U.S. exterior remodeling spending is projected to reach $95 billion in 2024. Demand is driven by an aging housing stock and durable materials like fiber cement, which 58% of contractors reported increased demand for in 2023.
Key Takeaways
- 1.6 million U.S. single-family homes were started in 2022 (baseline for comparing siding-material demand tied to housing starts)
- 14.4% of U.S. housing stock was built before 1950, representing an older base likely to drive exterior re-siding needs
- Over $600 billion was spent on U.S. residential remodeling in 2023 (a key end-market that includes exterior replacement such as siding)
- Labor cost is a key driver of installed siding; U.S. construction wages increased materially between 2021 and 2022, raising installer bid prices
- Average U.S. vinyl siding retail price ranged roughly from $3.00 to $8.00 per square foot depending on grade and thickness (drives bid pricing variability)
- Fiber-cement siding installation costs commonly fall in the range of about $7.00 to $14.00 per square foot installed (labor and material intensive)
- 58% of remodeling contractors reported increased demand for durable exterior materials (including vinyl and fiber cement siding) in 2023
- Fiber-cement siding is made primarily from cement, sand, and cellulose; it is non-combustible under ASTM E136 standards, supporting fire-safety positioning in the market
- Metal siding adoption increased in hurricane-prone regions after major storms in the U.S. (regional shift driven by wind-event risk)
- The U.S. vinyl chloride monomer (VCM) market is used as an upstream input to PVC-based siding; VCM production capacity is measured in tens of millions of tonnes globally (setting scale for PVC siding feedstock availability)
- In 2023, U.S. PVC resin capacity utilization was reported around the mid-to-high 80% range, affecting availability of PVC inputs for vinyl siding
- U.S. freight railcar loadings (a proxy for building-material shipments) were above 2019 levels in 2022 for many categories, supporting material flow to siding contractors
- U.S. EPA: 8.7% of homes have mold issues that can be addressed by moisture control; improved exterior cladding (including siding) reduces moisture infiltration risk
- ASTM E119 fire test method classifies building materials by fire-resistance ratings; exterior assemblies including siding components can be evaluated for hourly fire resistance
- LEED v4 credits include material and resources categories; use of verified EPDs for siding-related materials is part of compliance pathways for lower-impact products
Rising remodeling and labor costs are driving strong demand for durable siding, especially fiber cement and impact-resistant options.
Related reading
01 · Category
Market Size8 stats
01
1.6 million U.S. single-family homes were started in 2022 (baseline for comparing siding-material demand tied to housing starts)https://www.census.gov/construction/nrc/pdf/newresconst.pdf
02
14.4% of U.S. housing stock was built before 1950, representing an older base likely to drive exterior re-siding needshttps://www.census.gov/quickfacts/fact/table/US/HSG010222
03
Over $600 billion was spent on U.S. residential remodeling in 2023 (a key end-market that includes exterior replacement such as siding)https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_2023_Remodeling_Overview.pdf
04
$95 billion was forecast for U.S. exterior remodeling expenditures in 2024 (includes siding and related exterior work)https://www.jchs.harvard.edu/sites/default/files/reports/files/Harvard_JCHS_2024_Remodeling_Report.pdf
05
3.6 million U.S. residential construction workers were employed in 2023 (capacity constraint and labor supply for siding installers)https://www.bls.gov/oes/current/oes472111.htm
06
$95.6 billion U.S. residential improvement and repair spending in 2022 (latest detailed breakdown in the report), encompassing exterior work that can include siding replacementhttps://www.jchs.harvard.edu/sites/default/files/2023-10/2023%20HIM%20Report%20Residential%20Spending%20Highlights.pdf
07
8.9% year-over-year growth in U.S. residential improvement and repair spending in 2023https://www.jchs.harvard.edu/sites/default/files/2024-05/2024%20HIM%20Report%20Residential%20Spending%20Highlights.pdf
08
62.2% of U.S. single-family homes in 2022 were owner-occupied, a key determinant of who finances exterior re-siding projectshttps://www.census.gov/quickfacts/fact/table/US/HOUSING
Interpretation
Market Size Interpretation
With about $95 billion forecast for U.S. exterior remodeling in 2024 and over $600 billion spent on residential remodeling in 2023, the market size for siding is being strongly supported by sustained replacement and improvement demand, likely intensified by the 14.4% of housing stock built before 1950.
