Dealers, Manufacturers Predict Moderate Growth in 2014
December 10, 2013
Despite apprehension regarding the fragile economy, window and door dealers and manufacturers anticipate moderate economic growth in 2014, defined as gains of 2 percent to 2.9 percent, according to the 2014 Industry Pulse, Window & Door's exclusive annual survey of industry executives. More than 50 percent of dealers and manufacturers said they expect to see moderate gains in the coming year, with 21 percent of dealers and 19 percent of manufacturers predicting slow growth of less than 2 percent in 2014.
The majority of dealers and manufacturers said that the window and door business would expand at the same pace as the overall economy next year, with 25 percent predicting it would outpace the overall economy in 2014.
Although “no one is ready to say the market is back, the fundamentals are right for growth in the repair/replacement market and our dealers are optimistic,” reports Joe Guarino, president of Sunrise Windows. “We are expecting very significant growth in 2014. There is pent-up demand. People have windows that need to be replaced because there is an aging housing stock. The only potential thing that could significantly harm us would be policies or actions in Washington that harm the economy.”
The complete 2014 Industry Pulse report will appear in the upcoming January/February 2014 issue of Window & Door. The Industry Pulse is designed to provide an annual gauge of industry expectations and plans for the coming year, as well as assess the attitudes of industry executives regarding a variety of current trends.