Congress Passes Housing Act, Boosting Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Yahoo Finance
- Housing Act Passed: The bipartisan 21st Century ROAD to Housing Act, dubbed the most significant federal housing supply legislation since 1990, aims to cut red tape and restrict institutional buyers, which is expected to lower construction costs and boost demand for new homes.
- KB Home Revenue Beat: KB Home reported Q2 revenue of $1.11 billion, surpassing the $1.10 billion consensus, indicating robust demand for new construction despite affordability concerns, while the decline in the 10-year Treasury yield aids in improving mortgage rates.
- Building Materials Stocks Surge: Following the housing act's passage, construction materials companies JELD-WEN and Trex saw stock increases of 10.3% and 8.1%, respectively, reflecting optimistic market sentiment regarding the construction sector's outlook, particularly with rising demand for new homes.
- Market Overreaction: Although the market's reaction to news has led to significant price fluctuations in some high-quality stocks, it also presents good buying opportunities for investors, especially in the building materials and new housing sectors.
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Analyst Views on JELD
Wall Street analysts forecast JELD stock price to rise
5 Analyst Rating
0 Buy
5 Hold
0 Sell
Hold
Current: 1.520
Low
2.50
Averages
3.09
High
3.75
Current: 1.520
Low
2.50
Averages
3.09
High
3.75
About JELD
JELD-WEN Holding, Inc. is a global designer, manufacturer and distributor of high-performance interior and exterior doors, windows, and related building products serving the new construction and repair and remodeling sectors. Its segments include North America and Europe. North America segment competes in the new construction and repair and remodel (R&R) market for residential doors and windows in the United States and Canada. North America segment supplies windows and doors for residential and commercial markets. These products reach builders, repair and replacement contractors, architects, and homebuilders through direct and indirect channels, including dealer and distribution networks. The Europe segment competes primarily in the market for residential and non-residential doors in Germany, the United Kingdom, France, Austria, Switzerland, and Scandinavia. Its family of brands includes JELD-WEN worldwide, LaCantina and VPI in North America, Swedoor, DANA, and Kellpex in Europe.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
JELD-WEN Expands Environmental Product Declarations Portfolio
- Sustainability Commitment: JELD-WEN announces the expansion of its Environmental Product Declarations (EPDs) portfolio, adding third-party verified EPDs across various product categories in North America and Europe, aimed at enhancing customers' sustainable building decision-making capabilities and thereby strengthening market competitiveness.
- Diverse Product Categories: The newly released EPDs cover vinyl and wood windows, interior doors, and exterior doorsets, providing standardized data on environmental impacts throughout a product's life cycle, which helps customers better evaluate material choices and promotes green building certifications.
- Market Demand Response: As demand for data-driven sustainability insights grows, JELD-WEN supports customers in assessing carbon footprints, material composition, and energy use by expanding its EPD portfolio, further driving progress towards a lower-carbon built environment.
- Transparency and Trust: The company emphasizes that transparency is foundational to building trust with customers and partners, and the ongoing expansion of EPD coverage not only meets evolving market expectations but also supports the long-term development of sustainable building practices.
See More
Congress Passes Housing Act, Boosting Stocks
- Housing Act Passed: The bipartisan 21st Century ROAD to Housing Act, dubbed the most significant federal housing supply legislation since 1990, aims to cut red tape and restrict institutional buyers, which is expected to lower construction costs and boost demand for new homes.
- KB Home Revenue Beat: KB Home reported Q2 revenue of $1.11 billion, surpassing the $1.10 billion consensus, indicating robust demand for new construction despite affordability concerns, while the decline in the 10-year Treasury yield aids in improving mortgage rates.
- Building Materials Stocks Surge: Following the housing act's passage, construction materials companies JELD-WEN and Trex saw stock increases of 10.3% and 8.1%, respectively, reflecting optimistic market sentiment regarding the construction sector's outlook, particularly with rising demand for new homes.
