As we head into 2024, the demand for PVC across various industries, including housing, is expected to begin the year on a stable note, a consensus among many experts suggests.With interest rates reaching their highest in a decade, new housing starts are maintaining relatively modest levels. However, a swift growth in demand is anticipated once the Federal Reserve opts to lower interest rates, potentially in the latter half of 2024.
This expected decrease in interest rates, coupled with the anticipated influx of funds from pending legislative and infrastructure bills, is likely to serve as a catalyst for growth in industries that have been contending with some of the most rapid rate hikes in recent history.
