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 Key Buyers Chapter
The industry is highly fragmented, and the four largest operators (three of whom are actually hundreds of franchises operating under a brand name) represent less than 10.0% of industry revenue in 2014. The large number of nonemployers (sole proprietors or part-time inspectors) contributes to the highly fragmented nature of this industry. About 97.1% of industry enterprises are nonemployers or have fewer than five employees. Most businesses tailor towards local markets and inspector licensing, accreditation and knowledge base are usually not transferable between states.
When the housing market collapsed, industry concentration slightly increased... purchase to read more