Small Cap Movers

Builders FirstSource slips to year low on weak housing market

Dianna Heitz | Jun 30, 2008 01:29pm EDT | Comment
Rating: Unrated
Builders FirstSource, Inc. (Nasdaq:BLDR) skidded to a 52-week low on Monday as the building material supplier felt the impact of the weak housing market. Both housing starts and the sales of new and existing homes have steadily dropped as the fallout from the subprime mortgage industry continues. The Dallas-based Builders FirstSource shares fell to $5.22, down about 10% from Friday’s close. The company’s shares are down more than 67% from a year ago and have ranged from $16.65 to Monday’s low of $5.22.

For detailed price information and recent news stories on Builders FirstSource Inc., click BLDR.
Dianna Heitz

About the Author
Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.