US construction permit data for April reveals a significant 19% decline in commercial roofing permits. This indicates a constrained market outlook for companies in the sector as they attempt to pass on increased material costs.
Key Takeaways
- 1.Commercial roofing permits dropped by 19% in April, signaling a constrained market outlook.
- 2.Mixed trends observed in US construction permits with new residential build down 0.8% and new commercial build down 5.6%.
Table of Contents
- Chart of the Week II: Permits For Commercial Roofing in US
- Proprietary Permit Tracker
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Authors
Glynis JohnsonPriyal WoolfDevon GuffickGraham Hunt
Securities
AmrizeSikaKSP.I
Themes
Construction Industry SlowdownInflationary Cost Pressures
Regions
EuropeUnited States