gcc (or other compilers) often generate huge text output and it's very difficult to see where the error is or miss warnings. I've done some search but havn't found a clean simple solution to color code the compiler output (so for instance warnings are yellow, errors are red, etc...)
here's an alternative if you are looking for something very simple:
#!/bin/bash -e
make ${@} 2>&1 | perl -wln -M'Term::ANSIColor' -e '
m/Building|gcc|g++|\bCC\b|\bcc\b/ and print "\e[1;32m", "$_", "\e[0m"
or
m/Error/i and print "\e[1;91m", "$_", "\e[0m"
or
m/Warning/i and print "\e[1;93m", "$_", "\e[0m"
or
m/Linking|\.a\b/ and print "\e[1;36m", "$_", "\e[0m"
or
print; '
Just alias your make to this script and make sure it's executable...