Given this scenario, stocks like Eagle Materials Inc. EXP, Dycom Industries, Inc. DY, United Rentals, Inc. URI and CRH plc CRH are likely to benefit in the near term. However, inflation is easing as recent data shows that the personal consumption expenditures (PCE) index rose a modest 0.1% month over month in November and 4.7% on a year-over-year basis, after rising 5% in October. A slower interest rate hike is expected to boost spending on construction activity, with the homebuilding industry benefiting the most.