The American Architectural Manufacturers Association (AAMA) and the Window & Door Manufacturers Association (WDMA) have jointly released the December update to the AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast. These reports deliver timely information about window, door and skylight market trends and product relationships. Historic data for 2006-12 and forecast data for 2013-15 are also included in the report. Forecasts are based on projections of construction activity as of December 2013.
Since the August 2013 update, highlights from the most recent statistical information include:
- Both the residential housing starts and the window demand for new housing are slightly less than projected earlier this year. Multi-family and single family housing starts in 2013 are expected to experience 24 and 16 percent increases. The demand for windows in new housing increased by 20 percent in 2013.
- New housing starts in 2014 will exceed 1 million for the first time since 2007. Meanwhile, remodeling and replacement window demand is starting to recover and is forecast to increase by 5 percent in 2013, which also is slightly less than projected earlier this year. This is an improvement following a decline of 3 percent in 2012, as recent strong gains in existing home sales are 3 percent higher than projected in the April 2013 report.
- The 2013 residential patio door market is expected to increase by 11 percent over 2012 levels and will continue to grow through 2015. New construction demand is expected to grow at around 20 percent a year again for the next two years, outpacing remodeling and replacement activity as the housing market continues its recovery.
- Nonresidential construction activity experienced slow growth, although slightly higher than originally projected in April, though the net effect was negligible in categories favorable to nonresidential door volumes (hospitality, education, healthcare, office). Continued steady growth is forecast for the nonresidential glazing market in 2013, with a projected increase of 4 percent, to be followed by a 6 percent increase in 2014 and a 12 percent increase in 2015.
In addition to the U.S. Industry Statistical Review and Forecast, more detailed information on the residential and commercial fenestration markets is contained in the The updated AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast, as well as the other reports listed above, is available for purchase online from AAMA and WDMA.
The updated AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast, as well as the other reports listed above, is available for purchase online from AAMA and WDMA.