Summer remodelers and builders face another supply-line caused problem this summer: A paint shortage. Paint firms expect a temporary 6%-40% price increase.
ST. PETERSBURG, Fla. – Fewer paint products are hitting store shelves, resulting in shortages that could hamper summer home improvement projects.
“Some of the most commonly used paints are out of stock,” says Mike Marcewicz, founder of Mike’s Painting and Home Improvements in St. Petersburg, Fla.
COVID-19 restrictions and the February winter storm in Texas – where many of the raw materials used to make most paints are found – disrupted supply chains for home products.
“In a supply chain already challenged by COVID-19, the February natural disaster in Texas further impacted the complex petrochemical network, causing significant disruptions,” a spokesperson for paint company Sherwin-Williams says. “Recovery has been significant in recent weeks and is improving – but is still far from complete. The pace at which capacity comes back online and supply becomes more robust remains uncertain.”
The paint shortages are happening as new construction and remodeling projects boom, and builders and contractors say they’re on waiting lists to receive more paint for their projects.
In the meantime, customers should expect a run-up in paint prices until the shortages subside. Paint firms say that price increases could range from 6% to 40%.
Source: “Paint Shortage Continues Months After Winter Storm Froze Supply,” Bay News-9 (May 22, 2021); “This Home Necessity Is Disappearing From Store Shelves,” BestLifeOnline.com (May 20, 2021); “The Cost of a Can of Paint Really Going Up 40%?” Murphy Bros. (2021); “Your Home Improvement Project Just Got a Lot More Expensive. From Dishwashers to Paint and Fertilizer, Here Are the Goods in Short Supply,” Business Insider (May 10, 2021)
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