BDO Capital Q2 2023 Building Products & Materials M&A Market Update

This issue of the Building Products & Materials (BP&M) newsletter describes the current state of the BP&M market and how high interest rates, high home prices, and investor concern around a potential recession in the U.S. have driven an unremarkable first quarter of M&A activity for the BP&M industry.  Would-be homeowners are delaying home purchases due to higher mortgage rates, leading to renovation and maintenance work taking priority for personal spending. Investors have rewarded assets with exposure to the repair & renovation market while expressing skepticism and increasing due diligence for companies focused on new residential construction.