2024-10-27-KROLL-美国和加拿大建筑产品和材料-2024年秋季（英）_18页_844kb

报告摘要

M&A transactions in the U.S. and Canada increased from 124 in 2023 to 143 in the third trailing month (TTM) of 2024.
Of these, 91% were led by strategics or sponsor-backed strategics.
Interest rates declined: the 30-year fixed mortgage rate dropped to 6.54% in August 2024 from a peak.
The U.S. housing market shows mixed trends, with single-family home sales sluggish due to anticipation of rate cuts, while multi-family housing faces cost challenges.

Mortgage Rates and Economic Indicators: The 30-year fixed rate fell to 6.47% in August, following a 6.54% average; consumers confidence index (CCI) showed slight increases but stability amid rate uncertainty.
Housing Starts: Single-family housing starts rose by 5.4% YoY, while multi-family starts decreased by 23.6% YoY due to high material costs and financing requirements.
Sales and Prices: New home sales are expected to grow by 1.5% YoY, with median new single-family prices stabilizing but remaining high. Existing home prices are projected to increase by 3.6% YoY over the past decade, reflecting low inventory and reluctance of sellers to move due to high rates.
Remodeling Activity: LIRA shows a 6.3% decrease in Q2 2024, expected to continue due to high home prices and borrowing costs.

Nonresidential construction spending reached $1.2 trillion in May 2024, up 11.7% YoY, driven by government initiatives like Infrastructure Investment Act; growth stabilized after a surge.

Housing starts decreased by 15.7% YoY in June 2024, particularly in multi-unit sectors, due to elevated material costs and high interest rates.
Authorized building permits declined by 16.8% YoY; home prices fell 3.5% YoY in June, with regional variations, though slight monthly growth occurred.

Kroll advised on the sale of Fleetwood Aluminum Products to Masonite, highlighting its expertise in M&A, capital raising, and risk advisory services.
Additional examples include multiple acquisitions and recapitalizations in the industry, emphasizing Kroll's role in deal-making.
Contact details for Kroll advisors are provided for further inquiries.

The U.S. and Canadian markets exhibit slowing growth in housing and construction sectors, influenced by rising interest rates and economic factors.
M&A activity remains robust, with strategics dominating transactions.
Long-term price increases persist, but anticipated rate cuts may provide some relief starting later in 2024.

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