Current Roofing Market Conditions

We have experienced an extraordinarily widespread storm year in 2008 that has affected areas of the States of CA, WI, IA, NB, KS, MO, OH, IL, IN, OK, TX, AR, MS, GA and CO. Due to the severity of the storms, the demand for roofing materials and the labor available to install it has far outstripped the supply available.

Roofing wholesalers are just now being put on material allocations due to the finite roofing manufacturing capacity and the huge demand for these materials. This huge supply / demand differential coupled with the escalation in the price of oil has caused the price of composition roofing to skyrocket. Qualified labor and crew leaders are now spread thin across the entire country. The price of roofing removal and installation has also escalated due to the increased demand for this type of skilled labor.

The price of a typical tear-off and replacement is nothing like it was just one month ago. Due to the volatile market conditions at this moment, inherent delays in the insurance adjustment process, the delay in receiving roofing supplies and the availability of roofing crews, the price given by insurers for a roof replacement is in no way realistic in this market. These settlement statements will need to be supplemented at the time of installation by additional funds from the insurers. It is in everyone’s best interest to complete the repairs necessary at the earliest possible time.