At Yellow Sheet Analytics (YSA) and Yellow Sheet Construction Data (YSCD) and through our new information product Perspective, we describe what we do as “We measure, map and connect the ResDev industry on Vancouver Island“.
We “measure” the volume and types of new housing working its way through the residential development process. The following Development Stages serve as the progress markers along the way…
- Site Planning – those projects that are being worked on but have yet to submit a development application to a municipality
- Development Applications – those projects where a development application (rezoning or development permit) has been submitted to a municipality but has not yet been approved
- Pre-Construction – those projects that have received development approvals but have yet to begin construction
- Under Construction – those projects that have started construction
- Construction Complete – projects that have substantially completed construction
We also “measure” all the new residential building permits being issued by municipality and type. This provides a great view of the trend in construction activity across the Island and in all jurisdictions.
All companies involved in the creation of new housing can compare their individual revenues to the building permit values in total, or against any individual subset (by jurisdiction and/or type) of the data to measure their market share performance and then track over time.
This allows for the establishment of performance goals and the ability check monthly on how its going. What gets measured gets managed. And what gets managed gets better.
We also “map” the ResDev industry with all projects located on a thematic, interactive map. As Jimmy Buffet said, “Without geography, you’re nowhere”.
That is especially true for the real estate and residential development industry. Some want to develop where the action is and some want to identify the next big development area. But everyone needs to know what’s happening everywhere – both now and in the future.
Our thematic, interactive map shows each project dot coloured by Product Type or Development Stage, with the size of the dot indicating the number of new units in that project. Now it’s easy to view development activity all over the Island (zoom out) or street by street (zoom in).
And clicking on an individual project on the map will take subscribers of YSCD’s detailed data into the YSCD application to illustrate all those connected to that project and the additional detailed information for that project. That’s the “connect” part of what we do. You’ve always used YSCD for finding those working on projects and now with projects mapped – you have a geographic rolodex for Vancouver Island residential development industry.
If you’d like to see how it all works, get in touch with me (Steve@yellowsheet.ca) and I’ll gladly stop by and give you the tour.