James Hardie Still Waiting on Macro Inflection Point -- Market Talk

Dow Jones11-14

2345 GMT - Building materials supplier James Hardie's revised FY 2025 guidance was better than many investors feared. But it's still waiting for an inflection point in macro conditions in the U.S., Morgan Stanley says. Repair & Remodel markets remain soft and James Hardie doesn't expect a recovery this year. "While we think there are some green shoots for the housing market with the clearing of the election and also 75 bps of rate cuts, we continue to see a challenging backdrop though to mid 2025," analyst Andrew G. Scott says. It appears that some homeowners are waiting on the sidelines for further certainty and to see a more meaningful reduction in mortgage rates, MS adds. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 13, 2024 18:45 ET (23:45 GMT)

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Repair &amp; Remodel markets remain soft and James Hardie doesn't expect a recovery this year. \"While we think there are some green shoots for the housing market with the clearing of the election and also 75 bps of rate cuts, we continue to see a challenging backdrop though to mid 2025,\" analyst Andrew G. Scott says. It appears that some homeowners are waiting on the sidelines for further certainty and to see a more meaningful reduction in mortgage rates, MS adds. 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But it's still waiting for an inflection point in macro conditions in the U.S., ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765646.SGD","symbol_name":"FTIF - Franklin Income A MDIS SGD-H1","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483554864","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483554864","pubTimestamp":1731541500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2345 GMT - Building materials supplier James Hardie's revised FY 2025 guidance was better than many investors feared. But it's still waiting for an inflection point in macro conditions in the U.S., Morgan Stanley says. Repair & Remodel markets remain soft and James Hardie doesn't expect a recovery this year. \"While we think there are some green shoots for the housing market with the clearing of the election and also 75 bps of rate cuts, we continue to see a challenging backdrop though to mid 2025,\" analyst Andrew G. Scott says. It appears that some homeowners are waiting on the sidelines for further certainty and to see a more meaningful reduction in mortgage rates, MS adds. 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