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The Great Recession Increased Fragmentation in the Remodeling Industry

from Housing Perspectives

During the last industry downturn, home remodeling contractors experienced increased fragmentation due to especially large growth in small and self-employed remodelers. Additionally, concentration gains that were achieved by larger-scale firms in the industry upturn were reversed somewhat—all according to analysis by the Joint Center for Housing Studies of recently acquired tabulations of the U.S. Census Bureau’s 2012 Economic Census and Nonemployer Statistics. more

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