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5 Tactics for Discovering Construction Industry Trends
In construction, being a step behind means missing opportunities. But the methods for staying informed of construction industry trends that worked five years ago won't cut it today. The deluge of new technologies, changing regulations, and shifting market dynamics requires more creativity to keep up with construction industry trends.
Successful leaders don’t rely on obvious information sources alone. They've developed sophisticated methods for gathering intelligence that go far beyond reading industry publications or attending the occasional conference.
Here are five insider tactics that the most successful construction professionals use to spot trends before their competition.
1. Dive deep into your industry networks
The conventional networking advice will tell you to get a basic association membership and go to meetings. But if you want to gather more useful intelligence, you need to engage with industry groups in strategic ways.
Step up on committees and working groups
Consider leadership roles in organizations like Associated General Contractors (AGC) or Associated Builders and Contractors (ABC). You’ll get access to emerging trends months before they become public knowledge.
For example, a committee might be among the first to learn about changes in sustainable building requirements or new incentive programs for adaptive reuse projects. Working groups focused on specific challenges like business development, labor shortages or technology adoption often become early indicators of industry-wide shifts.
Exchange information across markets
Form alliances with non-competing firms from different markets to share intelligence. Creating structured ways to share insights across markets can help identify emerging opportunities before they become widely known.
A network of contractors from across a state or region could identify patterns such as facility relocations and provide early warning about supply chain disruptions, labor market shifts, or successful technology implementations.
Be on the lookout for unconventional sources
Some of the most valuable insights come from unexpected places. Industry events like golf tournaments and community gatherings create informal settings where professionals are more likely to share early-stage project information.
It does help to be prepared for these conversations in these venues. For example, Noel Broughton from Krawford Construction discovered a new project opportunity in Mercator and saw that a consultant he knew was attached to the project. He brought up the project while golfing with the consultant, which led to discussions about bringing Krawford in on the work. “If I hadn’t seen their company name on a project in Mercator, I would have never brought it up,” Broughton said.
2. Take a Strategic Approach to Education
Going beyond traditional courses and certifications opens up valuable channels for trend spotting and market intelligence. The key is to view educational opportunities not just as skill-building exercises, but as intelligence-gathering platforms.
Pursue certification with purpose
When obtaining certifications and continuing education credits, focus on building relationships with instructors and fellow participants. Industry leaders are using training programs not just for education but as forums to discuss emerging challenges and solutions.
Learn across industries
Construction is a complex sector that intersects with many industries and issues. So, another effective approach is to engage with adjacent industries that influence your business.
General contractors can learn from industry events and professional development for architects, developers, and technology innovators. Developers can gain insights into productivity from manufacturers.
And you don’t necessarily have to go the formal route—your network of friends and family is likely to have a few experts in other fields who would be delighted to talk shop with you.
Seek out university and research partnerships
Construction firms are increasingly finding value in connecting with academic institutions. You could spot new building methods and construction material being tested in experimental settings. You could also build relationships with future industry leaders and innovators.
Check out, for example, the construction science research happening at Texas A&M University and the Construction Industry Institute into using AI for construction safety or National Science Foundation research on worksite safety training done with augmented reality. Very cool stuff.
Successful construction leaders don’t rely on obvious information sources alone. They've developed sophisticated methods for gathering intelligence.
3. Collect ground-level intel
Some of the best info comes from boots on the ground. While everyone else is looking at reports and databases, there's incredible value in what's happening at the project level.
Take advantage of your field team
Your superintendents and field teams are walking goldmines of information. They're on sites every day, talking to other trades, and seeing firsthand what's working and what isn't.
The key is setting up systems to capture and share this ground-level intelligence.
The most successful contractors I know have regular debriefs with their field teams, not just about current projects, but about what they're seeing and hearing across the industry. This isn't just gossip—it's valuable market intelligence that can help you spot construction industry trends before they become obvious.
Make pre-bid meetings count
Many people get this wrong about pre-bid meetings—they treat them purely as Q&A sessions about the current project. But these meetings are actually perfect opportunities to:
- Notice which competitors are branching into new sectors.
