As construction prices incrementally dropped last month, contractors are expressing confidence in their sales, profit margins and staffing in the coming six months.
Although the risks of a recession remain elevated, roofing contractors may be relieved that inflation seems to have peaked, according to ABC's analysis.
It's no secret contractors have been impacted by massive increases, but economic experts say recent data shows peak inflation may have been achieved, leading to lower prices moving forward.
The partnership comes at an advantageous time for contractors, with the pricing volatility causing uncertainty in the bid process in an industry with traditionally low margins.
In this Legal Insights episode, Trent Cotney, CEO of Cotney Attorneys & Consultants, discusses the ongoing Russia-Ukraine War and how it will impact the roofing industry.
Trent Cotney, CEO of Cotney Attorneys & Consultants, explains how the conflict will affect the roofing industry, including assisting refugees and price increases.
1build's proprietary data algorithm instantly pulls millions of building materials and labor rates from more than 3,000 counties in the U.S. into a single database that's updated in real-time.
The latest report from the Asphalt Roofing Manufacturers Association indicates that shipments in all products dropped significantly compared to Q2 of 2021.