Yes, Housing Always Goes UP - Except When It Goes Down

[Ken M.]

Housing Market Cracks Widen: Top Siding Company Suffers Worst Stock Collapse In 50 Years

James Hardie Siding generates about 70% of its revenue from North America. Its flagship product, HardiePlank, is widely used in residential housing as an alternative to wood or vinyl siding. That makes the company's earnings reports closely watched, given its heavy exposure to the U.S. housing market.

James Hardie's results add to the red flags for traders materializing in the construction and property space, with lumber prices sliding in recent months. Also, Toll Brothers gave disappointing guidance.

Meanwhile, President Trump fired off this Truth Social post in the overnight, "Could somebody please inform Jerome "Too Late" Powell that he is hurting the Housing Industry, very badly? People can't get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut. "Too Late" is a disaster!"