Investors are hoping that next week's Federal Reserve meeting offers more clarity about the path interest rates could take.
Rising interest rates squeeze consumers, while a cut to follow should help boost economic activity.
These pricey purchases are often financed, and higher rates mean higher costs.
"Even if the sticker price of the thing doesn't change, the interest rate still matters a lot for their monthly budget."
The "brakes were hit very hard in 2022," largely due to higher rates on the new-home construction side, he said.
Persons:
Christopher Herrington, Herrington, Kurt Yinger, It's, James Hardie, Yinger, There's, Rafe Jadrosich, Jadrosich, Seth Sigman, Bank of America's Curtis Nagle, Nagle, Loop's Anthony Chukumba, Garik Shmois, Shmois, Leslie's, Julien Dumoulin, Smith, SunRun, Corinne Blanchard, Citi's Pierre Lau, SolarEdge, Lau, John Bailer, Michael Bloom
Organizations:
Virginia Commonwealth University, Davidson, Companies, Bank of America, Fortune Brands, UFP Industries, Barclays, Bank of America's, Williams, Pool Corp, of America, FTC, Deutsche Bank, Shoals Technologies, Caterpillar, Cummins, Newton Investment Management
Locations:
Louisiana, Wall, Sonoma, California