Latest / Economic Insights by Nationwide
How strong is the construction industry right now?
The housing market has shown some signs of life in 2023 despite still high mortgage rates. Home construction has bounced back too, although concerns for a likely recession exist. What’s the current state of residential home building and what trends are we watching over the rest of the year and into 2024? Also, what are we expecting for commercial construction? Nationwide's Senior Economist Ben Ayers and Economist Daniel Vielhaber provide their analysis and outlook for the construction industry.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.