Southern Housing Starts Merely a Speedbump in Recovering Residential Construction Activity
Although housing starts fell 5.8% sequentially to a disappointing rate of 1.14 million units, we believe this will be temporary as the housing market continues to heat up. Weakness in the South was the largest drag, falling by 56,000 units sequentially. We attribute this, in part, to a sustained period of poor weather that resulted in 20 Louisiana parishes being declared federal disaster areas, with the surrounding areas pounded by heavy rainfall. Supporting our argument that this weakness is tr...Louisiana-Pacific is a provider of building solutions serving the new home construction, repair and remodeling and outdoor structures markets. The company has four segments: siding, which includes LP SmartSide? Strand and Fiber trim and siding, as well as LP Outdoor Building Solutions? products for outdoor buildings; oriented strand board (OSB), which manufactures and distributes OSB structural panel products; engineered wood products, which include LP SolidStart? I-Joist, Laminated Veneer Lumber, and other related products; and South America, which manufactures and distributes OSB structural panel and siding products in South America and certain export markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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