The Lumber and Building Material Stores industry suffered from weakened demand during the five years to 2015, due to a nationwide halt to building construction during the economic recession. Nevertheless, a rapid rebound during the latter half of the period helped spur rapid industry growth. A massive pick-up in the number of new housing starts, as well as resumed remodeling activity, drove demand for industry products in 2011 and 2012. Moreover, increased consumer spending on home improvements and an upturn in construction markets will continue to drive industry revenue growth during the next five years.
This industry consists of stores and dealers (e.g. lumberyards) that retail building materials such as lumber, hardwood, stones and brick. This industry also supplies cabinets, floor coverings, roofing materials, electrical and plumbing goods, doors and windows to the construction market. The industry does not include home improvement centers, paint and wallpaper specialty stores or hardware stores.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.
