3 Stocks to Benefit from the Coming Non-Residential Construction Boom
All year long, the monthly Architecture Billing Index, or ABI, has suggested that the non-residential construction market would boom in the next year. So far, the actual gains haven't showed up -- but that may only be a matter of time. Whether difficulty in obtaining project financing is slowing down the actual construction, or a lack of confidence in the U.S. government is giving potential builders pause, the ABI work will eventually occur.
The companies that will benefit from a boom in non-residential construction will naturally be construction equipment manufacturers and equipment rental firms. Based on recently released results, United Rentals (NYSE: URI ) is already seeing a boom as construction firms look to rent more in a shaky business environment.
Read the full article here.
Disclosure: No positions mentioned. Please review the disclaimer page for more details.