$27.5bn
$X.Xbn
168k
97,174
$X.Xbn
Over the past half-decade, wood framing contractors have ridden the rollercoaster of the residential construction market. Driven by low interest rates, there was an impressive uptick in housing starts and private spending on home improvements for homeowners seeking to elevate the valuations of their homes. Conversely, the surge in remote work orders and broad social distancing mandates triggered a fall in nonresidential construction.
Industry revenue has declined at a CAGR of 0.0 % over the past five years, to reach an estimated $27.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Mr. Handyman International LLC | 200.9 | 13.9 | 6.9 | |
Carpenter Contractors of America Inc. | 31.7 | 2.2 | 6.9 |
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Industry revenue is measured across several distinct product and services lines, including Residential new work, Residential additions, alterations and repairs and Nonresidential new work. Residential new work is the largest segment of the Wood Framing in the US.
Interest rate shifts and housing stock levels stir residential new work
Wood framing contractors are 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.
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NAICS 23813 - Wood Framing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
It’s been a tale of two markets for contractors. Low interest rates spurred strong growth in the residential market for contractors. Nonresidential construction ramping up of...
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In the competitive world of wood framing, a contractor's reputation for quality workmanship is a crucial differentiator. However, when reputations are evenly matched, pricing...
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Wood framing contractors primarily rely on private associations for support, with public aid mainly being confined to COVID assistance. This underscores a significant gap in ...
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Profit growth is being stifled by a slowdown in construction activity, intensifying price-based competition. Rising costs of lumber and labor are exacerbating the profit chal...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Wood Framing in the US industry in United States is $27.5bn in 2024.
There are 97,174 businesses in the Wood Framing in the US industry in United States, which has grown at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Wood Framing in the US industry in United States has been declining at a CAGR of 0.0 % between 2019 and 2024.
Over the next five years, the Wood Framing in the US industry in United States is expected to grow.
The biggest companies operating in the Wood Framing market in United States are Mr. Handyman International LLC and Carpenter Contractors of America Inc.
Constructing and installing balloon frames and Constructing and installing platform frames are part of the Wood Framing in the US industry.
The company holding the most market share in United States is Mr. Handyman International LLC.
The level of competition is high and steady in the Wood Framing in the US industry in United States.