Concrete Homes Gain Significant Market Share
Preliminary Numbers Show 2% Jump
The most recently compiled residential market share numbers have been released by NAHB, and they bear good tidings for the concrete homebuilding industry. The preliminary numbers indicate that 16.1% of all new single family homes built in 2003 employed a concrete wall system. This is a 2% increase over 2002 market share data.
“We saw over 42,000 more concrete homes built in 2003 than 2002,” says Craig Schulz, PCA Director of Market Research. Overall, an estimated 211,000 concrete homes were constructed in 2003.
One reason for the boost in market share is the emergence of subdivisions featuring concrete homes. Developments in California, Missouri, Washington, Texas, and Florida, among others, were started in 2003. In 2004, new concrete home developments appeared in South Carolina and New Jersey.
Every concrete building system realized a gain in market share. ICFs and AAC saw slight gains of .2% and .1% respectively, while masonry (+1.1%) rebounded after a 1.2% dip in 2002. The precast/removable form category also saw modest gains, as reflected in a .6% increase.
Christy Martin, Executive Director of the Concrete Promotional Group of Greater Kansas City, offers a metropolitan perspective. “In 2003, the Kansas City area experienced a 23% increase in concrete homes, and we’re not done yet.”
This is the largest national market share increase in consecutive years since 1994–1995, when concrete homes skyrocketed from 3.5% to 5.9%.
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