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The hidden winner of the housing slowdown
The Street
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3 months ago
As housing starts decline, Amrize is capitalizing on a booming business.
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Sports
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00:00
I'm curious how much of your business on the residential side will really be
00:04
dependent on a turnaround in housing because we've seen housing starts are
00:09
declining we know builder sentiment has been pretty dour not just because of
00:15
interest rates but also because of economic uncertainty how are you seeing
00:19
that play out now we have worked very hard in recent years to complete our
00:24
profile to do more repair and refurbishment and last year we did 46% of
00:29
our business was not new construction but repair and refurbishment and this is
00:34
very important because the residential market is actually very attractive at
00:38
this point for repair and refurbishment we do a lot of re-roofing nationwide and we
00:45
do the same for the commercial buildings we saw the data how much aging stock you
00:49
have for commercial and for residential and this is this fantastic business the
00:55
u.s. also faces a pretty severe housing shortage so what role can amrise play
01:01
in closing that gap if you will well we are ready for the builder I think we
01:06
offer the best quality systems which is very important because you want to
01:10
build fast but you want to build reliable with no claims so I think in a
01:15
situation where where time is of essence we are also resources labor is of
01:20
essence we are a preferred partner and this is how we position ourselves
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