Depressed Housing Starts Chip Paintmaker Sales Growth

depressed housing starts and slow commercial building markets in North America and Western Europe have been chipping away at architectural paints and coatings sales growth since November 2006, says Phil Phillips, managing partner at Chemark Consulting (Southern Pines, NC). The sector is forecast to grow at less than 1.2% overall from November 2006 through June, compared to 1.9%-2.2% growth from months prior last year, Phillips says. “This makes sense due to the fact that paints, coatings, and related raw materials lag construction starts somewhat,” he...

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