Interesting data comes in all shapes and forms and can be a good (or bad) industry indicator as well as a pulse on the economy. Remodeling Magazine is reporting that new research from the Freedonia Group says that nationwide demand for residential windows and doors will rise 6.0% per year and become a $25.6 billion market by 2020. The report said residential window & door demand in 2015 was $19.06 billion, reflecting an annual growth of 5.9% since 2010. Who knew doors & windows could be this exciting?
“Through 2020, continued growth in new housing construction is projected to drive gains, as will an expected acceleration in demand for windows and doors in improvement and repair applications,” Freedonia said in a news releases. “Rising home values and increases in existing home sales will further boost demand in remodeling applications.”
Click here to read the full story on Remodeling Magazine’s site.
