In Oakland County, Michigan, there will be a considerable cost increase to replace your roof in 2022. This last year alone, roofing contractors have seen a 5% - 10% increase in material costs. Continue reading for additional information.
Ringing in the New Year is a great time to reflect on the past, decide on changes, and make resolutions for the future. One New Years' resolution you can count on is raising prices in the roofing industry, and sure enough, roofing supplies are going up in 2022.
If you plan on getting a new roof this year, schedule it now to lock in current pricing.
In Oakland County, Michigan, there will be a considerable cost increase to replace your roof in 2022. This last year alone, roofing contractors have seen a 5% - 10% increase in material costs. The manufacturers of roofing products have informed us that this will be the upcoming trend. Many of the price increase in roofing materials is from the rise in crude oil and the shipping delays. With no real solution in sight, it equates to raising our prices in 2022.
Recently, the COVID pandemic has caused delays in building products; whether it be from shipping delays or labor shortages, we see suppliers raising costs of goods. Crude oil is used to manufacture many roofing products and compare the price of a barrel of crude oil from last year to this year. Last year Crude Oil was under $50 a barrel, compared to upwards of $80 per barrel this year.
Here are some questions to ask if you are wondering if you should replace the roof on your home:
• Are there missing or damaged shingles?
• Are there any exposed nails on the roof?
• Are any shingles curling up?
• Is there a leak or water rings on the ceiling?
• Are the granules from the shingles worn away or missing?
• Do you have large ice dams in the winter?
• Is your roof 20+ years old?
If you answered yes to any of those questions, then more than likely, you need your roof replaced. You might be able to get by with a roof repair, but you are just prolonging the inevitable more often than not. Also, with the expected increase in pricing, the sooner you schedule your roof repair in Oakland County, the more money you will save.
The pandemic has affected all areas of our lives and in every industry in some fashion. The roofing industry in Oakland County, MI, is no different, as we have felt the rising costs of roofing materials. All building trades are experiencing shortages in materials due to catching up from all the shutdowns the pandemic caused. With fewer workers, the manufacturers cannot keep up with the demand.
Also, the raw materials that go into manufacturing roofing products are being held up at the ports. Again due to labor shortages, cargo ships are not getting unloaded as quickly as needed. This causes a backup in the production of roofing materials, including asphalt shingles, the most popular roof covering.
Recently GAF, one of our leading roofing suppliers, announced it would increase the pricing of its residential roofing products by 6-8%, effective January 31, 2022. We are receiving letters like this from our other suppliers like Owens Corning and CertainTeed stating the same thing. Scheduling your roofing project and securing it at a lower cost before January 31 can save you thousands of dollars on your roofing project.
It comes down to basic supply and demand. The supply of roofing material is limited or low, and the demand for roofing supplies is at an all-time high. Not just roofing, but the cost of lumber is at an all-time high. So if your roofs sheeting (the 4x8 sheets of lumber) is damaged and needs replaced, the high lumber cost, along with the low supply of roofing materials, means you will pay more for your roof project.
To save potentially thousands of dollars on your roof, we here at Grennan Construction recommend scheduling your roofing project before January 31. How we do this is once you schedule your new roof, we will place an order at this year's pricing to save you thousands on your roofing project.
Even after January 31, you can still save money on your roofing project, as we expect more price increases later in 2022.
There has never been a time when roofing materials have come down in cost. Because a roof is the primary layer of protection for your home, you have to get it repaired or replaced if it leaks. Due to that fact, roofing is always in demand. Some call roofing the recession-proof division of the construction industry because homeowners want to protect potentially their most significant investment. If you have a leaky roof, you are going to repair or replace it ASAP.
Roofing is not the project you want to delay, as it can cause more harm than savings. Sure, you might be able to get two more years out of your roof, but the damage to the sheeting and structure below could add more cost by having to replace the rotten wood.
So in closing, as you think about the future of your home, and if you see a roof replacement in your near future, the time is now to get it on the books and save as much cash as you can on your roofing project.
Give us a call and schedule your free roofing estimate today and lock in potentially thousands in savings. Our highly-trained staff will assess your roof and help you understand the work that needs to be done and how much you can save by scheduling your roof replacement today.
Considering the cost of roofing has already increased, and with the trend predicted to continue in the coming year, we recommend calling us today to set up your free estimate for your roofing project.
We at Grennan construction have a specialized team for residential roofing. We're a family-owned business working for decades in delivering the highest quality construction. We take pride in serving the community with the best roofing replacement services in town.
We will provide you with a free custom estimate to lock in the prices without wasting any more time.
Located in Oakland County, Michigan, Grennan construction offers loans for roof replacement in the Oakland County area.
Don't let a small budget keep you from getting what you want or need.
Don't let a small budget keep you from getting what you want or need.
Synchrony provides you with promotional financing options for major
purchases, offering you a budget-friendly way to help expand your purchasing power
and convenience with:
BEFORE ROOF REPLACEMENT
AFTER ROOF REPLACEMENT BY GRENNAN CONSTRUCTION
If you need a new roof, the Oakland County Roofing professionals at Grennan Construction can help. Our estimates are always free, and we offer to finance through Synchrony for those who qualify.
Do you still have questions about financing your new roof? If so, contact us to discuss your options.
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