During the five years to 2014, the Lumber and Building Material Stores industry was hit hard by the economic recession and subprime-mortgage collapse. The industry suffered from weakened demand due to a nationwide halt to building construction and volatility in the cost of lumber plagued storeowners. However, a rapid rebound during the latter half of the period helped spur rapid industry growth. A massive pick-up in the number of new housing starts, as well as resumed remodeling activity, drove demand for industry products. Furthermore, rising consumer confidence and household income helped ignite remodeling activity forestalled during the recession, providing additional demand for lumber and other building materials used in home improvement projects. In the five years to 2019, the housing and nonresidential construction markets are poised to continue to strengthen and increased consumer spending on home improvements will drive industry growth.
This industry consists of stores and dealers (e.g. lumberyards) that retail building materials such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry does not include home improvement centers, paint and wallpaper specialty stores, or hardware stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.