AAMA, WDMA Outlook for Residential Window Demand Remains Optimistic
April 3, 2013
New residential construction activity saw a 26.5 percent increase in 2012 over the prior year, thanks to strong gains in the single-family and mulit-family segments, according to the new AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast jointly released by the American Architectural Manufacturers Association and the Window & Door Manufacturers Association. The study forecasts similar improvement for 2013, with multi-family and single-family starts each expected to experience 28 percent growth.
Demand for prime windows rebounded somewhat in 2012, increasing overall by 6 percent, according to the study. Going forward, the outlook for residential window demand continues to be optimistic, driven largely by expectations of stronger new construction activity and a 9 percent increase in renovation activity.
Residential skylights closed the year up nearly 2 percent over 2011. New construction skylight activity was lower than anticipated in 2012, up just 10 percent, while remodeling and replacement skylight activity was flat versus the prior year.
The updated AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast is available for purchase online from both AAMA and WDMA. This report delivers timely information on window, door and skylight market trends and product relationships. Historic data for 2006 through 2012 and forecast data for 2013 through 2015 also are included in the report. Forecasts are based on projections of construction activity as of March 2013.