The construction industry has a serious need for accurate, local and real-time pricing data. Verisk, a data analytics and technology partner to the global insurance industry, is working to solve it.

On Thursday, Nov. 30, representatives from Verisk will illustrate during a free webinar how the company’s bid estimation and job management software, XactRemodel, uses real-time pricing data that yields maximized profit margins.

“For NAHB members, staying ahead of the curve in home construction is not just about skill, but also about leveraging the right tools and data,” said Reid Strohmeier, senior director of product marketing for Property Estimating Solutions at Verisk.

“Our upcoming webinar is crucial for NAHB members because it delves into how accurate, real-time pricing data can impact margins and operational efficiency. Attendees will gain insights into industry trends observed by experts and learn how XactRemodel can transform the way they plan projects.”

The webinar will be led by Darren Knight, director of product for XactRemodel, and Greg Pyne, vice president of pricing data services at Verisk.

Each presenter brings a wealth of knowledge and experience to the discussion. Knight has successfully launched numerous products through various online strategies and has partnered with major retailers like Walmart, Target, CVS and Walgreens.

Pyne has more than two decades of experience in the field of product development and pricing solutions.

Registration for the webinar, Optimizing Profits Margins: Navigating Regional & Material Costs in Construction, is now open.