Building sector overdone?

Future outperformance in the building sector cannot be guaranteed without clearer signs of a non-mining construction boom.

Despite what has been solid share price performance over the last twelve months, there doesn’t appear to be much in the way of good macro news for our building materials stocks - such as Adelaide Brighton(ABC), Boral (BLD), Fletcher Building (FBU), James Hardie (JHX) and Brickworks (BKW).  The end of the mining boom already declared and the absence of any meaningful rebound in construction investment elsewhere, may even suggest that the sector has been overbought.
Graph for Building sector overdone?

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