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Maio: Interest rates, housing permits provide reason for hope

By |  August 12, 2020
Photo: Alan Maio

Maio

The aggregate industry has always been a bellwether for the U.S. economy, and housing starts have always been an indicator of growth for the aggregate industry. 

What gives me optimism about the second half of 2020 is the fact that interest rates are expected to stay historically low, housing permits are rising and loan applications to purchase a home rose to an 11-year high in May. Also in May, housing permits rose after consecutive months of double-digit decline. This suggests that the housing market is improving, and that is good news for aggregate producers.

Alan Maio is an executive vice president at Proudfoot, a global management consulting firm working with leaders and their teams at all levels to design, implement and accelerate change.

Editor’s note: As part of our Road to Recovery coverage, P&Q is turning to some of the industry’s leaders for their takes on the road ahead. Leaders such as Maio were posed with the following question: As you look to the remainder of 2020, what factors give you reason for optimism about the aggregate industry?


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