A coalition of industry trade associations representing roofing contractors, consultants and manufacturers throughout the United States and Canada is launching the Q3 2022 Market Index Survey for Reroofing. The roofing industry will accept survey responses from October 3 to October 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.
“The Market Index Survey for Reroofing fills an important gap in construction data by providing the industry and other stakeholders with information on trends and outlooks for both steep and low-slope roofing,” said Justin Koscher, President of the Polyisocyanurate Insulation Manufacturers Association (PIMA). “Survey participation from roofing professionals across the United States and Canada is critical in order to continue providing a comprehensive market assessment that gives an accurate indication of the industry’s trajectory.”
The quarterly survey asks respondents to answer questions regarding 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 fill out the survey. Quick and straightforward, the survey takes less than five minutes to complete.
To participate in the Q3 2022 Market Index Survey for Reroofing, click on the following link: https://bit.ly/RoofingSurvey (open from October 3 to October 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 Q2 2022 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: 52 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 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, 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.