Higher materials prices and labor costs have put more projects on hold and, in many cases, rendered projects infeasible, ABC Chief Economist Anirban Basu said.
“Another interesting and pivotal day in the restoration industry,” Springer said. “We've had so many of our members reach out to us today to ask: What is the impact and what is all about this major acquisition that we've heard about in CoreLogic acquiring Next Gear?"
United Property Restoration to expand its New England presence with the opening of new office in Needham Ma, serving Greater Boston and the surrounding area.
The deal, called "a very major event" by RIA President Mark Springer, combines Next Gear and CoreLogic’s Claims Connect platforms, property data and analytics, and tools for restoration contractors and insurance carriers.