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 revenue slightly... purchase to read more
Industry Report - Starting a New Business Chapter
The Lumber and Building Material Stores industry exhibits low barriers to entry for prospective operators. New entrants do not need to meet licensing requirements or adhere to significant government regulation. Nevertheless, investment costs and high levels of competition can be challenging to companies that want to enter the industry.
The initial cost of establishing or purchasing a retail outlet and costs associated with building inventory can be high. Prospective operators may not be readily able to secure the necessary capital to purchase or lease space to establish a new store. Furthermore, new operators require a line of credit for the purchase of store inventory, which can be quite extensive. Est.. purchase to read more