2022 has been quite a unique year to navigate for commercial roofers and their customers. As an industry, we started with massive backlogs caused by labor and material shortages due to the COVID-19 outbreaks. Roofing contractors were placing orders in fear of material shortages, driving material sales up 300% while the market was only experiencing 15% growth. Customers were faced with extensive lead times on roofing projects and often had to focus their strategy on repairs or coatings.
So, where do we stand now? A recent Quarterly Market Index Survey1 for reroofing (2022 Q2) by a coalition of industry trade associations, including manufacturers, contractors and consultants, shows a positive trend overall.