Housing Stock #6 -
Fewer permits mean fewer home constructions in the future. That means business is drying up for building companies, contractors and consultants.
Masco (MAS) provides cabinets, plumbing equipment and other home
improvement products to builders all over North America. However, that business has all but disappeared during the housing downturn, and the company
is struggling just to break even right now.
Masco is a sell.