Builders and building materials companies have been suffering for some time, and many had hoped that the RBA’s 1.75% in cuts since November 2011 would spur the housing market. That appears to have been a false hope, shown by building materials company Boral Limited (ASX: BLD) announcing that it was cutting 100 jobs, and last month said it expected difficult conditions to remain in the near term. James Hardie Limited (ASX: JHX) reported in February that conditions in Australia remained subdued.
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