hear from our Builder Nuggets community what you took away, and what you’d like to hear more of in the future. Reach out on our social links below or visit our website. Show highlights include: 3:15 Ep 146 with Sam Rashkin 7:15 Ep 145 with Steve Arneson 11:05 Ep 109 with PJ Antonik 13:15 Ep 120 with Rob Cecil 16:50 Ep 122 Sabrina Starling 20:10 Ep 105 with Steve Barkhouse 22:40 Ep 126 with Gord Cooke 25:55 Ep 152 with Cheryl Hickey and Justin Thompson 30:05 Ep 140 with Mark Richardson 33:40 Ep 140 with Meghan Billings 37:50 Ep 155 with Chris Thomson 41:22 Reach out with your thoughts for Season 4 You can learn more about the show at https://buildernuggets.com. Social media: LinkedIn- https://www.linkedin.com/in/duanejohns Instagram - https://www.instagram.com/buildernuggets/?hl=en Facebook - https://www.facebook.com/buildernuggets/ Podcast - https://podcasts.apple.com/us/podcast/the-builder-nuggets-podcast/id1532287154 To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:42:40

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Ep 155: Be Your Word

12/19/2023
Becoming successful doesn’t happen alone. It often takes support and mentorship - two things which can be difficult to find and cultivate. Our guest today is Chris Thomson, Head Coach at Student Works, who helps young entrepreneurs become successful business owners. He joins us to share his goal of creating 1000 millionaires, and his building blocks for making it happen. Show highlights include: 3:05 Chris’s background 4:38 Studentwork’s mission 7:13 How to collaborate and build a mastermind 11:05 How do we hold people accountable? 16:30 Is there ever resistance? 19:45 Recruiting to attract top talent 25:47 Success stories and 1000 Millionaires 30:00 How do you start on this path? 34:45 What do graduates go on to do? 38:50 Where do your coaches come from? 42:20 Has the program ever negatively impacted a student’s schooling? 45:50 How to get in touch and What’s coming up next? You can learn more about Chris at https://www.studentworks.com or at cthomson@studentworks.com. Social media: LinkedIn- https://www.linkedin.com/in/chris-thomson-swp/ Podcast - https://podcasts.apple.com/ca/podcast/leaders-of-tomorrow-podcast/id1448651718 Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:50:16

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Ep 154: Gravitating Towards the Hard Stuff

12/12/2023
It’s a fact that women and minorities are underrepresented in the construction industry. Our guest today has been working to change that and making waves across the country. Today, Nora El-Khouri Spencer, founder and CEO of Hope RenovationsRenovations, joins us to talk about taking on the difficult task of breaking norms, creating change, and tackling the hard stuff. Her model was the first of its kind, and has been instrumental in positively impacting her community. If you’ve been wondering how to make your own business more inclusive, it’s time to learn from NAHB’s Woman of the Year for 2023. Show highlights include: 3:24 How Nora got started in the industry 5:00 Deciding to build a business 6:00 What was the reception from Nora’s circle 7:56 Who were some of the first women hired? 10:00 What are some of the most exciting opportunities available? 11:45 Teaching women there are opportunities in the trades is rare 13:45 What does Hope Renovations do? 15:50 How do women feel about participating in the construction industry? 17:35 Will Hope Renovations grow into other disciplines outside of trades? 19:35 How big is the organization? 21:45 What ways can other leaders get involved in this? 24:11 What conversations are being had with younger kids? 25:15 Who all wants to join? 27:30 A memorable student experience 30:20 What has the older generation thought about you and what do they need? 35:20 How to get in touch and What’s coming up next? You can learn more about Nora at https://www.hoperenovations.org. Social media: LinkedIn- https://www.linkedin.com/company/hoperenovations Instagram - https://www.instagram.com/hoperenovations Facebook - https://www.facebook.com/hoperenovations Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:40:26

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Ep 153: The AI Opportunity Zone

