The post-frame construction market has the potential to grow to $8.9 billion by 2016, up from $6.4 billion in 2011, finds a new report by FMI Corporation, a management consulting firm in Raleigh, NC. The report predicts the residential/suburban and light-commercial markets will be the fastest growing segments of the post-frame market in the next 5 years.
The report was conducted for the National Frame Building Association (NFBA) to provide a fact-based assessment of the U.S. post-frame market. The findings are based on online surveys and in-depth interviews with a diverse group of builders, architects, and manufacturers (both NFBA members and nonmembers) and on previous research.
Several key benefits of constructing pole buildings were noted by those who participated in the research, including its low cost compared to traditional building methods, quick speed of construction, adaptability—meaning it lends itself well to different designs and end uses.
While the recent recession hit the post frame industry pretty hard in the middle of 2008, the request for quotes from potential clients has never wavered. As the economy recovers, consumer confidence is rising and unemployment rates are dropping. All of these things bode well for the pent up demand for pole buildings.
Over the past few years, the number of registered (and qualified) contractors has dropped precipitously. This means, as demand increases, there will be long backlogs in order to get a builder with the skills to read plans and follow assembly instructions properly. Labor prices will increase, making it more favorable for building owners to investigate doing the erection work themselves.
The average physically healthy person, who can and will read instructions, can not only construct their own pole building – but in most cases, will end up with a better finished product than having hired out the construction.
Why? Pride of ownership!