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U.S. residential construction recovery delayed due to interest rates and inflation, says CRH CEO

Published 08/05/2025, 12:54
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Investing.com -- The recovery of the U.S. residential construction market, currently in a subdued state, is likely to take longer than expected due to persistent high interest rates and inflation, according to Jim Mintern, the head of CRH (NYSE:CRH), the largest building materials producer in the United States. Mintern made these comments on Thursday, following the company’s annual general meeting.

Mintern further elaborated that a drop in U.S. mortgage interest rates would be necessary to stimulate activity in the market. He indicated that the company had not anticipated a recovery for the market in 2025, instead foreseeing improvement by 2026. However, with inflation and interest rates potentially remaining high for an extended period, it is likely that this recovery could be further delayed.

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