1243 ET - Weyerhaeuser says the war in Iran has gotten the housing market off to a slow start, but the company is still optimistic about a recovery in the long-term. Higher fuel costs, macroeconomic uncertainty and higher mortgage rates have resulted in a slow start to the building season, executives say. "In the near term, I suspect we'll continue to see choppiness in the housing market as consumers navigate ongoing affordability challenges and uncertainty around the economy," CEO Devin Stockfish says. There are still signs of recovery, Stockfish says, as applications have started to pick up and housing starts in March were better than anticipated. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
May 01, 2026 12:43 ET (16:43 GMT)
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