AAMA Releases 2018/2019 Industry Review and Forecast
The American Architectural Manufacturers Association (AAMA) has released the "AAMA 2018/2019 U.S. Industry Statistical Review and Forecast." This report delivers timely information on 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.
Housing Starts
Total housing starts continued their growth curve in 2018 with gains in the single family segment of 3% and in the multi-family segment of 7%. New housing is expected to grow by 1.4% in 2019, led by single family housing starts. Going forward, the overall new housing market is expected to continue to grow through 2021.
Residential Windows
The demand for prime windows improved by 2.6% in 2018, driven by continued new housing growth. The demand for windows in new housing increased by 3.4% in 2018, with increases of 0.5 and 5.5% forecasted for the next two years as the housing market continues to grow. Meanwhile, remodeling and replacement window demand increased modestly again, by 2% in 2018, with similar growth in this segment forecasted for 2019.