Industry Analysis & Industry Trends
Though the recession and bursting of the housing bubble caused revenue to plummet over the five years to 2012, the industry is on the mend. As unemployment falls and house prices stabilize, demand for remodeling services will rise as homeowners will have the necessary capital to fund remodeling projects. Furthermore, higher homeownership rates and tax credits for homeowners who increase energy efficiency will support revenue growth over the next five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Remodeling industry has a particularly low level of concentration. The top four largest firms account for less than 5.0% of industry revenue in 2012. Only about 0.1% of firms employ greater than 100 workers. Conversely, the majority of industry operators are smaller firms that specialize in specific regions or industries. In fact, about 84.0% of enterprises contain fewer than five employees. Non-employers' account for about 43.0% of this total demonstrating the highly fragmented nature of the industry.
During the five years to 2012, the industry experienced consolidation due to its heavy reliance on the housing market. The housing bubble burst and subprime mortgage crisis resulted in falling homeownership rates and low disposable income... purchase to read more