Markets: Builders running out of puff

Building materials companies have had a strong run this year but it might be time to take profits given a lacklustre outlook.

Tailwinds pushing domestic housing construction stocks higher over the past year could be on the verge of turning into headwinds.

Interest in dwellings requiring construction is central to how the construction sector will perform. Despite total loan commitments rising to a seasonally adjusted 1.1 per cent in July, new construction wasn’t a contributor.


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