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Microcap & Penny Stocks : Stateside's Canadian Microcap Board

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To: statesidereport who wrote (443)	5/18/2015 12:09:12 AM
From: ayeyou	Read Replies (1) of 1728

IBH market is residential new home based and building permits were down almost across entire US. When I spoke with LRL last week they told me that big part of their increased sales revs were coming from the industrial side of their product line. Engineered beams were also doing well but they serve dual roles in residential and commercial/industrial applications. The main reason they have set 40% GP as a target is because of the combination of facts that Industrial is their highest margin area and now has become their highest sales volume area as well. IBH is very closely tied to the new housing market and as new home building permits go so will go IBH. Small Home Starts Gain Shows Lack of U.S. Construction Vigor Housing starts rose less than forecast in March from the weakest pace in more than a year, underscoring a lack of vigor in homebuilding that held back the U.S. economy. Work began on 926,000 houses at an annualized rate, up 2 percent from February when bad winter weather prompted a 15.3 percent plunge, figures from the Commerce Department in Washington showed Thursday. Starts were less than the most pessimistic estimate in a Bloomberg survey of economists and reflected slowdowns in the West and South. The figures indicate construction did little to invigorate a first-quarter economy already slowed by weakness in manufacturing and consumer spending. At the same time, an improving labor market, still-confident households and low mortgage rates are giving builders reason to be upbeat. Housing’s contribution to growth in the first quarter “is close to zero,” said Aneta Markowska, chief U.S. economist at Societe Generale in New York. “If you look at housing more broadly, though, to me it still looks positive. The labor market has a lot to do with that.” bloomberg.com

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