Financial Guidance And PerformanceTopBuild lowered the high-end of 2024 EBITDA guidance to reflect spray foam headwinds and slower multi-family activity.
Interest Rates And Market ImpactHigher rates and expectations for future cuts are keeping homebuyers on the sidelines and driving commercial and industrial project delays.
Multi-family ConstructionMultifamily starts, which contribute to about 10% of sales, are expected to continue as a headwind due to weaker starts and a decreasing backlog.