The latest reroofing survey indicates opportunities improved or held steady during the second quarter of 2021 when compared with the same quarter in 2020.
The purpose of the survey is to take the pulse of the reroofing industry on a quarterly basis and become a regular barometer of the industry’s business conditions.
The survey explores how homeowners budget for their improvement projects, find and select a preferred contractor or remodeler, and plan to pay for their projects.
Most survey respondents indicated customer inquiries as well as project contracts increased during the first quarter of 2021 compared with the same quarter in 2020.
The roofing industry learned a lot from joining forces in the past year, and the EPDM Roofing Association will capitalize on the relationships it built to grow the industry beyond the pandemic.
With a third round of stimulus checks expected to drop later this month, homeowners plan to spend it on home improvement, with the majority slating it for roofing projects.
By asking a handful of business questions and measuring responses across a number of demographics, the survey gives an indication of the reroofing market’s strength and trajectory.