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 …
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