Menu
Industry Trends7 min

Why You Should Rely On Data Rather Than Instinct

Data-driven Construction Helps Builders Mitigate Risk and Strengthen Profitability

For many years, construction pros have relied on experience and gut instinct more than on data, but that’s rapidly changing. Many banks, investment groups and insurance companies now need a construction data analysis to help identify potential risks before okaying a construction deal. And in the field, builders need easy access to actionable information – both at the lot level and company-wide – to help boost quality, control costs and manage trade partners.

LP helps customers, in part, by sharing data and industry insights. This is particularly helpful for smaller builders trying to compete with bigger builders in their market.

LP views itself as more than simply a manufacturer; rather, it values the depth of the relationships it forms with customers. It is an example of a building solutions company using data in transformative ways to help customers. “We’re leveraging data to better understand how we can bring value to contractors and homeowners,” says Liz Hunt, an LP marketing automation specialist. “A great example is the LP BuildSmart® app, which allows our preferred contractors to manage their homeowner leads. Not only are we helping connect homeowners with qualified remodelers, we can also identify which areas of the country have the most demand for LP® SmartSide® products.”

The LP BuildSmart Program rewards your hard work with access to proven product training, marketing support and priority lead generation. Ready to apply now?

But LP doesn’t work alone in this endeavor to support customers. They turn to other industry resources, like IBACOS, to understand and address industry challenges.

“Our company is really a knowledge provider that leverages technology, not a software company in the homebuilding space,” says Glenn Cottrell, managing director of Builder Solutions at Pittsburgh-based IBACOS, makers of the PERFORM® lot-level quality inspection platform that offers on-site installation tips for hundreds of building products (including several LP solutions). Cottrell’s team recently helped create a digital guidebook and library of installation illustrations to support in-field technical standards for Toll Brothers, America’s fourth largest homebuilder.

Using PERFORM on a smartphone or tablet, a field manager can quickly validate that the jobsite complies with Toll technical standards. It’s also an excellent on-site training tool. “If supervisors are inspecting a shaft liner installation and want to make sure it’s done right, they can pull up a side-by-side checklist and illustration. If improvements are needed, a supervisor can show the trade contractor exactly what’s expected.”

Like most other industries, homebuilding is getting too complex to rely solely on experience and instinct. Homebuilder data analysis is an inextricable part of everything from project financing and risk management to quality assurance and customer satisfaction.

Continue Reading
Business Advice6 min

Top LP WeatherLogic® Air & Water Barrier Installation Mistakes

With this guide, you can avoid these top mistakes and ensure LP WeatherLogic panels keep air and water out—and that they’re backed by the LP WeatherLogic 30-year limited warranty.

Continue Reading
Business Advice4 min
What’s Behind the Walls: Tips for Selling Long-Term Home Value

The initial conversations with new homebuyers generally focus on architectural style, price per square foot and aesthetic requirements (like the dream kitchen island!). Discussing the structural details that determine the value of your home often happen while poring over blueprints. Here are some tips for having a conversation with your clients to help them understand the importance of investing in the part of their home that’s never seen.

Renovation6 min
How to Repair or Replace Rotted Siding

In this guide from LP® SmartSide® Trim & Siding, you’ll learn how to replace rotted siding on a house and how to repair rotted wood siding, depending on the severity of your client’s current siding’s damage. With these simple tips, you’ll be able to spot damage and recommend new products that will help your clients enjoy their home’s new exterior look.

News & Stories5 min
Using APA Structural I Rated Sheathing: Building With LP Structural Solutions for Added Strength

When the build requires greater strength, look for an OSB roof and wall sheathing that is APA Structural I Rated Sheathing—also known as Struc I—for increased structural reliability. What is APA rated sheathing? This valuable designation is a “stamp of approval” that verifies the panels have passed APA’s manufacturing and performance standards.