The construction industry, in general, has been seeing a boom in the past few years but the roofing industry, in particular, has seen a lot of positive changes. Roofing is a basic need for every kind of residential or commercial building so the changes in the roofing industry are a good indicator of the overall changes in the construction industry. Experts forecast that this increase in demand and overall industry growth is likely to continue in the near future. Here are some of the main factors driving this change.

Natural Disasters

In the recent few years, there has been an increase in natural disasters ranging from high winds to extreme temperatures to hurricanes and tornadoes. The roof of a building plays a critical role in securing a structure in such conditions. To tackle this issue people are looking for stronger materials and better quality construction. In the case of strong winds, hurricanes, or tornadoes, the strong updraft of air from the doors and windows can easily rip the roof off a building. Stronger materials help improve the sturdiness of the structure.

Real Estate

As the real estate market is gaining momentum so is the construction industry. Homeowners look to earn the highest return from their property, so upgrading the structure is a top priority. Many homeowners are looking for quality local roofing company services to help them add more value to their homes by professionally installing better, safer roofing. The material the roof is made out of, as well as its condition, are of the top factors that determine a better price for assets; along with kitchens and bathrooms.

Age

The last property boom that happened in the US was in the early 2000s which was followed by the crash of 2007. However, during that time, a lot of construction took place and many houses from that time period are now in a state where they need to be upgraded. With the economy now stable and the real estate market in full swing, it is prime time for owners of older homes to start upgrading their houses. Roofing takes a beating over the years, especially with the recent climate changes. Old house renovations are one of the major driving forces for current roofing trends.

Economy

The booming real estate market is a result of a healthier and happier economy. People have more money to spend and while some are upgrading homes to sell, others are buying old homes and renovating them to meet their needs. Recently, the tax on roofing materials has also been at an all-time low making it cost-effective for people to invest in this part of their home. Even though newer tariffs on materials such as tiles and metal roofing sheets will push prices up, since people are able to afford them, these price changes are unlikely to cause any major disruption.

Today, the overall housing trend is also changing. In the past, people wanted to move to bigger cities whereas today they want to move out to smaller towns and live in quieter neighborhoods. As people move to these towns the only options they have are older homes, or buying land and constructing a brand new house. In either case, the demand for roofing is high and as more people wish to buy their own homes in the future, this trend is likely to continue.