Overview

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

IBISWorld’s Home Builders in Illinois Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Home Builders in Illinois industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Starting a New Business Chapter

    Since competition is largely based on reputation and proven performance, many new competitors find it difficult to quickly establish a foothold in the market. As a result, many new entrants will first exist as subcontractors and find work through existing companies that require additional employees for jobs.

    Existing operators experience several advantages over new entrants, including access to a pool of skilled subcontractors, ongoing arrangements with material suppliers, ongoing arrangements with financial institutions and property developers, completed examples for displaying their workmanship in a local market and potential word-of-mouth referrals.

    ..

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    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..

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    Industry Products

    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

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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

  • Major Companies
    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

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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 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.

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