Homebuilders and Building Products: 2026 Housing Symposium: What did we learn?

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Homebuilders and Building Products: 2026 Housing Symposium: What did we learn?

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Homebuilders and Building Products

2026 Housing Symposium: What did we

learn?

Industry Overview

Housing Symposium addressed key cross-currents in 2026 04 June 2026

On June 1st and 2nd we hosted our 5th annual Housing Symposium. Discussions Equity

spanned new home demand, repair & remodel, mortgage finance, migration, real-time United States

Homebuilders and Building Productsdata, M&A, and policy. The key message was a market constrained by affordability and

confidence, but largely in line with lower expectations given the macro backdrop. Equity Research

State of US housing market & remodel outlook w/ Zonda RafeResearchJadrosichAnalyst

Zonda described demand as choppy, with spring selling dependent on incentives and BofAS+1 646 855 5815

margin trade-offs. New home sales are roughly flat YoY, with Midwest and Carolinas rafe.jadrosich@bofa.com

stronger and the West and Sunbelt softer (Texas weak, Florida improving). Demand George L. Staphos

Research Analyst

remains K-shaped, with resilience at higher price points. Remodel activity is weak near BofAS

term but expected to improve into late 2026 as HELOC-funded demand builds. +1 646 855 4495

george.l.staphos@bofa.com

Demographics & migration: affordability shaping demand Christopher Nardone

The consumer is bifurcated, with higher-income households stronger while lower-income BofAS

cohorts face pressure. Mobility has slowed, but younger households continue to drive +1 646 743 2016

christopher.nardone@bofa.com

migration toward more affordable Midwest markets while Sunbelt migration has slowed.

Shaun Calnan, CFA

Mortgage rates & policy: limited near-term change ResearchBofAS Analyst