Mortgage rates have slowly fallen for the second week in a row, with the 30-year fixed mortgage rate just above 7%. With the potential for mortgage rates to come down further, the housing market may see a bit of a turnaround for homebuyers.On the fundamentals of homebuilding in North America, especially after COVID-19, Rayfield states:"It's still a very robust market.
So, so for the vast majority of building materials, if you look at exterior products and roofing and siding and gypsum and insulation, the market is there thereabouts at capacity not sold out like it was in in uh COVID, but depending where you are regionally, there could be some supply challenges, not not long, but so that is another reason I say the market remains quite robust at the at these housing levels.
So in, in, in commercial, you have a softer market, particularly when you're looking at the the office space in the major cities, there's some remodeling of those into, into, into, into housing units. So we're always looking for, for talent in the business and the labor market and and attracting labor has gotten better again off of the really challenging times of COVID.You need to have the right work environment.What we're seeing is the labor force coming in doesn't just want a job.We, we are decarbonizing the construction market trying to make the world a better home if you will through construction and light sustainable construction.
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