New foundation: Despite steady demand, industry revenue will remain below its prerecession peak

Over the five years to 2017, the Home Builders industry in Illinois is estimated to grow. Despite double-digit revenue growth, the housing market in Illinois remains buffeted by structural issues a decade after the Great Recession. However, while revenue is expected to remain well below its prerecessionary levels, growth over the current period has been encouraging. Higher disposable incomes and an improved, if not healthy, economic environment have encouraged more consumers to buy homes. In addition, accommodative interest rates and improved access to credit influenced consumers and property developers to break ground on new projects. Over the five years to 2022, industry growth is expected to continue, with the largest gains occurring in 2018...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
10.9%
Forecast Growth 17-22
Profit
Employment
10,008
Businesses
6,339
What Our Customers Say

Industry Threats & Opportunities

  • Higher disposable incomes and an improved economy have encouraged more consumers to buy homes, benefitting the industry
  • Industry operators have benefited from accommodative lending standards by banks allowing them greater financing
  • This industry remains far below its prerecessionary peaks, signifying that full recovery may take years
  • Industry Report - Industry Analysis Chapter

    Over the five years to 2017, the Home Builders industry in Illinois is expected to grow an annualized 10.9% to $1.9 billion. Such robust growth comes in the wake of slowly increasing per capita disposable income, accommodative interest rates and improving overall macroeconomic conditions throughout the state; however, the magnitude of the growth is partially attributable to the low base from which the industry came off of at the beginning of the five-year period. Indeed, the projected 2017 revenue figure is roughly 40.0% of the industry’s 2005 turnover when adjusted for inflation. Amid rising demand, profit margins have also widened, supporting the expansion of industry operators, the number of employees and total wage payments among the Home Builders industry...purchase to read more.

    Additional Insights for the Home Builders in Illinois Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Builders in Illinois Industry are

  • Having a high prior success rate (including completed prior contracts)
  • Access to multiskilled and flexible workforce
  • Development of a symbiotic relationship with another industry
  • IBISWorld analysts also discuss how external factors such as Housing starts in Illinois and Population of Illinois in the Home Builders in Illinois industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Home Builders in Illinois Industry?

    Industry operators primarily construct single-family homes, where units are separated by ground-to-roof walls and have no units above or below. The industry also includes remodeling of houses and other residential buildings. Industry operators are general contractors, design-build companies and single-family construction management companies acting as general contractors and builders.

    Industry Products
  • Vinyl siding exterior homes
  • Fiber exterior homes
  • Wood exterior homes
  • Brick exterior homes
  • Stucco exterior homes
  • Other exterior homes
  • Industry Activities
  • Single-family homebuilding and general contracting (i.e. detached housing units, townhouses and row houses)
  • Managing single-family-housing construction
  • Low-income single-family-housing construction
  • Managing residential remodeling construction
  • Handyman construction for residential buildings
  • Similar Industries
  • Construction
  • Land Development
  • Apartment & Condominium Construction
  • Architects
  • Engineering Services
  • Residential Building Construction in California
  • Apartment & Condominium Construction in Illinois
  • Remodeling in Illinois
  • Home Builders in Texas
  • Home Builders in Florida
  • Apartment & Condominium Construction in Florida
  • Remodeling in Florida
  • Home Builders in Massachusetts
  • Apartment & Condominium Construction in Massachusetts
  • Remodeling in Massachusetts
  • Home Builders in Ohio
  • Remodeling in Ohio
  • Apartment & Condominium Construction in Ohio
  • Home Builders in Pennsylvania
  • Apartment & Condominium Construction in Pennsylvania
  • Remodeling in Pennsylvania
  • Home Builders in New Jersey
  • Apartment & Condominium Construction in New Jersey
  • Remodeling in New Jersey
  • Home Builders in Georgia
  • Apartment & Condominium Construction in Georgia
  • Remodeling in Georgia
  • Home Builders in Michigan
  • Apartment & Condominium Construction in Michigan
  • Remodeling in Michigan
  • Home Builders in Wisconsin
  • Apartment & Condominium Construction in Wisconsin
  • Remodeling in Wisconsin
  • Home Builders in Washington
  • Apartment & Condominium Construction in Washington
  • Remodeling in Washington
  • Home Builders in Virginia
  • Apartment & Condominium Construction in Virginia
  • Remodeling in Virginia
  • Home Builders in Tennessee
  • Apartment & Condominium Construction in Tennessee
  • Remodeling in Tennessee
  • Home Builders in Missouri
  • Apartment & Condominium Construction in Missouri
  • Remodeling in Missouri
  • Home Builders in North Carolina
  • Apartment & Condominium Construction in North Carolina
  • Remodeling in North Carolina
  • Home Builders in Minnesota
  • Apartment & Condominium Construction in Minnesota
  • Remodeling in Minnesota
  • Home Builders in Maryland
  • Apartment & Condominium Construction in Maryland
  • Remodeling in Maryland
  • Home Builders in Colorado
  • Apartment & Condominium Construction in Colorado
  • Remodeling in Colorado
  • Apartment & Condominium Construction in New York
  • 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 in Illinois
  • Population of Illinois
  • Unemployment Rate in Illinois
  • Value of Residential Construction in Illinois

