Industry Analysis & Industry Trends
Over the past five years, suppressed housing start levels and lower residential renovation expenditures hindered demand from the residential construction market. However, violent storms over the period helped boost demand for roof contractor services and increase industry revenue. In addition, greater use of sustainable materials has been supported by government initiatives and consumer trends. In the coming years, growth in most downstream building markets will help boost demand for the industry's services... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry for roofing contractors are relatively low. New entrants may have difficulty competing with established operators who have achieved a reputation for quality work in either general or specialized areas. This lack of a proven track record with demonstrated capabilities may also restrict new entrants from securing public-sector contracts. Additionally, there may be concerns among material suppliers and building developers about the ability of new operators to meet financial commitments, completion dates or required standards of quality.
Initial capital outlays are low and are limited to roof materials, power tools and equipment, tile elevators, scaffolding and harnessing equipment, and transportation, which is often limited to a single truck or van... purchase to read more