Interest Rates And ConstructionElevated interest rates continue to limit new construction as affordability remains a top concern for homebuyers and lending rates remain a high hurdle for developers.
Multifamily StartsMultifamily starts, which contribute to about 10% of sales, are expected to continue as a headwind due to weaker starts and a decreasing backlog.
Sales HeadwindsBLD is expecting sales headwinds each quarter, most pronounced in the first quarter, driven by tough weather conditions and one less shipping day.