NAICS Code 2381 - Foundation, Structure, and Building Exteri...

NAICS 2381 - Foundation, Structure, and Building Exterior Contractors

NAICS 23 - Construction
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 238 - Specialty Trade Contractors
  NAICS 236 - Construction of Buildings NAICS 237 - Heavy and Civil Engineering Construction NAICS 238 - Specialty Trade Contractors NAICS 233 - Building, Developing, and General Contracting NAICS 234 - Heavy Construction NAICS 235 - Special Trade Contractors
  - NAICS 2381 - Foundation, Structure, and Building Exterior Contractors
    NAICS 2381 - Foundation, Structure, and Building Exterior Contractors NAICS 2382 - Building Equipment Contractors NAICS 2383 - Building Finishing Contractors NAICS 2389 - Other Specialty Trade Contractors

This industry group comprises establishments primarily engaged in the specialty trades needed to complete the basic structure (i.e., foundation, frame, and shell) of buildings. The work performed may include new work, additions, alterations, maintenance, and repairs.

Industry trends:

The Foundation, Structure, and Building Exterior Contractors industry (NAICS 2381) is currently experiencing several qualitative trends that are shaping its trajectory. A key trend is the growing emphasis on sustainable construction practices. Contractors are increasingly using eco-friendly materials and adopting energy-efficient technologies to meet rising client demands for green buildings. This is driven by both regulatory pressures and a broader societal shift towards sustainability.

There is also a noticeable impact from technological advancements. The adoption of building information modeling (BIM), drones, and prefabrication technology is improving efficiency and accuracy in construction projects. These technologies are reducing errors and enhancing collaboration, leading to more streamlined projects.

Labor shortages remain a critical concern across the industry, leading contractors to invest in workforce development initiatives and explore automation solutions to offset the scarcity of skilled workers. This trend is likely to prompt further investment in training programs and technology that can reduce reliance on manual labor.

The regulatory environment is becoming increasingly complex, with new safety standards and building codes influencing project management and operational strategies. Contractors must stay abreast of these changes to remain compliant and competitive.

Looking ahead, these trends suggest a future where sustainability and technology integration are at the forefront of industry practices. Contractors that adapt by embracing these changes are expected to thrive, particularly those who position themselves as leaders in sustainable building and technological innovation. Despite challenges such as labor shortages, the demand for renovation and infrastructure development is anticipated to sustain industry growth, presenting opportunities for modernized and forward-thinking businesses.