Roofing Industry Announces its Q2 2023 Market Index Survey for Reroofing

A coalition of industry trade associations representing roofing contractors, consultants and manufacturers throughout the U.S. and Canada is launching the Q2 2023 edition of the Market Index Survey for Reroofing. The roofing industry will accept survey responses from July 5 through July 17. The survey — which can be completed in less than five minutes — takes the pulse of the reroofing industry on a quarterly basis and serves as a regular barometer of the industry’s business conditions.

“As we cross the halfway mark in 2023, the Market Index Survey for Reroofing provides the industry with key insights into the business conditions that will shape the remainder of the year for reroofing,” said Justin Koscher, President of the Polyisocyanurate Insulation Manufacturers Association (PIMA). “New for the Q2 2023 survey edition is a question that asks roofing contractor participants to report reroofing materials installed in the quarter compared to the same quarter previous year. We believe the addition of this question will help increase the value of the survey data.”

The quarterly survey asks respondents to answer questions regarding materials installed, customer inquiries, project contracts and length of project backlogs. In turn, the roofing industry can provide detailed information on year-over-year trends and generate indices that capture industry sentiments for future reroofing activity. Roofing contractor and consultants doing business in the U.S. and Canada are encouraged to participate. Quick and straightforward, the survey takes less than five minutes to complete. 

To participate in the Q2 2023 Market Index Survey for Reroofing, click on the following link: bit.ly/RoofingSurvey (open from July 5 – July 17). Respondents will receive a detailed report of survey findings as well as access to an online dashboard that enables users to filter results by region and other metrics. 

The following highlights from the Q1 2023 Market Index Survey for Reroofing are examples of how the survey responses provide valuable trend data for roofing industry professionals and other stakeholders. 

• Project Backlog: 44 percent of all respondents reported a project backlog of three months or longer as of April 2023. 

• Customer Inquiries Index*: The Customer Inquiries Index for the total industry including both low and steep slope rose to 60.5 for Q1 2023 compared to 56.9 in the prior quarter. 

• Project Contracts Index*: The Project Contracts Index for the total industry including both low and steep slope jumped to 62.5 for Q1 2023 compared to 55.2 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 Market Index Survey for Reroofing is an industry-wide 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 Roofing Alliance, National Roofing Contractors Association, National Women in Roofing, Polyisocyanurate Insulation Manufacturers Association, Roof Coatings Manufacturers Association and Single Ply Roofing Industry. 

For more information about PIMA, visit www.polyiso.org.