The construction industry is witnessing a significant upturn in single-family home contracts, signaling robust growth and opportunities for distributors, resellers, builders, and manufacturers. Recent data points to a promising increase in single-family home production, which is expected to gain momentum.
Industry Insights
According to Robert Dietz, Chief Economist at the National Association of Home Builders, the surge in contract signings for single-family homes is a strong indicator of future construction growth. This positive trend is supported by data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, which highlighted an 8.9% increase in new home sales compared to the previous year. Notably, new home sales have escalated across all four regions, with the Northeast experiencing the most significant rise at 30.2%.
Market Forecast
Experts like Alex Carrick, Chief Economist of Construct Connect, forecast that by 2021, the construction sector will be significantly driven by residential sales, projecting annual increases of six percent or more.
Although the Construct Connects Q4 2017 Forecast Quarterly Report anticipates a slight dip in total construction starts in 2018 to 4.8%, residential starts are expected to remain strong at 6.7%.
DAPA’s Commitment to Construction Excellence
As a leading supplier of fenestration products, DAPA Products is well positioned to support this growth in the housing sector. We offer a comprehensive range of high-quality fenestration products that are essential for new home construction, enhancing both the functionality and aesthetics of modern homes.
Partner with DAPA Products
For builders, manufacturers, distributors, and resellers gearing up to meet the increasing demands of the residential construction market, DAPA Products offers reliable, top-quality solutions.
To learn more about how our fenestration products can support your projects, or to place an order, contact us at 1-800-229-3181 or via our contact us form. We are ready to assist you in capitalizing on these promising market trends with our industry-leading suppliers.
