2023 market outlook: Market fundamentals to remain stable, non-discretionary repair, restoration & re-roofing represents significant portion of demand. Single-family new construction activity expected to be subdued in H1’23. While the recent ABI reading is slightly below 50, booking activity remains healthy & backlog provides continued support.
Published first on TheFly
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Read More on BECN:
- Beacon initiated with a Hold at Zelman
- Beacon adds locations to support more Texas contractors
- Beacon price target raised to $81 from $79 at Deutsche Bank
- Deutsche shuffles ratings in repair and remodel sector, upgrades Pool
- Beacon acquires First Coastal Exteriors with locations in Alabama, Mississippi
