TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 5
Consumer Trends 8
Personal Income & Expenditures 8
Consumer Financing 11
Demographic Trends 13
Population 15
Households 17
Residential Construction Trends 17
Construction Expenditures 18
New 19
Repair & Improvement 21
New Housing Units 22
Prefabricated Versus Site-Built Housing 25
Historical Trends & Seasonality 27
Pricing Environment 30
Systems Building Versus Conventional Construction 32
Regulatory Environment 34
Building Codes 35
Other Regulatory Issues 37
World Factory-Built Component Overview 38
US Foreign Trade 41
Imports 42
Exports 43
III. PRODUCTS 45
General 45
Factory-Built Housing Component Outlook 46
Roof Trusses 50
Wood 53
Steel 57
Walls & Partitions 59
Structural Insulated Panels 62
Other Specialty Factory-Built Wall Components 65
Floor Trusses 68
I-Joists 71
Roof Panels 76
Other Factory-Built Components 79
Steel Framing 81
Miscellaneous 84
IV. MARKETS 86
General 86
Site-Built Versus Prefabricated Housing 89
New Versus Aftermarket 90
Site-Built Housing 91
Products 93
Residence Type 96
Single-Family Housing 98
Multifamily Housing 101
Prefabricated Housing 104
Products 106
Residence Type 108
Manufactured Housing 110
Modular Housing 114
Precut Housing 116
Panelized Housing 119
V. DEMAND BY REGION 123
General 123
Regional Demographic & Economic Trends 124
Population Patterns 125
Economic Outlook 127
Construction Activity 128
Housing Trends 130
Regional Demand for Factory-Built Housing Components 132
Northeast 135
New England 138
Middle Atlantic 139
Midwest 140
East North Central 144
West North Central 145
South 146
South Atlantic 149
East South Central 151
West South Central 152
West 153
Mountain 156
Pacific 158
VI. INDUSTRY STRUCTURE 160
General 160
Industry Composition 161
Market Share 165
Site-Built Housing Market 166
Prefabricated Housing Market 170
Competitive Strategies 173
Vertical & Horizontal Integration 174
Advanced Technologies 176
Product Development 178
Manufacturing 180
Marketing 182
Distribution 186
Mergers & Acquisitions 188
Cooperative Agreements 195
Company Profiles 199
ACCO Aerated Concrete Systems Incorporated 200
Advance Foam Plastics Incorporated, see AFM
Aegis Metal Framing LLC, see Worthington Industries
AFM Corporation 201
All American Homes LLC, see Coachmen Industries
Alliance Forest Products-Joists Incorporated,
see Boise Cascade
Alpine Engineered Products Incorporated, see Dorbyl
Anderson Lumber Company, see Wolseley
Associated Truss & Lumber 205
Atlantic Structures, see Wolseley
AvisAmerica, see Excel Homes
Babb International Incorporated 206
Barden Companies 208
Blue Ox Lumber, see Wolseley
BMC West Corporation, see Building Materials Holding
Boise Cascade Corporation 209
Branch River Foam Plastics Incorporated, see AFM
Builders FirstSource Incorporated 212
Building Materials Holding Corporation 215
Building Materials Industries, see Builders FirstSource
Calcasieu Lumber, see Wolseley
Carolina Holdings Incorporated, see Wolseley
Central Pre-Mix Prestress Company, see CRH
Champion Enterprises Incorporated 217
Clayton Homes Incorporated 219
Coachmen Industries Incorporated 220
Contour Products Incorporated, see AFM
CRH plc 222
Crissey Fowler Lumber Company, see Wolseley
D&R Framing Contractors LLC, see Universal Forest
Products
Denpak, see Wolseley
Dewey Building Supply Mart, see Schuck & Sons
Construction
Dietrich Metal Framing, see Worthington Industries
Dorbyl Limited 227
ECJW Holdings Incorporated, see Universal Forest
Products
84 Lumber Company 229
Excel Homes Incorporated 230
Fagens Florida, see Wolseley
Fairfax Lumber and Millwork, see Wolseley
Fleetwood Enterprises Incorporated 232
Flexicore Systems Incorporated 233
Gang-Nail Components Incorporated, see Universal
Forest Products
Georgia-Pacific Corporation 235
Heartland EPS, see AFM
Hillsborough Builders Supply, see Builders FirstSource
Holmes Lumber, see Builders FirstSource
Insulated Building Systems Incorporated, see AFM
Insulspan Incorporated 237
International Paper Company 238
ITEC Steel Incorporated, see Nucor
KanBuild Incorporated, see Coachmen Industries
Knipp Brothers Industries LLC, see Building Materials
Holding
Kost Industries 240
Littfin Lumber Company Incorporated 241
Louisiana-Pacific Corporation 242
Madera Components Systems Incorporated,
see Builders FirstSource
Marino/Ware 244
Matrix Precast Autoclaved Aerated Concrete LP,
see Babb International
Metwood Incorporated 245
Mod-U-Kraf Homes Incorporated, see Coachmen
Industries
Nascor Incorporated 246
