Building materials industry

Article Abstract:

Residential remodeling and new-home construction have created a high level of demand for the products of the building materials industry, which has resulted in pricing strength for the industry. Activity in the housing market is expected to decline, but this should be offset by new activity in the non-residential sector. The long-term fundamentals for these stocks remain good, but caution is advised for investors in mid-1999 due to rising interest rates.

Statistical Data Included, American Woodmark Corp., AMWD

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Building materials industry

Article Abstract:

Earnings growth is expected for the building materials industry in 1999 with the trends of consolidation, demographics, and the need for materials to renovate and remodel, although a slowing economy could affect new housing construction. There are the significant risk factors, however, of lower consumer confidence and higher interest rates in 1999. Investors need to concentrate on the most time stocks in this industry.

Finance

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Building materials industry

Article Abstract:

The building materials industry offers solid long-term prospects for investors, but some companies are experiencing lumber and insulation shortages. Although housing starts declined 4.8% in 1997 compared to the previous year, commercial building is expected to increase. Home centers and lumberyards will probably gain revenues from sales to homeowners who are remodeling or making repairs.

Perini Corp., PRC, Zurn Industries Inc., ZRN

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