Sources: Portland Cement Association, Washington, D.C.; CP staff PCA Chief Economist and Senior Vice President of Market Intelligence Ed Sullivan told member producers during their fall meeting that the Federal Reserve’s recent move to lower interest rates, coupled with easing inflation, signals a significant retreat in interest rate levels by the end of next year—all to the benefit of residential…
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The Outlook For Housing Looks Promising This Year
All the arrows are pointing to an even stronger housing market in 2024 than many had expected, and this prospect is streaming through all manner of indicators, from builder confidence to buyer motivation. And this beyond the fact that interest rates have barely moved; the widespread enthusiasm is driven by the promise of three interest rate cuts in 2024 which…
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