The Fenestration and Glazing Industry Alliance (FGIA) has released updated industry market data in the FGIA Industry Update of the U.S. Market for Residential and Non-residential Windows, Doors and Skylights. This report serves as an updated overview of the reports released by the association this past spring. New forecasts included in this update are based on projections of construction activity as of mid-September 2021, including a consensus of current economic and construction forecasts along with input from industry participants on year-to-date shipments.
"FGIA chose to release this update because, as we know, forecasting at a time of unique economic shifts creates challenges for forward-looking market estimates. The latest report indicates changes between April, the date of the previous reports, and September in the overall economic position and forecast for 2021 and beyond," said Janice Yglesias, FGIA Executive Director.
According to the report update, the changes to forecasts since April have been relatively modest, with positive changes in the residential market as both new housing activity and renovation activity have strengthened relative to the prior forecast, leading to upward revisions of residential product shipment forecasts for the year. Indicators for non-residential construction conversely have softened somewhat, both for the current year and forecasts for 2022 and 2023.