Quarterly Reroofing Survey Suggests Continued but Decelerating Market Optimism for Low-Slope Business Segment
ARLINGTON, Va. — A coalition of industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada has completed its Q2 2022 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.
A total of 147 respondents completed the eight-question survey during a two-week period in July 2022 with approximately 80% of responses coming from roofing contractors and 20% coming from roofing consultants. Approximately 89% of respondents indicated that their business is primarily low slope or a blend between low slope and steep slope while 12% of respondents are engaged in steep slope only. A majority of respondents (47%) reported annual gross revenue of between $1 million and $10 million.