How much do roofing contractors make?
In 2022, the roofing contractor industry was expected to be worth $56.1 billion in revenue and grow by 0.7%. This makes it the 17th largest industry in the US construction sector and the 205th largest industry in the US overall. The industry has been growing faster than the construction sector as a whole.
How much do roofing contractors make? It's the most frequently asked question with no easy answer. We'll discuss how much roofing contractors make, how you can increase your income as a roofer, and how SubcontractorHub can help you convert more leads and drive revenue to your business.
How much do roofing contractors earn?
According to the Bureau of Labor Statistics (BLS), the average hourly income for a roofing contractor is $19, which translates to an annual salary of $38,500. However, this amount can vary depending on experience and skill level, with the highest earners making $29 an hour and the lowest earners making just $11 an hour.
As with all other professions, the more experience you have in the field, the higher your salary will be. This is because roofers who have undergone formal apprenticeships are highly skilled as compared to those who start their careers as helpers. A helper will be able to earn $12 an hour, and it may be hard to advance to a high-income position.
Another contributing factor is that a roofing company's geographical location directly correlates to the amount earned by roofing contractors.
In other words, if a roofing company wants to increase its revenue, it would be wise to consider relocating to an area where the cost of living is high, and there is more demand for roofing services.
What does a roofing contractor do?
Roofing contractors are the people you call when you have a problem with your roof - be it a leak, some loose tiles, or if you need an entirely new roof installed. They work with all sorts of materials such as asphalt, tile, and metal to make sure your roof is sturdy and will last for years.
A roofing contractor is responsible for tasks such as inspecting roofs to determine what needs to be done, estimating the number of resources required, installing roofs on buildings, repairing and replacing roofs of both residential and commercial properties, leveling and smoothing out roof surfaces, and sealing roof surfaces to ensure they are watertight and prevent leaking.
Advantages and Disadvantages of being a roofer
Roofing is a career that comes with a lot of advantages and disadvantages that you should consider before making a final decision. If you're set on being a roofer, do your research on important factors such as pay, employment prospects, future outlook, work-life balance, responsibilities, educational needs, and job satisfaction.
Roofers are in high demand because performing the job well is hard. Becoming a good roofer is a long and difficult process. First, you need to learn about materials and what techniques to use on certain projects and you have to have a lot of experience putting on roofs. It's not a job to be taken lightly because it can get pretty dangerous and you have to be willing to work hard and put in a lot of effort. This can be a good job for people who like a challenge and have experience with construction.
Roofers need to be able to lift and carry sheets of metal. They need to be able to climb and walk on steep and angled surfaces. They need to be physically fit and able to work in the rain, snow and other harsh conditions. There are no special educational requirements for becoming a roofer.
Highly experienced roofers have an easier time getting new jobs since roofing services are always in demand. Overall, if you can handle the risk, roofing can provide a good, stable life - but of course, if you're not qualified or cut out for the job, it will be a nightmare in the long run.
Opportunity for growth in the roofing industry
The roofing contractor industry's revenue growth depends on residential construction spending. With the housing market expanding over the five years to 2022, construction has picked up in response to increased demand for houses.
Rising per capita disposable income and low-interest rates have made homeownership more affordable for consumers, prompting an increase in demand with the need for new roof installations. As the economy and housing sector continue to expand, the value of residential construction is expected to increase in 2023, presenting a potential opportunity for the industry.
Drive more sales and revenue to your roofing business with SubcontractorHub
SubcontractorHub's project management software is designed to help you gain critical insights and expand your business with ease. Our software is equipped with a simple-to-use dashboard and straightforward reports, so you can focus on what's important - growing your business. With our aerial roof design tool, getting accurate roof measurements is a breeze. You can add gutters and facets to any roof type with just a few clicks. Plus, our design tool is so user-friendly that you can create proposals for new clients in minutes.
We offer an extensive roofing material database that can be customized to reflect your company's preferred roof materials, add-ons, and other products. The proposal creation tool will convert all the details of your roof installation into stunning proposals that can be created within minutes, and our PDF manager will help you create, edit, and design proposals without any hassle.
We're proud to partner with GoodLeap, Sunlight Financial and Mosaic to provide some of the best financing options available. We also have integrations with leading tools such as DocuSign, Salesforce, Keap, Mailchimp, Hubspot, and more to help roofing contractors achieve their sales and project management goals. Plus, we have a dedicated customer portal to communicate with customers and help them with any issues they may have.
SubcontractorHub is a powerful business tool that can be leveraged to make your business more efficient by improving communication and collaboration, managing assets, and streamlining processes. With SubcontractorHub's e-signature and online payment processing system, deals are never lost because of delays. Customers can sign contracts and pay online straight from the proposal with our system.
So why wait? Get started today and see how easy it is to grow your business with SubcontractorHub.
