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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

IBISWorld’s Building Inspectors market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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

Industry Report - Industry SWOT Analysis Chapter

The Building Inspectors industry is in the mature phase of the industry life cycle. Industry value added (IVA), defined as the industry's contribution to the economy, is forecast to grow at an annualized 3.7% in the ten years to 2019, slightly above GDP's growth of 2.5%. In general, because the industry is completely reliant on the real estate market, its life cycle stage can change depending on market conditions. If real estate is experiencing a boom, industry IVA will be higher than economic growth. Consequently, the housing downturn pushed the industry out of its growth phase. The declining value and volume of real estate transactions reduced demand for industry services, causing revenue to topple... 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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