Wood Framing in the US
Over the five years to 2019, operators in the Wood Framing industry benefited from broad economic improvements in the United States. During the period, the unemployment rate remained historically low and per capita disposable income expanded. Additionally, the price of lumber is expected to have declined, limiting purchase costs for operators and increasing profit margins. As industry profit widened, more industry operators entered the market and fueled employment growth. Moving forward, industry revenue is expected to continue expanding, though at a much more tempered rate. With low unemployment and a brighter outlook ahead, developers and individuals alike are expected to 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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