Wood Framing in the US
Services performed in the Wood Framing industry range from platform and balloon framing, foundation laying and truss framing to plank and beam construction. These services are predominately employed in the construction of residential buildings in the United States and, to a lesser extent, in the construction of nonresidential buildings. In 2013, the residential construction market turned a corner as housing starts increased significantly. In addition, the residential construction market followed an overall trend of growth during the five-year period. In 2013, industry profit fell from the previous year as the price of lumber increased significantly. In 2015, a large decline in lumber prices led to wide margins, which are set to remain high in 2018. As profit margins widened, more industry operators entered the market and fueled employment growth. However, disappointing revenue loss prior to the outlook period led stagnant enterprise growth through 2013. Moving forward, industry revenue will continue to grow, but at a much more tempered rate. With low unemployment and a brighter outlook ahead, developers and individuals alike will once again be willing to invest in new units.
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.
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