The American Architectural Manufacturers Association (AAMA) recently released its 2018/2019 U.S. Industry Statistical Review and Forecast. Here are a few insights pulled directly from the report:
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.
Residential Doors: In the residential market, 2018 new construction demand for entry doors grew by 3.8%. Meanwhile, entry door remodeling and replacement demand, which continues to represent a significantly larger share of total demand, grew at 1.9%. The total market grew by 2.5% versus 2017 and is expected to grow by 1.5% in 2019.
Residential Skylights: Residential skylights closed the year with a growth rate of 4% over 2017 volume. New construction and remodeling and replacement skylight market segments saw similar levels of growth.