Maybe another canary in the coalmine for housing is Mohawk Industries (MHK +6.2%), the maker of...

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mickmars Comments (1083)
 
Apartments need carpet too.
4 May 2012, 12:49 PM Reply Like

davidingeorgia Comments (2678)
 
Or people remodeling - and changing their floors in the process - instead of buying or building new homes.
4 May 2012, 12:56 PM Reply Like

Poor Texan Comments (3488)
 
My daughter and son-in law just finished installing all new floors due to water damage from a burst water heater. That's not new construction but it's in their figures.
4 May 2012, 03:21 PM Reply Like

Tom in Texas Comments (287)
 
Mohawk, not Mohwak
4 May 2012, 12:50 PM Reply Like

Fin858 Comments (450)
 
For similar types of plays take a look at MAS and FBHS.

Decent upside without the leverage or the asset risk the homebuilders have.
4 May 2012, 12:53 PM Reply Like

Rhianni32 Comments (1810)
 
How can improved conditions and sales be a canary in the coalmine scenario? Are we calling for the bad news on bad news itself?
4 May 2012, 01:06 PM Reply Like

philmorse Comment (1)
 
Maybe the Mohawks got smart and started importing their blankets from China
4 May 2012, 02:18 PM Reply Like

J 457 Comments (863)
 
The millions of REOs left abandoned the last three years all need new carpet to cover the slab cracks and moldy floors.
4 May 2012, 04:19 PM Reply Like

Econdoc Comments (2944)
 
this thing leads the market - it is a good sign - a good canary

E
5 May 2012, 06:03 AM Reply Like