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Building Supplier Foresees Housing Recovery
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Overview
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Builders FirstSource, the largest supplier of residential building products, anticipates a housing market recovery with increased lumber and truss sales. While early cycle products like lumber showed solid growth, multifamily business growth is expected to decline in 2024 due to industry challenges.
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How does the performance of early cycle products compared to later cycle products reflect broader trends in the housing market?
How might the anticipated decline in multifamily business impact Builders FirstSource's overall revenue and market position?
What strategies could Builders FirstSource implement to mitigate the challenges facing the industry in 2024?
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