5 Trends and Insights from LBM Journal’s 2021 Siding ReviewJuly 21st, 2021
As the building industry navigated the COVID-19 pandemic over the past 18 months, siding, like many categories, weathered the ups and downs—from uncertainties at the beginning to booming demand a short time later to the subsequent ebb and flow of supply challenges. The continued story is the strength of the new construction and remodeling markets, with particular focus on homeowners revamping exteriors and other areas of their homes.
But even in a year unlike any other, the trends we’ve witnessed and the core demands of building pros and their customers has, in many ways, also held steady, with familiar trends remaining at or near the forefront. LBM Journal explored what’s new, and what’s not, in its annual In Depth feature on siding, published this month.
Here are a few of the things they found:
Pandemic Increases Demand
As stuck-at-home homeowners refreshed their spaces, siding surged. “Many homeowners spent quarantine finally tackling their to-do lists, and the exterior was a great place to start,” Boral Building Products’ Brand Manager Ben Drury told the magazine. “We saw an increase in interest from DIYers, particularly in simple exterior projects that make a big impact, such as replacing aging siding, adding gable vents or decorative mounting blocks, or installing decorative trim.”
The magazine says the combination of a robust housing market and low interest rates is creating a positive outlook for siding in the coming months, too.
Continued success, of course, relies on manufacturers’ ability to meet the current challenges of supply and demand, said writer Mike Berger. One manufacturer noted that the industry could be taking 20% to 30% more orders daily if not for material and labor shortages.
Above all else, manufacturers said, keeping inventory stocked will be a critical factor and, alongside that, clear communication with customers is essential. “What we’re experiencing is unprecedented demand coupled with a 10-year undersupplied market,” manufacturer RoyOMartin noted. “Builders need to pre-order what they can; those who wait for prices to come down have lost contracts.”
Perhaps in conjunction with creating homes that are sanctuary spaces of respite, manufacturers report that clean lines and authentic details are still very much in demand. Within this, Modern Farmhouse and Craftsman looks continue to thrive, Berger noted. “Vertical and board-and-batten siding are quite popular right now,” Boral’s Drury explained in the article, with other manufacturers noting similar trends. “These installation approaches are an easy way to add dimension and visual interest to the home exterior. Vertical applications also can help elevate gables and other accent areas.”
Low Maintenance Rules
Low-maintenance has become so trendy it hardly bears being called a trend anymore, with “manufacturers report[ing] it as one of the single biggest differentiators when it comes to purchase decisions,” LBM Journal noted.
Products that mimic wood but without the associated upkeep continue to attract attention from older and younger buyers alike, neither of whom want to spend their summer weekends painting and staining but still cherish a natural, authentic aesthetic. (Try TruExterior Siding, made with a proprietary poly-ash material to combine authentic looks with high performance, or Foundry’s Grayne Shingle Siding, which perfectly replicates the look of cedar.)
The Supply Channel Is Adapting
Even before the social distancing brought by the pandemic, the industry was facing pressure to be more innovative and more willing to switch to technology-based inventory and purchasing solutions. “For years, physical displays have been a mainstay of product information and a key method for conveying how a product will look once installed,” Berger wrote. “But that was then—this is now. In addition to the tried and true, the successful LBM dealer will avail themselves of virtual tools to help impart product knowledge.”
Berger pointed to virtual design tools that show customers how products will look on their homes (such as the Virtual Remodeler tool) as one method. But even as technology infiltrates the buying process, nothing negates the need for dealers to understand the products they sell and the value they bring to customers in helping find the ideal solution for each project.
Read more about the latest siding trends by reading the full LBM Journal article here.