FOR IMMEDIATE RELEASE
Date: Aug. 5, 2022
CONTACT: Sara Vaughn
Rosemont, Ill.—A coalition of industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada has completed its Quarterly Market Index Survey for Reroofing for the second quarter of 2022.
The survey is an industrywide 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.
Eighty percent of survey responses came from roofing contractors, and 20% of responses came from roof consultants. Most respondents indicated they primarily work on low-slope roof systems (56%) or provide low-slope and steep-slope roofing services (33%). All regions of the U.S. and most Canadian provinces were represented.
The survey results indicate opportunities in the reroofing industry generally improved during the second quarter of 2022 when compared with the same quarter in 2021 though respondents indicated some pessimism regarding customer inquiries in the steep-slope roofing market.
Forty percent of respondents indicated their customer inquiries increased. Thirty-one percent of respondents reported no change in activity, and 29% indicated a decrease in customer inquiries. Project contracts increased for 43% of respondents, 34% of respondents indicated no change in activity and 24% reported a decrease in project contracts.
Additionally, two indices offer insight regarding customer inquiries and project contracts across market segments. The indices are based on a 0 to 100 scale. A score of 50 or higher suggests expansion or optimism; a score below 50 indicates contraction or pessimism.
As of July 2022, 21% of respondents reported no project backlogs, 27% reported project backlogs of one to two months and 20% reported project backlogs of three to four months. Thirty-two percent of respondents reported project backlogs of five or more 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. Any contractor or consultant who wants to participate in next quarter’s brief survey can sign up for a notification at bit.ly/37ank7D.
Since 1886, the National Roofing Contractors Association has been the home for generations of entrepreneurial craftsmen and enterprises who shelter and protect America’s families and businesses and each other. Our vision is the recognition of our members as professionals and to unite the industry to that purpose. NRCA is one of the construction industry’s most respected trade associations and the voice of roofing professionals and leading authority in the roofing industry for information, education, technology and advocacy. It represents all segments of the roofing industry, including contractors; manufacturers; distributors; architects; consultants; engineers; building owners; and city, state and government agencies. For information about NRCA and its services and offerings, visit nrca.net.