Podcast: How strong is the construction industry right now?
August 2, 2023
The housing market has shown some signs of life in 2023 despite still high mortgage rates. Home construction has bounced back too, although concerns for a likely recession exist. What’s the current state of residential home building and what trends are we watching over the rest of the year and into 2024? Also, what are we expecting for commercial construction? Nationwide’s Senior Economist Ben Ayers and Economist Daniel Vielhaber provide their analysis and outlook for the construction industry.
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The information in this report is provided by Nationwide Economics and is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy. Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person.