A spate of recent transactions, along with several others that are progressing toward completion, has helped bring the number of door and window merger and acquisition transactions closer to our previous expectations. The most recent is the acquisition of Loewen by VKR Holding of Denmark, the parent company of Velux Skylights. This purchase was a [...]

If you’ve read my research over the last few years, you’ve seen the concept of capitulation discussed a number of times. I realized recently that I failed to finish the story of capitulation as it pertains to the downturn in the residential building products industry. For those of you not familiar with this concept, capitulation [...]

Spring marks not only the start of the busy season for most door and window manufacturers, but the time each year when we conduct our annual Window & Door Industry Benchmark Survey. This survey is exclusively for manufacturers of residential or commercial entry doors, windows, interior doors, overhead doors and skylights, as well as sunrooms.
When [...]

When I spoke on January 26 at a meeting of the Northeast Window and Door Association, I was asked of the likely impact of the new EPA lead rules. I have to confess that, as recently as that date, I was completely unaware of the pending rules. The problem is that many manufacturers were also [...]

Several housing market analysts predict that there will be another seven million foreclosures over the next few years. While that may sound like a dire prediction, the effect of these foreclosures may not be as extreme as a first glance would indicate. Fewer newly built homes are being added to the inventory of existing homes. [...]

This week marks the beginning of the International Builders’ Show in Las Vegas, which is always an exciting event for the industry. Not only is the Builders Show the biggest industry-related event of the year, it’s a chance to see new products and catch up with old friends. The other aspect of attending the Builders’ [...]

I had a conversation recently with a consultant working on the Department of Energy (DOE) Highly Insulating (R-5) Window and low-E Storm Window Volume Purchase Program.  The purpose of this program is to facilitate volume purchases of highly energy efficient windows.  The U-factor equivalent of an R-5 is .2, significantly lower than the .3 U-factor [...]

The availability of senior and subordinated debt, or the lack thereof, is a critical ingredient in the outlook for any industry. We’ve begun to see signs that the ability of door and window manufacturers to attract debt capital is improving. When the U.S. was still in the grips of the housing freefall, many capital providers [...]

Economics is known, somewhat tongue-in-cheek, as the dismal science. When economists start seeing the glass as half-full, though, you can rest assured that the overall situation of the country must really be improving. Many economists believe that hindsight will show that the recession has ended. However, the recession started in December 2007 when things [...]

Despite the turbulent markets in which we find ourselves, merger and acquisition activity involving door and window companies has been relatively brisk in 2009. There have been 19 transactions year-to-date, versus 31 for all of 2008. The 19th and most recent acquisition was the purchase of Superior Homes in Watertown, S.D., by storm door and [...]