Economic analysis - Articles - Page 6

U.S. domestic construction up 01% in September 2024.

Economic Indicators

Domestic Construction Spending Sees Uptick in September

During the first nine months of 2024, construction spending nationwide reaches $1.62 trillion

November 5, 2024

In September, U.S. construction spending rose by 0.1% to $2.14T, with private residential projects driving a slight increase; public-sector construction grew by 0.5%, totaling $495.2B.

Product News

ARMA Shipment Report Shows Continued Trend of Q3 Decreases

Q3 2024 shingle, BUR and modified bitumen shipments drop from the previous quarter

Chris Gray

October 29, 2024

No Comments

Shipment numbers for shingles, BUR and modified bitumen have shrank when comparing the third quarter to Q2 2024, according to the latest report from the Asphalt Roofing Manufacturers Association.

The Home Builder Institute Fall 2024 Construction Labor Report findings.

Economic Indicators

HBI Labor Report: How Broad Trends Are Shaping Employment Opportunities

Current demand is soft, but the need for skilled trades long-term remains unabated; an influx of young workers bodes well

Bryan Gottlieb

October 15, 2024

No Comments

The Home Builders Institute's Fall 2024 Construction Labor Market Report indicates a positive outlook for the construction industry, with increasing demand for skilled workers and rising wages, despite recent job declines.

Supply Chain

Updated: Dockworkers From Maine to Texas End Strike

Walkout affected 36 ports on the East and Gulf Coasts, but Roofing Supply Chain Not Threatened

Chris Gray

Bryan Gottlieb

October 2, 2024

No Comments

A strike by dockworkers affecting 36 ports across America's East and Gulf Coasts is suspended until January.

A chart of the roofing materials outlook for the domestic and global markets.

Economic Indicators

New: Roofing Material Market to Increase 57% by 2034

Analytics firm projects market growth of 4.6% CAGR over the next decade; domestic market projected to hit $29 billion

Bryan Gottlieb

August 22, 2024

No Comments

A new report from Future Market Insights reveals the domestic roofing material market will reach $29 billion by 2034, with a 3.4% CAGR.

Highland Roofing made the Inc. 5000 list of the fastest-growing private companies for 2024.

Awards News

Highland Commercial Roofing Lands on ‘Inc. 5000’ List

PE firm celebrates six of its properties making the 2024 List of Fasting Growing Companies

Roofing Contractor Staff

August 21, 2024

No Comments

HCI Equity Partners announced that six of its portfolio companies, including Highland Commercial Roofing, made the Inc. 5000's 2024 list of fastest-growing private companies.

Legally Speaking

Rewards and Risks of Alternative Roofing Materials

Roofing contractors sought alternatives during the recent supply chain challenges followed by record inflation. Was it at a price?

Slawomir Platta

August 16, 2024

No Comments

Roofing contractors sought alternatives during a spate of challenges, a pandemic followed by supply chain disruptions and capped by a spike in inflation. But was it at a price?

Economic Reports

ARMA Q2 2024 Report Shows Gains in All Product Shipments

Mod bit sees largest shipment in report's history, though year-to-year comparisons are mixed

Chris Gray

July 24, 2024

No Comments

Products like mod bit saw its best quarter ever, while other products saw modest increases compared to Q1 2024.

Economic Reports

Record Highs, Lows Shown in Q1 2024 ARMA Shipment Report

Products including BUR and Canadian shingles see lowest Q1 shipments since 2019

Chris Gray

April 24, 2024

No Comments

Some of the largest increases and decreases for Q1 product shipments have occurred this year, according to data from the Asphalt Roofing Manufacturers Association.

Outsourcing and How to Avoid Strategic Mistakes

Does it make sense to outsource functions within your growing roofing company? Yes, but selectively

David Harrison

April 19, 2024

No Comments

Dave Harrison shares some observations about outsourcing in the roofing industry and offers solutions contractors may want to consider before peak season.