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You Thought Lumber Was Bad? Paint's Making Home Renovation Even More Expensive

It’s true: According to Sherwin Williams, the raw materials used to create most paints are on the rise, and as a result, the company will increase prices on all its American paint products by 7% starting August 1. According to John Morikis, chairman and CEO of Sherwin Williams, a lot of the materials shortage has to do with the freezes down in Texas, which interrupted the supply chain and ruined many stored materials.