The enclosed report focuses on the Building Products industry. In this report, we discuss the presidential election and the state of the U.S. economy that will be inherited by the next president. Regardless of who is elected on November 8th, an acceleration of economic growth will be vitally important to industry prospects over the next four years.

Additionally, we discuss Building Products M&A activity, public company valuation metrics, M&A valuation metrics, and notable building products transactions in 2016Q3. The report also includes Cherry Tree's Building Products Performance Index.

Our feature article focuses on policy proposals offered by the two major party candidates, Hillary Clinton and Donald Trump, concerning issues related to the Building Products industry. We analyze four issues: regulations, infrastructure spending, immigration, and trade. We not only address each candidate's stance regarding these issues, but also why the issues are relevant to the industry. While many crave for an end to this election season, operators should understand how each candidate's policies could impact U.S. economic growth and Building Products industry performance.