September 5, 2010

New Home Construction Data

New Home Construction

Just in cased you missed it, here is the latest US Census Bureau Release for New Home Construction Data.

Home buyer sentiment certainly has changed for the home building industry - same period year-over-year…

What are you and your organization doing to help shore the loss of new home sales?

Leave a comment below to continue this professional discussion…

How-to resource for new home builders at: http://spechomes.com

New Home Sales with Online Classifieds

Effective new home advertising on the Internet is more than combining your builder’s inventory home information with a few a pictures and submitting them to the classified websites.

Property buyers who shop on the web are usually searching for specific information, targeted to a specific local search area.

Here are a couple of tips to help get your spec house classified listings higher rankings in popular search engine results:

  1. Optimize your spec house listings for maximum search engine placement.
  • Utilize only house specific and relevant keywords in your ad titles and description
  • Limit “fluff and filler” words from content such as: the, from, and, in, at, to etc…

   2.  More search engine exposure equals better lead generation for builders.

  • Don’t waste your time advertising on sites that do not have a specialized section dedicated to Real Estate, Home Builders, or New Home listings
  • Try to find websites that cater to your house prospects buying profile

   3.  Some classified websites do a better job of distributing property ads than others…

  • Oodle, Vast, Edgeio, Propsmart and Google Base are essential to generating massive amounts of viewers to your new home classified listings
  • Keep in mind that home buyers are looking for the perfect dwelling that meets their needs - so they will probably also be searching other builder listings as well

   4.  Multimedia and prospect interaction is a must – but don’t over do it.

  • Limit your ads to containing no more than 6 to 10 pictures of the house
  • Virtual tours are nice, but make sure you utilize a fast and cost effective way to deliver the videos – there are plenty of free video hosting providers available

New Home Marketing and selling new construction housing online can be a challenge, but it does not have to be hard.

Follow the outline above and customize each spec house listing to cater to your home buyers demographics, and local housing market.

If you are a building professional who has not fully harnessed the power of advertising your new home inventory on the web, we recommend the SpecHomes.com Building Network as a great home builder Internet classified advertising solution.

New Home Marketing Begins with Trust

Our home building industry today is mostly unaware of the “power shift” that web technology has created in the minds of our home buying prospects.

Recent software developments and the implementation of fast, real time communication has decreased the resistance of new home information flow to the consumer; while increasing the speed and efficiency by which the same information is received.

The home building industry as a whole has bullied the housing consumer for decades; in the process hording all the pertinent information needed for a potential home buyer to make a favorable buying decision.

The cat has been let out of the bag regarding our information monopoly, and home buyers know it.

Because “the proverbial cat” will not get back into the bag, the dispersement of information about our products and services will not slow down; information will only increase in its ability to flow into the hands of our new home prospects.

We as an industry have got to stop fighting the winds of change with marketing and instead, build a new machine to harness the power of web technology and learn how to profit fairly from it.

Gone are the days whereby well deserving clients with money and good credit come to us meekly like lambs to the slaughter house. The”lambs” are now well informed, self educated, smart individuals, empowered with the secrets of shared knowledge found on the internet; and embittered by the mess we have made of ourselves and their sacred homes.

The new home buyer has become suspect of our decrepit ways.

Like Dorothy who discovers there is no magical powers behind the wizard’s veil – we too have been found uncovered and naked – left wanting and in shame.

Hope is not lost…

Tomorrow promises us a new chance to get it right, starting today.

We can change direction from within. We must adapt to the wants and needs of the shifting consumer. We have to retire our arrogant, self seeking, interruption marketing techniques – lest we wither and die. Financial ruin and bankruptcy is near for some, and a new beginning right around the corner for others.

Let’s create a new image of the home building industry.

One that matches the desires of our new home consumer. Let’s take action now, loving the fight back to the lines.

Let’s keep in mind, that we do more than create “lives” out of brick and stone.

Our creations house the very breath of life that is “community” – the essence of human nature for all man kind.

The golden rule for successful business has always been - give customers what they want, and make a profit by it.

Do you know what your customer wants?

Do you know what you want?

Are we not the same living flesh and blood as our customer…? just trying to iron out a happy existence with self respect for ourselves while keeping our family in tact?

Do you want to be cold called at dinner time while you are enjoying the only 30 minutes you get to spend with your spouse and honor roll kids?

How would you feel about making the largest purchase in your life and then left alone to deal with shoddy workmanship and unkempt promises?

We are not selling porn!

The product that we deliver should outlast most of the lives of those who deliver it. The home building industry cannot be about making a fast buck, we should be about making a lasting impression on a lifetime of someone’s memories.

We develop physical communities out of parcels of land, but cannot maintain relationships with those that we profit from. As an industry we want to increase profits by controlling construction cost - measuring materials down to the inch used on any given job site. But what is the real cost of broken promises to our customers?

How much is spent on damage control and reinventing our image? How many feet of lumber do you have to save to equal one satisfied homeowner referral?

A Glimpse of Model Home Tour Technology of Tomorrow

In a previous blog post, I mentioned the lack of innovation that most modern day home builders put into thier marketing efforts. Many of the same dry techniques have been used for decades, and by just about everyone else.

With the development of the Specindex site I have been extremely busy as of late, and almost forgot about that blog post. Then, sometime last week I came across this video at youtube; I paused for a moment to imagine the future of new home marketing.

Enjoy this entertaining peek at the intersection of New Home Marketing, and Technology Drive…

After watching this short demonstration of Jeff Han’s new Perceptive Pixel technology being perfected by Adobe, leave a comment with your ideas on how something like this can be used in your local home builder’s model home?