The American Architectural Manufacturers Association (AAMA) and the Window and Door Manufacturers Association (WDMA) have jointly released the December update to the “AAMA/WDMA 2012/2013 U.S. Industry Statistical Review and Forecast.” According to the report, nonresidential construction activity has experienced slow growth, although slightly higher than originally projected in April, though the net effect was negligible in categories favorable to nonresidential door volumes (hospitality, education, healthcare and office). Continued steady growth is forecast for the nonresidential glazing market in 2013, with a projected increase of 4 percent, to be followed by a 6 percent increase in 2014 and a 12 percent increase in 2015, according to the report.
Both the residential housing starts and the window demand for new housing are slightly less than projected earlier this year. The report projects that multi-family and single-family housing starts in 2013 will experience 24 and 16 percent increases. The demand for windows in new housing increased by 20 percent in 2013.
New housing starts in 2014 are expected to exceed 1 million for the first time since 2007, according to the report. Meanwhile, remodeling and replacement window demand is starting to recover and is forecast to increase by 5 percent in 2013, which also is slightly less than projected earlier this year. This is an improvement following a decline of 3 percent in 2012, as recent strong gains in existing home sales are 3 percent higher than projected in the April 2013 report.
The 2013 residential patio door market is expected to increase by 11 percent over 2012 levels and will continue to grow through 2015. New construction demand is expected to grow at around 20 percent a year again for the next two years, outpacing remodeling and replacement activity as the housing market continues its recovery, according to the report.