February 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Suppliers of roofing materials have two markets: new construction and maintenance. According to Deloitte, in August 2023, total U.S. construction stood at $1.98 trillion, a 7.4% increase from the previous year. In addition to new construction, providers of roofing materials also are kept busy by owners of existing homes and buildings needing roof replacements after normal wear and tear or a catastrophic event. Industrial Info is tracking more than $1.7 billion in active projects at roofing materials plants in the U.S.
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