A coalition of industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada completed its latest Quarterly Market Index Survey for Reroofing. The survey takes the pulse of the reroofing industry on a quarterly basis and serves as a regular barometer of the industry’s business conditions.
By asking a handful of business questions and measuring responses across numerous demographics, the survey helps give an indication of the reroofing market’s strength and trajectory.
Nearly 300 respondents completed the eight-question survey during a two-week period in April; nearly two-thirds of responses came from contractors, and the balance came from roof consultants. The results indicate market conditions generally are improving for the roofing industry in the face of the global COVID-19 pandemic.
Some topline excerpts of the survey are:
- Forty-two percent of all respondents indicated their customer inquiries increased during the first quarter of 2021 compared with the same quarter in 2020. Twenty-one percent of respondents reported a decrease in customer inquiries during the same period, and 37% indicated no change in activity.
- The survey revealed a similar trend for project contracts with 41% of respondents reporting an increase during the first quarter of 2021 compared with the same quarter in 2020 and 24% reporting a decrease in project contracts during the same period.
- Eighteen percent of roofing contractors reported no project backlogs, 38% reported project backlogs of one to two months and 24% reported project backlogs of three to four months.
The complete results of the Quarterly Market Index Survey for Reroofing are available to those who participate in the survey via an online dashboard that enables users to filter results by region and other metrics. Contractors and consultants who want to participate in next quarter’s brief survey can sign up for a notification.
The survey is an industry-wide effort spearheaded by a coalition of trade associations, including the Asphalt Roofing Manufacturers Association, Canadian Roofing Contractors Association, Chemical Fabrics & Film Association Inc., EPDM Roofing Association, International Institute of Building Enclosure Consultants, Metal Construction Association, National Roofing Contractors Association, National Women in Roofing, Polyisocyanurate Insulation Manufacturers Association, Roof Coatings Manufacturers Association and Single Ply Roofing Industry.