SOURCE: Wall Street Equity Research

Wall Street Equity Research

December 13, 2010 08:55 ET

Professional Research on Owens Corning and USG Corp. -- Building Materials Sector Weak on Low Building Levels

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 13, 2010) - allows shareholders to gain full understanding of the economic and market forces influencing the general building materials industry, and offers free research on industry players Owens Corning (NYSE: OC) and USG Corp. (NYSE: USG). Register today at to receive free research reports on these companies.

Already hurting as the 2009 economic stimulus begins to run out, the Building Materials sector will see further weakness if the government fails to extend the transportation funding set to expire on December 31st. Cement and asphalt makers are highly dependent on government highway projects and without an extension state government will be unlikely to initiate new long-term projects. This would work to hurt demand, increase competition, and ultimately increase already mounting pressure on prices. is a specialized website where investors can have complete access to free reports on general building materials industry; traders looking for analyst opinions on Owens Corning, USG Corp. and other players in the industry are welcomed to sign up for a free one year membership at

Elsewhere, weak non-residential building activity and high steel prices have negatively impacted results along with negative pricing pressure from a highly competitive market. Residential building markets are also depressed as government incentives expire and a large supply of cheap houses flood the market. Visit us at to understand the catalysts and forces driving or affecting general building materials stocks.

In response to these struggles, some companies like Owens Corning are working to orient their businesses toward repair and remodels. With energy savings more apparent, insulation companies should be well positioned to take advantage of consumers working to increase the temperature efficiency in their houses. Shareholders and investors can sign up today at to download the full report on Owens Corning.

Looking at financial results delivered by some players of this industry in the third quarter 2010, Owens Corning saw its earnings tumbled to $58 million impacted by feeble demand for housing materials. Revenue came at $1.19 billion that is a decline of 12% year-over-year. On the other hand, USG Corp. did not do any better as it saw loss for the quarter widened to $100 million on falling shipping volumes and weak market conditions. Shareholders and investors can sign up today at to download the full report on USG Corp.

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