AAMA Releases 2018/2019 Industry Review and Forecast
May 1, 2019
The American Architectural Manufacturers Association released the "AAMA 2018/2019 U.S. Industry Statistical Review and Forecast." This report delivers information about window, door and skylight market trends and product relationships. Historic data for 2010 through 2018 and forecast data for 2019 through 2021 are also included in the report. Forecasts are based on projections of construction activity as of March 2019.
Total housing starts continued their growth curve in 2018 with gains in the single family segment of 3 percent and in the multi-family segment of 7 percent. New housing is expected to grow by 1.4 percent in 2019, led by single family housing starts. Going forward, the overall new housing market is expected to continue to grow through 2021.
The demand for prime windows improved by 2.6 percent in 2018, driven by continued new housing growth. The demand for windows in new housing increased by 3.4 percent in 2018, with increases of 0.5 and 5.5 percent forecasted for the next two years as the housing market continues to grow. Meanwhile, remodeling and replacement window demand increased modestly again, by 2 percent in 2018, with similar growth in this segment forecasted for 2019.
In the residential market, 2018 new construction demand for entry doors grew by 3.8 percent. Meanwhile, entry door remodeling and replacement demand, which continues to represent a significantly larger share of total demand, grew at 1.9 percent. The total market grew by 2.5 percent versus 2017 and is expected to grow by 1.5 percent in 2019.
Residential skylights closed the year with a growth rate of 4 percent compared to 2017 volume. New construction and remodeling and replacement skylight market segments saw similar levels of growth.
In 2017, non-residential construction demand for entry doors grew by 1.5 percent. Total volume increased to 2.6 million units. Looking forward, growth is expected to continue at 2.5 percent in 2019 and 1 percent in 2020.