A new study finds home remodeling is a hot topic in Florida right now. According to Fort Myers News-Press, new research has revealed the states most eager to fix up their homes, with Florida ranked fourth for biggest desire to revamp their properties. The study, conducted by real estate company New Jersey Real Estate Network, analyzed 50 different search terms related to remodels, such as ‘bathroom remodel’ and ‘kitchen remodel’ over the last 12 months. These searches were then scaled against local populations to determine which states are the keenest to…
Read MoreDay: August 14, 2024
Remodeling Roadmap: Good Planning Means Good Results
2023 Remodeler of the Year Elliot Pike provides his design philosophy insights. According to Over the Mountain Journal, when Elliott Pike, owner of ELM Construction, was named 2023 Remodeler of the Year by the National Association of Homebuilders at its annual awards event in February, the honor was the culmination of hard work, dedication to quality and an overall commitment to excellence. In other words, Pike said in a half-serious, half-tongue-in-cheek tone of voice, “My goal is to be the Chick-fil-A of remodeling. You can go to Chick-fil-A on any…
Read MoreLouisiana Legislative Auditor Asked To Step in on No Payment to New Orleans Contractors
New Orleans contractors are not getting paid in a timely manner; Lousiana Legislative Auditor and WDSU investigate. According to WDSU News, the audit by the state was requested by Helena Moreno, the New Orleans City Council president. The city cannot accurately determine how long it takes to pay vendors, the audit found. The accounts payable department can delete unprocessed invoices, which limits the city’s ability to determine overall timeliness. The contracting and purchase order delays prevent vendors from submitting invoices, which leads to payment delays. The city also does not…
Read MoreConstruction Backlog Stagnates, Squeezing Smaller Contractors
Rising costs have stagnated backlogs for contractors, especially firms with under $50 million in revenue. According to Construction Dive, Construction backlog stagnated at 8.4 months in July as smaller contractors felt the brunt of the pain and builders’ profit confidence hit nearly a two-year low, according to a Tuesday release from Associated Builders and Contractors. Firms with annual revenue under $50 million pushed the backlog level lower over the past month, according to an ABC member survey. Only the largest contractors, those with over $100 million in annual revenues, have a…
Read MoreOFCCP Encourages Contractors To Hire Veterans
The Office of Federal Contract Compliance Programs (OFCCP) encourages the creation of apprenticeship programs to “attract and retain” veterans. According to Ogletree Deakins, OFCCP said protected veterans must be provided equal opportunity to participate in apprenticeship opportunities and that providing such opportunities can help contractors meet their obligations to recruit and hire protected veterans. The guidance comes after OFCCP set the national veteran hiring benchmark at 5.2 percent on March 31, 2024. The OFCCP updated its guidance regarding the Vietnam Era Veterans’ Readjustment Assistance Act of 1974 (VEVRAA), which requires federal…
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