17/10/2012

Window and door demand will surpass pre-downturn levels by 2016

Spurred by gains in construction spending and a rebound in housing completions, demand for windows and doors in the United States is forecast to rise 9.3 percent per year over the next several years, according to a new report from The Freedonia Group Inc. Total demand for the nonresidential and residential markets is expected to reach $34.2 billion by 2016, up from $21.2 billion in 2011.
The Cleveland-based market research firm notes that from 2006 to 2011, construction expenditures and housing completions dropped precipitously, causing window and door demand to experience a similar decline. Its new study projects total demand will recover and surpass the pre-downturn levels by 2016.

Source: Freedonia Group Inc./glassinitstyle.com