Frame of mind: The industry will grow as construction markets regain their prerecessionary strength

Services performed in the Wood Framing industry range from platform and balloon framing, foundation laying and truss framing to plank and beam construction. These services are predominately employed in the construction of residential buildings in the United States and, to a lesser extent, in the construction of nonresidential buildings. In 2013, the residential construction market turned a corner as housing starts increased significantly. In addition, the residential construction market followed an overall trend of growth during the five-year period. In 2013, industry profit fell from the previous year as the price of lumber increased significantly. In 2015, a large decline in lumber prices led to wide margins, which are set to remain high in 2018...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue and profit margins have fluctuated with volatile demand from construction markets
  • The increase in input costs has forced operators to continue downsizing to remain profitable
  • Corporate profit growth is expected to boost demand for industry services
  • Industry Report - Industry Key Buyers Chapter

    The Wood Framing industry is characterized by a low level of market share concentration. There are no dominant players in the industry as most wood framing services are subcontracted to small local operators. Collectively, over 95.0% of industry operators employ fewer than 20 workers and over 75.0% employ fewer than five. Subcontracted work is typically offered through a bidding process, which limits the ability to dominate the industry. Further, cost savings achieved through economies of scale are mostly observed at the local level as builders demand operators with knowledge of local regulations and suppliers. This trend is not expected to change over the next five years, as homebuilders will continue to use subcontractors for their projects...purchase to read more.

    Additional Insights for the Wood Framing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Framing Industry are

  • Having a good reputation
  • Ability to compete on tender
  • Having a high profile in the market
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Wood Framing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Wood Framing Industry?

    This industry comprises establishments engaged in platform and balloon framing, fastenings, foundation laying, truss-framed and plank and beam construction, using wood-based products. Contracted work typically includes new construction, alterations, maintenance and repairs and additions. This industry excludes finish carpentry and framing using steel, precast concrete or nonwood products.

    Industry Products
  • Residential new work
  • Residential additions, alterations and repairs
  • Nonresidential new work
  • Nonresidential additions, alterations and repairs
  • Industry Activities
  • Constructing and installing balloon frames
  • Constructing and installing platform frames
  • Constructing and installing truss frames
  • Constructing and installing roof and ceiling frames
  • Constructing and installing plank and beam frames
  • Constructing and installing floor framing
  • Constructing and installing exterior and interior wall frames
  • Fireproofing concealed spaces in wood framing
  • Installing footings to support foundations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Value of residential construction
  • year conventional mortgage rate
  • Price of sawmill lumber

  • Current Performance
  • Residential construction activity
  • Input prices and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing expectations
  • Moderate nonresidential construction
  • Industry operations
  • Table: Wood Framing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Framing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Home Builders
  • Apartment & Condominium Construction
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Finance and Insurance
  • Heavy Equipment Rental
  • Industrial Machinery & Equipment Wholesaling
  • Lumber Wholesaling

  • Products & Services
  • Residential new work
  • Nonresidential new work
  • Residential additions, alterations and repairs
  • Nonresidential additions, alterations and repairs
  • Chart: Wood Framing Industry Products and Services Segmentation

  • Demand Determinants
  • Demand from the residential building market
  • Substitute products

  • Major Markets
  • Single-family houses, detached
  • Multifamily units
  • All other buildings
  • Single-family houses, attached
  • Stores, restaurants and other commercial buildings
  • Educational buildings
  • Office buildings
  • Farm buildings
  • Chart: Major Market Segmentation for the Wood Framing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Wood Framing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Framing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Framing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wood Framing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • refers to the space between two vertical beams
  • Joist
  • A horizontal support that runs between foundations, beams, floors and walls.
  • Top Plate
  • a horizontal unit connecting vertical beams on the top
  • Trusse
  • Structure with five or more triangle-shaped wooden pieces that bear weight.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Wood Framing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Framing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Framing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Framing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.