Paint Sales Slump as Rates Soar

Benjamin Moores CEO, Dan Calkins, shared insights on the impact of inflation and high interest rates on paint sales at Berkshire Hathaways meeting. With home sales declining and mortgage rates surging, consumers are opting for cheaper paint options. Despite a strong demand for housing, sky-high rates and home prices are hindering purchases. Calkins predicts a potential surge in paint sales if mortgage rates drop below five percent. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0d91e165898a05fd