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I was reading today in an article found on the HousingZone web site: “The residential remodeling industry now rivals home building in size, generating expenditures of about $l50 billion a year and accounting for about 2% of gross domestic product. (GDP)” and while the rise of remodeling in and of itself to challenge home building is very interesting what is got me to think and wonder about was this. Why do you all think it is that such a large segment of our GDP and economy has remained relatively untouched by the technologies and new business models of this “New Economy”?
It seems today that the news is full of stories about this and that dot.com company making inroads in all sorts of businesses except ours and most of these business segments that we read about are small compared to the building and remodeling markets piece of the total GDP (4.9%).
Do any of you have any particular insights of opinions as to why we are so far behind or do any of you see there something coming over the horizon that rest of us just don’t see yet? Who is going to lead the changes in this next century? Is it going to be the big business material manufacturers or the big builders or coalitions and communities of smaller contractors (smaller contractors which happen to be the largest component of the industry)?
Any ideas? When do you think this “New Economy” will reach us and what will it look like when it gets here?
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I was reading today in an article found on the HousingZone web site: "The residential remodeling industry now rivals home building in size, generating expenditures of about $l50 billion a year and accounting for about 2% of gross domestic product. (GDP)" and while the rise of remodeling in and of itself to challenge home building is very interesting what is got me to think and wonder about was this. Why do you all think it is that such a large segment of our GDP and economy has remained relatively untouched by the technologies and new business models of this "New Economy"?
It seems today that the news is full of stories about this and that dot.com company making inroads in all sorts of businesses except ours and most of these business segments that we read about are small compared to the building and remodeling markets piece of the total GDP (4.9%).
Do any of you have any particular insights of opinions as to why we are so far behind or do any of you see there something coming over the horizon that rest of us just dont see yet? Who is going to lead the changes in this next century? Is it going to be the big business material manufacturers or the big builders or coalitions and communities of smaller contractors (smaller contractors which happen to be the largest component of the industry)?
Any ideas? When do you think this "New Economy" will reach us and what will it look like when it gets here?