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 Investment Chapter
In 2013, operators in the Building Inspector industry are expected to spend about $0.06 in capital investment for every $1.00 spent on wages, indicating a low level of capital intensity. Given the industry's service-based nature, labor makes up the majority of expenses. This is especially true for nonemployers, who make up the majority of enterprises. In such firms, the inspector pockets all the revenue minus the cost of doing business, thus there is a huge labor expense.
The bulk of work is visual, although inspectors may use equipment such as tape measures, surveying instruments, electrical metering devices and concrete strength testing equipment to complete various stages of an inspection... purchase to read more