12/5/2023
It’s easy to feel overwhelmed with the amount of new technology available daily. AI is taking the world by storm and it’s not always clear how it can be used to help the building sector. Today Jonathan Porter-Whistman with Perception Predict AI and Whohire.com joins us to explain the way AI is built, the purposes it can serve, and how builders, remodelers, and tradespeople can use it to better their businesses. If you’re still sifting through resumes trying to find the best talent, yet seeing turnover stay consistently high - it’s time to learn the way of the future. Show highlights include: 2:30 Jonathan’s background 4:00 How do you determine how to find the right people and then scale it? 9:00 How should we perceive where AI is today? 12:45 AIs are already starting to behave more like humans 15:20 How can the building industry get more involved with AI? 17:45 How do you know what areas to focus on and who to trust? 21:00 What is the hiring problem that AI can solve? 23:00 How does Perception Predict AI work? 30:00 AI can be a filtration tool for employers and a resume writer for employees 36:00 How to give immediate satisfaction to potential employees 39:50 What are current AI solutions that builders and remodelers can use now? 41:25 How to get in touch and What’s coming up next? You can learn more about Jonathan by emailing him at jon@whohire.com or check out ttps://www.perceptionpredict.ai/. Social media: LinkedIn- https://www.linkedin.com/in/jonathanwhistman/ Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:46:35

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Ep 152: A Great Big Huge Partnership

11/28/2023
The relationship between a builder and their client is the most important part of a build or renovation project. Cultivating trust and practicing positive communication are invaluable skills in a builder’s arsenal, and are the two most important factors in creating a successful builder-client relationship. Today, we interview Cheryl Hickey and Justin Thompson, a client and a builder, on their relationship and the incredible collaboration they shared. Completing a whole house renovation while supporting the Hospital for Sick Children (Sickkids), this partnership created a unique opportunity to support their local community. For anyone who wants to use their skills or their business to give back to others - this is the episode for you. Show highlights include: 3:00 Housing collaboration turns to community collaboration 9:35 Knowing it’s time to renovate and stay in the neighborhood 11:35 The confidence to share a build publicly 16:08 What was surprising about your renovation? 18:41 Appreciating the trades 19:50 How to be a good neighbor during a reno 22:20 Sharing a true renovation journey on social media 26:00 A successful builder/client relationship 30:20 The Sickkids initiative 36:50 What kind of feedback have you been getting? 40:40 What’s coming up next? 44:20 How to get in touch You can watch Cheryl’s home renovation collaboration with Alair here. Social media: Cheryl Tiktok- https://www.tiktok.com/@cherylhickey?lang=en Instagram - https://www.instagram.com/cherylhickey/?hl=en Facebook - https://www.facebook.com/CherylHickeyETCanada/ Twitter - https://twitter.com/cherylhickeyetc?lang=en Youtube - https://www.youtube.com/playlist?list=PLxDXsbH3Ib8754f8izXUckjKllQzyYg27 Justin Linkedin: ttps://www.linkedin.com/in/justin-thompson-1671a031?originalSubdomain=ca Instagram: https://www.instagram.com/alairhomes.ontario/ Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:47:20

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Ep 151: The Luxury Experience

11/21/2023
For many, the term luxury is a matter of status. Ted Bainbridge with Build Magazine joins us today to discuss not just the meaning of the word luxury, but what he sees trending across the board in the luxury market with both consumers and builders. Technology and sustainability might have the edge in luxury products, but what creates a true luxury experience for consumers building their custom homes? It’s all about relationships. Show highlights include: 2:50 Lessons from podcasting 4:35 How Ted got to where he is today 6:00 What is luxury today? 9:10 The technology disconnect 12:00 What experiences are people planning for in their homes during the design phase? 14:00 New products and features in luxury homes 16:40 Healthier home trend 20:40 Sustainability is popular but so are fossil fuels 25:30 Differences in the luxury experience of building a home 35:30 Customer/builder relationships can be difficult but successful 40:00 Unique and unexpected luxury markets 42:00 What’s coming up next? You can learn more about Ted at www.buildmagazine.com. Social media: LinkedIn- https://www.linkedin.com/in/ted-bainbridge-293b16168 Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:49:45

