Buoyant housing markets to boost Fletcher earnings

Buoyant housing markets to boost Fletcher earnings
Jenny Ruth
Housing markets on both sides of the Tasman are turning out to be much better than Fletcher Building feared back in August.That has analysts sharpening their forecasts for building materials companies in general and Fletcher in particular.Data out last week on both sides of the Tasman showed housing markets reaching historically buoyant levels of growth.Australian housing approvals rose for a fifth consecutive month in November and reached their highest level in more than 20 years. NZ approvals in the year ended November were their highest sinc...

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