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 Snapshot, DemandBuilder^®, and BuilderSeries^®.

Check out other residential siding demand coverage here.