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Ep 150: NAHB Economic Update 2023

11/14/2023
It’s that time of year again when we bring you an economic update from the National Association of Home Builders. Danushka Nanayakkara, Assistant Vice President for Forecasting and Analysis at the NAHB, joins us to share the details of where the housing market is headed as we close out 2023 and head into 2024. We tackle the big questions surrounding interest rates, supply and demand, regional market differences, and whether a recession is still on the horizon. Show highlights include: 2:30 Automotive to home building 4:15 The pulse: taking a recession off the table for now 5:25 Increases in costs and interest rates 11:00 What could the new mortgage rate be in the future? 12:34 Inflation and home prices 14:35 Locked into low interest rates and unable to move 16:50 The income gap and the shrinking middle class 19:30 Will wages continue to rise? 21:50 Demand will stay strong because of millenials 26:40 Multi-generational family living and the hurdles for creating affordable housing 32:55 What should builders/remodelers do in their business to prepare now 36:35 Regional differences seen at the national level 38:50 What’s coming up next? 40:05 How to get in touch You can learn more about Danushka at https://eyeonhousing.org/author/dnanayakkara/. Social media: LinkedIn- https://www.linkedin.com/in/danushka-nanayakkara-234a2223/ Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:41:43

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Ep 149: Moving in a Positive Direction

11/7/2023
Planning for retirement is often a low priority among younger business owners. There are even established builders and remodelers that think retirement is a far off reality they don’t have time to prepare for. The truth is that there are many steps, beyond the financial, that can help prepare a person for a fulfilling retirement that are often overlooked. Today, our guest breaks down retirement planning into 8 simple steps you can work towards that will help you feel comfortable. Kevin Walsh joins us to share the roadmap he’s created, and how it felt to accomplish it himself. Show highlights include: 2:10 Meeting and providing industry resources 6:00 Financially preparing for retirement 9:45 #1 Start saving money for retirement when you first start working 17:50 Invest in your employees with 401ks 19:05 #2 Focus on your health 23:20 #3 Make time for your family 29:20 #4 Figure out your career desires 35:10 #5 Self-Development is important 40:40 # 6 Giving back to your community 44:10 #7 Social experiences are crucial 46:35 #8 Have core values in your life 50:30 What’s coming up next and how to get in touch You can learn more about Kevin and discuss the topics of today’s episode by emailing him at kevinmwalsh1962@gmail.com. Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:52:08

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Ep 148: The Tru$t Factor

10/31/2023
The adage of robbing Peter to pay Paul has been a part of the building industry for far too long. It’s eroded the trust of customers and trades who are constantly fearful of their bottom line. Builders and remodelers who manage their finances this way are floundering. Today, our guest is Jake Harris, the Founder and CEO of BuildWallet, who is challenging the industry norms by investing in the technology of the future. Listen in as he shares a new way to partition project money that reinstills trust in everyone involved. Show highlights include: 2:10 Attending the International Builder Show 3:20 How Jake got into the industry and starting his own company 9:45 Why builders shouldn’t be bankers 13:45 Inception and how BuildWallet began 22:25 How does BuildWallet work? 24:20 How does access work? 28:00 The perspective of the homeowners, the builders, and the lenders 34:30 Are users finding success? 37:00 What happens when parties disagree about the money? 43:14 What’s coming up next and how to get in touch You can learn more about Jake at https://www.buildwallet.com/. Social media: LinkedIn- https://www.linkedin.com/in/jake-harris-985a565/ Youtube- https://www.youtube.com/@buildwallet Or hit us up through our Contact Page at https://buildernuggets.com and we’ll make a personal introduction. To get the most out of this podcast, head over to https://buildernuggets.com and join our active community of like-minded builders and remodelers.

Duration:00:48:09