Construction: What if There's a Recession?

S&P Global has released its North American Corporate Credit Mid-year Outlook for homebuilders and developers, saying that the construction industry's positive outlook has dimmed somewhat. 

With home prices and mortgage rates increasing, along with continued supply chain issues, S&P Global expects demand to slightly soften in the residential market. 

If the economy heads into a recession, construction should fare the storm well because there is an overall need for additional housing throughout the country, the report said. The industry has also developed a widening credit buffer, helping it to weather a possible recession.

Read the report here.