The Window and Door Manufacturers Association's recently released Window and Entry Door 2014 U.S. Market Study shows continued growth for the entry door market through 2015. The study, prepared, researched and analyzed by Metrostudy and the Virginia Center for Housing Research at Virginia Tech, forecasts modest market growth in the overall entry door market growth of 5.1% for 2014 and 4.9% for 2015. This follows market growth of 5.3% in 2013 with 14.1 million units shipped.
Source: Window & Door The Window and Door Manufacturers Association predicts continued growth for the architectural door market through 2015 in its Architectural Door 2014 U.S. Market Study released Sept. 2. The study, prepared, researched and analyzed by Metrostudy and the Virginia Center for Housing Research at Virginia Tech, forecasts strong market growth in the wood flush door market of nearly 24 percent for 2014 and 22 percent for 2015. This follows market growth of 17 percent in 2013.
Nonresidential construction spending expanded strongly in July, growing 2.5 percent on a monthly basis and rising a robust 8.6 percent on a year-over-year basis according to a Sept. 2 release from the U.S. Census Bureau. Spending for the month totaled $617.8 billion on a seasonally adjusted, annualized basis. The government also revised upward a somewhat disappointing June nonresidential construction spending estimate from $589 billion to $603 billion and the estimate for May from $606 billion to $611 billion.
According to CMHC’s third quarter 2014 Housing Market Outlook, Canada Edition, housing activity will continue to be supported by economic and demographic fundamentals for the rest of 2014 and into 2015.
Overall, construction materials prices inched higher in July and are up 2 percent year over year, according to the Aug. 15 producer price index (PPI) release by the U.S. Department of Labor. Nonresidential construction materials prices were flat for the month and are just 1.4 percent higher than at the same time one year ago.
The North Carolina Building Code Council will go before an administrative judge this week with an emergency rule the Council adopted regarding requirements for low-E windows.
Source: CMHC The vacancy rate for standard spaces, which dominate seniors’ residences in Canada, decreased slightly over the past year, reaching 9.7 per cent in 2014, compared to 10.3 per cent in 2013, according to the Seniors’ Housing Report – Canada Highlights edition released by Canada Mortgage and Housing Corporation.
Source: Housingwire Realtors expect home prices to continue to appreciate over the next year, with a median price increase expected of 4% over the next 12 months, according to the latest survey of the National Association of Realtors in their confidence index.
Declines in both single- and multifamily starts pushed nationwide housing production down 6.5 percent in May to a seasonally adjusted annual rate of just over 1 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. However, single-family permits, which can be an indicator of future building activity, rose 3.7 percent.
Overall construction materials prices remained flat in May but are up 1.6 percent year over year according to the June 13 Producer Price Index release supplied by the U.S. Department of Labor. Nonresidential construction materials prices fell 0.2 percent for the month but are 1.3 percent higher than at the same time one year ago.
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