Monday, March 4, 2024

Are Shingle Prices Going Up

Price Notification April 2022

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Price Increase Announcement: All Residential Roofing Products

To Our Valued Customers:

Roofing shingle manufacturers have announced price increases that will go into effect in April. As a result, Beacon is announcing a 10 – 15% increase on all residential roofing products. This increase will be effective with deliveries beginning on April 11, 2022.

Your Branch Manager and Sales Representative are available to answer any questions regarding these increases.

Thank you for your partnership.

Sincerely,

Can Roof Shingles Be Painted

Roof shingles can be painted, and there are both benefits and drawbacks to shingle paint. Painting roof shingles in a bright, reflective color, like white, can give any home a new, attractive appearance and reflect the suns heat, helping to keep cooling costs lower in the summer months.

However, painting roof shingles can also be difficult and time-consuming, and it is important to be aware of the potential risks and drawbacks before undertaking this project.

Are Roof Shingle Prices Going Up

The cost of a new roof is 20-40% more expensive than just a few years ago, and it is not expected to go down anytime soon. Inflation is a major factor in the increased cost of roofing materials, as the prices of raw materials and finished products continue to rise.

This is especially true in the United States, where the cost of a new roof has increased significantly in recent years. A few factors contribute to the high cost of roofing materials. First, the cost of raw materials has increased significantly in recent years.

This is due to several factors, including the rising cost of oil and other petroleum products used to manufacture asphalt shingles. Second, the cost of labor is also a factor.

It is more expensive to install a new roof than it was 10 or 20 years ago, and this cost will continue to rise due to increasing minimum wage laws and overtime rules.

Lastly, theres inflation: because materials have gotten more expensive, roofing companies have increased their prices in order to cover the increased cost of materials and labor.

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Why Is There Such A Wide Pricing Range For Asphalt Shingles

On the low-end, you may have some roofers underbidding their jobs because they are either desperate for work or they happen to work strictly on volume with razor-thin margins.

For example, a contractor that is just starting out may be more willing to complete a roofing job for less than a more established company would. There are also many smaller companies with no real office and little overhead, hence they can afford to charge less for a job and still be profitable.

Note: A low bid for a roofing job, such as a bid that is significantly less than $4.00 per sq. ft. or $400 per square of shingles, can also come from a so-called weekend warrior or storm chaser who works without any liability insurance and with no workers comp, which could be a liability for the homeowner.

On the high-end of the price range, you may have bids for fully warrantied jobs from larger, highly reputable exterior remodeling companies that only install high-end products from premium brands such as CertainTeed Landmark PRO or premium shingles from Malarkey and have top certifications from their respective manufacturers.

There are many smaller roofing contractors that offer good quality products and quality workmanship at more affordable prices. If you are looking for value and quality, look for certified installers from manufacturers like GAF, Owens Corning, and smaller brands like Atlas, Tamko or IKO.

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Shingle Roof Replacement Cost

Owens Corning Oakridge 32.8

A leaking roof can cost you more than just repairing or replacing the roof. If neglected, water damage can occur to beams, decking, attic area, items stored, ceilings, , etc. Mold and mildew can also grow in all these areas due to moisture. It is vital to fix the problem as soon as possible. The cost to replace an asphalt shingle roof may be less expensive in the long run.

Repairing a roof comes with some concerns, even though it may save you money over replacing it. If the existing shingles are lifted or deteriorated, a repair may not be sufficient. Because all parts of a roofing system are connected, repairs are often only a temporary fix. are typically overlapped, so a repair may result in further problems with other shingles. An older roof will be faded, and new shingles will stand out as well.

A sagging roof, the presence of granules in your gutters or on the ground around the house, curling, or buckling shingles, are all good reasons to replace rather than repair your roof. The average cost to replace roof shingles is $7,500.

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How Much Does A New Roof Cost In 2022

After reading this article, you know why your roofing projects price will be higher than expected. Remember, theres nothing we or another roofing company can do about these price increases.

The only thing that we can do is educate you on why its happening and your options if youre worried about affording a new roof. Unfortunately, I cant say when the price increases will die down.

But what I can do is give you an idea of how much a new roof costs in 2022. While the numbers wont be 100% accurate, they help you understand the budget youll need for a roof replacement with the rising prices.

Since 1990, the team at Bill Ragan Roofing has helped thousands of homeowners in Nashville and surrounding Middle Tennessee areas with their roofing needs. Our workmanship comes backed by a lifetime guarantee, so youll never have to worry about your roof again.

Check out The Average Cost to Tear Off and Replace Your Roof to get an idea of the budget youll need for a roof replacement.

