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Industry Landscape
The outdoor living construction industry is currently robust, driven by homeowners' increasing desire to enhance outdoor spaces for relaxation and entertainment. Demand for custom decks, patios, and shade structures remains strong, supported by various material innovations and a focus on durability and aesthetics. The industry benefits from a stable housing market and consumer willingness to invest in home value.
Total Assets Under Management (AUM)
Home Improvement Spending in United States
~Approximately 538 billion USD (2023)
(1.5% (Q3 2023 vs. Q3 2022) CAGR)
- Reflects total spending by homeowners on improvements and repairs.
- Includes discretionary projects like outdoor living spaces.
- Influenced by interest rates and housing market conditions.
Total Addressable Market
538 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
3D Modeling & Visualization Software
Advanced software allowing for photorealistic renderings and virtual walk-throughs of proposed outdoor living spaces, enhancing client communication and design precision.
Sustainable Building Materials
Development and increased availability of eco-friendly, recycled, and low-impact materials for decking and outdoor structures, appealing to environmentally conscious consumers.
Automated Construction Robotics
Robotics for prefabrication or on-site assistance in repetitive tasks like cutting, sanding, or material handling, potentially increasing efficiency and reducing labor costs.
Impactful Policy Frameworks
2021 International Residential Code (IRC) updates
The 2021 IRC includes updated provisions for deck and outdoor structure construction, focusing on structural integrity, fastener requirements, and railing heights.
These updates directly impact design and construction practices, requiring adherence to new structural standards for safety and durability.
Colorado Senate Bill 23-184: Homeowner Protection Act (2023)
This bill enhances consumer protections for homeowners engaging in construction and remodeling projects, focusing on contractor licensing, contracts, and dispute resolution.
It places increased responsibility on contractors for clear contracts and proper licensing, directly affecting how SRI Decks interacts with clients and manages projects.
Local Zoning and Permitting Reforms (Ongoing)
Various Colorado municipalities are continually updating local zoning ordinances and permitting processes for accessory structures like decks and patios to streamline approvals and ensure compliance with community planning.
SRI Decks must stay updated on diverse local regulations across the Front Range, impacting project timelines and approval processes for clients.
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