Standard & Poor’s Ratings Services’ base-case outlook for credit quality in the U.S. homebuilding sector is generally stable through the balance of 2011 despite a disappointing spring selling season. Our cautiously stable outlook for 2012 could tilt in a negative direction if our baseline forecast for a modest housing recovery again fails to materialize and [...]
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U.S. Construction Industry Outlook Weak On Challenging Operating Conditions
In this CreditMatters TV segment, I describe the influence the challenging economic conditions will have on the overall U.S. construction industry, as well as the U.S. building products and materials sector. Standard & Poor’s baseline assumption is that 2012 construction will roughly mirror 2011 activity with downside risks that include a 40% probability of a [...]