The optimistic reports keep flooding in on the economy in general and now, for the fenestration sector in particular.
It is about this time of year that we await the most definitive of market reports with the latest* from Palmer Market Research (PMR).
Robert Palmer has had to put out a succession of gloomy reports for a number of years; in fact, he has been forced to revise downwards many of his dire predictions as the recession took hold from 2008. It must come as a blessed relief to him that he can publish studies that should bring a smile to many an industry professional’s countenance. “We’re entering the longest period of prolonged growth for this market since the 1990s,” he insists.
The salient points are mentioned in our news item that follows. After continuing to decline in the first quarter of 2013, the market has ‘dramatically’ switched to growth in the second quarter, ending up for the year nearly 5% higher at £3.78 billion. New build housing expanded by 17% and in home improvements by a more modest 4%. Social housing refurbishment performed poorly with a decline by just over 2%.
Just in case you get carried away, have a look what Palmer reports on conservatories and bi-fold doors and you will see that not everything is rosy in the garden. But we are in a much better position than a year ago and for that we can be grateful.
We also have further ‘clarifying’ statement from the BFRC, Wrightstyle winning an important contract and the Federation of Master Builders being won over by the Labour Party.
There is plenty else in the Editor’s Corner this week, so now is the time for me to stop tapping the keys and for you to have a look.
* The Window, Door and Conservatory Markets in Housing 2014 Edition.
Caption 1 Something to smile about at last! The latest authoritative report on the domestic glazing market in the UK brings some cheer after a period of recession.