06/15/2026
PROPERTY INSURANCE INSIGHT: Is the short-lived break in building material costs over? Recent data shows roofing and siding costs dipped year-over-year, but rose 1.8% in the past month. With crude oil prices climbing, that brief stability may be ending. Overall maintenance and repair input costs are up 3% from last year and 54% since the pandemic, keeping property restoration expenses at record highs. In the months ahead, expect higher property damage claim settlements as supply chain pressures impact both carriers and contractors. For property owners and restoration pros alike, tracking these price trends is key to ensuring fair recovery. Stay ahead by monitoring trends and reviewing your coverage.
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