Key Takeaways

1. Roof replacement costs are on the rise due to factors like labor expenses and the soaring prices of materials.

2. When it comes to quoting the installation or maintenance of your roof, staying informed is crucial. 

3. Regular maintenance is the secret to keeping rising roofing costs from taking too big a bite out of your budget.

The roofing industry is seeing some serious price hikes, and it doesn’t look like they’re coming down anytime soon. Inflation and the current state of the global economy are big contributors, but there’s more to the story. Keep reading to find out why the cost of repairing your roof has gone through the roof!

Roofing Costs and the Supply Chain

Since COVID, supply chain disruptions have driven up the cost of raw materials, putting financial strain on the industry. According to the NRCA (National Roofing Contractors Association), construction material prices are a whopping 24.4% higher. And we get it—half of the survey respondents said supply chain issues and material shortages are their top challenges.

Rising Roofing Costs Due to Labor Shortages

On top of that, labor shortages are making things worse, with fewer skilled workers available to meet the growing demand for services. That’s why it’s more important than ever to hire certified services from companies that guarantee the quality of their work and materials, like Select ShingleMaster, GAF, BBB, or Moment.

How the Current Economy Is Driving Up Roofing Prices

Everyone’s feeling the pinch of inflation in the U.S., especially when it comes to the roofing industry. It’s not just the rising cost of materials; the daily operational costs are also climbing, including transportation, fuel, tools, software, and maintaining a well-prepared team.

Roofing Quotes: What You Need to Know

Homeowners are definitely feeling the impact of these rising costs. To manage your expenses effectively, it’s crucial to budget wisely and get multiple quotes. Staying informed about market trends and planning ahead for repairs or replacements can help you avoid the financial strain caused by these escalating prices. How can you do that? One way is to keep reading this blog—we’ll keep you in the loop to protect your home, your family, and your wallet.

Don’t forget that proactive maintenance is key to avoiding unexpected costs.
Get your free inspection here.

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