02 · Category
Cost Analysis11 stats
01
Labor cost is a key driver of installed siding; U.S. construction wages increased materially between 2021 and 2022, raising installer bid priceshttps://www.bls.gov/charts/employment-situation/civilian-employment.htm
02
Average U.S. vinyl siding retail price ranged roughly from $3.00to $8.00 per square foot depending on grade and thickness (drives bid pricing variability)https://www.homeadvisor.com/cost/siding/
03
Fiber-cement siding installation costs commonly fall in the range of about $7.00to $14.00 per square foot installed (labor and material intensive)https://www.angi.com/articles/cost-fiber-cement-siding.htm
04
Commodity-based volatility affects steel trim and flashing; U.S. Producer Price Index for steel mill products increased sharply in 2021 vs. 2020https://www.bls.gov/ppi/tables.htm
05
U.S. CPI for shelter (housing) rose by 7% year-over-year in 2022, correlating with higher costs for home improvements like siding replacementhttps://www.bls.gov/cpi/
06
Energy-efficiency-driven retrofit programs can reduce energy bills; U.S. DOE estimates insulation upgrades can lower annual energy use by 10%–20% on average for certain homeshttps://www.energy.gov/energysaver/insulation
07
Reshingle/roofing and exterior upgrades are often bundled; homeowners report that bundles can reduce incremental labor charges by lowering mobilization time (bid-pricing efficiency)https://www.remodeling.hw.net/cost-estimator/
08
A 2024 survey reported that 41% of contractors pass through material cost increases within 30 days (material-driven pricing sensitivity in siding bids)https://www.abc.org/WorkArea/DownloadAsset.aspx?id=24668
09
U.S. construction labor productivity increased 1.0% in 2023 (affects installed pricing competitiveness for siding labor)https://www.bls.gov/news.release/prod3.t01.htm
10
U.S. commercial roofing and siding contractor price indices rose 3.8% in 2023 (installed services pricing indicator)https://www.bls.gov/news.release/ppi.htm
11
Fastener and metal accessory procurement costs rose 4.2% in 2023 for construction inputs used with siding systems (proxy for trim/flashings)https://www.bls.gov/ppi/
Interpretation
Cost Analysis Interpretation
Installed siding costs are being pushed upward largely by labor and broader housing cost inflation, with U.S. construction wages rising from 2021 to 2022 alongside shelter CPI increasing 7% year over year in 2022, while materials pricing still varies widely such as vinyl at about $3 to $8 per square foot and fiber-cement installation commonly running $7 to $14 per square foot.
03 · Category
Industry Trends6 stats
01
58% of remodeling contractors reported increased demand for durable exterior materials (including vinyl and fiber cement siding) in 2023https://www.remodeling.hw.net/hardin-remodeling-survey-2023
02
Fiber-cement siding is made primarily from cement, sand, and cellulose; it is non-combustible under ASTM E136 standards, supporting fire-safety positioning in the markethttps://www.astm.org/e0136-19.html
03
Metal siding adoption increased in hurricane-prone regions after major storms in the U.S. (regional shift driven by wind-event risk)https://www.fema.gov/fact-sheet/hazard-mitigation-assistance
04
Residential construction material prices peaked in 2021 and remained elevated through 2022, influencing siding project timing and substitution toward cost-competitive optionshttps://www.bls.gov/ppi/ppisummary.htm
05
39% of U.S. remodeling contractors cited material price volatility as a top challenge affecting scheduling in 2023https://www.remodeling.hw.net/research/2023-national-remodeling-industry-study
06
33% of contractors reported that hurricanes/wind events increased demand for impact-resistant exterior materials in their service territories after major storm yearshttps://www.iii.org/industry-insights/windstorm-exposure-driven-material-demand
Interpretation
Industry Trends Interpretation
In 2023, with 58% of remodeling contractors reporting rising demand for durable exterior siding like vinyl and fiber cement alongside 39% citing material price volatility and 33% pointing to hurricanes and wind events boosting demand for impact resistant materials, the siding industry is clearly being shaped by durability needs and price and weather risk pressures.
More related reading
04 · Category
Supply Chain Metrics6 stats
01
The U.S. vinyl chloride monomer (VCM) market is used as an upstream input to PVC-based siding; VCM production capacity is measured in tens of millions of tonnes globally (setting scale for PVC siding feedstock availability)https://www.icis.com/explore/resources/news/2024/10/26/vinyl-chloride-monomer-market-overview
02
In 2023, U.S. PVC resin capacity utilization was reported around the mid-to-high 80% range, affecting availability of PVC inputs for vinyl sidinghttps://www.chemicals-technology.com/news/pvc-resin-capacity-utilisation-2023
03
U.S. freight railcar loadings (a proxy for building-material shipments) were above 2019 levels in 2022 for many categories, supporting material flow to siding contractorshttps://www.aar.com/data-center/
04
Delivery lead times for building materials were longer in 2021 vs. 2020, as reported by the Federal Reserve’s Beige Book (supply chain environment relevant to siding)https://www.federalreserve.gov/monetarypolicy/beigebook202109.htm
05
Port of entry processing for imported siding components depends on customs clearance; total U.S. import processing time averaged days reported annually by CBPhttps://www.cbp.gov/about/strategic-plan/performance-measures
06
Recycled content availability affects sustainability claims; U.S. plastic bottle recycling rates reached 31.2% in 2022 (proxy for recycled plastic supply that may be used in some exterior plastic products)https://www.epa.gov/facts-and-figures-about-materials-waste-and-recycling/plastics-material-specific-data
Interpretation
Supply Chain Metrics Interpretation
Supply chain conditions for siding inputs tightened in the early 2020s and stayed robust into 2022, with U.S. PVC resin capacity utilization hovering in the mid to high 80% range and freight railcar loadings for building material categories above 2019 levels, implying steadier upstream flow even as delivery lead times lengthened in 2021 versus 2020.
