Wolseley Expresses Concern About The U.S. Housing Market

Wolseley PLC, the world’s largest distributor of plumbing, heating and building products, said that sales for the fiscal year through June 30 rose 15 percent but expressed caution about the state of the U.S. housing market.

Wolseley said there were no signs of an upturn in U.S. housing, while the repairs, maintenance and improvement market had also begun to soften. Wolseley’s North American subsidiaries include Ferguson Enterprises, Newport News, Va.; Stock Building Supply, Raleigh, N

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