Housing Market Cracks Widen: Top Siding Company Suffers Worst Stock Collapse In 50 Years James Hardie Industries – the world’s largest producer of fiber cement products, headquartered in Ireland and dual-listed in Sydney and New York – issued a grim housing outlook that sent its Sydney shares plunging the most in 50 years. The warning underscores deepening cracks emerging in the U.S. housing market under the continued weight of elevated interest rates. President Trump issued a new warning overnight about those rates “hurting” the housing industry. James Hardie generates about 70% of its revenue from North America. Its flagship product, HardiePlank, is… — Continue at ZeroHedge News : Read More
