Tuesday, April 17, 2007

Dom, Polish Homebuilder Stocks May Fall Amid Surge in Brick, Cement Prices

(Bloomberg) -- Homebuilder shares are up more than any other industry in Poland's stock market the past year. Also on the upswing: costs for bricks and carpenters.

Industry profits will be hurt by rising costs for materials and wages, said Tomasz Adamus of Credit Suisse Asset Management Polska SA. Prices of the most popular type of brick tripled in the past 12 months, and labor costs are climbing as emigration shrinks the workforce.


Read more at Bloomberg Stocks News

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