What do hurricanes have to do with your next home improvement project in Wisconsin? Well, if your next project happens to be roofing, you will be surprised.
Hurricane Sandy swept the east coast last fall, causing millions to be without power and a total of $75 billion in damages in the United States alone.
Photo Courtesy of Kristie Crofts
In Southeast Wisconsin, we dealt with high waves on Lake Michigan, but the storm didn’t have as much direct impact as our neighbors to the east.
So, how does this affect your roofing project? It’s a story of supply and demand.
When hurricanes hit, materials are needed to repair the damages. As in this case, there was so much damage that there was a great need for roofing materials. Manufacturers like Owens Corning shipped supplies to the Sandy-stricken areas, leaving the rest of the country short. In order to prioritize the orders, manufacturers raise prices.
Owens Corning has announced a double-digit price increase that took effect on March 1st and an additional increase on April 15th.
Where is the silver lining, you ask? All suppliers order their shingles in bulk, and wait to raise prices until their stock is depleted. Once the stock is depleted, however, the prices will rise. At Weather Tight, we leave you with a price that is good for a full year. This gives you the opportunity to lock into our current pricing before the current stock is depleted!