CertainTeed, Aerialogics offer customized aerial measurement tools
CertainTeed has announced it will be employing Aerialogics’ aerial measurement technology across a number of corporate estimating, warranty and strategic account applications.
CertainTeed will also provide customized aerial measurement services to its credentialed roofing contractors as an in-house professional estimating tool, which reduces estimating costs and increases efficiency and productivity.
“Aerial measurement services are a cost-effective solution that we are excited to extend to our credentialed contractors and utilize internally as a component of corporate incentive programs, warranty documentation and solar estimating,” said Jay Butch, director of contractor programs at CertainTeed. “We are also pleased Aerialogics will fully customize their services for our credentialed contractors, making it easy for them to adopt aerial measurements to lower estimating costs, improve project planning and communication, reduce waste, and increase close ratios with custom reports being effective presentation tools.”
Aerialogics is a supplier of aerial measurement services to the U.S. roofing and insurance industries.
Remodeling reaches record levels
Residential remodeling activity hit a record high in August 2011, rising 29% in year-over-year comparisons, according to an index compiled by BuildFax, a national database of building permit data. It was the 22nd consecutive month of increases and the highest level of remodeling activity since the index was introduced in 2004.
BuildFax also released data showing, based on its national footprint of permit data, an estimate of more than 3.3 million residential remodeling projects will be permitted in 2011. This figure is up from the estimated 3.1 million residential remodeling projects that were permitted in 2010, an almost 9.5% increase.
"As mortgage rates hit record lows, it is apparent that millions of Americans are refinancing their homes and using some of their new monthly savings to reinvest in their homes with remodeling projects," said Joe Emison, VP research and development at BuildFax. "With remodeling activity growing at an estimated 9.5% in 2011 compared with 2010, this is one segment of the economy that is showing continued strength, even as other sectors struggle."
The Residential BuildFax Remodeling Index (BFRI) rose in most regions of the country in August 2011. The West showed a 9.3% rise in remodeling activity, and the Midwest rose 10.8%. In the South, gains registered a 1% month-over-month rise. Only the Northeast saw a decline (8%).
In year-over year comparisons, remodeling activity declined in the Northeast by 3.9%, while the South was up 8.2% as was the West (33.6%) and Midwest (11%).
Based in Austin, Texas, BuildFax derives its remodeling index on monthly building permit activity filed with local building departments across the country.
Emison will be speaking at the ProDealer Industry Summit on Oct. 27 in San Antonio. His topic will be “The demise of the ROI remodel and the rise of the ‘comfort’ remodel.” For more information, visit prodealer.com.
Retail crime cost U.S. retailers $41.7 billion in 2011
Shoplifting, employee or supplier fraud, organized retail crime and administrative errors cost the retail industry $41.7 billion in the United States in 2011, representing 1.6% in sales, according to the Global Retail Theft Barometer released Tuesday by Checkpoint Systems. Of that, $18.4 billion was attributed to employee theft, $14.9 billion to shoplifters, $6.6 billion to internal error and $1.8 billion to suppliers.
Internal shrink appears to be a more significant issue — 697,000 employees were caught in 2011 after having stolen an average of $1,764.76 per incident. More shoplifters were nabbed in 2011 — 1.7 million — but the average amount stolen per incident was much lower at $373.64. However, it may be difficult to draw a hard line between internal and external thievery, the author of the report suggested, as employees may be a part of an organized retail crime group and may in fact have sought employment with the sole purpose of stealing for such a group.
“Although there are commentators who view retail crime as a harmless or intriguing social phenomenon, or simply as a cost of doing business, this ignores the impact of criminal gangs, growing levels of violence against employees and customers, and the links between retail crime and drugs, fraud and extortion,” said Joshua Bamfield, director of the Centre for Retail Research and author of the study. “Moreover, retail crime on average cost families in the 43 countries surveyed an extra $200 on their shopping bill, up from $186 last year. In the [United States], that figure was $435.”
The overall shrink rate was 6% higher across the United States in 2011 versus 2010, and represented the highest percentage recorded by the survey since it began in 2007. The study monitored the cost of shrink (loss from shoplifting, employee theft and administrative errors) in the global retail industry between July 2010 and June 2011. It found that shrink increased in all regions surveyed. Customer theft, including shoplifting and organized retail crime, was up 13.4% globally and was cited as the primary cause for shrink in most countries — 43.2%, or $51.5 billion, worldwide was attributed to theft.
The 2011 study also found that while retailers increased their spending on loss prevention and security by 5.6% over 2010 to $28.3 billion globally, loss-prevention equipment’s share of total loss-prevention expenditures actually declined slightly.