If you're looking for a new roof, you might need to dig a little deeper into your pocket. This has only served to further increase the demand for many popular roofing materials, resulting in a greater scarcity of available materials and an even greater acceleration in the prices of roofing materials. If you add back in subsequent roof replacements, metal roofing becomes an even better financial decision. Because of this, local roofing companies across the country have to start charging more for roof replacement.
Larger roofing companies may not increase their prices right away because they can reduce the cost difference in the short term to keep their prices competitive. Many companies (if not most) have been adversely affected by the pandemic, and some of its effects on the global economy continue to affect many industries, including roof construction. Because your roof is a combination of roofing materials and building materials, this only increases the price even more. In this example, you can see the financial difference between investing in an asphalt shingle roof and a premium metal roof.
If you choose the “Replace the roof” option, selecting a long-term roofing system can help mitigate higher material costs. Essentially, manufacturers' prices continue to rise thanks to the increase in the cost of the raw materials needed to generate finished roofing products. Looking at the roofing industry in particular, it should be noted that the impacts of recent spring storms have also taken their toll. This is because the roofing industry is still trying to recover due to the shutdown of production and shipping caused by Covid.
See the average cost of tearing off and replacing your roof to get an idea of the budget you'll need to replace a roof. Grennan Construction has proven to be an industry leader in residential roofing companies, providing services with integrity and offering a range of residential roofing and cladding services that meet your needs. Since 1990, the Bill Ragan Roofing team has helped thousands of homeowners in Nashville and the surrounding areas of central Tennessee with their roofing needs. There has never been a time when roofing materials have fallen in cost, even when the economy could be considered “good” in the past.