This handy piece of code colors errors and warnings in make output.
(put it in your .bash_profile)
make()
{
pathpat="(/[^/]*)+:[0-9]+???
ccred=$(echo -e ???\033[0;31m")
ccyellow=$(echo -e "\033[0;33m")
ccend=$(echo -e "\033[0m")
/usr/bin/make "$@" 2>&1 | sed -E -e "/[Ee]rror[: ]/ s%$pathpat%$ccred&$ccend%g??? -e ???/[Ww]arning[: ]/ s%$pathpat%$ccyellow&$ccend%g???
return ${PIPESTATUS[0]}
}
via shawnwilsher.com
An alternative would be to install colormake and use that instead of the normal make command.