Multifamily starts to exceed original 2012 forecasts, according to AAMA/WDMA study
The American Architectural Manufacturers Association and the Window and Door Manufacturers Association have jointly released an August 2012 update to the "2011/2012 U.S. Industry Statistical Review and Forecast." According to the updated study's data, multi-family and single-family starts are expected to experience a slightly better increase than what was initially thought, up to 19 percent over 2011 with additional increases in 2013 and 2014.
Nonresidential construction declined slightly in 2011 and is forecasted to continue to remain slow through 2012, tempering growth in the nonresidential architectural interior door categories. However, the updated study predicts a slight improvement in architectural door shipments in 2012 over earlier forecasts. Lagging slightly behind the residential market, nonresidential construction is expected to rebound significantly in the subsequent three years through 2015.
The AAMA/WDMA report includes information on window, door and skylight market trends and product relationships. Historic data for 2006 through 2011 and forecast data for 2012 through 2015 are also included in the report. The updated "2011/2012 U.S. Industry Statistical Review and Forecast" is available for purchase online from both AAMA and WDMA.