Burnin' down the house: Increasing real estate transactions will drive demand for industry services

Over the five years to 2017, the Building Inspectors industry has grown at a significant rate. The Building Inspectors industry is closely tied with real estate transactions, the value of residential and private nonresidential construction, as well as spending levels both by individuals and corporations. As a result, industry revenue has followed the growth in all of these factors. Over the five years to 2022, the industry will continue to grow. Increasing existing home sales and other real estate transactions will drive demand for industry services, but growth will be more subdued than in the previous period. Housing starts and existing home sales are expected to grow at a slower annualized rate than they had in the previous period...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
4.6%
Forecast Growth 17-22
Profit
Employment
38,489
Businesses
24,581
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • A growing number of building inspectors is expected to cause an increase in competition and hinder profit growth
  • Most of the operators in the industry are nonemployers or operate with less than four employees
  • Rising income levels and lower unemployment rates will enable more people to purchase homes
  • Industry Report - Industry Locations Chapter

    The distribution of building inspection locations throughout the country typically trends in line with regional population percentages. Locations with high population concentrations have the greatest amount of homes and other buildings. Consequently, there is a higher demand for building inspectors.SoutheastThe Southeast region is home to the most businesses, accounting for 28.0% of all establishments. This is primarily due to the fact that 25.7% of the United States population lives in the Southeast. Within the area, Florida is the biggest source of demand, with 12.1% of nationwide establishments. The region is also exposed to weather related natural disasters, like hurricanes, which creates demand for specialized inspectors...purchase to read more.

    Additional Insights for the Building Inspectors Industry

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

  • Having a good technical knowledge of inspection processes
  • Ability to attract local support/patronage
  • Ability to franchise operations
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Building Inspectors industry impact industry performance..

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    What is the Building Inspectors Industry?

    This industry includes companies that primarily perform inspections on buildings. When industry representatives inspect a building, they evaluate all aspects of its structure and component systems, and they prepare a report on the physical condition of the property. These reports are written for buyers or others involved in real estate transactions. Building inspection bureaus and companies that carry out home inspection services are also included in this industry.

    Industry Products
  • Home inspection services
  • Commercial building inspection services
  • Specific element inspection services
  • New home construction inspection services
  • Industry Activities
  • Inspecting and reporting on the structural attributes of a building
  • Reporting on and evaluating the component systems of a building (electrical, fire, roofing and plumbing)
  • Assessing compliance with building, electrical, plumbing and fire codes
  • Evaluating building plans and permits
  • Studying and assessing the soil composition and attributes of where the building is located
  • Reviewing and approving plans that meet building codes, local ordinances and zoning regulations
  • Issuing violation notices and stop-work orders until building in violation is compliant
  • Keeping daily logs, including photographs taken during inspection
  • 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
  • Existing home sales
  • Government consumption and investment
  • year conventional mortgage rate

  • Current Performance
  • Industry demand grows
  • Slight decrease in profit
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady growth
  • Competition and profit
  • Table: Building Inspectors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Building Inspectors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Commercial Leasing
  • Real Estate Appraisal
  • Professional, Scientific and Technical Services
  • Administration of Government Programs

  • Key Selling Industries
  • Camera Stores
  • Computer & Packaged Software Wholesaling
  • Direct Mail Advertising
  • Finance and Insurance

  • Products & Services
  • Home inspection services
  • Specific element inspection services
  • Other
  • Commercial building inspection services
  • New home construction inspection services
  • Chart: Building Inspectors Industry Products and Services Segmentation

  • Demand Determinants
  • Existing home transactions
  • The construction market
  • Repair and reconstruction demand

  • Major Markets
  • Commercial and other markets
  • Home buyers and sellers
  • The government
  • Contractors
  • Chart: Major Market Segmentation for the Building Inspectors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and depreciation
  • Marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Building Inspectors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Building Inspectors 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 Building Inspectors 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 Building Inspectors Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Existing home sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    House Price Index
  • Captures trends in the national housing market. It adjusts for the quality, size and location of homes to keep prices comparable across areas and in the long term.
  • Housing Starts
  • The number of new homes under construction.
  • Radon
  • A colorless, odorless and tasteless radioactive gas formed during the natural breakdown of uranium in soil, rock and water. It exits the ground and seeps into homes through cracks in the foundation.
  • Specific Element Inspection
  • An inspection of a particular system within a building. For example, the building's roof or electrical system.
  • Why buy this report?

    IBISWorld’s Building Inspectors 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 Building Inspectors:
    • 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 Building Inspectors 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 Building Inspectors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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