Now There’s a Paint Shortage. Shortages seem all too commonplace these days in the Desert. First, there were shortages of lumber, computer chips for new cars, and manufactured goods. Now, it’s paint.
According to a recent article in CNBC, “The raw-material shortage is still something we have a meeting once a week to discuss what are we out of this week,” Jeff Grasty, president of Florida Paints, told CNBC.”
With the surge in home sales, demand for paint and wallpaper also surged 7.8% last year. In fact, there was $1.1 million in paint sales just in November. However, supply chain shortages are hindering paints’ manufacturing and shipping shortages.
Higher paint prices haven’t slowed purchases. Even though paint prices jumped 15.7% in 2021, people still painted.
There currently is not an end in sight. Paint companies forecast paint supplies and prices will not normalize until late 2022 or early 2023.
So, should you hold off painting your home in the Desert?
No. In the long run, paint lasts a long time according to the type of paint. For example, latex paint lasts 2 – 10 years, and Acrylic paint lasts 2 – 15 years. It’s always best to contact a professional to determine what type of paint is best for your home and coverage. Professionals will also give you an estimate of the cost.
Do you need some names of painting professionals here in the Coachella Valley? Give me a call today!