Replacing your roof is a big investment and replacing your roof can cost upwards of $8,000-$15,000 or more. If you are considering replacing your roof this year, it’s understandable that you want to make sure you get the best bang for your buck. Here is some time sensitive money saving information that may save you some money. Spring is on the way and price increases are coming.
GAF and many other shingle manufactures are issuing a 7-10% increase on materials. Due to the rising costs of materials required to produce shingles, along with supply chain. disruptions, supply and demand & inflation every year we see an increase in roofing supplies. So, accordingly as production costs go up, so does the price for contractors and therefore consumers.
Let take a look into some of the driving factors.
How does oil price fluctuation effect production cost?
Asphalt is one of the main components in the manufacturing of shingles. Asphalt is produced using oil. Current world events have caused an increase in oil prices and it directly impacts the cost to produce shingles by the manufacture.
How does supply and demand influence production cost?
Every year, extreme weather affects many parts of the country, from hurricanes, to tornadoes & wind storms among other weather events. These events have a direct impact on shingle prices. These storms create demand for shingles and often cause a spike in shingle manufacturing costs. With limited supply manufactures are pushed to increase the price of shingles.
Will shingle prices come back down?
Following the trend of rising shingle prices since 2019, it’s fair to say that it’s very doubtful that prices will come back down any time soon.
What does that mean for consumers?
Break out those estimates from last year & call today to get those estimates for your home projects before the increase takes effect. Waiting for that replacement will potentially cost you more money in the long run. The best price you will get for replacing your roof is the price you get quoted to you today.
If you aren’t sure how you are going to pay for your next roof replacement right now, RSG Roofing can help. Financing options & specials are available so you can lock in your estimated price today.
If you’re curious how much your roof will cost or the quality of products, check us out then give us a call. We want you to feel comfortable making such a big investment in your home before spending your money. Our top priority is to make sure you know what you’re paying for before we ask for any commitment.
Here at RSG Roofing we do our best to keep our prices competitive and stay ahead of the increase to give consumers the benefit of the doubt. Our primary goal is to serve the community and help the community thrive while offering exceptional customer service - BBB - Google. We do everything in our power to offer you a quality roof for a reasonable price. Don’t hesitate, contact us today & schedule a free estimate.
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