Homeowners with aging or damaged roofs are forced to face an ugly truth. The cost of roofing supplies is still on the rise for Atlanta roofing companies. Unfortunately, this means one thing: the cost of installation and roofing repair in Atlanta is also on the rise. For many contractors, this could mean a rise in job costs of up to 15%.
Greed might be the first thought as to why prices keep hiking upward, but the truth is more complicated than that. In fact, rising supply costs only make business more difficult. In this article, we’ll dive into all of the reasons why roofing is getting more expensive in Atlanta.
With inflation or supply and demand working in the background, it’s only natural for costs to rise. However, the rise in the cost of roofing materials has been seemingly disproportionate. In just one year, from 2020 to 2021, the price of basic materials has risen several times, with some manufacturers announcing increases of up to 10%. The cost is then passed on to contractors who either need to eat the cost or be forced to raise their prices, too.
It’s no secret that COVID-19 has left a massive impact on the economy. While all sectors were dealt a blow, the construction industry had it particularly bad. At the height of the pandemic, production facilities were shut down, slowing the flow of work to a halt. This slowdown created a domino effect of compounding issues, ultimately leading to the persistent rise in materials cost.
With manufacturers shutting down their production facilities or restricting operations for the sake of safety, production of roofing materials either slowed down or stopped entirely. However, the demand for roofing materials did not slow or stop. With a much smaller supply of materials available, jobs had to be pushed back significantly. Because demand was increasing while the supply was dwindling, the cost of supplies skyrocketed.
Part of the cost of materials comes from the operations required to create them. However, many manufacturers were forced to downsize their staff to meet safety guidelines. The remaining staff had to work harder and work longer hours to make up the difference. This change forces the cost of operations to increase, which is then pushed onto the cost of materials to make up for the loss.
Asphalt shingles are one of the most common types of shingles used in roofing. The problem is that asphalt is a by-product of refining crude oil. The cost of oil has massively increased in the last year, affecting the cost of shingles.
The cost of materials is projected to continue increasing until further notice. If your roof is in need of repairs or replacement, it would be wise to get that work done as soon as possible. Give Georgia Roofing and Paving a call today to learn more about our services.