Roofing Contractor magazine readers share their opinions each year to shape the State of the Industry Report. Discover facets like how many residential versus commercial contractors took this year's survey.
The August producer price index report showed stable construction materials prices, with slight declines in wood and steel products, while power wire and cable prices surged, but overall, construction materials prices have been relatively steady in 2023.
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.