🏗️🏠🇺🇸 CRH Warns U.S. Housing Recovery Delayed to 2026 Amid High Rates, Inflation
🔹 Summary:
CRH, the largest U.S. building materials supplier, says the long-awaited rebound in residential construction will likely be postponed to 2026, as persistently high mortgage rates and inflation weigh on the housing market.
CEO Jim Mintern emphasized that a meaningful recovery depends on falling U.S. mortgage rates, which remain elevated alongside broader dollar-side pressures.
🔹 Key Points:
• CRH forecasts no significant U.S. residential recovery in 2025, targeting 2026 or later.
• Elevated U.S. mortgage rates continue to suppress housing activity.
• Inflation and “higher for longer” interest rate expectations add further delays.
• The company’s annual general meeting reaffirmed cautious near-term market outlooks.
• U.S. construction sector faces headwinds despite broader infrastructure and commercial resilience.
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