Business
    Next Score View the next score

    Mass. Movers

    Builders fall on latest confidence report

    Beacon Roofing will report quarterly earnings May 10.
    istockphoto.com
    Beacon Roofing will report quarterly earnings May 10.

    Peabody-based Beacon Roofing Supply Inc. was among the companies whose shares fell after news about builders’ confidence. Homebuilders are concerned limited land and rising costs for materials and labor will slow sales in the short term. Still, their outlook for sales over the next six months climbed to the highest level in more than six years. The National Association of Home Builders/Wells Fargo builder sentiment index fell this month to 42 from 44 in March.

    Advertisement