Following the Federal Reserve’s recent signaling of a single 2024 interest rate cut, Portland Cement Association (PCA) Chief Economist Ed Sullivan sees a return this year of two forces – one exposed to, the other mostly shielded from borrowing costs – that shaped 2023 private and public construction activity. High interest rates drove down residential and commercial building volume last…
Read MorePCA’s Sullivan Projects Repeat of 2023 Construction Market Force Duel
