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May - June 2003

Industry Indices 

VALUE OF IMPORTS TO U.S.

Finished Products Oct. '02 Nov. '02
Plastic Windows, Frames 
and Thresholds for Doors
11,020,346  9,681,897
Leaded Glass Windows, 
Multi-cell/Foam 
Glass Panels, etc.
1,417,674  1,616,535
Stainless Steel Doors, 
Windows, Thresholds 
and Frames
2,957,826  1,914,266
Aluminum Windows 
and their Frames
7,512,509 
7,276,172
Iron Windows 1,621,194  1,230,657
Wood Windows, French 
Windows and Frames 
Materials
11,260,938  11,205,737
Cast and Rolled Glass 6,019,091  3,331,930
Float Glass 496,057  445,259
Tempered and 
Laminated Glass
3,196,257 
2,492,310
Insulating Glass Units 15,095,140  13,435,272
Wood and Articles of Wood 49,906,426  48,062,459
Wood Frames  35,216,127  44,527,603
VALUE OF EXPORTS TO U.S.
Finished Products Oct. '02 Nov. ' 02
Plastic Windows, Frames 
and Thresholds for Doors
2,829,335 
2,934,013
Wood Windows, French Doors and their Frames  
Materials
3,744,523 3,763,414
Cast and Rolled Glass 19,336,887  11,642,556
Float Glass 9,262,757   9,782,122
Laminated Glass 3,622,488  4,926,283
Insulating Glass Units 3,202,742   3,913,361
Articles of Glass 8,905,531   7,714,489
Wood and Articles of Wood 5,942,494   5,749,170
Continuously Shaped Wood 1,015,380   1,700,371
Wooden Frames

 

Source: U.S. Commerce Dept

1,626,383   2,275,409

 

 

2002 Cost Versus Value Report

Window Replacement
  Mid-Range Upscale
Market Job Cost Resale Value % Cost Recouped Job cost Resale Vale % Cost Recouped
Atlanta $8,835 $5,065 57 $14,835 $10,645 72
Chicago 10,690 11,939 112 18,031 17,437 97
Dallas 8,641 2,750 32 14,641 4,750 32
Denver 8,747 4,579 52 14,721 9,333 63
Kansas City 9,268 3,713 40 15,290 7,588 63
Miami 8,427 6,500 77 14,428 11,250 78
New York Metro 9,986 9,718 97 15,986 17,220 108
Portland, Ore. 9,452 6,083 64 15,452 11,750 76
Oakland, Calif. 10,703 12,085 113 16,704 19,667 118
Washington, D.C. 9,018 8,000 8 15,109 14,667 97
A mid-range project is replacing ten existing 3-by-5-foot double-hung windows with a vinyl-clad double-glazed replacement, while not disturbing existing interior or exterior trim.

An upscale project is replacing ten existing 3-by-5-foot double-hung windows with double-glazed divided-light windows with an interior finish of alder or cherry and an exterior finish of copper or aluminum cladding.

Source: November 2002 Remodeling magazine.

New-Home Sales Hit Record High in 2002
Proving that housing was a crucial stabilizing force for the national economy last year and that the industry has plenty of momentum heading into 2003, recently released Commerce Department figures show that more newly built homes were sold in 2002 than in any other year in history, with December posting the strongest sales pace for any month on record.

“We now know that 2002 was the year of hearth and home in America,” said Jerry Howard, executive vice president and chief executive officer of the National Association of Home Builders (NAHB), based in Washington, D.C. 

“The lowest mortgage rates in years and solid house-price performance highlighted the tremendous investment potential of homeownership and kept demand for new homes very strong amid tough economic times and jitters in other sectors of the economy. As a result, U.S. homeownership reached its highest level yet—68.3 percent—in 2002’s final quarter.”

Total new home sales for 2002 reached 976,000, up 7.5 percent from the previous annual record of 908,000 units set in 2001. For the month of December alone, new-home sales hit a seasonally adjusted annual rate of 1.08 million units, up 3.5 percent from November. This is the fastest sales rate for any month on record and it marks the fifth consecutive month of sales above the million-unit rate.

Regionally, only the Northeast saw fewer new-home sales in 2002 than in 2001, inching down 3 percent to 64,000. The Midwest posted a 15.2-percent gain in sales from the year before, while the South and West posted 2.3-percent and 14.6-percent gains, respectively. But for December alone, both the Northeast and West posted significant declines of 13 percent and 7.5 percent from the previous month. The Midwest gained more than 28 percent, while the pace of sales in the South did not change between November and December. 

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