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):
* 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.
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