While many industries have seen record slowing due to the COVID-19 pandemic and a weakening economy, some industries are prospering and among those, roofing companies have had so much work in the past year, some contractors have expanded their businesses to keep up.
What is driving all of this demand in the roofing industry? Industry experts see a number of factors responsible for what has turned into a very lucrative time for roofing companies:
Home Improvement Efforts On The Rise - The COVID-19 pandemic has prevented many people from doing things outside of their homes over the past few years. Between boredom, necessity, and simply the ability to notice more things going on at home, many homeowners are turning to home improvement as a means of occupying their time and creating more value in their existing homes. Many of those in need of new roofs are ticking that box off their list, keeping local roofers busy.
The Housing Market Is Booming - Home prices are up, way up, so more people have been motivated to sell. Whenever the housing market is active, so are the roof contractors. Some owners get roofs done before selling to get a higher price and others buy low and do the roof afterward. In either case, the more homes that are changing hands, the more in-demand the roofing companies become.
The Push For Greater Sustainability - As global warming and climate change become bigger problems, the shift to more sustainable and eco-firendly solutions has been strong. Roofers are installing many new energy-efficient materials these days, including new solar innovations, high-performance shingles, and many other products. The availability of these products has many home and business owners opting to replace, rather than repair their outdated, existing installations.
Whether you own a home, a commercial building, or some other structure that needs a roof, this year will be a great time to tackle that project.
Yet the demand for qualified roofing companies is high, so start planning early. Talk to some local roof contractors today if you need to shop around so your contractor of choice is able to pencil you into their schedule.
In doing so, you can avoid the fly-by-night roofers and find the perfect contractor who will provide quality repairs or new roofs that you can count on!