| From Smh.com.au: Having endured the worst of the housing downturn in the US, building materials supplier James Hardie fears this year could be worse as building starts stall at near 50-year lows.
In its first quarterly profit result since moving headquarters to Dublin, chief executive Louis Gries said sales volumes - and profit - were almost certainly going to be lower than last financial year because the recovery in the US housing market remained ''disappointing and fragile'' after the expiry of tax incentives in April..............................................Full Article: Source |