Building materials industry

Article Abstract:

Housing starts for May 1996 were above same-period totals in 1994 and 1995, and will increase through 1996, although they were down on a monthly basis. Spending for remodeling and repair has increased 5% in 1996 over 1995, and is expected to increase 5% to 7% annually through 2001. In addition to property resales, remodeling and repair will provide demand for building materials. Several stocks have potential for 1999-2001, although the industry has average timeliness.

Ameron International Corp.

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Building materials industry

Article Abstract:

Several companies in the business materials industry are restructuring to refocus their core operations. Ply-Gem Industries Inc, Masco Corp, and Armstrong World Industries Inc have all divested nonessential businesses. Home construction will be somewhat higher in 1996 than in 1995, and, with repair expenditures, allow the industry to mirror the market. Individual stocks in this industry have good investment potential.

Morrison Knudsen Corp., MRN, Manville Corp.

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Building materials industry

Article Abstract:

Housing starts are not expected to be as strong in 1996 as they were in 1994 but repair and remodeling contracts are expected to increase in 1996 compared with 1995. Mortgage rates have increased and unsold homes are expected to remain at a high amount especially in the northeastern US. Building material company stocks are expected to remain average throughout 1996.

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