Production shortfalls of roof shingles are expected to continue for most of 2022. In fact, SRS Distribution, one of the fastest growing building products distribution companies in the U.S., recently sent roofing contractors the following message:
As the imbalance of supply and demand continues to persist, inflation pressure has now been intensified by global unrest. The confluence of these factors is providing a challenging mix of supply chain disruptions leading to extreme rising costs and freight for all products from our manufacturing partners. You may find the most recent round of price increase notices on our website at www.srsdistribution.com.
In response to these increased costs, we are announcing a 10 - 15% increase for asphalt shingles and residential roofing accessories effective on or after April 11th, 2022. Commodity-based items will be priced at time of shipment so please work with your branch representative for further information. We also predict more increases will be coming in future months, so plan accordingly.
How Does This Affect Homeowners?
If you believe your roof might need replacing, contact us now. Prices have already risen and may not come back to their pre-COVID levels even after roofing supplies catch up with demand.
The first round of price increases took effect on January 31, 2022 and most manufactures have already announced that they will raise prices again in April by another 10 to 15 percent.
Your cost for shingles is based on when they’re delivered — not on when you ordered them. So the longer you wait, the more likely you’ll run into the next price increase.
Manufacturers are spending the majority of their production time on colors that are more common like weathered-woods and black shingles.
Lower volume colors and special order colors are going to be harder to get until manufacturers can recover from the current roofing material shortages.
Call Sousa Roofing & Siding today at 508-297-ROOF to get a Free, No Obligation Quote to replace your roof.