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SIC 5033 Roofing, Siding and Insulation Materials

SIC 5033
ROOFING, SIDING AND INSULATION MATERIALS

This industry consists of establishments engaged in the wholesale distribution of roofing and siding (except wood) and insulation materials. Such establishments include those engaged in wholesale distribution of asphalt felts and coatings; fiberglass insulation materials; roofing, asphalt, and sheet metal; shingles (except wood); and siding (except wood).

NAICS Code(s)

421330 (Roofing, Siding, and Insulation Material Wholesalers)

In 2001, the U.S. Census Bureau reported 1,835 establishments engaged in the wholesale distribution of roofing and siding and insulation materials, except wood. There were approximately 22,287 employees who shared an annual payroll of $1.3 billion. In 2003, the total number of establishments increased to 3,820 and the employee number climbed to 36,795. The industry shared about $12.1 billion in annual sales, with the average sales per establishment at about $5.6 million.

The various sectors included roofing, siding, and insulation with 1,339 establishments; roofing and siding materials with 879; roofing, asphalt and sheet metal with 437; insulation materials with 435; siding, except wood with 335; thermal insulation with 205; fiberglass building materials with 114; asphalt felts and coating with 56; mineral wool insulation materials with ten; and shingles, except wood with nine.

The wholesale roofing, siding, and insulation industry grew steadily in the early to mid-1990s, with sales rising from $14.43 billion in 1992 to $15.65 billion in 1996. At the same time, companies in the industry were consolidating—the number of establishments dropped from 2,848 in 1992 to 2,659 in 1996. Despite the decrease in establishments, employment remained relatively stable, dropping only slightly from 30,060 in 1992 to 29,523 in 1996. The industry's payroll grew from $921.9 million in 1992 to $1.02 billion in 1996.

Inextricably tied to the larger construction industry, companies involved in wholesale distribution of roofing, siding, and insulation materials keep a close eye on such key economic indicators as housing starts, which provide a particularly accurate barometer of trends in this support industry. In the mid-1990s, housing starts were very strong. After dropping to just 1.014 million in 1991, single family and multi-family housing starts in the United States rose every year to a peak of 1.457 million in 1994. While starts dropped back to 1.354 million in 1995, they rose again to 1.451 million in 1996. Though housing starts jumped to 1.66 million in 1999, the economy is expected to slow, resulting in housing starts to drop by an estimated 3.6 percent to 1.61 million in 2000.

U.S. demand for residential/commercial/light industrial siding material was expected to reach 9 billion square feet per year, valued at more than $7 billion total. The market for specialty roofing was more than $1 billion.

The wholesale roofing, siding, and insulation industry was dominated by large firms. The top five companies in the industry had revenues of $500 million or more. The revenue leaders in this industry, according to Wholesale and Retail Trade USA and Ward's Business Directory, were T.J.T. Inc. of Emmett, Idaho, with $2.5 billion; American Builders and Contractors Supply Company Inc., of Beloit, Wisconsin, with $960 million; Boise Cascade Corp. of Boise, Idaho, with $956 million; Cameron Ashley Building Products Inc. of Dallas, later known as Guardian Building Products Inc., with $762 million; and Rugby USA Inc. of Deerfield, Illinois, with $500 million). Other leaders included Patrick Industries Inc., Elkhart, Indiana, with $404 million; Irex Corp., of Lancaster, Pennsylvania, with $244 million; and Shook and Fletcher Insulation Co. with $250 million.

While many of these establishments were solely concerned with the wholesale distribution of roofing, siding, and insulation materials, publicly held corporations such as Boise Cascade Corporation and Owens-Corning Fiberglass Corporation also had established their presence in the industry via subsidiary divisions.

Further Reading

D&B Sales & Marketing Solutions, May 2004. Available from http://www.zapdata.com

Guardian Building Products, Inc, May 2004. Available from http://www.gbpd.com.

Hoover's Company Profiles, May 2004. Available from http://www.hoovers.com.

U.S. Census Bureau. Statistics of U.S. Businesses 2001. Available from http://www.census.gov/epcd/susb/2001/us/US421420.HTM

Ward's Business Directory of Public and Private U.S. Companies 2000. Farmington Hills, MI: Gale Group, 2000.

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

	Housing starts.(Economic Indicators) Magazine article from: SaskBusiness; 3/1/2006; 37 words ; In February 2006, housing starts in urban centres increased by 11%, to 112, compared to February 2005. In the first two months of 2006, urban housing starts in the province increased by 25%, from 228 units in 2005 to 285 units in 2006. Read more
	September housing starts best since 1978. (Trends & News).(Brief Article) Magazine article from: Wood & Wood Products; 11/1/2002; 109 words ; The number of housing starts increased by 13.3% in September...Builders said that while the rate of housing starts is probably unsustainable in the...it expects nearly 1.7 million housing starts for 2002, up 5% from last year... Read more
	Nationwide housing starts. (business currents). Magazine article from: Pool & Spa News; 12/5/2001; 113 words ; ...the West dropped the nation's overall housing starts total from 1.57 million units in September...according to the Commerce Department. Housing starts in the West totaled 340,000 units...had stronger months. In the South, housing starts surged to 744,000 units, up from 676... Read more
	In July 2007 Saskatchewan's urban housing starts were up by 39 per cent, to 470 units, compared to July 2006.(HOUSING STARTS) Magazine article from: SaskBusiness; 9/1/2007; 38 words ; In July 2007 Saskatchewan's urban housing starts were up by 39 per cent, to 470 units, compared to July 2006. In the first seven months of 2007 urban housing starts increased by 69 per cent, to 2,697 units, compared to the same period in 2006. Read more
	Housing starts post 11.6% gain in May. (Trends & News).(Brief Article)(Statistical Data Included) Magazine article from: Wood & Wood Products; 7/1/2002; 139 words ; After weak readings in March and April, housing starts grew by 11.6% in May to a seasonably...starts grew significantly. Single-family housing starts rose 9.6% to a seasonally adjusted...market grew 20.3% to 344,000 units. Housing starts also increased throughout the country... Read more
	Housing Starts Rise in December. Magazine article from: Units; 3/1/2000; 265 words ; ...helped produce a 7.1 percent rise in housing starts during December 1999. Total housing starts reached their highest level since March...permit activity, an indicator of future housing starts did not essentially change. Higher mortgage... Read more
	Housing starts by region. (business currents). Magazine article from: Pool & Spa News; 1/11/2002; 2 words ; [GRAPHICS OMITTED] Read more
	Honeycomb Sells IFB Line.(Brief Article)(Statistical Data Included) Magazine article from: Nonwovens Industry; 11/1/1999; 103 words ; ...Finland. Designed for the manufacture of insulation materials made of natural flax fibers, the unit includes...produce 300,000 square meters annually of sheet insulation materials to be used in building construction applications... Read more
	Housing starts fall again after hopeful rise. Magazine article from: Real Estate Weekly; 4/22/2009; ; 152 words ; ...comer after it was revealed that U.S. housing starts spiked 22% in February--the first uptick...continue in March. Privately owned housing starts fell 10.8% to a seasonally adjusted...in 2008. At 358,000, single-family housing starts remained unchanged from February. In... Read more
	Sudbury, Lakehead housing starts outpace 1989 totals. Magazine article from: Northern Ontario Business; 6/1/1990; 253 words ; Sudbury, Lakehead housing starts outpace 1989 totals The provincial...units pushed the number of April housing starts in Thunder Bay over 1989's level...CMHC) reported a total of 203 housing starts in the City of Sudbury. The total... Read more

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