Residential Construction Contractors Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 10/16/2017
SIC Codes: 1521, 1522, 1531
NAICS Codes: 2361
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 Residential Construction Contractors Industry Profile

Companies in this industry construct and renovate residential buildings. Major companies include DR Horton, KB Home, Lennar, NVR, and PulteGroup (all based in the US), as well as Country Garden Holdings (Hong Kong), Daiwa House (Japan), Desarrolladora Homex (Mexico), and Carillion (UK).

Global construction of new housing is forecast to rise 3% per year through 2019, reaching annual housing production of more than 62 million units, according to Freedonia. The strongest growth is expected to come from North America, Western Europe, Africa, and the Middle East.

The US residential construction contracting industry includes about 160,000 establishments (single-location companies and units of multi-location companies) with annual revenue of about $475 billion.

Builders of both single-family and multifamily housing are included in the industry, as are residential remodelers. The industry includes general contractors, who build on land owned by others, and operative builders, who build on land they own or control. Specialty trade contractors such as plumbers and electricians, who often work as subcontractors for residential construction contractors or operative builders, are covered in separate profiles.

COMPETITIVE LANDSCAPE

Demand is driven by population growth and economic growth. The profitability of individual companies depends on efficient operations and securing favorable building locations. Large builders enjoy economies of scale in purchasing. Small companies can compete effectively by specializing in a certain type of home or by focusing on a specific geographic area.

 
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