From The Hustle
If you’re planning a home renovation, you may want to stop reading this and go paint shopping, like, now.
The perfect storm of factors has created a massive shortage in paint supply, leading to the highest prices since 2009, per CNBC.
Here’s what’s happening:
As a result, popular paint colors are both harder to find than usual, and also way more expensive.
The shortage is being felt across the board:
The bad news? Experts believe prices will continue rising through the end of the year.
The good news? It should be temporary -- the Federal Reserve considers paint part of a group of materials experiencing a period of “transitory” inflation, which they claim is already showing signs of recovery.
The best news? There’s no shortage of paint-mixing videos on YouTube, which may help you relax while waiting for your favorite color to get restocked.
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