Industry Analysis & Industry Trends
After a period of sharp declines resulting from the failing housing market and declining economy, the industry is set for a modest turnaround. A series of positive changes will affect revenue over the next five years as the number of housing starts increases significantly and homeownership rates improve. Although large home-improvement stores like Home Depot and Lowe's will threaten profitability, revenue is expected to rise at a moderate rate... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Lumber and Building Material Stores industry is in the mature stage of its life cycle, despite recent industry trends that might indicate an industry in decline. For example, the industry is expected to grow at a slower rate than the US economy in the 10 years to 2018. While US GDP is projected to grow at an average annual rate of 2.1% from 2008 to 2018, the industry's contribution to the economy (measured by industry value added, or IVA) is expected to decline at an average annual rate of 1.7% during the same period. This decline is attributable to the US housing market crash and resulting recession. Industry performance relies heavily on new construction and renovations... purchase to read more