Owens Corning Inspires Home Construction Rally

By StocksFOXBusiness

Shares of Owens Corning (NYSE:OC) surged nearly 13% on Wednesday, their biggest gain since April 2009 at the start of the bull market.

The construction supply company blew the doors off earnings and revenue estimates on home-builder demand for roofing and insulation products. It was a similar story for coatings and paint-maker Valspar (NYSE:VAL), which also beat on top and bottom-line forecasts this earnings season.

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The solid results are lifting shares of other companies that are leveraged to a recovering U.S. housing market:

Home Construction Stocks Rally

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