New Era Building Systems Incorporated 248
NUCON STEEL Commercial Corporation, see Nucor
Nucor Corporation 249
Oakwood Homes Corporation 252
Oldcastle Precast Incorporated, see CRH
P&R Truss Company Incorporated, see Universal Forest
Products
Paty Lumber Company, see Builders FirstSource
PorterCorp 254
Premier Industries Incorporated 255
Schuck & Sons Construction Company Incorporated 257
Shoffner Industries Incorporated, see Universal
Forest Products
Spancrete Northeast Incorporated, see CRH
Standard Structures Incorporated 258
Stark Truss Company 259
Stock Building Supply, see Wolseley
Stonegate Resources LLC, see Builders FirstSource
Strescon Industries, see CRH
Structall Building Systems Incorporated 260
Studco of Hawaii Incorporated, see Worthington Industries
Suwanee Truss Company, see Builders FirstSource
Terry Companies, see Wolseley
Therma Foam Incorporated, see AFM
TopLine Building Products, see Universal Forest Products
Trus Joist Corporation, see Weyerhaeuser
Trussway Limited 262
Unimast Incorporated, see Worthington Industries
Universal Forest Products Incorporated 264
Vulcraft, see Nucor
Wausau Homes Incorporated 268
Weyerhaeuser Company 269
Wickes Incorporated 274
Willamette Industries Incorporated, see Weyerhaeuser
Wolseley plc 276
Worthington Industries Incorporated 279
Other Companies Mentioned in Study 284
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I
Summary Table 3
SECTION II
1 Macroeconomic Indicators 8
2 Personal Income & Expenditures 10
3 Consumer Financing Environment 13
4 Households & Resident Population 14
5 Residential Construction Expenditures 19
6 New Residential Construction Expenditures 20
7 Residential Repair & Improvement Expenditures 22
8 Housing Environment 25
9 New Housing Units by Method of Construction 27
10 Factory-Built Component Market, 1992-2001 29
11 Factory-Built Component Pricing Environment 31
12 Factory-Built Component Foreign Trade 42
SECTION III
1 Factory-Built Housing Component Supply & Demand 49
2 Roof Truss Shipments by Material & Market 53
3 Wood Roof Truss Shipments by Market 57
4 Steel Roof Truss Shipments by Market 59
5 Wall & Partition Shipments by Market 62
6 Floor Truss Shipments by Market 71
7 I-Joist Shipments by Market 76
8 Roof Panel Shipments by Market 79
9 Other Factory-Built Housing Component Shipments by Market 81
SECTION IV
1 Factory-Built Housing Component Demand by Market
& End Use 88
2 Site-Built Housing Factory-Built Component Demand 93
3 Site-Built Housing Factory-Built Component Demand
by Product 96
4 Site-Built Housing Factory-Built Component Demand
by Residence Type 98
5 Single-Family Housing Factory-Built Component Demand
by Product 101
6 Multifamily Housing Factory-Built Component Demand
by Product 104
7 Prefabricated Housing Factory-Built Component Demand 106
8 Prefabricated Housing Factory-Built Component Demand
by Product 108
9 Prefabricated Housing Factory-Built Component Demand
by Residence Type 110
10 Manufactured Housing Factory-Built Component Demand
by Product 113
11 Modular Housing Factory-Built Component Demand
by Product 116
12 Precut Housing Factory-Built Component Demand by Product 119
13 Panelized Housing Factory-Built Component Demand
by Product 122
SECTION V
1 US Population by Region 126
2 Regional Gross Domestic Product 128
3 Regional Construction Expenditures 130
4 Regional Housing Environment 132
5 Factory-Built Housing Component Demand by Region 134
6 Northeast Factory-Built Housing Component Demand
by Subregion & Market 138
7 Midwest Factory-Built Housing Component Demand
by Subregion & Market 143
8 South Factory-Built Housing Component Demand
by Subregion & Market 149
9 West Factory-Built Housing Component Demand
by Subregion & Market 156
SECTION VI
1 Estimated Revenues for Selected Factory-Built Housing
Component Suppliers, 2001 164
2 Selected Acquisitions & Divestitures 192
3 Selected Cooperative Agreements 198
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II
1 Factory-Built Component Market, 1993-2001 29
2 Factory-Built Component Pricing Trends 32
SECTION III
1 Factory-Built Housing Component Shipments by Type, 2001 50
SECTION IV
1 Factory-Built Housing Component Demand by Market, 2001 88
SECTION V
1 Factory-Built Housing Component Demand by Region, 2001 134
SECTION VI
1 Factory-Built Housing Component Market Share
by Company, 2001 166
1 Site-Built Factory-Built Housing Component
Market Share, 2001 170
3 Prefabricated Housing Factory-Built Housing Component
Market Share, 2001 173
