The American Architectural Manufacturers Association (AAMA) and the Window and Door Manufacturers Association (WDMA) have jointly released the December 2012 update to the 2011/2012 U.S. Industry Statistical Review and Forecast.
According to the report, in 2012, nonresidential construction activity experienced slow growth in categories favorable to nonresidential door volumes (hospitality, education, healthcare and office). Total volume is expected to close at 2.4 million units (entry) and 6.5 million units (interior), reflecting growth versus 2011 of 4.5 percent (entry) and 5.2 percent (interior).
New residential construction activity for 2012 is expected to close at 818,000 units, a 23.9-percent 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, according to the report. The study forecasts similar improvement for 2013, and continues to predict an even stronger 31-percent 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.
Residential skylights are expected to close the year at 905 thousand units, a growth rate of 6.5 percent over 2011 volume. New construction skylight activity has proven to be greater than expected at 23.3-percent growth, while remodeling and replacement skylight activity has fallen behind initial expectations at 2.9-percent growth, according to the report.
The report includes information on door, window 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.
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), including:
– The WDMA/AAMA U.S. Industry Statistical Review and Forecast – December 2012 Update summarizes residential, non-residential and remodeling trends from government and industry sources;
– The WDMA/AAMA U.S. Industry Channel Distribution Report profiles the residential and non-residential market for doors and windows as it flows through the identified distribution channels;
– The WDMA/AAMA U.S. Industry Market Size Report quantifies residential and non-residential market volumes, both historic and projected; and
– The WDMA/AAMA U.S. Industry Regional Statistical Review and Forecasts detail information for 11 individual regions.