The SIP Panels industry reported May 2012 that in spite of the continued lagging housing market that SIP panels manufacturers experienced only a “modest” 4 percent drop in the year 2011. The result of a survey conducted by the Structural Insulated Panel Association (SIPA) of US and Canada SIPs manufacturers, the minimal decline compares to the reported 8.5 percent drop in single-family starts in 2011. Added confidence of SIP panels sales growth in the year 2012 is increased as industry experts share data, forecasting a strong future.
Quoting a January 19, 2012 report, Chairman of National Home Builders Association, Bob Nielson stated “Today’s report adds to the growing evidence that demand for new, single-family homes is finally starting to firm up in an increasing number of markets nationwide.” NAHB Chief Economist David Crowe shared his outlook for the upcoming year, “This report is in keeping with our expectations for slow but steady improvement in the single-family market, where production hit its lowest yearly rate in over 50 years in 2011.”
In June of 2012, reportedly U.S. builders broke ground on the most homes in nearly four years. Single-family home building starts, accounting for more than 70 percent of new residential construction rose for a fourth straight month reaching their highest point since March of 2010. Federal Reserve Chairman Ben Bernanke highlighted this in a July 17, 2012 report to Congress on the economy. “We’ve been hoping for this for a long time,” said Celia Chen, a housing economist at Moody’s Analytics. “It looks like things are turning.”
Optimism carries through to the Structural Insulated Panel Association. With sixty-seven percent of all SIP panels sold being used in residential construction and a current market share of around 1%, the ever-expanding market for high performance building materials makes for a bright future. Executive Director Bill Wachtler said “… the nation’s growing interest in green building and our cumulative increase in market share really prepare the SIP industry for strong growth as the economy recovers.” Beyond single-family dwellings, Wachtler states, “Architects looking at more rigorous energy codes and green building rating systems are realizing that SIPs can significantly reduce labor costs on large commercial projects.” “Nonresidential and multifamily buildings remain important market segments with strong growth potential for the SIP industry.”
SIPA describes Structural Insulated Panels SIPs most commonly as a “panelized building system composed of insulating foam sandwiched between two structural facings, providing an energy-efficient building enclosure for both residential and commercial buildings.” New innovations in the industry include additional materials including soy-based foams and compacted straw insulation.
Advances in technology has lead to more advanced SIP panels systems such as RAY-CORE’s patented Structural Insulated Panels SIPs. RAY-CORE is different. More similar to conventional framing construction, RAY-CORE SIPs consist of wooden structural members (studs) foamed in place with super-insulating closed-cell polyurethane foam insulation and wrapped in a foil radiant vapor barrier to produce a lightweight modular 4 foot wide panel of varying lengths and thicknesses. With R-values from 26 – 52, RAY-CORE SIP panels have all the strength and confidence that comes with centuries of conventional framing materials and methods, coupled with technological advances in superior insulation materials and the performance of radiant vapor barriers as a part of a structure’s insulating envelope. Incorporating advanced framing configurations that reduce thermal drift, there is no stronger, more highly-insulating, product on the market that can produce a super-tight envelope. Find out more now by contacting one of RAY-CORE’s experts by phoning 1.877.552.2440.
For complete articles, “SIP Industry Remains Strong in Uncertain Housing Market”, www.sips.org/2011-production-survey, and “Single-Family Housing Starts Rise 4.4 Percent in December”, www.nahb.com/news_details.aspx?newsID=14734