*Data and analysis is updated as of July 30, 2020
Residential decking demand was approximately $3.34 billion in 2019. According to Principia’s recently updated demand and forecast, decking demand in 2020 is forecast to be approximately $3.38 billion in 2020—a slight increase from 2019 demand. Prior to the pandemic, decking demand was forecast to be approximately $3.36 billion in 2020. Reasons for continued strong demand in decking include:
COVID-19-related impacts on residential decking demand include:
- DIY activity did not stop during the pandemic and in fact may have accelerated, benefitting decking repair & remodeling activity
- Decking demand in areas that did not shut down or construction was exempted will grow faster than those where construction was halted
Check out other decking demand coverage here.