(MT Newswires) -- Mark Rayfield, CEO of Saint-Gobain North America, points to the resilience of the US housing sector. He notes that rising interest rates and mortgage rates have led to fewer sales of existing homes, which has spurred growth among new home builders.

Rayfield predicts an increase in housing market activity if interest rates and mortgage rates fall, particularly below the 6% threshold. He suggests that lower mortgage rates would encourage people back into the housing market and stimulate the refurbishment and modernisation of existing homes.

He acknowledges that affordability remains a key issue and says that building affordable housing is not just about building materials or builders, but also about land availability and regulation.

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