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Somero News

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WHAT THE ANALYSTS SAY

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Somero Enterprises is the world leader in a niche market, namely precision concrete placing and levelling equipment. As such it achieves very high margins and is highly cash generative. With the US recovery in full flight, the market has become increasingly interested in and excited about the medium to long term growth story in Asian markets, making the Somero investment proposition so much more than a simple cyclical play. In this note we examine the company's strategic growth plan.

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INDUSTRY MARKET UPDATE


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PCA Forecasts Optimism, Positive Gains in U.S. Residential Housing for 2015

Market could see 20 percent increase during the next year

LAS VEGAS, Nevada — Residential housing starts will be on the increase in 2015 according to the Portland Cement Association (PCA).

During the 2015 International Builders' Show, PCA Chief Economist and Group Vice-President Edward J. Sullivan announced that housing starts will increase 20 percent to 1.2 million units in 2015. This is up from roughly 950,000 units in 2014, and strong gains are also expected for 2016.

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The Construction Backlog Indicator (CBI) is a forward-looking national economic indicator that reflects the amount of work that will be performed by commercial and industrial contractors in the months ahead. This new, national economic data set is the only reliable leading economic indicator offering this level of specificity focused on the U.S. commercial and institutional, industrial, and infrastructure construction industries.