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          1. Framing Contractors Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/8/2020
            SIC Codes: 1751
            NAICS Codes: 238130
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Framing Contractors Industry Profile

            Companies in this industry are engaged in structural framing and sheathing of buildings. No major companies dominate the industry.

            Wood-framed single-family housing, the primary source of business for framing contractors, is more prevalent in the US than in many other parts of the world. Urban density, timber availability, historical building patterns, and income levels limit residential wood framing activity.

            The US framing contractor industry includes about 11,000 establishments (single-location companies or branches of multi-location companies) with combined annual revenue of about $13.5 billion.

            Contractors in the industry use steel as well as wood to frame buildings. Installation of structural steel and precast concrete framing is not included in the industry, however.

            COMPETITIVE LANDSCAPE

            Demand is driven heavily by new home construction. The profitability of individual companies depends on a steady volume of contracted work, accurate work estimation, and cost controls. Large companies have advantages in working in multiple geographies and may have relationships with high-volume production homebuilders. Small companies compete based on quality service and local reputation. The industry is fragmented, and small companies are prevalent. Three-fourths of US framing contractors have fewer than five employees.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Major services include framing for new construction (70% of industry revenue) and remodeling and repair (30%). Single-family homes account for about half of framing contractors' business.

            Framing is one of many steps in building a house and typically represents 15-20% of the total construction cost. Framing ...

             
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