Kerry Pianoforte, Editor 11.08.13
While not back to pre-recession levels, the U.S. economic situation is certainly looking brighter. According to a recent report from the National Association of Realtors, new-home sales are at a five-year high. Total existing-home sales this year will be 10 percent higher than 2012, reaching more than 5.1 million, and are likely to hold even in 2014. This is good news for exterior architectural coatings manufacturers, who rely on both existing homeowners repainting and new home construction for their business to grow.
“We are certainly seeing positive growth in the exterior architectural coatings market and this is being fueled by an improved housing market and increased consumer confidence,” said Ethan Opolion, product manager at Dunn-Edwards. “The rebound in construction activity is a key driving force in this improvement.”
“According to the U.S. Paint and Coatings Market report, from August 29, 2013, U.S. demand for paint and coatings is forecast to reach 1.5 billion gallons in 2017,” added Opolion. “This is a large gain from the volume declines recorded during the 2007-2012 period. These gains will be furth
“We are certainly seeing positive growth in the exterior architectural coatings market and this is being fueled by an improved housing market and increased consumer confidence,” said Ethan Opolion, product manager at Dunn-Edwards. “The rebound in construction activity is a key driving force in this improvement.”
“According to the U.S. Paint and Coatings Market report, from August 29, 2013, U.S. demand for paint and coatings is forecast to reach 1.5 billion gallons in 2017,” added Opolion. “This is a large gain from the volume declines recorded during the 2007-2012 period. These gains will be furth
Continue reading this story and get 24/7 access to Coatings World for FREE
FREE SUBSCRIPTION
