New Housing Market Expected to Grow through 2019 – Window and Door

In its 2016/2017 U.S. Industry Statistical Review and Forecast, the American Architectural Manufacturers Associationreported total housing starts continued their growth curve in 2016 with strong gains particularly in the single-family segment, up by 10 percent. The report provides information on window, door and skylight market trends and product relationships. Historic data for 2006 through 2014 and forecast data for 2017 through 2019 also are included. Forecasts are based on projections of construction activity as of March 2017.

According to the report, the overall new housing market is expected to continue at a strong level of growth through 2019. Single-family starts are expected to continue to take the lead in 2017 and experience another 10 percent increase. While the West and Midwest regions of the United States have experienced stronger growth in the last year, the South and Northeast are expected to be more dynamic over the next two years.

The demand for prime windows improved by 3.1 percent in 2016, driven by continued strong new housing demand. The demand for windows in new housing increased by just under 5 percent in 2016, with increases of 7 and 8 percent forecasted for the next two years as the housing recovery continues. Meanwhile, remodeling and replacement window demand increased modestly again, by just under 2 percent in 2016, with growth in this segment also likely to be somewhat improved in 2017 against the backdrop of strengthening existing home sales.

Residential skylights closed the year at 960 thousand units, a growth rate of 4 percent over 2015 volume. New construction skylight activity was up 10 percent, while remodeling and replacement skylight activity was up 2 percent versus 2015.

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New Housing Market Expected to Grow through 2019 - Window and Door