Largest remodeling & home improvement companies & franchisors by: Jim Cory
Remodeling sales in the U.S.
peaked in 2007, then experienced
a double-digit decline,
bottoming out in the middle of
2010, according to the Harvard
Joint Center for Housing Studies.
Hardest hit were full-service
remodelers, especially those
offering design/build services.
The effect of the recession, Joint
Center senior fellow Kermit
Baker says, was often to make
big companies mid-size, midsize
companies small, etc.
In a report released earlier this
year, the Joint Center predicted
a return to modest growth.
“The broader housing market
has been very resistant to
recovery,” Baker says, noting
that falling home equity, tight
credit, and fewer home sales
are aff ecting both new construction
and remodeling.
One thing that hasn’t changed
is the highly fragmented nature
of this industry, with (according
to the last census) on or around
800,000 contractors involved in
home renovation, but comparatively
few generating sales of
$1 million or more.
Remodeling sales in the U.S.
peaked in 2007, then experienced
a double-digit decline,
bottoming out in the middle of
2010, according to the Harvard
Joint Center for Housing Studies.
Hardest hit were full-service
remodelers, especially those
offering design/build services.
The effect of the recession, Joint
Center senior fellow Kermit
Baker says, was often to make
big companies mid-size, midsize
companies small, etc.