Doman Building Materials Group Ltd T.DBM

Alternate Symbol(s): CWXZF

Industrials Industrial Distribution

Doman Building Materials Group Ltd. is an integrated national distributor in the building materials and related products sector. The Company operates various distinct divisions with multiple treating plants, planing and specialty facilities and distribution centers coast-to-coast in various cities across Canada and select locations across the United States. The Company operates 21 treating plants, two specialty planing mills and five specialty sawmills located in nine states, distributing, producing and treating lumber, fencing and building materials servicing the central United States; it serves the United States west coast with multiple locations in California and Oregon; and in the state of Hawaii the Honsador Building Products Group services 15 locations across all the islands. The Company’s Canadian operations also include ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through its Doman Timber operations.

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Doman Building Materials Group Ltd > Housing Starts Jump 16% in July

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Comment by TheBridgeon Aug 16, 2024 7:05pm

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Post# 36183657

RE: Housing Starts Jump 16% in July

Donwaan wrote: Canadian housing starts rose sharply in July, exceeding market expectations and climbing to their highest levels in over a year, driven by the construction of multi-unit dwellings like condominiums. https://www.marketwatch.com/story/canada-housing-starts-jump-16-in-july-to-279-509-update-193d3d73?mod=home-page

And expect the same to start happening in the USA after the September interest rate cut. Should turn out to be a decent share price by year end.

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