Moody's: Homebuiling, building materials outlook stable for 2019
from For Construction Pros
Moody's has issued stable 2019 outlooks for the US homebuilding and building materials sectors. This stable view reflects rising mortgage rates and inventories. Highlights of the homebuilding outlook include: Homebuilders’ revenues will grow 6 percent to 8 percent in the next 12 to 18 months, and rising mortgage rates and increasing home prices continue to eat into affordability.
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