The status quo: Starts, sales, stocks and ‘Consumer Watch’
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The latest version of the Quikrete Industry Dashboard shows a bit of cooling on the Stock Roundup – roughly of half the ticker symbols showing declines on the monthly axis.
BLDR, however, after news of a billion-dollar stock buyback plan, jumped way ahead, and is running up more than 20% compared to its position a month ago.
Elsewhere on the Quikrete Industry Dashboard, gas prices, as reported by the American Automobile Association, held pretty steady, ending Aug. 12 at an average price of $3.19 for a gallon of regular.
Next week will be a busy period of industry stats. The release of Monthly Retail Sales on Aug. 17, and residential construction on Aug. 18 will be closely watched, as will the Home Depot and Lowe’s quarterly earnings reports, scheduled for Aug. 17 and 18, respectively.