The question now: where does volume and price go from here, given that those two factors drive sales, profits and the USG stock price. The industry has been aggressively raising prices even as the housing recovery has experienced fits and starts. Drywall sold by USG hit a quarterly low of $104.41 per thousands square feet in 1Q 2008, and remained as low as $112.59 through 4Q 2011. Since then, however, USG and competitors have successfully pushed through numerous price increases – despite the fact that volume remains far below output during the mid-2000s housing boom.
USG sees drywall activity churn higher profits
Earnings still fall below 2008 peak