Analytical Reports on Owens Corning and USG Corp. - General Building Materials Still Struggling
November 09 2011 - 8:05AM
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The General Building Materials industry continues to struggle
through 2011, despite September increases in construction spending
in the US. Increases in spending were slight and Government
construction spending contracted. This has had a negative effect on
the industry and companies like USG Corp. www.SignalWatcher.com
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Owens Corning, USG Corp. and other companies within the General
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Depressed home sales have been a detriment to the industry;
however, there are more issues at work. Tighter credit from lenders
has made it harder for borrowers to get access to funds, and higher
unemployment has also been a factor. Lower demand has translated
into losses for many in the industry, including USG, which posted
an increased net loss for the third quarter in year over year
comparisons.
Many companies are trying to stop the bleeding by streamlining
operations and diversifying. One company that has managed to have
some success in their most recently quarter is Owens Corning. The
company reported increased net earnings for the third quarter on
the back of strong execution. www.SignalWatcher.com gives traders a
unique insight about Owens Corning by
registering now at
http://signalwatcher.com/OC/November092011.php.
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