Construction Industry Forecast Predicts Industry Trends

Posted on : January 17, 2013 | post in : Building Materials,Construction Education,Education,Windows |Leave a reply |

wdma[Chicago, IL] – The Window & Door Manufacturers Association (WDMA) and the American Architectural Manufacturers Association (AAMA) have jointly released the December 2012 update to the 2011/2012 U.S. Industry Statistical Review and Forecast. This report delivers timely information on window, door and skylight market trends and product relationships. Historic data for 2006 through 2011 and forecast data for 2012 through 2015 are also included in the report. Forecasts are based on projections of construction activity as of December 2012.

New residential construction activity for 2012 is expected to close at 818,000 units, a 23.9% improvement as compared to 2011 and slightly better than forecasted last August. Most of this improvement over earlier forecast is attributed to multi-family starts. The study forecasts similar improvement for 2013, and continues to predict an even stronger 31% new residential construction improvement for 2014 over 2013. Existing home sales are expected to end at 4.7 million units in 2012, slightly better than originally forecast.

In 2012, nonresidential construction activity is experiencing slow growth in categories favorable to nonresidential door volumes (hospitality, education, healthcare, office). Total volume is expected to close at 2.4 million units (entry) and 6.5 million units (interior), reflecting growth vs. 2011 of 4.5% (entry) and 5.2% (interior).

Residential skylights are expected to close the year at 905 thousand units, a growth rate of 6.5% over 2011 volume. New construction skylight activity has proven to be greater than expected at 23.3% growth, while remodeling and replacement skylight activity has fallen behind initial expectations at 2.9% growth. The latter value is actually benefiting somewhat from weather-related replacement throughout the year.

Additional and more detailed information on the residential and commercial fenestration markets is contained in the 2011/2012 WDMA/AAMA Study of the U.S. Market for Windows, Doors and Skylights (published in May 2012), which includes all of the items listed below.

  • WDMA/AAMA U.S. Industry Statistical Review and Forecast – December 2012 Update summarizes residential, non-residential and remodeling trends from government and industry sources.
  • WDMA/AAMA U.S. Industry Channel Distribution Report profiles the residential and non-residential market for windows and doors as it flows through the identified distribution channels.
  • WDMA/AAMA U.S. Industry Market Size Report quantifies residential and non-residential market volumes, both historic and projected.
  • WDMA/AAMA U.S. Industry Regional Statistical Review and Forecasts detail information for 11 individual regions.

The updated 2011/2012 U.S. Industry Statistical Review and Forecast, as well as the other reports listed above, are available for purchase online from WDMA.

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