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 - Starting a New Business Chapter
Few barriers to entry exist in the industry other than the need to obtain state-based licenses and registration. The capital equipment requirements for this industry are rudimentary and formal skill requirements are seldom enforceable. Therefore, the barriers to new entrants are generally low.
In addition, in 2008, the Environmental Protection Agency (EPA) enacted the Renovation, Repair and Painting Rule. According to this legislation, remodelers working on pre-1978 homes with lead-based paint must be certified by the EPA and use EPA-trained and certified renovators. This is to reduce the risk of harmful debris caused by remodeling activities such as sanding and demolition... purchase to read more