Thursday, 21 September 2023 10:15 AM
Company Update
The Latest Trends & Statistics May Surprise You
GRAND RAPIDS, MI / ACCESSWIRE / September 21, 2023 / Staying up-to-date with industry trends is a large part of running a business. In an effort to stay on top of the ever-shifting residential painting landscape, the painters at VanDerKolk Painting have researched and compiled statistics to create their first public annual house painting report. The report highlights many different statistics and trends surrounding the residential painting industry. Some of the largest report findings include:
- US consumers are estimated to use over 1.4 billion gallons of paint each year.
- On average, homeowners can anticipate a return on investment of around 60% of a paint job's cost.
- Blue is the most popular room paint color with 62% of Americans selecting the color as their favorite color.
- There is a rising demand for eco-friendly paint options. Homeowners are prioritizing low-VOC (volatile organic compounds) and zero-VOC paints.
- The average cost to paint a house ranges from $1,000 to $7,500 for interior painting and $2,500 to $8,000 for exterior painting.
"Up until now, we've maintained trend data internally. This year we wanted to release our research publicly for homeowners and other painters to get a better feel for what is going on within the industry," remarked Tom VanDerKolk. "We really enjoy putting together these industry reports. It helps us deliver the best possible service for our customers and we're hoping it will help others make decisions that will improve the value and appearance of their homes."
VanDerKolk Painting plans to continue to release an annual house painting report each year for the foreseeable future. You can view the full annual house painting report here. Some of the most popular paint colors for 2023 may surprise you.
About VanDerKolk Painting
VanDerKolk Painting is a West Michigan painting company that has been serving home and business owners since 1991. VanDerKolk Painting strives to provide superior painting services with an emphasis on craftsmanship, professionalism, and unrivaled customer service.
Contact:
Tom VanDerKolk
VanDerKolk Painting
225 Graham Street SW
Grand Rapids, MI 49503
Phone: (616) 202-6570
[email protected]
SOURCE: VanDerKolk Painting