Industry Analysis & Industry Trends
The Home Builders industry experienced a dramatic decline in revenue stemming from the subprime mortgage crisis, the bursting real estate bubble and the collapse of credit markets. Following the cyclical pattern of boom-and-bust that is traditional of economic cycles, improvements in the general economy will support industry growth. The industry will also benefit from improvements in housing demand, lending activity and real estate values over the five years to 2019... purchase to read more
Industry Report - Starting a New Business Chapter
No specific barriers to entry exist in the industry other than the need to obtain state-based licenses and registration. But because competition is largely based on reputation and proven performance, many new competitors find it difficult to quickly establish a foothold in the market. As a result, many new entrants will first exist as subcontractors and find work through existing companies that require additional employees for jobs.
Existing firms enjoy several advantages over new entrants, including access to a pool of skilled subcontractors, ongoing arrangements with material suppliers, ongoing arrangements with financial institutions and property developers, completed examples for displaying their workmanship in a local market and potential word-of-mouth referrals... purchase to read more