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Recent Articles

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Fitch affirms Standard Building Solutions' long-term issuer default rating at BB with outlook stable, forecasts weaker demand environment in 2023 as new residential and R&R activity are projected to drop in US and Europe amid uncertain economic backdrop

US owner-occupied housing stock aging rapidly as residential construction falls behind the number of new homes built; aging housing stock signals growing remodeling market due to need of new amenities or repairs: NAHB

US multifamily starts are expected to fall in 2023 following a high level of production in 2022, with multifamily construction up 15% year-over-year; the remodeling sector is predicted to outperform the single-family and multifamily markets in 2023: NAHB

Morningstar rates Fortune Brands at US$78 fair value estimate, up 25.8% from recent trading price, noting improved financial performance over past decade has been due to operating strategy, which includes strengthening new home construction, R&R spending

Walmart expands remodeling efforts to new stores after successful trial at Springdale, Arkansas, location; Springdale store saw 31.2% more visits than the average Walmart, 66.6% more visits than the average Target in Q4 following remodel, per CNBC

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