Quikrete Industry Dashboard
February housing starts trend upward. All eyes on March.
The latest edition of the Quikrete Industry Dashboard shows strength in the housing sales and construction sectors. In fact, existing home sales and single-family home sales produced the highest rates since 2007.
But the impact of the coronavirus outbreak and social distancing have yet to impact these numbers. Residential construction data for March is set to be released April 16. The industry will be watching closely, and perhaps anxiously.
Meanwhile, the stock market is another story. Weighed down by a global pandemic, the Dow Jones Industrial Average is down 31.6% for the month, and down 22.6% for the year. The lone positive number on the HBSDealer Stock Roundup belongs to SHW, the paint giant is still up 3.6% for the year, based on March 19 prices.
The damage on the Stock Round up overshadows a dramatic movement on the gas price meter. The average price for a gallon of regular fell more than 11% in a month.
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