Industry Analysis & Industry Trends
The Remodeling industry's foundation shook as the housing bubble burst, with several factors contributing to discourage consumers from spending on home improvements. During the five years to 2020, industry recovery will be driven by improvements in employment and per capita disposable income. Home prices are expected to continue rising, facilitating growth in demand for industry services because homeowners often leverage the value of their homes through loans to fund remodeling projects... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Remodeling industry has a low level of concentration. The top three largest firms account for less than 10.0% of industry revenue in 2015. Only about 0.1% of firms employ more than 100 workers; the majority of industry operators are smaller firms that specialize in specific regions or industries. About 84.6% of enterprises have fewer than five employees.
During the five years to 2015, many firms reentered the industry due to the strong rebound in the housing market. From 2010 until mid 2011, homeowners either postponed remodeling projects or participated in do-it-yourself (DIY) projects, reducing demand for industry services. Because smaller players are typically most sensitive to changes in demand, they were the first to exit when operating conditions suffered... purchase to read more