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Slow Building and Pent-up Demand Could Ignite Market

By June 4, 2020Housing Starts

New housing could lead to economic recovery says HBSDealer. Despite the Q1 trend and results seeing 10% fewer homebuyers in the country, as we enter the 3rd trimester of Q2, the outlook is more positive.

“According to Robert Dietz, chief economist of the National Association of Home Builders, the housing sector entered this recession underbuilt. Built-up demand and low interest rates positions housing toward a path of quick recovery compared to other sectors of the economy.”

How this impacts materials suppliers and distribution is starting to take shape. The second half of the year, notwithstanding any spikes in COVID-19 related sheltering or other economic forces hindering getting back to business, is forecasted to grow before the winter months.

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