Building Finishing Contractors in the US - Market Research Report

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Residential and nonresidential building markets determine the performance of building finishing contractors. Growth in residential building construction activity was a boon to building finishing contractors for new and existing structures. Falling nonresidential building construction activity offset gains in the residential market. Overall, industry-wide revenue declined at a CAGR of 1.0% to $16.0 billion over the past five years, including 0.6% in 2023, as housing starts and private spending on home improvements plummeted because of interest rate hikes. Operators in this industry are primarily engaged in building finishing trade work (except drywall, plaster and insulation work; painting and wall covering work; flooring work; tile and terrazzo work; and finish carpentry work). The work performed may include new work, additions, alterations, maintenance and repairs.