Report sees rising global demand for roofing
World demand for roofing materials is forecast to grow 3.8% annually through 2016, a substantial acceleration from the lethargic performance of the market during the 2006 to 2011 period, according to a study released by The Freedonia Group, a Cleveland-based industry market research firm.
Gains in demand will be fueled by a major uptick in residential building construction activity as construction industries in major developed nations, such as the U.S., rebound from their recent weakness, the study said. Further growth will be supported by continued gains in developing markets, particularly in Asia.
Two countries, the U.S. and China, will jointly account for nearly 60% of global gains in roofing demand through 2016. China, the world’s largest market for roofing products in 2011, will continue its trend of strong growth and account for more than 30% of world market gains. The U.S, which experienced a collapse in new housing construction beginning in 2006, will rebound significantly, but in 2016 the U.S. roofing market will still be slightly below 2006 levels. Strong growth is also expected in a number of smaller roofing markets, including those in India, Indonesia, and South Africa. Although some developed countries will see fast, rebound-fueled growth similar to the U.S., market gains will typically be slower than in developing areas. Western Europe will be the slowest growing regional roofing market through 2016.
The mix of roofing materials used tends to vary from country to country, but bituminous (asphalt) and tile (clay and concrete) products dominated the global market in 2011, together accounting for 70% of demand in area terms.
Bituminous products will post the fastest growth through 2016, primarily due to the heavy usage of asphalt shingles in the rebounding U.S. market. The U.S., which uses shingles far more intensively than most other nations, will account for almost 80% of worldwide growth in demand for these products, thanks to a major recovery in new single-family housing construction. Demand for concrete roofing tiles will also show strong growth, particularly in the developing Asia/Pacific region, where concrete tiles account for the largest share of roofing demand.
Standard Pacific purchases 1,100-home site in N.C.
Standard Pacific Homes, one of the nation’s largest home builders, has purchased a 1,600-acre master planned community called The Palisades in the Charlotte, N.C., market. With plans to open in late 2013, the company will introduce all new home designs to the project, which contains 1,100 home sites. It is located next to Lake Wylie, Charlotte’s second largest lake and a popular recreational destination.
"Standard Pacific Homes plans to build its move-up oriented homes on approximately 50% of the home sites and sell the remaining home sites to other builders," said Peter Kiesecker, the company’s senior VP mergers and acquisitions. "We have already received tremendous interest from the home-building community. Many builders are anxious about the rare opportunity to build within a highly amenitized master-planned community complemented by this idyllic setting."
Standard Pacific Homes’ new home designs at The Palisades will feature large-scale open spaces, including gourmet kitchens that flow into expansive Great Rooms. The homes will also provide luxurious master suites featuring walk-in closets and elegantly appointed private bathrooms.
Standard Pacific Homes operates in major metropolitan areas in California, Florida, Arizona, North Carolina, South Carolina, Texas and Colorado.
Royal launches Overture Folding Door Series
Royal Building Products launched its new Royal Overture Folding Door Series. Overture Folding Doors are available for residential and commercial applications and can accommodate a maximum width of 288 ins. and a maximum height of 120 ins. When fully retracted, Overture Folding Doors provide easy access to exterior living and a feeling of wide open space, the company said.
“The Royal Overture Folding Door Series continues our tradition of designing innovative, high-performing patio door solutions,” said Mark Fanelli, VP and general manager of Royal’s Window & Door Profiles business. “Overture’s slim-line welded sash is an exciting innovation because it maximizes the viewing area. Overture makes it easier than ever to bring the beauty of the outside into a living space.”
The Royal Overture Folding Door Series offers multi-panel configurations for maximum design options and is available in a variety of Royal Bond Spectra-Coat colors to complement virtually any decor.
The Overture Folding Door Series features an all-vinyl frame with aluminum reinforcement that is suitable for most climates. The sash has been designed to use the most common insulated glass configurations (up to 1 3/8-in. triple glazing). The Overture Folding Door Series meets the most stringent energy codes in the industry with an R-value of 6; it also is Energy Star-qualified.