Stifel Shares Outlook on Residential and Commercial Markets

St. Louis, MO, April 27, 2016—Stifel has released its current outlook for the flooring industry.

Of the residential market, the analyst says, “Residential demand we believe has continued to be fairly similar to previous months and we point out the strong forecasts for single family housing starts this year, which has been the primary growth driver for the flooring industry recently. Weather could provide a tailwind in some markets where winters are more severe.”

And of the commercial side of the business, “We get the sense commercial sales have slowed in Q1. The Architectural Billings Index has been weak for nine months or slow, and that data matches comments we heard from our industry contacts.”