Another key opportunity for Georgia Gulf lies in the U.S. housing market. New starts and renovation spending have been at an unsustainably low levels for several years. We appear to be in the early stages of a recovery that should generate increased demand and margins across all 3 of our segments on a domestic basis. As this local pickup in consumption develops, we expect to begin to benefit much earlier in the next housing recovery than any prior recovery. The opportunity for this change is strongly supported by operating rates that are already in the mid- to high-80s for vinyl due to the export levels currently in place.Also, there have been many companies in the building products space that have either exited the business or have had to shut down due to the financial stress caused by the downturn. This clearly should present new opportunities for the remaining players.
Georgia Gulf's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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