And with higher-income people continuing to move south, where the vinyl siding market is strong and continues to gain more traction, Eisenberg believes that all the right elements are in place for the vinyl siding industry to “hit it big-time. “I’m still trying to figure out why, but there’s not enough lumber out there.”Įisenberg explains that home building is trending towards the south due to lower prices, warmer weather and lower taxes. And lumber prices are through the roof.” Eisenberg stated. “Infrastructure is harder to develop because of the bottleneck in prices from China. He applauds VSI’s increased commitment to workforce development, which could help meet the demand for labor the market expansion that VSI has achieved through its advocacy efforts, which could address the tight capacity issues the home building industry has been facing and the continuous improvements in sustainability and product certification that will make home building more scalable. And with strong demand, limited supply and no inventory, builders should be happy!”Īs for the vinyl siding industry, Eisenberg sees tremendous potential for growth given the promising economic outlook combined with the strategic expansion of the Vinyl Siding Institute (VSI) within the past couple of years. “Multi-units will still be a critical part of the mix as we all get older, but youth is king as more Millennials want bigger homes on their own land. Single Family Home Building Will Thrive.Based on this year’s appreciation, prices will keep going up.” As the prices of homes rise, that will help home builders, vinyl siding manufacturers and the economy as a whole. “The urge to build a higher-priced home is much higher than it was two years ago. They will eventually go up, but they will still remain favorable to home buyers.” “Interest rates are going to stay low for the near future. “Credit is harder to get now, but over the next year or two, it will be easier to access.” There will be lots of them moving into new homes.” “We’re hitting the younger peak Millennials that will be getting into home-buying. We’re not going to ‘rip the cover off the ball,’ but it will be a good year.”Įisenberg projects that the next three to five years look even better for the housing industry thanks to what he calls “favorable demographics” and other factors. In 2021, we might hit 1.5 million new units – mostly single unit – which would be pretty heroic. It’s a multi-faceted shade that ranges from light to dark and warm to cool-toned that pairs well with any color for trim, shutters, stone, and even shingles. “In 2019, we built 1.3 million units, followed by 1.4 million in 2020. Dynamic Grays We have all seen gray siding in our towns and cities - it’s everywhere, so it’s no surprise it continues to be a popular siding color choice. To find the shade youll love forever, start now. Our Home Color Tool gives you the power to experiment with ColorPlus® Technology colors on different home styles. “You have to look at the data annually,” Eisenberg said. At Choice Home Remodeling, were big fans of matching CertainTeeds siding color Oxford Blue with a subdued Pacific Blue trim (like shown in the photo) for. Lasting beauty is unmistakable Find Your Homes Truest Color.
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