While we heard plenty of concern for 2002, we were also encouraged: Business is holding up.
After the events of Sept.11, GAF saw a drop off in orders. Within a relatively short period of time, however, the orders file began to build again. At the time Roofing Contractor spoke with Collins about his thoughts on 2002, he stated, “I think the picture is changing.” GAF’s early intelligence had shown a residential new construction market that would be down 6 to 8 percent, with remodeling down “somewhat.” By the end of 2001, the upcoming year was beginning to look more like a “flat” year for new residential construction, with the possibility of a slightly improved remodeling market.