The residential market is expected to experience larger gains through 2021, both in volume and value. The growth is driven by single-family housing construction and increased renovation projects.
The market growth will mostly benefit manufacturers of vinyl, fiber cement and stucco siding. In this post, your trusted roof replacement provider, Expert Contracting, discusses how the increased siding variations influence the higher demand for exterior construction activity.
Vinyl Siding Stays on Top
Vinyl is still the most chosen siding material due to its popularity in the single-family housing market. These homes are usually constructed with vinyl because of its cost-effectiveness. Wood-like vinyl is also a popular option as it has the appearance of wood but it is more durable and requires less maintenance. The huge number of homes with vinyl siding will also contribute to the replacement demand because most homeowners replace their old siding with the same material.
Fiber Cement Siding on the Rise
The demand for fiber cement siding is expected to rise in the following years. More homeowners are choosing this material due to its durability and similarity to the appearance of more expensive siding options. Apart from natural wood, it can also mimic the natural beauty of wood and stone.
Modern improvements in fiber cement products make them look more similar to cedar shakes or lap panels, which will further increase sales. At Expert Contracting, we offer a wide selection of siding options for your home or office. You can count on us for the installation of energy-efficient, water-resistant, durable and beautiful siding. Our team also offers siding and roof repair.
Stucco Siding as Fastest-Growing
Stucco siding is predicted to have the fastest percentage gains through 2021. Its market growth is affected by the increase in building construction expenditures in the West and some parts of South. The material has been popular in these areas, especially on Spanish colonial-influenced buildings. Another factor for this growth is because this material is low-cost and low-maintenance.
For quality siding installation, choose Expert Contracting, one of your leading siding and roofing companies. We will handle the removal of your old siding and help you choose the best siding material for your home. Call us at (716) 508-3700 or fill out our online form for a free estimate. We work with homeowners in Williamsville, NY.