Latest Price Increases: House Shingles And Roofing Materials

Matt Stone

If you’re building a new house or doing a renovation project, you know prices for all kinds of building materials are going way up and supplies of it are way down.

“In the last 7 months we’ve probably had about six price increases sent over to us from different manufacturers for roofing materials,” said Chris White with Boak & Sons roofing.

White says a kink in the supply chain has led to price increases on just about everything they work with.

Covid caused work stoppages on a lot of products being made with oil and chemicals.That, and some natural disasters down south this year have led to a 22% increase in those materials, when usually they average a 1% increase each year.

“There’s been a bit of a chemical shortage with the freeze in Texas with all of the chemical plants freezing and breaking their water lines. So anything with a chemical in it is at a premium right now and anything with trucking is at a premium because of delivery shortages,” said Mark Ramunno, Home Builders Association.

So if you’re looking to put a new roof on your home should you wait if you can? Unfortunately, the experts say they don’t see the prices going down any time soon.

“So should I do my roof now or do I wait? We are telling our customers do get on the schedule. Find a good contractor that you can trust get on their schedule and lock in your price now. There is no projected end in this shortage right now. We don’t know if it will be over the winter or spring,” said White.

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Cost To Shingle A Roof

On average, you should expect to spend $8,500 to shingle your roof. However, the cost will depend on various factors. They include the size of the home, type of material, and style.

The following table shows the high, average, and low costs of installing a shingle roof.

Shingle Roof Cost Range
$5,000

Cost To Reshingle Roof

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A complete roof replacement includes tearing off the existing roof, replacing any damaged decking, installing new felt, and applying new shingles. However, reshingling is a popular alternative to full replacements for homeowners who need roofing upgrades but still have a solid roofing foundation.

A roof reshingle is done by putting new shingles over the existing shingles without a complete teardown of the product that is already on the roof. This is called an up and over job. For a reshingle project, a roofer may also choose a rip off job, where they pry the old shingles up before installing new roofing shingles and paper on the bare sheathing.

It may be difficult to find a contractor to do a reshingle as shingle warranties may be voided. In addition, reshingling may not meet current building codes. However, there are situations where a reshingle may be appropriate. If the existing shingles are flat and there is no damage to them or the decking, a reshingle may be less expensive than an entire replacement/new installation. If your roof is eligible for a reshingle, it could save you $500 – $1,000 with the average cost to reshingle a house at $6,500 – $7,000.

Buyer beware–make sure your contractor is licensed and insured if they are willing to do a reshingle. Also, check out warranty requirements for the shingles and the labor. If you save a little on the average cost to reshingle a roof, it could cost you more in the long run.

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Why Are Roof Installation Prices So High

That is a very fair question, and its certainly a question thats on the minds of many American homeowners in 2022! If youve had a roofing project estimate done recently or have simply gone online to get a ballpark idea of what roof replacement prices would be right now the cost may have been higher than you had anticipated. We know this can be frustrating for you, and we can assure you that its equally frustrating for us at Skywalker Roofing!

Roofing Shingles Prices Breakdown

Here is a closer look at prices for different types of asphalt shingles.

PRODUCT
$45 + / bundle or $135 + / square
Energy-Efficient $40 + / bundle or $120 + / square

In the past three years, from 2016-2020, shingle prices have actually gone down by about 20%. This is great news for homeowners looking to get a new roof.

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Why The Current Increase In Roofing Prices

This is a very good question and I will give you my opinion on this, along with roofing manufacturers and suppliers reasoning.

The basic premise here is that oil prices went up to and above $100 / barrel levels once again, just like back in 2008, and since asphalt shingles are made with asphalt , which is an oil refining by-product, the cost to manufacture them also went up. Additionally, transportation costs are up due to higher gasoline / diesel prices.

On top of that, with multiple devastating tornados ravaging the south and midwest, there were many damaged roofs, and now the demand for roofing materials is also up. Here is what a supplier has to say:

Due to the natural disasters around the country the demand for roofing materials has now increased 30% as of May 23rd, and will continue to rise throughout the rest of the year, as well as the increase in oil, fuel and to cover the delivery charge

Is it really so? While these are somewhat valid reasons the truth is, tornadoes ravage the south and midwest every year, as well as hail storms, etc. Therefore the reason for roofing prices spike due to increased demand for roofing materials, sounds fishy at best. Spike in oil prices? Well read below.

Steel Shingles And Tiles

Owens Corning Oakridge 32.8

There are several common types of steel roofing. Galvanized steel, which is coated with zinc to deter corrosion, is a popular choice for its strength and durability. A cheaper alternative is Galvalume, which is aluminum-coated steel. On the high end of the scale is stainless steel, which is a rare but striking choicethe Chrysler Building, for example, is roofed with stainless steel.

