Wall Street Journal: Windows Reveal the True Housing Market
February 10th, 2012 by
At the International Builders Show, company president Susan Marvin sat with Robbie Whelan of the Wall Street Journal to discuss the outlook for the housing industry and for Marvin Windows and Doors.
Though there are signs of a revival in housing, Marvin still maintains a cautious outlook. In an interview withWSJ reporter Robbie Whelan, Susan Marvin pointed out that the housing business still has a long way to get back to pre-recession levels.
Still, despite the boost in renovation work, and some signs of uptick from the dealer and distributor communities, Marvin is predicting little to no growth in revenues for 2012. Best case scenario, Ms. Marvin says, the company’s orders will rise 5%, but even that is unlikely.
“We’re not talking about a housing recovery,” she says. “We’re talking about a small pickup.”
Read the full article at wsj.com.