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Infrastructure Spending to Offset ‘Tough’ Housing Market for Building Materials Sector

By Dale Oviatt posted 02-15-2023 11:39 AM

  

Moody’s Investors Service projects a 15% decline in new construction spending and an 8% decline in repair and remodel activity in 2023

Infrastructure Spending to Offset ‘Tough’ Housing Market for Building Materials Sector
Builder Magazine
The building materials sector is projected to “outperform” over the next 12 to 18 months in the United States, according to a report by Moody’s Investors Service. Robust public infrastructure spending and continued momentum in commercial spending are expected to offset the tough domestic housing market, according to Moody’s.

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