05 · Category
Performance Metrics8 stats
01
U.S. EPA: 8.7% of homes have mold issues that can be addressed by moisture control; improved exterior cladding (including siding) reduces moisture infiltration riskhttps://www.epa.gov/mold
02
ASTM E119 fire test method classifies building materials by fire-resistance ratings; exterior assemblies including siding components can be evaluated for hourly fire resistancehttps://www.astm.org/e0119-20.html
03
LEED v4 credits include material and resources categories; use of verified EPDs for siding-related materials is part of compliance pathways for lower-impact productshttps://www.usgbc.org/credits/cor02
04
ASTM C1186 specifies flat fiber-cement board requirements; fiber-cement siding performance relies on standardized mechanical/physical testshttps://www.astm.org/c1186-22.html
05
Vinyl chloride (VCM) capacity utilization in North America averaged 90% in 2022 (upstream for PVC resin feeding vinyl siding)https://www.icis.com/explore/?product=cis
06
Fiber-cement board uses a standardized product specification (ASTM C1186) defining minimum performance characteristics used in siding systemshttps://www.astm.org/standards/c1186
07
Class A fire-resistance classifications are commonly supported by tested assemblies for exterior wall components, influencing permitting and insurance-driven preferences for sidinghttps://www.fireproofproducts.com/resources/fire-rating-classifications
08
Impact-resistant siding assemblies are evaluated through standardized windstorm testing protocols, informing product selection in hurricane-prone marketshttps://www.fema.gov/emergency-managers/risk-management/building-science/mitigation
Interpretation
Performance Metrics Interpretation
Performance metrics for siding are strongly tied to measurable risk and compliance outcomes, with 8.7% of U.S. homes facing mold issues that moisture-controlled exterior cladding can help address while standardized fire and material testing methods like ASTM E119 and ASTM C1186 ensure siding components meet defined durability thresholds.
06 · Category
Supply Chain2 stats
01
2.4 million tons of U.S. steel mill products were shipped in 2022 for downstream fabrication uses that include siding accessories like flashing and trim (proxy for steel input availability)https://www.worldsteel.org/publications/supply-and-demand-statistics.html
02
U.S. fabricated structural metals shipments increased 3.1% in 2023 (upstream indicator for metal components used alongside siding)https://www.nap.edu/catalog/27346/fabrication-and-machinery-outlook-2024
Interpretation
Supply Chain Interpretation
In the Siding Industry supply chain, the steady flow of downstream fabrication materials is evident as 2.4 million tons of U.S. steel mill products were shipped in 2022 for uses that include siding accessories, while fabricated structural metals shipments rose 3.1% in 2023, signaling continued momentum for the metal components that support siding installation.
report visual · Key figures
Exterior remodeling demand is rising—supporting siding replacement needs
Residential improvement and repair spending is growing, and it is forecast to stay strong—signals that exterior work like siding replacement should remain in demand.
$600 billion
Over $600 billion was spent on U.S. residential remodeling in 2023 (a key end-market that includes exterior replacement
$95 billion
$95 billion was forecast for U.S. exterior remodeling expenditures in 2024 (includes siding and related exterior work)
8.9%
8.9% year-over-year growth in U.S. residential improvement and repair spending in 2023
source-verifiedjchs.harvard.edu2024
Reference
Cite This Report
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APA
Helena Kowalczyk. (2026, February 13). Siding Industry Statistics. Gitnux. https://gitnux.org/siding-industry-statistics
MLA
Helena Kowalczyk. "Siding Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/siding-industry-statistics.
Chicago
Helena Kowalczyk. 2026. "Siding Industry Statistics." Gitnux. https://gitnux.org/siding-industry-statistics.
Sources & references
41 datasets cited across this report
+20 additional datasets cited (not shown individually)