Lumber prices have helped drive a 19.2% revenue increase among the top 150 firms in the industry, according to the annual Construction Supply 150 released by Webb Analytics. Revenue among the Construction Supply 150 firms increased 19.2% from 2020 to $373.7 billion in 2021.
According to the report, lumberyards with manufacturing operations experienced a 58.6% increase in revenues on a year-over-year (YOY) basis, in large part due to the 116% increase in softwood lumber prices between January 2020 and January 2022. Pro-oriented stores—companies that made over 90% of their sales to pro customers—saw a 62% gain in annual revenue, while retail-oriented stores—companies that generated less than 70% of their revenues from professional builders and remodelers—experienced a 28% increase in revenue.
The report, which includes data that represents an estimated three-quarter of all sales at building material and supplies dealers, excluding paint stores, is available for download at https://www.webb-analytics.com. The full report also includes data on products and services offered by industry companies, data on IT and other technological investments, data on company personnel and demographics, and data on payroll figures and benefits packages.Read More