Price Increase for Shingles?

Just got word from my supplier today, that shingle prices are going up March 1. Anywhere from 10 to 30%. You guys had any news of this. Something to do with nobama's bailout package.>>>

This is how manufacturer handle the price increases they drop material from their manufacturing to the supply houses . That makes perfect sense to me. It is official:

We dropped Hunter Green from Royal Sovereign color offering.

We dropped Charcoal, Hickory , Hunter Green, Sunset Brick, and White from the 40 year Timberline Prestique High Definition category.

We dropped Sunset Brick and Wedgewood from the 50 year Timberline Prestique High Definition category. (Wedgewood no longer available in any category)

Thanks Chuck and call with questions

Or it could just be the Media :

Wholesale inventories fall again in January WASHINGTON – Businesses slashed inventories at the wholesale level for a fifth straight month in January, the longest stretch since the last recession in 2001 and a warning signal that companies are likely to keep cutting production as they cope with the deepening downturn. >>>

U.S. Roofing Market Weathers Economic Storm With Steady Projected Progress Through 2013

Most viewed on msnbc.com updated 9:29 a.m. PT, Tues., March. 3, 2009

NEW YORK, NY - The unraveling of the American economy wasn't enough to prevent the U.S. market for roofing products from growing modestly with a gain of 3% from roughly $10 billion in 2007 to almost $11 billion in 2008, notes industrial market research publisher SBI in the all-new report, "Roofing Materials in the U.S., 2nd Edition." Growth was primarily attributed to sharp increases in average selling prices of asphalt shingle and coating materials, which accounted for 70% of the U.S. roofing market in 2008 and consequently lessened any volume declines in other roofing categories.

Long-term expectation for the roofing industry is sunny as the market's growth is projected to correlate with the inevitable recovery of the economy as a whole. SBI ultimately forecasts that the U.S. roofing market will grow at an unsteady compound annual growth rate (CAGR) of 2% through 2013 to reach almost $12 billion.

"Moderate recovery is expected to begin in 2010, and then accelerate in 2011 and beyond as demand picks up, prices increase, and production and supply is constrained. By 2013, totals should approach the market's 2006 peak of $12.1 billion, which was achieved shortly before the housing market declined and the economy first showed signs of slowing," says Shelley Carr, associate publisher of SBI. Story continues below ↓advertisement | your ad here

Expectations for 2009 are not as promising. SBI forecasts a contraction of approximately 16% with market totals slightly above $9 billion for the year due to anticipated declines in average selling prices and soft end-user demand.

"Roofing Materials in the U.S., 2nd Edition" features detailed data and analysis describing the U.S. market for roofing product manufacturing. The report examines the value of the market, various components of trade, end-user markets, and economic factors affecting the industry. This edition also explores housing related indicators, product and market trends with expanded coverage of green product trends, and competitive issues that impact roofing manufacturing. For further information visit: http://www.sbireports.com/Roofing-Materials-2092665/.

About SBI

SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services. For more information visit http://www.sbireports.com, or contact Don Montuori at (240) 747-3028 or dmontuori@marketresearch.com.

Contact: Don Montuori Packagedfacts.com 240-747-3028 dmontuori@marketresearch.com

11200 Rockville Pike Suite 504 Rockville, Maryland 20852

800.298.5294 240.747.3004 f www.SBIreports.com

© MarketWire 2009>>>

Kept our price for thirty yr GAF arch's at $78.25. No price increase yet.>>>

We have to face this head on-shingle prices and our roofing materials shall keep on continuing their inflationary increases all the way into 2013. The biggest dollar year on record was in 2006. There will be no recovery this year of 2009. FACE THAT FACT HEAD ON. Recovery in our industry will begin sometime in 2010. Business-wise-the dollar volume will not recover to the level of 2006 until at least 2013. These are the figures from roofing industry analysts and federal government officials.>>>

Here is one explanation-- shingle mfg's are competing with road builders for asphalt that is scarcer and scarcer.

FOX NEWS STORY = "SEATTLE — Expect a bumpier drive. An asphalt shortage is delaying road maintenance projects in communities nationwide. Asphalt is becoming scarce as U.S. refiners overhaul their equipment to maximize output of highly profitable fuels such as diesel and gasoline, using inexpensive — and hard to process — crude oil."

Without commenting on the Obama presidency, it seems more road building will mean more demand for asphalt and thus less supply & higher prices.

Another explanation I've heard is that much of our asphalt (as opposed to so-called 'sweet crude' from which most fuels are made) comes from Venezuela which is tightening supply-- perhaps artificially so. That Hugo Chavez really does like to tweak our noses.

>>>

What I read (don't remember where) was the reason for asphalt is going up is because the refining methods have improved so there is less waste so less asphalt.>>>

Makes one proud to be an American doesn't it? This is change we can all afford...or not!>>>

The reason I was given , was the price of asphalt is going up. I don't know if this is some type of EPA problem stemming off of the special interest money in the bailout , or is it a way the asphalt people can make more $.>>>