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Component Manufacturing dverti$ dverti $ er
Don’t Forget! You Saw it in the
June 2023 #15287 Page #86
Adverti$$er
CS150 Shows Revenue Gains Dropped, Big Differences Persisted Between Lumberyards, Home Centers, Specialty Dealers Craig Webb President, Webb Analytics
Dramatic falls in lumber prices caused America’s biggest sellers of building materials to record in 2022 less than half the revenue gain they achieved the year before, Webb Analytics’ latest Construction Supply 150 (CS150) reveals. The group, which arguably accounts for two-thirds of all construction product sales in America, took in $409.68 billion from their U.S. operations. That’s a 9.5% gain from the year before. In contrast, the members of last year’s Construction Supply 150 posted a collective 19.2% increase. Subgroups within the CS150 saw even bigger changes, Webb Analytics found. Lumberyards with manufacturing capabilities recorded an 18.1% rise in revenue in 2022 compared with a 58.6% increase the previous year. Even home centers and hardware store chains were affected by lumber’s price plummet. Their revenues rose just 3.3% in 2022 vs. 11.1% the year before. In contrast, specialty dealers—companies that specialize in sales of roofing, siding, and similar products rather than lumber—posted roughly the same sales gain: 24.6% last year vs. 26.5% in 2021. Prices paid at the mill for major lumber species dropped 62% to 73% between January and December last year. Much of the CS150 was affected—even giants like The Home Depot, which posted only a 4.3% rise in part because lumber sales rose 0.8% in 2022 compared with 18% a year before. The entire 58-page PDF report is available for download at https://www.webb-analytics.com. The number of branches in the U.S. run by CS150 members grew 5.3% to 14,972, and the fulltime employee count increased 3.4% to 992.248. Some of these numbers might differ from what CS150 companies have reported publicly because the report separates members’ activity in Canada and Mexico. Operations in those countries added $20.81 billion worth of revenue to CS150 members’ coffers, 0.8% less than in 2021. The location count rose by nine to total 893. The CS150 collects data for most but not all of the biggest building material suppliers, but it isn’t an exact list of the nation’s 150 biggest dealers because some private companies decline to reveal their numbers. Webb Analytics estimates the entire construction supply market has risen to $615 billion. Based on that estimate, the CS150 companies account for two-thirds of the total. Continued next page
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