Interest Rate ImpactElevated rates continue to subdue the residential and nonresidential demand backdrop, as buyers remain constrained by affordability pressures, and tight lending conditions continue to pressure commercial construction activity.
Potential Legislative RiskThere is risk that the next transportation spending bill does not get smoothly reauthorized once IIJA expires.
Pricing ChallengesPricing in cement a bit sluggish – flat, and the price/cost spread in cement is negative.