Reading the Industry: Pro Builder's Take on What's Ahead, with Rich Binsacca
Rich Binsacca has spent nearly 40 years covering residential construction -- from job sites in college to Head of Content for Pro Builder and Custom Builder, a print publication in its 90th year and NAHB's official media partner.
The thread running through this conversation is culture. The builders Rich has consistently watched perform well share one common trait:
"The best builders that I know are committed to a culture, and typically that culture is customer-focused, customer-centric. They really do a great job, operation wide, taking care of their customers and making sure that they deliver a high-quality product that meets and exceeds their expectations."
Consolidation in the mid-size builder segment is one of the more telling conversations in the episode:
"Because we're seeing more diversity among buyers, not just other builders, but private equity firms, Japanese conglomerates, and land banks, we're seeing more mid-size builders opening themselves up for sale, saying, 'Look, I'm open to a conversation that you can acquire me.' And I think part of it is just this uncertainty, and even since the pandemic, just this kind of rollercoaster economy we've been on. They're like, 'Look, I just wanna get out. I'm just done with this. I'll go be a consultant or I'll maybe work for another builder, but I don't want my own company anymore. It's too hard.'"
Buyer expectations come next. Rich's read on where younger buyers are headed includes a footnote on millennials that complicates the current Gen Z narrative:
"When you look at Gen Z now, it's kind of the same narrative, and I'm just waiting for them to go through the same life changes and say, 'Well, no, we still want single family homes.' Right now we don't, but in 10 years, 15 years, when we're maturing and we've got maybe a kid or two -- yeah, I want a yard. I want a single family home."
Labor gets a candid segment -- no false comfort on the workforce gap. Data centers come up too, with real implications for land and infrastructure. On technology, Rich highlights Fordje, ARX, and AI for Residential Construction by Grace Mase.
"The builders who will struggle most over the next 10 years are the ones who don't embrace technology and innovation."
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Rich Binsacca is a nationally award-winning journalist, editor, and communications professional. He serves as Head of Content for Pro Builder and Custom Builder, overseeing editorial strategy across print, digital, and live platforms, and as Community Builder and host for ProConnect Events -- a forum connecting home builders, design professionals, and developers with leading product manufacturers and service providers. When he's not working, you'll find him on a tennis court, on his bike (usually headed to tennis), out on a trail, or behind a camera photographing things most people walk right past. He lives in Corvallis, Oregon with his wife of 24 years and two cats.
* Pro Builder: https://probuilder.com [https://probuilder.com]
* Custom Builder: https://custombuilderonline.com [https://custombuilderonline.com]
* LinkedIn: https://www.linkedin.com/in/rich-binsacca-389124a [https://www.linkedin.com/in/rich-binsacca-389124a]
* Instagram: https://www.instagram.com/richbinsacca [https://www.instagram.com/richbinsacca]
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Chapters:
00:00 Introduction
02:37 Meet Pro Builder’s Insider
03:30 Early Journalism Spark
06:45 Construction Roots
07:16 Pro Builder Career Path
09:00 Print Legacy Goes Digital
11:14 Audience and Industry Reach
12:37 What Makes Builders Win
17:39 Consolidation and Survival Niches
20:23 Building a Sellable Business
22:32 Big vs Small Builder Experience
25:56 Quality Risks and Lawsuits
29:12 Video Marketing That Builds Trust
35:31 Hottest Markets Right Now
37:01 Hot Housing Markets
37:27 Buyer Expectations Shift
39:01 Built-to-Rent and Smaller Homes
42:00 Lease-to-Own Reality Check
46:07 Policy Barriers and Buy-Right
50:04 Where Regulation Works
52:51 Data Centers vs Housing
54:24 Offsite and 3D Innovation
56:53 Fixing the Labor Pipeline
01:00:30 AI Tools for Builders
01:05:04 Wrap-Up