South Florida drywall and painting service businesses such as Florida Painting Company, evaluate the US Drywall and Insulation Installers Market Research Report (2014-2029) and discuss trends.
-- According to a drywall and insulation installers in the U.S. industry analysis, such contractors have endured mixed highs and lows in recent years, a report citing low interest rates that spurred considerable residential construction activity while providing a boost as nonresidential markets slowed amidst the COVID-19 pandemic. Between lagging office building construction that has hindered contractors and office building construction that has continued to falter because of remote and hybrid work environments, data has indicated that warehouse and hotel construction have greatly benefited drywall contractors, providing growth in the commercial market.
Adding to this report is the fact that industry revenue has been increasing at a CAGR of 0.6-percent over the past five years to total an estimated $62.5 billion in 2024, including an estimated 2.4-percent increase in 2024.
U.S. drywall and painting services businesses, including Miami-based Florida Painting Company, are looking at the details of a Drywall and Insulation Installers in the U.S. - Market Research Report (2014-2029) to determine trends and insights for their community members and customers alike.
For more information visit https://floridapaintingmiami.com/
“Contractors are experiencing steady growth because of varying market conditions,” explains Florida Painting Company’s Sebastian Bednarski. “While low interest rates previously stimulated residential construction, rising rates have since slowed this uptick; conversely, the nonresidential market expanded despite rate increases. What’s more, extreme climates are attracting drywall/insulation and painting contractors, which makes sense - areas exuding harsh heat, such as our hometown of Miami, or cold conditions require durable insulation and painting, creating the need for the expertise of contractors.”
Bednarski also points to the fact that competition has been fierce among contractors, notably in the Sunshine State, as they vie for business primarily through pricing and, as such, local reputation and client testimonials often make the difference in a painter getting the job.
“When we look at the industry outlook for 2024 to 2029, the market size is expected to grow over the next five years,” adds Bednarski. “According to online real estate entity Zillow, there were 4.5 million fewer homes than needed back in 2022, an increase of 200,000.0 from 2021; in looking toward the near future, low housing stock will continue to support growth for drywall contractors and painters as this trend will support both new multifamily and single-family home construction, requiring contractors to divide rooms.”
Representatives of Florida Painting Company have also been analyzing the trending paint colors from every brand moving into 2025, coming to the unanimous conclusion that the color landscape for interior design will be “full of stunning paint shades,” from cozy neutrals to pretty pastels “bursting with personality.” According to Bednarski, some select examples of these shades include HGTV Home by Sherwin-Williams’ Dark Auburn from its 2024 color collection, Pantone’s Peach Fuzz, Benjamin Moore’s Blue Nova - dubbed their color of the year - and Behr’s Cracked Pepper.
Florida Painting Company specializes in residential and commercial painting services in the Brickell, Sunny Isles and Edgewater areas including apartment painting, interior painting, exterior painting and house painting.
The customer favorite painting company is located in Miami, Florida and can be reached by calling (786) 724-4880. Additional information can be obtained by visiting www.FloridaPaintingMiami.com.
Contact Info:
Name: Sebastian Bednarski
Email: Send Email
Organization: Florida Painting Company
Address: 555 NE 15TH STREET PHG (34G), Miami, FL 33132, United States
Phone: +1-786-724-4880
Website: https://floridapaintingmiami.com/
Source: PressCable
Release ID: 89154832
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