Framing Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/18/2024
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 12,000 establishments (single-location companies or branches of multi-location companies) with combined annual revenue of about $20 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.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services of framing contractors include construction of single detached residential buildings, which accounts for about 50% of the industry revenue. New apartment buildings (about 20%); single attached residential buildings (15%); additions, renovations, and alterations (about 15%); office buildings (about 5%); and stores, restaurants, and automobiles accounting for the rest.

Framing?is one of many steps in building ...

 
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