Q2 2023 INSIGHTS ON INDUSTRY PRICING, LEAD TIMES + MARKET STATUS
DAVIS is pleased to share with our valued clients this report that explores the landscape of the Mid-Atlantic market and highlights the pricing trends, supply chain issues, and other developments that have shaped the industry during the second quarter of 2023.
Key takeaways looking back on the second quarter of 2023:
- 12 of the 18 members of the rate-setting committees project at least two more interest hikes by the end of the year
- 65% of trade partners saw no increase in lead times over the past three months
- Construction pricing has decreased -2 to -4%