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Sunday, June 16, 2024

Top 4 Factors Contributing to the Rising Roofing Costs in 2021

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Let’s face it – a roof is a significant investment, and if you are looking for roof repairs or roof replacement, you might already be familiar with the costs involved. You might also have conducted a little research of your own and asked yourself some common questions such as: “Why is roofing Costs so expensive?”

 “Is it worth getting a new roof?”

“Has the price of roofing materials increased?”

Over the past several years, the roofing Costs of materials have risen dramatically due to several factors like the Covid-19 Pandemic, and this year is no exception either. With that in mind, our experts have listed some of the factors that can influence the cost of your roof repairs or replacement project this year and in the near future.

1. Cost of Materials and Supplies 

Oil is one of the most common materials used for manufacturing roofing supplies, especially in the manufacturing of asphalt shingles. As the most popular roofing material in the U.S., asphalt shingles are still one of the most affordable and durable roofing materials out there. No wonder, you can find these shingles on more than 70% of the roofs in the US.

Rapidly increasing oil costs have a direct impact on the cost of producing asphalt shingles. What’s even more worrying is that the crude oil prices have nearly doubled in just a few years and are still rising at an exponential rate.

2. Political Environment

 There is no denying the fact that the political climate of the countries can significantly influence the costs of construction and roofing materials. The increased tariffs on steel, aluminum, and other industries have brought a great deal of unpredictability to the construction industry. Furthermore, these increased tariffs have led to speculation and trade wars that will continue to drive up construction and roofing material costs for several more years. 

3. Extreme Weather Events 

Storms, hurricanes, and other extreme weather events are common in this part of the country. It’s not surprising that the devastating hurricane season contributes the most to the rising prices of roofing materials.

During the last few years, these weather hazards have damaged hundreds of houses and businesses in the region, and a lot of them have not been fully repaired till today, mainly due to a shortage of supplies and availability to skilled Roofing Contractor Hiawassee GA. This lack of availability of supplies has resulted in higher costs of materials and demand across the construction and roofing industries. 

4. Labor Shortages and Rising Costs 

The Great Recession of the last decade has significantly hit the skilled labor industry. As a result, many workers have shifted to other trades. This leads to a shortage of skilled workers in the construction industry. And when combined with stringent immigration laws. The costs of hiring and retaining competent workers have increased dramatically over the last decade.

Get In Touch Today Make sure that your roof is ready to withstand. Extreme weather conditions for optimum protection to your home and family. So, what are you waiting for? Give RRG Roofing a call at 678-325-6949 and receive a FREE estimate today.


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