A coalition of industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada completed its most recent 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 a number of demographics, the survey helps give an indication of the reroofing market strength and trajectory. Nearly 300 respondents consisting of roofing contractors and roof consultants completed the eight-question survey during a two-week period in April with 62% of responses coming from roofing contractors and 38% coming from roof consultants. The results indicate generally improving market conditions for the roofing industry in the face of the global COVID-19 pandemic.
Some topline excerpts of the survey are:
• Forty-two percent of 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. Forty-one percent of respondents reported an increase during the first quarter of 2021 compared with the same quarter in 2020. Twenty-four percent of respondents reported a decrease in project contracts during the same period, and 36% indicated no change in activity.
• As of April 2021, 19% of roofing contractors reported no project backlogs, 36% reported project backlogs of one to two months and 25% reported project backlogs of three to four months. Twenty percent of roofing contractors reported project backlogs of five months or more.
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 http://bit.ly/37ank7D