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Window/Door Industry Review also predicts residential trends.
Press Release Summary:
Jun 18, 2010 - Jointly released, updated 2009/2010 AAMA/WDMA US Market Studies profile US market for residential and commercial windows and doors. According to market study data, demand for residential windows and skylights is expected to increase, while residential door market will remain stagnant. According to study, weak outlook is expected to force declines before flattening out in 2011. Non-residential glazing is also expected to decline.
Original Press Release
AAMA/WDMA Industry Review and Forecast Available; Predicts Industry Trends
Press release date: Jun 05, 2010
According to the market study data, the demand for residential windows is expected to rebound in 2010 as new construction activity finally begins to recover from record low levels. A somewhat tepid forecasted recovery in 2010 will be followed by multiple years of increased growth.
Residential skylights also experienced a decline in recent years, driven by the downturn in new construction and remodeling activity. As builders looked for ways to cut costs, more discretionary products like skylights saw a significant decline in most home construction categories. For 2010, the market is expected to improve slightly. Sustained growth is likely to occur through 2013 at close to double digit rates as the market looks to slowly return towards long-term averages.
The downturn in new construction starts also had an impact on the residential door market as unit volume decreased in 2009 and will remain stagnant in 2010. Nonresidential door volumes have also decreased in 2009 reflecting the slowdown in nonresidential construction activity. A weak outlook for 2010 is expected to force steep declines in 2010 before flattening out in 2011.
As for window usage in commercial construction, non-residential glazing fell by 19 percent in 2009, with declines across all categories. Looking forward, the market is forecast to decline by an even greater amount in 2010 due to the sharp drop in nonresidential contract awards. Growth is expected to resume in 2012 and is forecast to increase over 2011 levels.
Further and more detailed information on residential and commercial window, door and skylight markets is contained in the 2009/2010 Study of the U.S. Market for Windows, Doors and Skylights (released in May 2010). The full volume of market studies includes this report, as well as the following additional reports that can be ordered separately. AAMA/WDMA U.S. Market Studies includes all of the items listed below.
The AAMA/WDMA U.S. Industry Statistical Review and Forecast is available for purchase from both AAMA and WDMA at www.aamanet.org and wdma.com.
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