With the housing market flat and mortgage rates unchanging, 2024 was a challenge for the construction materials industry. Repair and home remodeling projects were steady but slow.
M&A activity was bustling, with top IW 500 companies, including UFP Industries and MASCO, active on this front in 2024, selling off non-performing or outlying business units while expanding products and geographies in key areas.
Prices of commodities remained steady overall as lumber and steel rebar fell, while materials including fiberglass and copper prices rose. On the nonresidential side, construction spending grew 6.9% year-over-year in 2024—with an uptick in manufacturing construction a key factor, according to Delacey Street Partners’ Year in Review.
Click through the slideshow to learn more about the top performers in the U.S. building products sector in 2024.
