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Insights

Insights

Building Products Demand Forecast:  A Tale of Two End Markets

Building material spending will grow in 2024. However, demand from new construction end markets will not be the same.
Builders report unusually strong sales in December and January as mortgage rates fall. The resale market will likely follow.
A lack of builders building new homes in the Midwest is more of a perception than reality. There is steady demand for new housing in the Midwest markets, and many are adding population despite some out-migration.

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