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Building Inspectors in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Building Inspectors Market Research Report | NAICS 54135 | Oct 2014

Closer inspection: The housing market recovery will lift the industry out of its slump

The Building Inspectors market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
2.8%
Annual Growth 14-19
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Profit
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Employment
35,607
Businesses
24,091
Industry Analysis & Industry Trends

Keeping in check

Demand for building inspection services will get a boost from the economic recovery over the next five years. While the weak housing market has hit industry businesses hard, the revival of housing starts and rising number of existing home sales will contribute to growth. Mortgage lending rates will continue to remain tight and hamper revenue; however, the industry is poised for a recovery... purchase to read more

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Competition

During the housing bubble, when demand was steady enough to support entry into the industry, a large number of firms entered the Building Inspectors industry. However, during the housing downturn, demand declined causing industry competition to increase as remaining operators struggle for a shrinking piece of the real estate pie. In more recent years, the recovery in the housing market has given more breathing space for industry participants as revenue climbed and competition eased. Yet, this is a temporary trend because increasing sales volume will encourage more firms to enter the market and increase competition. Competition can also vary by state to sate depending on regulatory policies, with regions under heavy regulation reducing competition... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Building Inspectors Industry?

This industry includes companies that primarily perform inspections on buildings. When inspecting a building, all aspects of its structure and component systems are evaluated, and a report is prepared on the physical condition of the property. These reports are written for buyers or others involved in real estate transactions. Building inspection bureaus and companies that carry out home inspection services are also included in this industry.

Industry Products
Home inspection servicesCommercial building inspection servicesSpecific element inspection servicesNew home construction inspection services
 
Industry Activities
Inspecting and reporting on the structural attributes of a buildingReporting on and evaluating the component systems of a building (electrical, fire, roofing and plumbing)Assessing compliance with building, electrical, plumbing and fire codesEvaluating building plans and permitsStudying and assessing the soil composition and attributes of where the building is locatedReviewing and approving plans that meet building codes, local ordinances and zoning regulationsIssuing violation notices and stop-work orders until building in violation is compliantKeeping daily logs, including photographs taken during inspection


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