In the face of escalating natural disasters, insurance carriers are under immense pressure to refine their catastrophe (CAT) risk models. Traditional hazard maps provide a macro-level view of risk zones, but they often lack the granularity needed for precise underwriting. Enter building permit data—a dynamic resource that, when integrated with hazard maps, offers a more nuanced … [Read more...]
Construction Market Trends for March 2025
The construction market had an increase in March over February, and New Construction continued to remain fairly static year-over-year, and Alterations saw an increase. New Construction Month over Month change: +7.51%; Year-over-Year Change: -0.01% Alterations Month over Month change: +7.03%; Year-over-Year Change: +1.01% Regionally, all regions saw an … [Read more...]
7 Hidden Project Opportunities You Can Spot with Building Permit Data
If you’re a material supplier or subcontractor, you know how frustrating it can be to find quality projects before your competitors do. You could wait for referrals. Or chase stale bid boards. Or… you could get in front of new opportunities the moment they file a permit. With the right permit data, you can identify high-value projects, reach out early, and build … [Read more...]
Construction Market Trends for February 2025
The construction market had a small increase in February over January, and New Construction remained static year-over-year, however Alterations saw an increase. New Construction Month over Month change: +3.59%; Year-over-Year Change: -0.06% Alterations Month over Month change: +2.40%; Year-over-Year Change: +2.4% Regionally, Northeast was the only region to … [Read more...]
BuildZoom Project Pulse – March 2025
Client Highlight Frenchies Modern Nail Care Our clients at Frenchies Modern Nail Care secured a 1,450 sq. ft. retail space, eager to transform it into a sleek nail salon. Their top priorities? Maximizing their eight-month free-rent period and sticking to their $250k budget. With plans finalized in November—just as contractors became scarce for the holidays—we acted fast, … [Read more...]