English
English
Español
Français

Sign Up for Our E-News!

Join over 18,000 other roofers who get the Week in Roofing for a recap of this week's best industry posts!

Sign Up
Duro-Last New Membrane Colors Sidebar ad
APOC - CCS Sidebar - ProProgram - June
Maven Group SIdebar Ad
Westlake - Sidebar Ad - Special roofing that rises above it all
NRCA - Side Bar - Empower All 2024
Project Map It - Sidebar Ad - Close More Roofing Jobs With Project Map It
English
English
Español
Français

Trade Association Coalition Completes Quarterly Market Index Survey for Reroofing

market index reroofing survey
August 5, 2022 at 12:00 p.m.

Customer inquiry and project contracts indices suggest continued but decelerating market optimism for low-slope business segment.

A coalition of industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada has completed its Q2 2022 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.

One hundred forty-seven respondents completed the eight-question survey during a two-week period in July 2022 with approximately 80 percent of responses coming from roofing contractors and 20 percent coming from roofing consultants. Approximately 89 percent of respondents indicated that their business is primarily low slope or a blend between low slope and steep slope while 12 percent of respondents are engaged in steep slope only. A majority of respondents (47 percent) reported annual gross revenue of between one million and ten million U.S. dollars.

The survey results indicate general optimism for most market segments (as measured by a value greater than 50 in the respective index) though each index trended lower compared to the prior quarter. The customer inquiry index for the steep slope business segment turned negative for the second quarter dropping to 41.2 from 55.0 the prior quarter. Some topline excerpts of the survey include (note: totals may not equal 100 due to rounding):

  • Customer inquiries: Forty percent of all respondents indicated that customer inquiries increased during the second quarter of 2022 compared with the same quarter in 2021, with 11 percent indicating an increase of more than 25 percent. Twenty-nine percent of respondents reported a decrease in customer inquiries during the same period, and 31 percent indicated no change in activity.
  • Project contacts: Forty-three percent of all respondents reported an increase in project contracts during the second quarter of 2022 compared with the same quarter in 2021. Twenty-four percent of respondents reported a decrease in project contracts during the same period, and 34 percent indicated no change in activity.
  • Project backlog: Fifty-two percent of all respondents reported a project backlog of three months or longer as of July 2022 compared to 46 percent of respondents that reported a similar backlog in April 2022.
  • Customer inquiries index*: The Customer Inquiries Index for the total industry, including both low and steep slope dropped to 55.4 for Q2 2022 compared to 62.8 in the prior quarter.
  • Project Contracts Index*: The Project Contracts Index for the total industry including both low and steep slope fell slightly to 59.2 for Q2 2022 compared to 62.1 in the prior quarter.

* The index is based on a zero to 100 scale, with a score of 50 or higher suggesting expansion or optimism, while a value below 50 indicates contraction or pessimism.

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 would like to participate in next quarter’s brief survey can sign up for notification here.

About PIMA 

For more than 30 years, the Polyisocyanurate Insulation Manufacturers Association (PIMA) has served as the voice of the rigid polyiso industry, proactively advocating for safe, cost-effective, sustainable, and energy-efficient construction. Organized in 1987, PIMA is an association of polyiso manufacturers and industry suppliers. Polyiso is one of North America’s most widely-used and cost-effective insulation products. To learn more, visit www.polyiso.org.



Recommended For You


Comments

There are currently no comments here.

Leave a Reply

Commenting is only accessible to RCS users.

Have an account? Login to leave a comment!


Sign In
SRS - Banner Ad (En Espanol Page) - Nueva Cuenta/Sistema de Solicitud COD
English
English
Español
Français

Sign Up for Our E-News!

Join over 18,000 other roofers who get the Week in Roofing for a recap of this week's best industry posts!

Sign Up
NRCA - Side Bar - Empower All 2024
CT_CimateFlex_Infographic_FINAL_2.jpg
Instant Roofer - Sidebar Ad - Free & Exclusive Roofing Leads
ABC Supply - Sidebar Ad - Take Control of Your Work Day
Quarrix - Sidebar - SmartPlug Free Sample - April 2024
Elevate - Sidebar Ad - Nobody covers you better