In 2018, 37% of homeowners reported that they hired a decking contractor for their recent decking project. When a contractor was used, the deck was twice as likely to be a wood alternative material rather than wood compared to when a homeowner built the deck without a contractor. Homeowners who hire contractors are also likely to take their advice on brand, not just material.
Residential trim demand in the United States reached 1,972 million linear feet in 2018. Principia’s DemandBuilder® Residential Exterior Trim data product provides insights and data about current demand and forecasted growth.
Data included in DemandBuilder® Residential Exterior Trim includes:
- Current and forecast demand
- Demand by material type, unit type, and construction type
- Trim demand by region
- Headwinds and tailwinds affecting the trim market
Industry participants utilize Principia’s DemandBuilder® Residential Trim data product to access the data and market intelligence needed to determine current and projected industry demand and gain insights on market dynamics. The latest update includes data from 2018 and includes forecast demand through 2021.
For more information about Principia’s DemandBuilder® for residential exterior trim, contact us today.
Movable glass wall systems, or MGWS, remove the boundary between the indoor and outdoor living space, and are a popular trend in home design. MGWS are typically comprised of multiple glass panels that lift, slide, or fold along track systems, and are commonly referred to as multi-panel patio doors. MGWS demand is growing, reflected by the 2015–2018 compound annual growth rates (CAGR) for folding, hinged, and sliding MGWS doors shown below.
Read the full article
Lumberyards and one-step distributors continue to add showrooms to the retail layout within their locations to meet the needs of contractors and DIY homeowners who want to “touch and feel” the products. Nearly 75% of all dealers now have showrooms, typically displaying the product categories that fit their product line focus. According to LBM distribution companies surveyed by Principia, the top five product categories displayed are windows/ doors, millwork, decking, siding, and railing in 2019.
Earlier in 2019, Principia published Business Conditions 2019 which provided a high-level overview of the residential homebuilding industry and outlined the macroeconomic and housing factors impacting the industry.
An updated view of the latest business conditions for the residential housing market and the outlook headed into 2020 for building materials monitored by Principia is available for download. Insights and topics discussed include:
- New housing permits activity from 2016 to 2019 YTD
- Existing home sales activity from 2016 to 2019 YTD
- Regional spending activity based on permit and existing home sales
- Effect of labor shortages on the industry
- Building material industry outlook heading into 2020
- Impact of mortgage rates
To download the Business Conditions and 2019—2020 Market Outlook, click here.
Principia’s DemandBuilder® Residential Doors data product provides insights and data about current demand and forecasted growth.
Data covered in DemandBuilder® Residential Doors includes:
- Current and forecast demand
- Demand by region, material type, unit type, and construction type
- Headwinds and tailwinds affecting the residential doors market
- Key takeaways about market demand and growth
DemandBuilder® Residential Doors was updated in July 2019 with data and insights from 2018 and forecast demand through 2021. For more information about Principia’s DemandBuilder® for residential doors, contact us today.
Principia’s DemandBuilder® Residential Decking data product provides manufacturers, distributors, and dealers access to the data and market intelligence needed to determine current and projected residential decking demand and key insights on market dynamics.
A range of topics included in DemandBuilder® Residential Decking include:
- Current and forecast market demand by region, material type, construction type, and unit type
- Key takeaways about the decking market demand and growth
- Headwinds and tailwinds influencing the industry
- Voice of customer survey findings from dealers, contractors, and homeowners
DemandBuilder® Residential Decking was updated in July 2019 with data and insights from 2018 and forecast demand through 2021. For more information about Principia’s DemandBuilder® for residential decking, contact us today.
Principia’s DemandBuilder® Residential Siding data product provides industry participants with data and insights related to current and forecast demand, headwinds, and tailwinds influencing the siding industry, as well as key takeaways about siding demand in the United States.
DemandBuilder® Residential Siding was updated in August 2019 with data and insights from 2018 and forecast demand through 2021. For more information about Principia’s DemandBuilder® for residential siding, contact us today.
U.S. residential demand for building insulation products was valued at $4.4 billion net manufacturer revenue in 2018. Commercial demand for building insulation totaled $3.9 billion in 2018. Residential and commercial diverge in terms of top material and construction type.
The predominant material in the residential market is fiberglass. Fiberglass represented 63% of the residential building insulation market by value in 2018. Commercial insulation is dominated by foam with 81% by value.