Wood Framing in the US
Despite some up-and-down performances, the residential construction market followed an overall trend of recovery over the five years to 2017. While demand from nonresidential construction clients has fared poorly in recent years, rising housing starts are expected to boost industry revenue. Moving forward, industry revenue will continue to grow, but at a much slower rate. With falling unemployment and a brighter outlook ahead, developers and individuals alike will once again be willing to invest in new units. However, potential further increases in the interest rate, with the 30-year mortgage expected to increase, may potentially erode new home affordability and dampen demand for housing starts. Further, growth will slow as the industry moves away from the recovery period given the state of residential markets during and following the housing crises.
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.