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Ongoing Supply-Chain Issues to Constrain US Building Product Sales
Supply chain challenges in the US building products and materials sector are taking longer than expected to normalize, limiting companies’ ability to fully benefit from strong end-market demand and grow sales, says Fitch Ratings. The disruption is causing production delays, which have been exacerbated by ongoing port congestion, pressuring sales volumes and leading to higher raw materials and transportation costs. We expect demand for building materials will continue to be supported by strength in new home construction and residential remodeling combined with improvements in government infrastructure and commercial ... (full story)