- Market Overreaction: Although the market's reaction to news has led to significant price fluctuations in some high-quality stocks, it also presents good buying opportunities for investors, especially in the building materials and new housing sectors.
See More
Construction Materials & Machinery Stocks Surge
- Sector Performance: Construction materials and machinery stocks collectively rose by approximately 6% today, indicating strong market confidence in the sector, which may reflect an anticipated increase in construction activities.
- Builders FirstSource Leads: The company's stock surged by about 12.3%, positioning it as a leader in the industry, suggesting a competitive advantage and positive investor sentiment.
- JELD-WEN Holding's Strong Bounce: The stock increased by approximately 11.5%, highlighting its significant role in the construction industry's recovery, which may attract more investor interest in its growth potential.
- Positive Market Sentiment: The overall upward trend may signal a recovery in the construction sector, with enhanced investor confidence in future economic growth potentially driving more capital into related stocks.
See More
Jeld-Wen Expands Environmental Product Declarations Portfolio
- Expansion of EPDs: Jeld-Wen has added third-party verified Environmental Product Declarations (EPDs) for various building products in North America and Europe, including vinyl and wood windows, interior doors, and exterior doorsets, aimed at providing comprehensive environmental impact data to customers.
- Lifecycle Impact Assessment: These standardized EPD documents offer insights into a product's environmental impacts across raw material sourcing, manufacturing, usage, and end-of-life stages, enabling architects and designers to make more informed material evaluations.
- Support for Green Certifications: The newly released EPDs align with green building certification frameworks such as LEED, BREEAM, and DGNB, reflecting Jeld-Wen's responsiveness to the growing demand for sustainable building materials and enhancing its competitive position in the market.
- Addressing Emission Demands: As organizations increasingly focus on reducing Scope 3 emissions, Jeld-Wen's EPDs provide critical information on carbon footprint, material composition, and energy use, meeting the rising customer demand for environmental reporting.
See More
JELD-WEN Expands Environmental Product Declarations Portfolio
- Sustainability Commitment: JELD-WEN announces the expansion of its Environmental Product Declarations (EPDs) portfolio, adding newly released third-party verified EPDs across various product categories in North America and Europe, aimed at enhancing customers' sustainable building decision-making capabilities.
- Broad Product Range: The newly released EPDs include vinyl and wood windows, interior doors, and exterior doorsets, providing standardized data on environmental impacts from raw material sourcing to end-of-life considerations, helping customers better assess product environmental performance.
- Support for Green Certifications: EPDs play a critical role in supporting green building certifications such as LEED, BREEAM, and DGNB, offering architects and designers a trusted data source for selecting lower-impact building materials and promoting sustainable building practices.
- Transparency and Trust: By increasing access to EPDs, JELD-WEN not only meets market expectations for transparency but also drives progress toward a lower-carbon, sustainable built environment, enhancing trust between customers and partners.
See More
JELD-WEN Launches Curator™ Collection Fiberglass Door Systems
- Innovative Door System Launch: JELD-WEN introduces the Curator™ Collection fiberglass door systems, utilizing the FortiTec™ one-step manufacturing process that significantly reduces delamination risk and enhances structural integrity, addressing builders' and homeowners' demands for high-quality doors.
- Premium Aesthetic Design: The new collection features an authentic wood appearance with precision-cast wood grain patterns and premium maple edges, providing high-end aesthetics while avoiding maintenance issues associated with wood, thereby enhancing market competitiveness.
- Enhanced Performance Features: Curator doors come standard with impact-rated and fire-rated capabilities, designed to protect home safety, reduce callbacks for builders, and increase homeowners' confidence in their long-term investment, aligning with modern residential needs.
- Strategic Market Positioning: This door series offers exceptional performance and durability at an accessible price point, reflecting JELD-WEN's deep understanding of customer needs and further solidifying its leadership position in the building products market.