- Spot patterns in what owners are asking for.
- Identify potential partners for future projects.
- Learn about upcoming work before it hits the street.
Connect with suppliers
Your suppliers see changes in order patterns, new material requests, and evolving specifications across multiple construction projects. Staying close to supplier networks helps you anticipate both challenges and opportunities.
4. Conduct Client-Centric Research
Your clients often know about market shifts long before they become public knowledge. The trick is creating systematic ways to gather and act on these insights.
Inquire beyond basic feedback
Forget those generic "how did we do?" surveys. The real gems come from structured, ongoing conversations about where your clients see their industries heading. I've watched successful contractors transform their businesses by becoming experts in their clients' industries (aerospace or manufacturing, for example), not just in construction.
The smartest firms I know are creating client advisory boards, but with a twist. They're not just asking about construction needs—they're diving deep into their clients' business challenges.
Learning from lost bids
Here's a counterintuitive insight: your lost bids could teach you more than your wins. Of course, getting a conversation with a client to find out why they went with another firm depends on excellent relationship-building skills leading up to it.
This is a great story from a subcontractor who had a strong enough connection with a general contractor client that the head of preconstruction met with them after they lost the bid on a design-build job:
“He was very thankful for my bid, and graciously explained that the winning subcontractors had done a lot of similar work in the past. … He took the time to personally call a sub who’d lost a bid by a significant amount, and provided market insight into what their competitors were better at. He did all of this to help me win work with his firm.”
5. Gather digital intelligence
Finally, let's talk about something that's often overlooked—the abundance of information that exists in public digital records. I've spent years helping companies make sense of data, and I can tell you that some of the most valuable intelligence isn't hidden behind paywalls or locked in exclusive databases. It’s there for the taking—that is, if you have the extra hands, time, and expertise to dig through it, or if you use solutions that search and filter it for you (solutions that are worth every penny for the effort they save).
Follow the digital paper trail
Here's something I learned from countless conversations with business development teams: while everyone's chasing the same published leads, they're missing the early signals that show up in public records. Municipal planning boards, zoning committees, and permit applications tell stories about where development is heading months before ground breaks.
James Behnke at Fillmore Construction puts it perfectly: "The biggest challenge is finding information that I normally wouldn't know or is outside of my purview/relationships, I call it the unknown-unknowns."
Get smart with social listening
I'm not just talking about following construction companies on LinkedIn (though you should do that too). The real insight comes from following:
- Local economic development groups posting about future plans.
- Real estate developers sharing market analyses.
- Architecture firms showcasing concept designs.
- City planners discussing upcoming initiatives.
Set up searches for key hashtags to surface info that’s outside your existing connections, and join groups connected to the industry, such as Texas Construction Law.
Create your digital dashboard
One thing I've learned from working with data: it's not about how much information you can gather, it's about organizing it in a way that shows you patterns. That means:
- Setting up alerts for key terms in your market.
- Tracking permit applications in your target areas.
- Following local government meeting minutes.
- Monitoring real estate transactions.
The goal isn't to drown in data but to spot the signals that matter.
That dashboard view is what makes Mercator.ai such a valuable tool. As Steve Thomson from DIRTT points out, "It really allows us to parse the data, analyze it, and then make our decisions—we can put through some very quality leads to the reps out in the field. So yes, I am a fan."
Taking action to stay up to date on construction sector news
Implementing these five tactics doesn't require a massive budget or sophisticated technology. What it does require is commitment and consistency. Start with one or two approaches that make the most sense for your organization and build from there.
Remember, in construction, being first to know often means being first to win. While others are waiting for news to become public, the leaders are already building relationships and positioning themselves for success.
If you're looking to streamline your market intelligence efforts, a free trial of Mercator.ai is an excellent place to start.
The construction industry is evolving rapidly, but one thing hasn't changed: success comes to those who stay ahead of the curve. Which of these tactics will you implement first?
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