Residential siding demand was approximately $7.6 billion in 2019. According to Principia’s recently updated demand and forecast, siding demand in 2020 is forecast to be approximately $7.1 billion in 2020—a 6% decline from 2019 demand due to the impact of COVID-19. Prior to the pandemic, siding demand was forecast to be $7.8 billion in 2020.

COVID-19-related impacts on siding demand include:

  • Siding demand in the single family market is expected to benefit since it isn’t affected as much by the COVID-19-related disruptions in the multifamily sector
  • Siding has higher exposure to the repair and remodeling (R&R) market and is expected to benefit in 2020

More information about siding demand is available for purchase in three product offerings designed to meet your specific needs Product Demand SnapshotDemandBuilder®, and BuilderSeries®.

Check out other residential siding demand coverage here.