Home Inspection Services – Industry Analysis, Statistics, Trends, and Forecasts

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Industry Analysis, Statistics, Trends, and Forecasts

• Market size and major product and service segments
• Key industry statistics, trends, and financial ratios
• Operating conditions and current performance
• Competitive landscape and environment
• Major company profiles and market shares
• Five-year outlook and growth forecasts

ASHI
Resources available from this trade association include:

ASHI Reporter
http://www.ashireporter.org/
Monthly trade magazine features news and information for industry professionals, with topics covered in each issue including managing the business, marketing professional services, inspection standards and practices, technical reviews of specific systems and components, and industry and association news and events. Digital editions containing selected articles from print edition are available online.

Become A Home Inspector / Requirements By State
https://www.theashischool.com/ / state-regulations
Introductory section provides a summary overview of the business, with topics covered in this section including the market for these services, types of services provided, business operating characteristics, and ASHI educational and training opportunities; and state regulations section provides information on licensing, education, training, and experience requirements for professionals in each of the 50 states.

InterNACHI
Resources available from this trade association include:

How to to Run a Successful Home Inspection Business
https://www.inspectoroutlet.com/
Startup guide covers the various aspects of starting a business and running it successfully, with topics covered in the guide including setting up the company, creative marketing, getting in front of prospects, converting calls into appointments, writing the agreement and report, reference guides and tools, and continuing education. E-book version is available free online with registration for monthly e-newsletter.

Article Library
https://www.nachi.org/articles.htm
Extensive library of articles provides information on various aspects of the home inspector profession from a consumer, business, and technical standpoint, with articles organized by page section into the following subject categories: "General Inspection & Consumer", "Commercial Inspection", "Business Success and Marketing", "Legal & Risk Management", "Articles in Spanish", and "Articles in French".

The Home Inspection Book: A Guide for Professionals
Spada, South-Western Education Publications, 2007
https://www.amazon.com/

Comprehensive reference guide addresses the home inspection business from both a business and practice standpoint, with the first part of this publication focusing on the management, administrative, and financial aspects of operating an inspection business, and Part 2 providing a step-by-step guide to the inspection process following the professional guidelines established by ASHI and InterNACHI.

Working RE
Home Inspector Magazine / Newsletter
http://www.workingre.com/

Semiannual print magazine publication and bimonthly e-newsletter provide news and information for home inspection business owners and managers, with topics covered in these publications including business operations, inspection reports, customer service, marketing services, and legal liability risk management. E-newsletters and selected articles from the print publication are available free online.

National Association of Realtors®
Home Inspections
https://www.nar.realtor/

Information resource guide provides links to articles, books, websites, statistics, and other materials, with content categories for this field guide including questions to ask an inspector, understanding the inspection process, the inspection professional, legal and regulatory issues, trade and professional associations, e-books and audio books, and books, videos, research reports, and other resources.

BizMiner Market Analysis Reports
Building Inspection Services
https://www.bizminer.com  Search for "541350" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Building Inspection Services
https://www.bizminer.com  Search for "541350" to see available reports

• Income and expenses in dollars and percentages
• Balance sheets in dollars and percentages
• Profitability and return on investment ratios
• Liquidity and working capital ratios
• Asset turnover and efficiency ratios
• Capital structure and debt service ratios

IBISWorld Research Reports
Industry Financial Ratios
(see links for individual reports)

Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and an array of industry financial ratios, with the financial ratio data presented on an annual basis for the four most recent years for which data is available and on a historical average basis over three-year, five-year, and ten-year time periods. Sample report can be viewed free online.

Compensation and Salary Surveys

U.S. Bureau of Labor Statistics
Construction and Building Inspectors
https://www.bls.gov/ooh/ / oes

Occupational outlook handbook and employment statistics sections provide job outlook and hourly and annual wage data for construction and building inspectors, with positions covered in the wage survey including home inspectors who examine building systems and features including the roof, foundation, exterior and interior walls, attached garage or carport, and electrical, plumbing, and HVAC systems.

PayScale, Inc.
Home and Building Inspection Services
https://www.payscale.com/home / building

Free online service provides median salary, bonus, and hourly wage rate data for job positions in this service sector, with job positions for which compensation data is provided including office manager, business development manager, marketing representative, home inspector, building inspector, civil engineer, building and construction inspector, building code inspector, and code enforcement officer.

BV Guides and Databases

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