When sourcing building materials, the best time of year to buy is any time other than September, That’s because this month marks the start of peak production for all things construction-related. That might not be great news for anyone looking to build something new, but there are benefits to buying in non-peak months. Since you won’t have too many competitors and suppliers will be more willing to negotiate on price, you should be able to get better deals in September than you would in October or November. Here are the four best building products to buy this month if you want to save a little cash.
Owens Corning (OC)
Owens Corning is one of the biggest names in insulation and roofing materials, and it’s also one of the best stocks to buy this September. The company’s stock price has risen since early summer, but that momentum could continue through September. With the presidential election just around the corner, investors are watching the political landscape closely. Many are worried about what might happen to stocks if the Democrats win. However, stocks might also face some strong headwinds from rising interest rates. Rising rates are generally bad for stocks, but with interest rates still very low, there’s not much of an immediate threat. In addition, insulation and roofing are essential building materials that will likely be in high demand regardless of who wins the election. That could keep Owens Corning insulated from any short-term fluctuations in the stock market.
AAON, Inc. (AAON)
This is another insulation stock that could do well in September. Unlike Owens Corning, AAON’s insulation is designed to withstand extreme temperatures. That makes it an excellent choice for projects in desert climates. Thanks to some lucrative government contracts, the company also has a strong presence in the Middle East. With the global energy market expected to remain strong shortly, AAON should continue to do well. The company’s share price has surged due to upbeat earnings reports and good economic conditions. That trend could continue through September. One thing to keep an eye on is interest rates. If they start to climb, that could hurt AAON’s business.
Johnson Controls International (JCI)
Any stocks related to autos or manufacturing are a big gamble this September. There’s a lot of political uncertainty, and tariffs could wreak havoc on the economy. That could mean significant losses for JCI and other auto-related stocks. But there are also some good reasons to buy these stocks now. First, interest rates have been rising steadily, and experts expect them to continue climbing through the end of the year. Auto loans are typically tied to variable interest rates, so as rates go up, payments get more expensive. That could hurt sales shortly. However, the exchange rate between the U.S. dollar and other currencies has been a significant focus lately. China recently devalued the yuan, and many experts are worried that other countries could follow suit. That could help push the dollar up, making JCI’s products more expensive for foreign customers.
Carrier Global (CARR)
HVAC systems are essential for maintaining a comfortable home or office environment. While there has been talking of tariffs hurting business for these systems, CARR seems to be thriving. The company recently reported good earnings and increased sales and stock value. CARR also has a solid presence in North America, and the company is branching out with some new partnerships in Asia and South America. As a result, CARR could see a lift in business if governments don’t implement significant tariffs. The company has also positioned itself as a leader in green building products. As a result, CARR will be better positioned to take advantage of the market if people start to make more eco-friendly decisions in their construction projects.
As you can see, there are plenty of suitable materials to buy in September. The trick is to ensure you’re buying the right stock for your needs. For example, insulation is a wise investment if you’re trying to save on energy costs. If you’re looking for automobile-related materials, you may consider purchasing stocks that offer fuel-efficient products. Keep an eye on the political and economic landscape as you shop for materials. If you buy stocks when uncertainty is high, you may be able to get a reasonable price. You’ll get a good price on materials if you’re lucky.