The Home Appliance Industry is not immune to the push demand generated from the housing industry. As fewer new homes are sold, the demand to fill the new home with appliances wanes. Raw material costs are also increasing, namely precious metals and oil.
Demand is also generated as homeowners improve their homes prior to selling. As existing home sales decrease from record levels, sales of appliances are also decreasing.
Component Prices
Copper, Zinc, and Nickel prices are the primary factors. Resin and Steel prices are also meaningful.
Rising component prices and slumpind demand have caused some companies to cut back on personel and combine pruduction facilities.
Industry Constituents
Black & Decker (BDK) National Presto Industries (NPK) Toro Company (TTC) Whirlpool (WHR) General Electric Company (GE)