The U.S. housing market entered the new decade riding strong demographic and macroeconomic tailwinds despite the underlying challenges of historically low housing inventory and market uncertainty related to the eleven-year recovery. Historically low unemployment, steady wage and job growth and falling interest rates set the housing market on a path for a robust spring 2020 season. Rising median income levels that surpassed the peaks achieved in 1999 and 2007 triggered a material increase in building activity and homeownership levels, further bolstering a constructive outlook.
2020 Building Products Report Spotlight Report
