Weak Housing Market

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Boral estimates total home starts will fall to 136,000 in the year to June 30, well below the 165,000 that was considered normal.

James Hardies shares dropped 4% yesterday also due to poor figures from US and Australian housing numbers.

Heavy rain in NSW & QLD is also delaying planned construction adding to the pressure on most building material stocks.

February 29th, 2012|