德安华（Kroll）：2026年春季美国与加拿大建材行业洞察报告（英文版）（19页）.pdf

1、Spring 2026INDUSTRY INSIGHTSLearn MoreU.S.and Canada Building Products&Materials 2Executive SummaryExecutive SummaryExecutive SummaryExecutive SummaryExecutive SummaryExecutive SummaryExecutive SummaryExecutive SummaryExecutive SummaryExecutive SummaryM&A transactions closed in the U.S.and Canadian

2、building products and construction materials industry in 2025,a 5%decrease from 2024158Percentage of M&A transactions completed by strategics or sponsor-backed strategics in 202586%Average 30-year fixed mortgage rate in December 2025,down steadily from the highest average rate in the past decade(7.6

3、2%in October 2023)6.19%U.S.nonresidential construction spending in August 2025,a 1.2%increase over the prior year$1.24 trillionU.S.Market UpdateU.S.Housing IndicatorsHigh interest rates and constrained housing supply continued to shape the U.S.housing market in 2025,although conditions showed modest

4、 improvement toward year-end.Despite a gradual decline over the past 18 months,the average 30-year fixed-rate mortgage remained elevated at 6.19%in December 2025.Reflecting the persistence of this high-interest-rate environment,the number of single-family housing starts declined 7.8%YoY as of Octobe

5、r 2025.Home prices nationwide remained near record highs in 2025,supported by structurally limited housing supply and sustained homeowner reluctance to sell due to mortgage rate lock-in effects.As a result,more homeowners opted to renovate or remodel their existing properties rather than purchase ne

6、w homes.Additionally,the Leading Indicator of Remodeling Activity(LIRA*)returned to positive growth in 2025 after several quarters of decline,reflecting renewed optimism in remodeling activity largely driven by elevated home prices.Housing affordability remained a prominent concern throughout the ye