USG Corp.

• Public
• US

Dow Jones Description

USG, through its subsidiaries, is a leading manufacturer and distributor of building materials, producing a wide range of products for use in new residential, new nonresidential, and repair and remodel construction as well as products used in certain industrial processes. Our businesses are cyclical in nature and sensitive to changes in general economic conditions, including, in particular, conditions in the housing and construction-based markets. The housing market, a major source of demand for our businesses, continued to be very weak in 2008, and is expected to remain very weak throughout 2009. That weakness could extend into 2010, especially if the inventory of unsold homes remains at a historically high level and tight mortgage lending policies continue. The current economic recession is expected to contribute to further declines in residential repair and remodeling expenditures and non-residential construction activity in 2009. Based on preliminary data issued by the U.S. Bureau of the Census, the rate of new home construction in the United States declined by approximately 33% in 2008 compared with 2007. This followed a 25% decrease in 2007 compared with 2006. The repair and remodel market, which includes renovation of both residential and nonresidential buildings, currently accounts for the largest portion of our sales, ahead of new housing construction. Many buyers begin to remodel an existing home within two years of purchase. ...

Number of Employees 12,800

Contact Information

NAICS Code Gypsum Product Manufacturing: 327420