  • Current Performance
  • Rising demand, shaky foundation
  • Supporting home ownership
  • Chart: Revenue Growth

  • Industry Outlook
  • Recovery continues
  • Rental blues
  • Table: Home Builders in Illinois Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Builders in Illinois Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Finance and Insurance
  • Administration of Government Programs
  • Consumers

  • Key Selling Industries
  • Cement Manufacturing
  • Clay Brick & Product Manufacturing
  • Construction
  • Hardware and Plumbing and Heating Equipment and Supplies Wholesalers
  • Lumber and Other Construction Materials Wholesalers
  • Lumber Wholesaling
  • Ready-Mix Concrete Manufacturing
  • Roofing, Siding & Insulation Wholesaling
  • Sawmills & Wood Production
  • Stone, Concrete & Clay Wholesaling

  • Products & Services
  • Vinyl siding exterior homes
  • Wood exterior homes
  • Brick exterior homes
  • Fiber exterior homes
  • Other exterior homes
  • Stucco exterior homes
  • Chart: Home Builders in Illinois Industry Products and Services Segmentation

  • Major Markets
  • Private-sector clients - property developers
  • Private-sector clients - households
  • Government funded projects
  • Chart: Major Market Segmentation for the Home Builders in Illinois Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Home Builders in Illinois

  • Basis of Competition
  • Marketing

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Builders in Illinois Industry

  • DR Horton Inc.Hovnanian Enterprises, Inc.CalAtlantic Group Inc.Toll Brothers Inc
  • Table: DR Horton Inc. - financial performance
  • Table: Hovnanian Enterprises, Inc. - financial performance
  • Table: CalAtlantic Group Inc. - financial performance
  • Table: Toll Brothers Inc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Home Builders in Illinois 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 Home Builders in Illinois Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing Starts in Illinois (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Adjustable Rate Mortgage (Arm)
  • A type of mortgage in which the interest rate that is paid on the outstanding balance is variable.
  • Developer
  • An enterprise that prepares a real estate site for residential or commercial use, raising capital, securing zoning approvals and hiring contractors to design, construct and develop property.
  • General Contractor
  • An individual or company that manages the construction of a structure for a property owner or developer. A general contractor may retain its own labor force or use subcontractors for projects.
  • Housing Starts
  • The number of new homes under construction during a specified period of time and a key economic indicator of the health of the housing market.
  • Mortgage-Backed Securities (Mbs)
  • An asset-backed security or debt obligation that is secured by a mortgage or collection of mortgages.
  • Why buy this report?

    IBISWorld’s Home Builders in Illinois 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 Home Builders in Illinois:
    • 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 Home Builders in Illinois 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 Home Builders in Illinois, 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.

    clear