Principia ‘Stat of the Week’
The impact of weather on roofing demand, from 2014-2018.
United States residential roofing demand can be broken out by new construction, age-related, and weather-related demand. Depending on storm activity, weather-related demand accounts for a varying portion of reroofing each year—the more severe the weather, the higher the demand.
According to NOAA, severe weather is escalating, particularly since 2010. From 2014 to 2018, total weather-related roofing demand in the U.S. was nearly $5.7 billion, representing more than 10% of total demand over the five-year period. In 2018, 12% of demand was for repair and replacement due to weather compared to 16% in 2017 with record hurricane activity—in 2014, just 5% of demand was for repair and replacement due to weather.
- From 2014 to 2018, 31% of all roofing demand in Florida was due to weather.
- Higher roofing demand in Texas reflects damage caused by Hurricane Harvey (2017).
- Florida and North Carolina were significantly impacted by Hurricane Florence (2018), Hurricane Irma (2017), and Hurricane Matthew (2016).
- Colorado experienced severe hailstorms in 2016, 2017, and 2018. According to NOAA, in 2017 the baseball-sized hail caused the most expensive hailstorm in Colorado history.
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