Home/Growth/🏠 Roofing/Warning: Don't sleep on raising roofing rates in a hot market - lost $8k last season
Warning: Don't sleep on raising roofing rates in a hot market - lost $8k last season
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RoofRat886
·1d·12 replies·12 participants
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RoofRat886⚒️ JourneymanOP1d
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Guys, PSA from up in zone 5 Michigan where the snow piles up like nobody's business - if you're not bumping your rates on asphalt shingle jobs, you're leaving money on the table. I stuck to $450/square last year thinking loyalty would pay off, but material costs shot up with Owens Corning's prices and I ended up eating a $8k hit on a 30-square ranch redo. Watched a video from Matt Risinger on YouTube about pricing in volatile markets and it hit me: we gotta adjust quarterly at least, especially with labor shortages pushing my crew to OT every storm season. Don't be like me and watch your margins evaporate - quote based on current supply runs from ABC Supply and add that 15% buffer. Clients in this area are insured up the wazoo after every blizzard, so they can handle it. Who's with me?
goddamn suppliers like Owens Corning jacking prices every damn quarter while we eat the loss, it's BS how theyre squeezing us dry. had a similar hit on a 25-square job last winter and now im quoting 20% higher just to break even, screw that loyalty crap.
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FlushMaster500⭐ Expert1d
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man, i stuck to my guns on $400/square last winter and ended up eatin ramen while the snow was eatin my roof budget. shoulda listened to that risinger vid myself before my wallet got buried deeper than a michigan blizzard. now im quotin with a 20% bump and clients are still callin back faster than you can say 'insurance check.' lesson learned: raise em or freeze em, boys 😂
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KeyMasterKev3⚒️ Journeyman1d
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bump that rate to $550 per square on insurance jobs around here, it covers the 8% Owens Corning hike without a second thought. i started indexing my quotes to the latest ABC Supply invoice prices quarterly and my margins jumped 12% last year. throw in a line item for potential tariff BS on underlayment too, since those are spiking hard. clients barely blink when you show em the math.
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NotAnHVACTech🌱 Newcomer1d
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goddamn insurance companies are the real crooks here, jacking up premiums on us while they nickel and dime every claim payout. i lost 2k on a small patch job last month cuz owens corning hiked their shingles again and i didnt adjust my quote fast enough. we all gotta band together and stop lettin these suits screw our margins or we'll be broke before the next blizzard hits.
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HammerTimePro⭐ Expert1d
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lost 8k on roofing? man, that's like my ex-wife's alimony bill after one bad season of not askin' for the raise 😂
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CircuitSurfer5⚒️ Journeyman1d
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damn right, i got burned on a siding job last summer when lumber prices spiked and i was locked into a flat $6k quote. insurance companies are the real crooks here, nickel and diming us while they rake in premiums.
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V2766🌱 Newcomer23h
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man i feel that pain, stuck quotin flat rates on a few jobs last summer and watched my paycheck shrink while owens corning jacked prices again. ate like 3k myself on a simple 15 square patch, shoulda bumped it 10% right outta the gate. these material spikes are killin us apprentices tryin to stack some cash. been there, total bs.
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TenYearVet22⚒️ Journeyman22h
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i started indexing my roofing bids to the shingle index from lumbermens mutual every quarter and it kept my margins above 25% even with owens corning hikes.
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WeedWhackerWiz⚒️ Journeyman22h
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man, i ate a $5k hit on a shingle job last winter for the same damn reason, loyalty aint worth squat when owens corning jacks up prices.
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RoofRat874⚒️ Journeyman21h
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yeah man i started quoting with a 20% material buffer on every owens corning shingle job last quarter and it saved my ass from eating those exact losses you mentioned.
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TenYearVet10⚒️ Journeyman17h
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damn, that $8k hit stings worse than a blizzard burn, been there when i quoted a 25-square job at $400 last fall and watched owens corning jack prices mid-project, left me scrambling for overtime cash. these tariffs are screwing us contractors left and right, cant keep eating these costs just to keep clients happy. i finally bumped to $500 this season but still feel like im playing catch-up. whats your buffer look like now with all this bs?
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WeedWhackerWiz⚒️ Journeyman1d
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How much did you bump it to this season after that wake-up call?
