Amazing! FGIA releases update to 2020/2021 Market Studies
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FGIA publishes update on market studies 2020/2021
The Fenestration and Glazing Industry Alliance (FGIA) has published updated industry market data in the FGIA Industry Update of the US market for windows, doors and skylights for residential and non-residential buildings. This report serves as an updated overview of the reports published by the association last spring. The new forecasts included in this update are based on projections of construction activity from mid-September 2021, including a consensus of current economic and construction forecasts, as well as contributions from industry participants to year-to-date deliveries.
“FGIA decided to publish this update because, as we know, forecasting at a time of unique economic change poses challenges to forward-looking market estimates. The latest report points to changes between April, the date of the previous reports, and September in the macroeconomic situation and forecast for 2021 and beyond, ”said Janice Yglesias, FGIA executive director.
According to the report update, the changes in forecasts since April have been relatively modest, with positive changes in the housing market as both new construction and renovation activity have increased compared to the previous forecast, leading to upward revisions in sales forecasts for residential products for the year. The indicators for non-residential construction, on the other hand, have weakened somewhat both for the current year and for the forecasts for 2022 and 2023.
For more and more detailed information on the residential and commercial window markets, see the FGIA 2020/2021 Study of the US Market for Windows, Doors and Skylights (originally published May 2020 and updated April 2021), which includes the points listed below.
• The FGIA US Industry Channel Distribution Report profiles the residential and non-residential window and door markets as it flows through the identified distribution channels.
• The FGIA US Industry Market Size Report quantifies the market volume for residential and non-residential buildings, both historical and forecast.
• FGIA US Industry Regional Statistical Review and Forecasts provides detailed information on trends and product relationships.
These reports, together with this “FGIA Industry Update” from September 2021, are all available online from FGIA online shop.
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Original Source: https://www.ccr-mag.com/fgia-releases-update-to-2020-2021-market-studies/
Category – Construction