The start of 2024 bodes well for domestic and Canadian asphalt shingles as well as modified bitumen when compared to the end of 2023, according to the latest Asphalt Roofing Manufacturers Association report.
ARMA’s Q1 2024 Quarterly Product Shipment Report shows shipments of U.S. shingles increased between the fourth quarter of last year and Q1 of this year. This continues a trend seen since the reports began in 2017. Though not the largest Q1 increase seen in the report’s history (24.9% from 2018 to 2019), it was a respectable 14.8% jump.