Cemex sees U.S. housing, residential rebound next year

MEXICO CITY Tue Nov 27, 2012 9:57am EST

MEXICO CITY Nov 27 (Reuters) - Mexico's top cement maker Cemex said on Tuesday that it expects U.S. housing starts to increase by 16 percent next year, reaching 873,000, anticipating an improved performance in one of its top international markets.

Karl Watson, President of Cemex USA operations, told analysts during a presentation that the company is also forecasting U.S. residential sector cement demand up 14 percent in 2013.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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