Beckmann said core organic sales fell due to a 15% decline in single-family, a 20% decline in multifamily, and a 7% decline in repair and remodel as consumer uncertainty persisted. He reiterated several factors that reconcile single-family starts to the company’s sales performance, including an approximate three-month lag from start to first sale, lower value per start as home size and complexity have decreased, and pressure across the supply chain tied to affordability constraints. Based on these dynamics, ...