Research And Markets Research And Markets

Industry Economic And Ratings Outlook: The U.S. Building Materials Sector?s Credit Quality Remains Stable Oct 10

  • ID: 1723959
  • October 2010
  • Region: United States
  • Standard & Poors
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  • AMH Holdings LLC
  • CPG International LLC
  • Headwaters Inc.
  • IPS Corp.
  • Masco Corp.
  • Owens Corning
  • MORE

Standard & Poor's Ratings Services' base-case 2010 outlook for the U.S. building materials sector is relatively stable, based on the following fundamentals: A slow economic recovery in the U.S.; A small increase in consumer spending and higher residential construction spending, tempered somewhat by continued high unemployment; Increased, albeit low, demand for building materials and building products; and Relatively stable commodity prices that, although slightly above their lows, remain below the highs of 2008. Our ratings outlook reflects our expectation of a gradual recovery in new residential construction over the next year. We still expect housing starts for 2010 to increase only slightly above the low of approximately 550,000 in 2009. We don't expect new residential construction to return to historical...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Armstrong World Industries Inc.
- Guardian Industries Corp.
- Holcim (U.S.) Inc.
- Masco Corp.
- Owens Corning
- Stanley Black & Decker Inc.
- USG Corp.
- Standard Industries Inc.
- Contech Construction Products Inc.
- Martin Marietta Materials Inc.
- Atrium Cos. Inc.
- Texas Industries Inc.
- Builders FirstSource Inc.
- NCI Building Systems Inc.
- Interline Brands Inc.
- Valmont Industries Inc.
- Lennox International Inc.
- Headwaters Inc.
- Ply Gem Industries Inc.
- CPG International LLC
- AMH Holdings LLC
- Norcraft Holdings LP
- The Tensar Corp.
- Gibraltar Industries Inc.
- IPS Corp.
- Jacuzzi Brands Corp.
- Specialized Technology Resources Inc.
- Vulcan Materials Co.
- Goodman Global Group, Inc.
- Summit Materials Cos. I LLC
- Clopay Ames True Temper Holding Corp.
- New Enterprise Stone & Lime Co. Inc.

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Note: Product cover images may vary from those shown