For over 45 years Ducker Worldwide has provided industry professionals manufacturing and supplying products and materials to the remodeling industry with market assessments and proprietary intelligence. Ducker Worldwide recently conducted a Metropolitan Service Area (MSA) Remodeling Program revealing significant opportunities in the remodeling segment.
The Remodeling Industry's Potential
Historically, the industry has seen strong demand in both new construction and remodeling, however the current crisis in the credit markets and overall consumer sentiment has made it difficult for building material producers and suppliers to prosper. On the other hand, Ducker Worldwide's recent research and strategic modeling of the building materials industry indicates a silver lining – primarily in remodeling segments, and in select local markets.
At this time, the remodeling industry offers greater potential than new construction, and while expenditures are expected to slip by less than 5%, these numbers are not as severe as the continual double digit decline in new home construction. In addition, expenditures for light commercial renovation are anticipated to increase across select markets. Profitable ventures within the repair/renovation segment are available and companies should steer strategic goals to seize these projects in local markets. Ducker Worldwide works with clients to identify and analyze key markets for growth – our teams' proprietary knowledge and extensive list of industry contacts makes Ducker Worldwide a valuable resource and partner in business.
Through the launching of Ducker Worldwide's proprietary Metropolitan Service Area (MSA) Remodeling Program, our team has identified the service areas that represent the most opportunity for dedicated product remodeling expenditures. This statistically based model has identified important drivers of remodeling demand supported by key insights regarding home equity loans, age of homes, historic activity, product sales mix as well as critical and overall key market factors.
For additional information on Ducker Worldwide's MSA Remodeling Program or expertise within the construction industry please contact one of our team members at 1-877-538-2537 of email us at info@ducker.com.
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Ducker Worldwide has offices in Detroit, Shanghai, Paris, Bangalore and Berlin.