The Paradox of the Current Housing Market
The U.S. housing market is a study in contradictions. On one hand, elevated mortgage rates and soaring construction costs are putting a damper on new builds. On the other hand, a chronic undersupply of housing, estimated to be a gap of around 2 million homes, continues to prop up demand. This complex environment presents a significant challenge for investors looking for opportunities in the building materials sector. This article explores how Boise Cascade's (BCC) unique business model may allow it to thrive despite these challenges.
