What do you think about steel shingles like Decra?Watch out, Obama's Repave America plan will severly hurt asphalt prices. I was talking with a certaitneed rep (not a local guy but a higher up corporate guy), not the suppliers who give alot of false information. I think I got the real skinny from him.
Essentially he explained how in 2007 the US government mandated "cokers" be applied to refineries to produce less sulfur in the gas and reduce emmisions. I suppose these cokers are super expensive or they'd have done them sooner, because I am told as a result of the cokers less asphalt is actually produced. To those who don't know Asphalt is a by product from actually producing gasoline. Gasonline sell for more per measurement than asphalt so the refineries are producing as much gasoline as possible.
To add insult to injury 85% of aspahlt produced goes to roads. 15% goes to roofing and other. Let me say that again 85% roads, 15% other. We are the other, and only a fraction of the other. Now back to the repave america plan to stimulate the economy. Sounds like a great idea actually since it worked for Ike when he built the interstate e-ways. However it's going to hurt roofing.
Here is my prediction for residential roofing... Write this down, I want it on record... oh wait I'm writing it in this post, never mind Asphalt based roof shingles will continue to rise to a point where the synthetic alternatives like ecostar, davinci, and lamarite become very feasable alternatives. Metal is also currently gaining popularity and I expect that to take a spike upwards as well. In addition the increased production of these alternatives will lower the price. This will happen in the not so distant future, maybe 2-3 more years.
My prediction for commercial roofing is not anything astounding, and has been going on since the 90's. Asphalt roofing is losing market share year after year to single ply. The rising asphalt prices will just super charge that loss of market share. It already happened to us last year putting single ply as our primary roof covering for low slope and modified as our secondary.
Start gearing up for the changes now guys, it's coming for sure. Mark my words!
As for the March increases I am having 5 jobs delivered this week which will be neatly tarped and waiting for us when the weather breaks above 40 consistantly.