Results From the Reroofing Market Survey Are Here!

By Evelyn Witterholt, RCS Reporter. 

Highlights from the 2021 Q4 survey on reroofing market trends indicate expansion and optimism in the industry. 

The Q4 results of the Quarterly Market Index Survey for Reroofing are finally here! Roofing contractors and consultants gave their thoughts on the state of the reroofing market. For this survey, 73% of respondents were roofing contractors and 27% were consultants. In terms of market type, 88% of respondents stated that their business was low slope or a combination of low and steep slope and 12% reported they only work in steep slope. 

In this year's survey, the Polyisocyanurate Insulation Manufacturers Association (PIMA) introduced two new features: the Project Contracts Index and the Customer Inquiries Index. The intent of these indexes is to provide members of the reroofing industry a number that can help them better understand the state of the market. 

The Customer Inquiries Index is based on a scale of 0-100. Any score above 50 indicates optimism or expansion and anything below 50 indicates pessimism or contraction. For Q4, the index number was 63.8 compared to 62.2 for Q3. 

The Project Contracts Index is based on this same scale and for Q4, the number was 61.1. Q3 had an index number of 59.4, so this is quite the increase! In terms of project backlog, 51% of respondents reported a backlog of three months or more as of January 2022. 

49% of respondents reported that the number of project contracts increased for Q4, with 33% reporting no change and 22% reporting a decrease. For customer inquiries, 49% reported that inquiries increased, with 31% reporting no change and 21% reporting a decrease. 

Interested contractors and consultants who want to participate in next quarter’s brief survey can sign up for a notification. 

Learn more about PIMA in their RoofersCoffeeShop® Directory or visit www.polyiso.org. 

About PIMA  

For more than 30 years, the Polyisocyanurate Insulation Manufacturers Association (PIMA) has served as the unified voice of the rigid polyiso industry, proactively advocating for safe, cost-effective, sustainable, and energy-efficient construction. PIMA’s members, who first came together in 1987, include a synergistic partnership of polyiso manufacturers and industry suppliers. Polyiso is one of North America’s most widely used and cost-effective insulation products. To learn more, visit www.polyiso.org.