AAMA, WDMA Forecast Continued Gains in Residential Window Demand
September 3, 2013
The American Architectural Manufacturers Association and the Window & Door Manufacturers Association jointly released the August update to the AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast containing information on window, door and skylight market trends and product relationships.
For at least the next two years, total housing starts will follow a similar growth pattern as that of 2012, according to the report. In 2013, multi-family and single-family starts are expected to increase 26 percent and 20 percent, respectively, with the South continuing to account for the majority of conventional construction starts at 52 percent. The Northeast and the West also will grow their share in 2013, albeit at the expense of the Midwest market, which is growing but at a slower pace, according to the report.
Looking ahead, demand for windows in new housing is also expected to mirror that of 2012, when it increased 25 percent. Remodeling and replacement window demand is forecast to increase by 8 percent in 2013 after a decline of 3 percent in 2012, as recent strong gains in existing home sales buoy the market.
The updated AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast is available for purchase online from both AAMA and WDMA.