Industry Analysis & Industry Trends
The threat of a possible real estate bubble, coupled with high levels of household debt, has subdued the demand for new homes in Canada. Over the five years to 2016, the number of housing starts is expected to fall, restraining demand for the Roofing Contractors industry. In the coming years, rising corporate profit is expected to encourage business expansion, which will bolster the value of nonresidential construction and, therefore, industry demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Roofing Contractors industry is in the mature phase of its life cycle. Demand for roofing and siding installation and maintenance is tied closely to fluctuations in downstream construction markets. Supported by substantial growth early in the five years to 2016, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to grow an annualized 4.2% over the 10 years to 2021. In comparison, the Canadian economy is estimated to grow an annualized 1.9% over the same period.
As is typical of a mature industry, roofing products and methods have changed little over time... purchase to read more