PVC Piping Prices Are Dropping as Housing Market Weakens | Barron's

2022-10-19 20:33:26 By : Ms. Jenny Chen

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https://www.barrons.com/articles/housing-market-pvc-pipe-prices-51664912351 Pool Accessories

       PVC Piping Prices Are Dropping as Housing Market Weakens | Barron's

As rising interest rates interest rates pummel the housing market, the ripple effects are spreading far and wide. The price of lumber, for instance, is down some 60% this year as home builders retreat. Some less visible components of houses are also taking big hits.

Consider PVC piping, a simple but versatile piece of equipment that is used for plumbing and other home projects. The average spot price of PVC fell 46% from the second quarter to the third quarter, according to the energy research firm and investment bank Tudor, Pickering Holt & Co., cutting deeply into the profitability of companies that sell it.

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As rising interest rates interest rates pummel the housing market, the ripple effects are spreading far and wide.

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       PVC Piping Prices Are Dropping as Housing Market Weakens | Barron's

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