Why are roof installation prices increasing so quickly?

This is very good and first questions come in the mind of many American Homeowners in 2024! If you have had a roofing project estimate done recently. You have simply gone online to get an idea of what roof installation or roof replacement prices would be right now. The cost mat have been higher than you had anticipated. We know this is frustrating for you, and we can assure you that it is equally frustrating fir us at EcoShield Roofing!

Be sure to avoid doubtful roofing companies

Your first thought might be that the roofing company you contacted is just trying to fraud you, or their price is unfair. We understand your concern and there are some fraud roofers out there who will try to take advantage of you. For example, whenever a hurricane passes through the North Carolina, you see local roofing services signs along the road from some travelling roofers who are little more than storm chasers. These will frequently include names you have never heard of! We strongly advise you to stay away from these over night roofing companies!

What causing the rise in roofing price among reputable roofing companies?

The main reason for the roofing price keep increasing is that manufacturers are raising their prices on roofing materials. Another reason is insurance company hike their rate up to 42% in 2024. It started with the COVID-19 pandemic of 2019-20. Many business have negatively impacted by the pandemic, and some of its effect on the global economy still continue to reverberate throughout many industries, including roofing. In case of manufacturer prices continue to rise thanks to the increased cost of the raw materials needed to generate finished roofing materials. Its due to Russian invasion of Ukraine in February 2022, followed by a global boycott of many Russian-owned business in protest of the war.

These impacts don’t just apply for a selected roofers in the USA, they really affect the entire nation roofing industry, including all local roofing providers in NC. But let us also go ahead and provide you some good news that EcoShield Roofing is still here to serve you with a perfect roofing solution, and thanks to our advantageous relationship with premium manufacturers.

Shingle roofing material costs

Shingles are most common type of roofing material used in USA. They are easy to customize and come at various price point. The average cost to install new shingle is around $6.25 per square foot for basic asphalt shingle. While cost is vary for different shingle such as aluminum shingle, Composite shingle, Slate shingle, Ceramic shingle and more.

Metal roofing material costs

The cost of metal roof is an average of $9,888. Many homeowners will pay anywhere between $5,224 and $14,579. However, these prices vary based on the roof style, material, and labor costs in the area. A standing seam style will cost around $7 to $14 for every square foot, while granular-coated units and modular press-formed panels are approximately $8 to $10 for every square foot. Before installing your metal roof, consult with your roofing contractor to see which style is best for your home and personal preference.

What is the best plan of action if you need roof replacement in North Carolina?

If your roof has been damaged by storm, you honestly can not afford to put off a roof replacement. The roof problems you are currently experiencing simply are not going to fix themselves! But what if you know you need a new roof but have no present roof leaks? Would it pay to wait it out for prices to fall in a few months? Honestly, it would not. Roofing materials have never been less expensive, even when the economy was good in the past. The population continues to grow, and there are more residences and business than ever. And all of those structures require dependable roofs, as well as roof replacements when they become necessary. Roofing will remain a high-demand business, and fact won’t change. So, if you are looking for roof replacement anytime in near future, the best time to schedule your roof replacement project is NOW.

If you need new roof in NC, EcoShield Roofing has got you covered all roofing needs!

As your roof ages, your roof experience leakage, broken vents, algae buildup. But if you do regular maintenance, it will help you to extend the lifespan. If you are looking for roof maintenance services or any roofing need in Winston-Salem or surrounding area. EcoShield Roofing provide the best roofing services. We server Winston-Salem with residential as well as commercial roofing services. Don’t hesitate to contact us at (336)-937-9673 for free roof inspection.

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Author: William Sessions

William Sessions started a roofing business in 2018 with a mission to create high-quality roofs for Winston-Salem and surrounding areas. He did jobs for Safeco, Liberty Mutual, All-State, and Nationwide for two years. In that experience, he learned how to properly inspect for Hail, Wind and other damages to shingles that would impact insurance claims. After that, he started his own family business and proudly served roofing service in North Carolina. He leverages his roofing knowledge and provides useful insights through blogs on ecoshieldnc.com