Window and Door Market Continues Upward Trend in Second Quarter
September 20, 2016
According to Catalina Research, U.S. window and door sales remained on an upward trend in the second quarter of 2016, however, at a more moderate rate. The slowdown reflects weaker gains in housing starts and a moderation in nonresidential building construction spending. During the second quarter of 2016, dollar window and door sales are estimated to have increased by 6.5 percent, down from an 8.5 percent increase in the first quarter. On a unit basis, the increases are estimated to have been 4.3 and 8.7 percent, respectively.
The builder market continues to lead industry gains with housing starts increasing by 6.7 percent in the first half of 2016. Builder demand is also benefiting from the 12.5 percent surge in single-family home starts in the first half. “This is significant since the average single-family home built installs more than three times the number of windows than the average new multifamily housing unit, as well as more doors,” according to the Catalina Research release.
At the same time, the residential replacement market is receiving a boost from rising existing home prices and stronger personal income gains, according to the report.
These and other trends are uncovered in the Catalina First Look on Windows and the Catalina First Look on Doors. Reports are available for purchase at Catalina Reports.