Wood Framing industry revenue is expected to grow strongly over the next five years as construction markets regain their prerecessionary strength. This resurgence will be fueled by a falling unemployment rate and increased demand for housing. Growth will occur in the residential market but will be most noticeable in the nonresidential construction market, which did poorly in the five years to 2014. Over this same period, industry inputs are expected to stabilize, resulting in wider profit margins and more new entrants.
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.
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.