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By Michael J. Berens
From January 9:
Many of the same factors that are dampening the housing market overall finally caught up with the luxury home sector during the second half of 2018. Prices and inventories have begun to drop, and sales have slowed. Luxury properties were being snapped up at a near-record rate in the second quarter. While that brisk pace actually accelerated somewhat in the third quarter, the total volume of sales declined, according to Redfin’s latest luxury home report.
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By Michael J. Berens
 From January 30: A bad year for housing got even worse in December as sales of existing homes plunged to their lowest level in over three years. Annual existing home sales ended the year down nearly 11 percent. Due to the government shutdown, official figures on sales of new homes are not yet available, but some industry sources project those, too, fell in December. Following two months of modest growth, existing home sales (by volume) tumbled 6.4 percent in December, compared to November, hitting their lowest point since September 2015. Although December traditionally is a slow month for home sales, that was nearly twice the size of last year’s month-over-month decline.
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By Michael J. Berens
From January 16: Will 2019 be another banner year for remodeling and renovation, or will firms begin to experience a softening in demand? As the new year gets underway, the answer seems to be that it depends on which part of the market you are looking at. Early indicators point to ongoing demand but a decrease in the size and value of projects. Results from the just-released Q1 2019 Houzz Renovation Barometer show "a mixed degree of caution about market conditions among contractors, architects and designers," states Houzz principal economist Nino Sitchinava.
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AWDI DOOR & WINDOW DIRECTORY |
By Lisa Mulcahy
 From October 16: Chatbots are both the wave of the present and the future. Research estimates that by next year, a whopping 80% of businesses will utilize this kind of AI technology, primarily as a real-time chat tool with consumers via instant messaging. How can you best refine your chatbot technology so it pleases your customers and provides them with the info and convenience they need to buy your products over and over again? Try these tips.
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By Patrick Hogan
From October 16: Construction HR managers admit that working in a construction site is not always a great experience for field employees. The work can be exhausting, not to mention the prospect of facing real dangers in the field. For this reason, construction HR managers are finding it difficult to retain skilled workers and attract new talent to fill jobs. Here are some of the ways you can improve employee engagement to address high turnover.
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By Joseph Brady
From November 20: Cash flow is the money that flows into your business and out of it. The inflow of cash to your business comes from sources like invoices, customer payments, savings and returns on investments. Cash flow is the backbone of any successful business. However, most business owners make the erroneous assumption that good revenue and profits indicate stable financial health. According to the Small Business Administration, however, a lack of cash flow management is the No. 1 reason most businesses fail.
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By Lisa Mulcahy
From June 26: We all remember our favorite teachers in school — and those instructors we'd rather forget, too. Employees view their tough-to-deal-with superiors the same way, of course. A less-than-personable manager may be great for your company's bottom line in terms of achieving profit, but the way he or she deals with their team should be addressed. A difficult manager can sometimes have a long-lasting impact on your entire business. The good news is you can work with even a problematic manager once you understand the type of personality you're dealing with. Let's talk about some common tough manager types — and the smartest ways to collaborate with each type most fruitfully.
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By Aki Merced
From April 17: "Revenue is vanity, profit is sanity, but cash is king." This oft-repeated adage has stood the test of time for a good reason. It is the principle that guides business owners on the importance of cash flow. No matter how successful you are in promoting your business and closing sales, operating with a negative cash flow can severely impact your operations. Here are five strategies that you can use to manage your cash better and maintain a positive cash flow.
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By Lisa Mulcahy
From November 20: When it comes to garnering consumer attention online, ephemeral content is an easy, cost-saving and creative boon to any brand — if you use it the right way. Simply defined, ephemeral content is messaging that instantly captures the attention of your audience, then vanishes in 24 hours. How do you harness the power of ephemeral content using a clear, cohesive overall strategy that will pack the biggest potential punch? Use these tips to hone your approach.
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By Terri Williams
From November 27: Unemployment is at historically low rates, which is great for employees and the economy. However, when the job market is at — or past — full employment, companies struggle to recruit workers. "In short, companies cannot hire and keep the talent they need," explains Ian Cook, Vice President of People Solutions at Visier. In fact, according to a new survey by Adecco USA, 37% of companies have loosened job requirements to hire in a tight labor market.
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