25. The State of Residential Construction Industry With Russ Stephens

In episode 25 of the Professional Builders Secrets podcast, our host, Bosco Anthony is joined by APB Co-founder, Russ Stephens to talk about the State of Residential Construction Industry (SORCI) report. Throughout this episode, Russ uncovers some of the most insightful data in the 2022 report that’s benefiting builders across the world. In The State of Residential Construction Industry report, we reveal invaluable industry insights in operations, marketing, sales and financials from hundreds of surveyed builders across the United States, Canada, Australia and New Zealand. This annual report covers insider information from owners, directors, presidents and senior managers covering every aspect of their respective companies as well as industry benchmarks and international building and construction industry forecasts for the following year. During this episode, Russ talks about the inspiration behind creating the SORCI report and the value it brings to the residential construction industry. He also unveils the biggest takeaways from the 2021 data as well the trends that have emerged that are shaping the industry for 2022. Listen to the full episode now to get a true understanding of the state of the residential construction industry. ABOUT RUSS STEPHENS Co-founder of the Association of Professional Builders, Russ is a data analysis expert who has introduced data-driven decision making to the residential construction industry. Russ is also a proud member of the Forbes Business Development Council. Connect with Russ: linkedin.com/in/russstephens TIMELINE 1:16 What is the SORCI report and why did APB create it? 5:17 The gaps in the industry that inspired the creation of SORCI. 8:45 The biggest takeaway from the 2022 report. (Hint: It’s not what you think!) 11:16 The financials trends uncovered from the 2021 data. 16:08 The key marketing and sales insights. 17:56 The challenges that the SORCI data uncovered. 24:33 How the stigma of the industry is changing. 25:33 How APB actually create the SORCI report. 28:08 How SORCI is beneficial for builders all over the world. 30:15 What the SORCI data says about the future of the industry. LINKS, RESOURCES & MORE FREE DOWNLOAD: SORCI 2022 Report: go.associationofprofessionalbuilders.com/sorci-download APB Website: associationofprofessionalbuilders.com APB on Instagram: instagram.com/apbbuilders/ APB on Facebook: facebook.com/associationofprofessionalbuilders APB on YouTube: youtube.com/c/associationofprofessionalbuilders Join the Professional Builders Secrets Facebook group for builders & connect with professional builders world-wide: facebook.com/groups/builderssecrets