The demand for residential doors in the U.S. experienced a modest decline in 2022, decreasing from 50.7 million units valued at $8.9 billion in 2021 to 49.8 million units valued at $10.4 billion in 2022, a growth rate of -1.7% by volume and 16.3% by value, according to Principia.
New Construction to Drive Demand through 2025
New construction and repair and remodeling (R&R) demand are expected to have comparable growth through 2025. The notable decrease in 2023 is expected to be mostly offset by the strength of market recovery in 2024 and 2025, as the economy recovers, and new housing demand resurges. Remodeling spend is expected to experience continued growth but will first see a drop in 2023 as consumer confidence falls due to economic uncertainty.
Regional Growth Influenced by Migration Patterns
Regional growth rates are expected to vary somewhat from a low in the Midwest and Northeast to strongest growth in the Southeast. Regional population and migration patterns account for a large part of regional variation in demand. Local economies and climates, the relative appeal of different markets, and regional product usage and preferences also play a role in differences in doors regional growth.
