Sub-segments covered within the building and construction material industry during the COVID-19 pandemic have included residential and commercial roofing, flooring, and cladding products, fencing and outdoor lifestyle supplies. The Ducker Advisory team is able to provide clients with the highest quality insights and intelligence they need to make strategic investment decisions in shifting market landscapes.
Demand Creating Supply Chain Challenges
The surge in new home construction within the ‘early’ COVID-19 period, DIFM and DIY remodeling activity by consumers, and COVID-19 production challenges, constrained supply of labor and materials in the building & construction market. The pent-up demand is still being addressed, with most participants envisioning stability in the supply chain by Q2 or Q3 of 2021
Building Owners & Managers Focusing on Consistent MRO
Low-slope roofing projects are critical MRO expenditures for commercial buildings to keep buildings up to date. Building owners continue to make sure their buildings are ready for occupant return and maintain their facilities for future rate or vacancy negotiations.
Online & Omni-Channel Tools and Offerings Helping to Drive Certain Segments
As COVID-19 limited in-store shopping and comparison, direct to consumer/in-home sales of flooring became an important trend. The growth of digital design and product evaluation tools, coupled with safe sample and in-home measure allowed consumers to upgrade flooring for the many uses of today’s home including living, working, learning, and playing.
Outdoor Living Products Thriving in Post-COVID Era
Outdoor living growth trends continue through COVID-19. The migration from urban apartment living to purchasing an existing home, drove remodel spending. Labor force (installers) were impacted by unemployment allotments and stimulus checks, which is still driving a premium.
Ducker’s Transaction Advisory team is at the forefront of key trends impacting the industry amid COVID-19 disruptions. For the latest insights and implications for global business, visit here. Connect with a team member today:
Jim Devlin – email@example.com
Kim VanCleef – firstname.lastname@example.org
Scott Ulnick – email@example.com