|FOR IMMEDIATE RELEASE
Date: Dec. 3, 2021
|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 third quarter of 2021.
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.
Survey participants included roofing contractors (58%) and roof consultants (42%). Most respondents indicated they primarily work on low-slope roof systems (50%) or provide low-slope and steep-slope roofing services (41%).
The survey results indicate opportunities in the reroofing industry improved or held steady during the third quarter of 2021 when compared with the same quarter in 2020.
Nearly half (46%) of respondents indicated their customer inquiries increased. Thirty-one percent of respondents reported no change in activity, and 22% indicated a decrease in customer inquiries. Project contracts increased for 43% of respondents, 35% of respondents indicated no change in activity and 23% reported a decrease in project contracts.
Data comparing business during the second and third quarters of 2021 revealed a downward trend for customer inquiries and project contracts:
As of October 2021, 11% of roofing contractors reported no project backlogs, 45% reported project backlogs of one to two months and 29% reported project backlogs of three to four months. Fourteen 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.
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.