A 100-square-foot Galvalume panel costs between $75 and $250 and installs for a total of about $5.50 per square foot. Galvanized steel, which is a bit more expensive, runs about $3.35 to $4.25 per square foot, and materials plus installation come out to about $10 per square foot, or $17,000 to $25,000 total. Stainless steel is quite a bit more expensive at $10 to $16 per square foot for materials and as much as $15.50 more per square foot for installation.

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Why Roofing Prices Keep Going Up In 2022

If you need to replace your roof, you may have noticed that roofing prices seem to be higher than what they were only one year ago. The average reported cost for asphalt shingles is $5,460- 8,750 on a 1,600 sq.ft. ranch style home.

In this post, I would like to offer a unique insiders perspective on this pricing situation to homeowners looking to get the best deal on installing a new roof.

Contact your local roofing pros for FREE Roof Replacement Estimates!

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Roofing Industry Hit Particularly Hard

While the price of construction materials is up across the board, roofing materials and steel are the two hardest-hit categories at the present time. The industry is still recovering from inventory shortages that began in 2020. While certain roofing trends have relaxed demand, these factors mean that roof prices are still on the rise.

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How Long Does An Asphalt Roof Last

When considering asphalt shingles, many homeowners want to know how long their roof will last.

There is lots of conflicting information out there, including promises of 30 year shingles, 50 year shingles, and Lifetime shingles from roof manufacturers themselves.

What do these numbers really mean? If you buy 30 year shingles will your roof last for 30 years?

Unfortunately, these are all marketing scams, and not even the best asphalt shingles will last 30+ years, or a Lifetime

A properly installed, high quality asphalt roof can last 18-22 years plus at best, if you regularly do maintenance and live in a mild climate. However, most asphalt shingles last about 14-16 years, before needing total replacement.

The reality is there is no way to predict how long your roof will last because a few factors impact shingle longevity:

1. Severe temperature fluctuations will greatly shorten the life of your shingles. Going from hot to cold temps every season speeds up the aging process in the shingle material and it breaks down faster. This is why in the Northern States like MA, NY, asphalt roofs are often replaced every 10-12 years.

2. Exposure to high heat. Living in areas with very hot temperatures year round also ages the shingles much faster than the average expected service life. High heat can easily reduce the service life of your roof by at least 30%

Some people wait for so long before repairing their roof that they come to a point when they need to replace it.

What Affects How Much My Roof Replacement Costs

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Roof prices depend on two primary factors: materials and labor. Whether youre getting a new asphalt shingle roof or trying out a metal roofing system, materials are required, and more often than not, the cheapest materials available arent the right way to go.

Youll also need plenty of labor from skilled roofers to install these materials safely and reliably. In general, you can expect forty percent of your roof replacement cost to go toward materials and sixty percent toward labor. Of course, this varies with individual projects and with roofing trends.

The shingles, tiles, or metal panels that make up your roofing system will be the single largest material expense, but there are plenty of other materials as well. These include items like:

  • The water-resistant underlayment that goes on before the shingles
  • The soffits that protect your rafters from weather and pests
  • The drip edge or flashing that directs water at the edge of your roof

There are also multiple steps that go into the labor side of your roof replacement. Labor costs have to cover the removal or tear-off of existing roof materials, the installation of the new roof, and the ensuing cleanup. Altogether, a lot goes into every roofing project.

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How Much Does A New Roof Cost

Naturally, the cost to replace a 2000 square-foot roof versus a 3000 square-foot roof will be less. If you are going to spend your hard-earned cash, you are going to want to get the best possible deal on your new roof. That being said, there are a few things that you should never bargain shop for when it comes to the cost to replace roof materials.

To begin, depending on where you live, replacing the roof on a 2,000 square foot home costs between $6,200 and $13,664. Of course, this includes fully installing asphalt shingles on your house as well. This estimate is especially useful for those of you who are looking to buy a new shingle roof. The best roofing shingles may drive the replacement price up as much as 20%.

Depending on where you live in the United States, the average price to replace an asphalt shingle roof is around $7.04 per square foot to install. This roof replacement includes:

  • All the roofing materials
  • Professional installation
  • Workmanship warranty

NOTE: The average size of an American home is about 2,000 square feet. And if your home was built more than 20 years ago, chances are that it will be significantly smaller. Meanwhile, newer homes are much larger on average.

How does this apply to you?

The size of your roof changes according to:

  • How many stories or levels your house has
  • The type and slope/pitch of roof shape
  • The complexity of your architectural design

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