East Texas roofing companies and housing market affected by price increase of building materials – KETK | FOX51 | EastTexasMatters.com

TYLER, Texas (KETK) The cost of building materials is going up again at the beginning of the new year.Two East Texas roofing companies say theyve been told by their suppliers they will be seeing an increase of anywhere between 5% to 25%.

COVID caused a lot of suppliers to close to keep theiremployeessafe, but it caused a lot of companies to get behind on stock. Now, with cargo ships stuck at ports, we are seeing a decrease in important materials needed to repair your home.

You have the availability issue and now we have the continued price increase, supply and demand. We all know whensuppliesare low and demand is high, the price goes up and thatsfor a number ofreasons, said Jacob Law, Chief Operations Officer and Co-owner of Stonewater Roofing. Theyhave tocontinue to run a business over there and theyre turning out as much as they can, but pricing increases are coming.

The changes go down the chain until they reach local companies. Most homeowners wont see a big difference in repair costs if they haveinsurance, butpaying with cash could empty your pockets.

In the roofing industry I dont see any price decreases likely within the next 12 months to two years. I think its just going to continue to rise. So, specificallyhome ownersthat are looking to get a good deal, you probably want to do this sooner than later, said Phil Goodwin, Regional Sales Manager of Good Choice Roofing.

The housing market in East Texas is booming. A lot of people are selling their houses and many want to move. New houses are constantly going up, but withlackof materials, so are the prices fora home.

The builders are able topricetheir homes to really meet their need for building, said Melissa Thornburg, Realtor with Quality Choice Solutions.

Items likeappliances, windows andcabinetsare facing delays of anywhere from a few months to more than a year.

Yourelooking at delays. If you are wanting to remodel your bathroom you probably cant get someone tomorrow likeyou could of a year ago. SAYS THORNBURG.

Even with wait times and supply chain issues, roofing companies and realtors will do anything theycan tomake sure you are happy with your home.

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East Texas roofing companies and housing market affected by price increase of building materials - KETK | FOX51 | EastTexasMatters.com