NBN Online for the week of November 20, 2006

(Plain Text Version) for full graphical version, click here.

In This Issue:

Front Page
News Stories Not the Driving Force Behind Home Buying
IBS to Feature Two Showcase Homes, Ted Koppel
Advice From Industry Experts: Ramp Up Sales and Marketing
Nation's Building News Will Not Be Published Nov. 27
Coast to Coast
Housing Decline Pushing Down the Price of Lumber
Politics & Government
Lawmakers Elect Leaders for 110th Congress
It's a Marathon, Not a Sprint, NAHB Tells Congress
Katrina Cleanup, Political Wrap-Up Highlight SGLA Conference
Economics & Finance
Starts, Permits Decline in October
Moving Pumps $170 Billion a Year Into the Economy
Builders Confidence Buoyed by Stabilizing Shift in Market
Eye on the Economy: Long-Term Interest Rates to Remain Favorable
Tips
Builder's Tip: Making Low-Cost Crown-Molding Clamps
IBS
More Than 100,000 Expected at International Builders’ Show
Business Management
Try Technology Before You Buy, at IBS Computer Labs
Environment
FEMA Retooling Flood Maps for Uniformity, But at What Price?
Multifamily
Multifamily Stock Index Jumps Again in October
Enter Pillars to Be 'Best of the Best' in Multifamily
Remodelers
Concrete Counters, Safety Lighting Top Trends in 2007
Downturns: Fertile Ground for Great Ideas
Home Depot Finds Aging Baby Boomers Want to Stay Put
Sales and Marketing
Flipping Houses Is Not as Easy as It Looks on Television
Education
Remodeling Puzzle Solvers Win PREP Exams
Education Calendar
Safety
OSHA Considering Costlier Standard for Paints, Chemicals
Regulation
Panels Knock Up to Five Weeks Off Building Schedule
Legal
Illegal Immigrant Charges Against Home Builder Dropped
Settlement Proposed for Steel Tubing Lawsuit
Workforce housing
Business Leaders Help Florida Teachers Buy Homes
Labor
Student Successes Bolster Growth of Training Programs
Building Products
Software Lets Owners Check Their Business at a Glance
TV
NAHB-Produced Programs on HGTV & DIY This Week
Endowment
Scholarships Help Boost Twins’ Home Building Careers
Association News
Play Builders' Free Online Pro Football. Don't Drop the Ball.
Vegas Developer Turns Reality TV Into Charitable Giving
New York Builders Recognized for Pediatric Respite House
GM $500 Off Exclusive Offer for NAHB Members
UPS Offers Up to 30% Discount to NAHB Members on Shipping
Calendar of Events
Share Nation's Building News With Your Staff. It's Free.
NAHB Career Center

Related Articles

News Stories Not the Driving Force Behind Home Buying

IBS to Feature Two Showcase Homes, Ted Koppel

Nation's Building News Will Not Be Published Nov. 27

Advice From Industry Experts: Ramp Up Sales and Marketing

Tom Stephani, S. Robert August and Bill Becker ― industry veterans who have been through market shifts more than once ― will discuss what changes you should make to your sales and marketing in order to thrive in today’s market during an upcoming audio conference.

The hour-long teleconference, “Ramp Up Your Sales & Marketing in a Changing Market,” will begin at 2:00 p.m. EST, Jan. 9 and is available free to NAHB members. 

Stephani, August and Becker will counsel participants to be proactive and adjust their sales and marketing processes. This includes assessing and changing their sales team and how they work with prospects, reducing their inventory, shopping the competition more effectively and more.

The conference will include a 40-minute presentation, followed by 20 minutes of questions and answers from participants.

Think Like a Retailer

Builders who haven’t made any changes to their sales and marketing approach in response to the changing market need to do so — yesterday, says Becker, MIRM, CMP, managing director and president of the William E. Becker Organization in Teaneck, N.J.

He will share insights on how to develop a marketing plan that focuses on moving forward, and discuss how to re-evaluate that plan and adjust it if necessary.

“We’re in the retail business. The three things that keep people coming back are: ‘new,’ ‘grand opening’ and ‘free,’” Becker says. “Retail makes money by having something new every day.”

Keeping models fresh and offering new events on a consistent basis are crucial, he says.

Begin Building a Strong Customer Base Now

“Now is the best time to execute new sales and marketing campaigns,” says August, MIRM, CMP, Master CMP, of the S. Robert August Company, Inc., in Greenwood Village, Colo.

During the conference, he will discuss how to overcome objections, build a stronger customer base and initiate unique and distinct sales and marketing programs for the business-to-consumer and business-to-business markets.

“You’ll be able to adapt these concepts to a profit-building marketing campaign for your business, regardless of your size,” says August, who has weathered six adjustments since he’s been in the industry.

Slight Adjustments Can Improve Your Conversion rate

Moderator and veteran builder Stephani, CGB, CAPS, MIRM, CMP, of William Thomas Homes, Inc./CCC, Inc., in Crystal Lake, Ill., who also has been through numerous market shifts, says that small changes can make a big difference.

“Just some slight adjustments can improve your conversion rates and help you adjust to a changing market,” he says. He also encourages builders to look for solutions that go further than incentive packages. “Incentives are just one part. Let’s be better salespeople,” he says. “Let’s make sure the soft contracts turn into hard contracts.”

Finally, Stephani cautions, the worst thing builders can do is lose hope. “We have to make sure that people understand the sky is not falling; it’s just a little cloudy.”

Conference Topics

The 40-minute presentation will cover:

  • Minimizing objections: Understanding buyer needs, wants, abilities and fears
  • Innovation: Offering incentives to buyers and employees
  • Assessing your sales team
  • Strategizing appropriate product mix: Shopping the competition
  • Reducing inventory
  • Maximizing lender relations
  • Cutting costs

 

To Register

For more information, or to register for the free “Changing Market” audio conference, click here, e-mail Wil Heslop at NAHB, or call him at 800-368-5242 x8472.

Teleconference materials will be e-mailed to registered participants in advance.

The conference is co-hosted by NAHB’s National Sales and Marketing Council and Biztools, NAHB’s business management comprehensive resource on the NAHB Web site.


 

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