Industry Analysis & Industry Trends
The Lumber and Building Material Stores industry has lumbered through the five years to 2016. Over the past five years, mixed performance from construction markets has caused industry revenue to stagnate. However, the industry is expected to slowly pick up over the next five years. As in the previous period, dynamics in construction-related industries is expected to heavily influence industry performance. While Canada's overheated housing market is unlikely to result in a dramatic crash, new home construction is anticipated to remain constrained moving forward. Nevertheless, while the cooling housing market tempers demand, an increase in renovation activity from homeowners is expected to boost industry evenue slightly... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Lumber and Building Material Stores industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's overall contribution to the economy, is expected to grow at an average of 2.1% over the 10 years to 2021, slightly faster than the Canadian economy, which is forecast to grow by 1.9% over the same period. IVA that falls closely with GDP growth usually indicates an established industry in the mature phase of its lifecycle.
There are a number of indications that the Lumber and Building Material Stores industry is in a mature phase... purchase to read more