Masco Sales Fell 7% in 2007

Masco Corp. reports its sales in 2007 declined 7% to $11.8 billion compared with $12.7 billion for 2006. North American sales declined 12% and international sales increased 15%. Cabinet sales fell 14%, but plumbing product sales increased 5%. Masco expects 2008 to cause a drop in consumer spending for home improvement products.