Building products supplier James Hardie will buy back up to $US100 million of its shares over the next 12 months.

James Hardie is also expecting to see moderate growth in the US housing market and growth in Australian sales in fiscal 2017, after a 16 per cent drop in annual year net profit in 2015/16 to $US244 million ($A338 million). The result for the year to March 31 was weighed…