James Hardie Stock Plummets 35% Amid US Housing Slump’s Devastating Blow to Building Materials Sector

Building materials giant James Hardie just got crushed—down a staggering 35% as America's housing market tanks.

When the foundation cracks

US housing starts hit the brakes hard—no surprise when mortgage rates keep climbing and buyer demand evaporates. James Hardie's siding and fiber cement products? Suddenly sitting in warehouses instead of on new homes.

Wall Street's 'predictable' surprise

Analysts saw it coming—but still gasped at the sheer velocity of the drop. One fund manager quipped, 'They bet big on perpetual housing growth. Guess what? Even concrete isn't recession-proof.'

Not just a bad day—it's a warning shot

The collapse ripples beyond one company. If housing materials are tanking, construction jobs aren't far behind. And those banking on a 'soft landing' might want to check their math—and their portfolios.