See More
JELD-WEN Expands Environmental Product Declarations Portfolio
- Sustainability Commitment: JELD-WEN announces the expansion of its Environmental Product Declarations (EPDs) portfolio, adding third-party verified EPDs across various product categories in North America and Europe, aimed at enhancing customers' sustainable building decision-making capabilities and thereby strengthening market competitiveness.
- Diverse Product Categories: The newly released EPDs cover vinyl and wood windows, interior doors, and exterior doorsets, providing standardized data on environmental impacts throughout a product's life cycle, which helps customers better evaluate material choices and promotes green building certifications.
- Market Demand Response: As demand for data-driven sustainability insights grows, JELD-WEN supports customers in assessing carbon footprints, material composition, and energy use by expanding its EPD portfolio, further driving progress towards a lower-carbon built environment.
- Transparency and Trust: The company emphasizes that transparency is foundational to building trust with customers and partners, and the ongoing expansion of EPD coverage not only meets evolving market expectations but also supports the long-term development of sustainable building practices.
See More
Congress Passes Housing Act, Boosting Stocks
- Housing Act Passed: The bipartisan 21st Century ROAD to Housing Act, dubbed the most significant federal housing supply legislation since 1990, aims to cut red tape and restrict institutional buyers, which is expected to lower construction costs and boost demand for new homes.
- KB Home Revenue Beat: KB Home reported Q2 revenue of $1.11 billion, surpassing the $1.10 billion consensus, indicating robust demand for new construction despite affordability concerns, while the decline in the 10-year Treasury yield aids in improving mortgage rates.
- Building Materials Stocks Surge: Following the housing act's passage, construction materials companies JELD-WEN and Trex saw stock increases of 10.3% and 8.1%, respectively, reflecting optimistic market sentiment regarding the construction sector's outlook, particularly with rising demand for new homes.
- Market Overreaction: Although the market's reaction to news has led to significant price fluctuations in some high-quality stocks, it also presents good buying opportunities for investors, especially in the building materials and new housing sectors.
See More
Construction Materials & Machinery Stocks Surge
- Sector Performance: Construction materials and machinery stocks collectively rose by approximately 6% today, indicating strong market confidence in the sector, which may reflect an anticipated increase in construction activities.
- Builders FirstSource Leads: The company's stock surged by about 12.3%, positioning it as a leader in the industry, suggesting a competitive advantage and positive investor sentiment.
- JELD-WEN Holding's Strong Bounce: The stock increased by approximately 11.5%, highlighting its significant role in the construction industry's recovery, which may attract more investor interest in its growth potential.
- Positive Market Sentiment: The overall upward trend may signal a recovery in the construction sector, with enhanced investor confidence in future economic growth potentially driving more capital into related stocks.
See More
Jeld-Wen Expands Environmental Product Declarations Portfolio
- Expansion of EPDs: Jeld-Wen has added third-party verified Environmental Product Declarations (EPDs) for various building products in North America and Europe, including vinyl and wood windows, interior doors, and exterior doorsets, aimed at providing comprehensive environmental impact data to customers.
- Lifecycle Impact Assessment: These standardized EPD documents offer insights into a product's environmental impacts across raw material sourcing, manufacturing, usage, and end-of-life stages, enabling architects and designers to make more informed material evaluations.
- Support for Green Certifications: The newly released EPDs align with green building certification frameworks such as LEED, BREEAM, and DGNB, reflecting Jeld-Wen's responsiveness to the growing demand for sustainable building materials and enhancing its competitive position in the market.
- Addressing Emission Demands: As organizations increasingly focus on reducing Scope 3 emissions, Jeld-Wen's EPDs provide critical information on carbon footprint, material composition, and energy use, meeting the rising customer demand for environmental reporting.
See More
JELD-WEN Expands Environmental Product Declarations Portfolio
- Sustainability Commitment: JELD-WEN announces the expansion of its Environmental Product Declarations (EPDs) portfolio, adding newly released third-party verified EPDs across various product categories in North America and Europe, aimed at enhancing customers' sustainable building decision-making capabilities.
- Broad Product Range: The newly released EPDs include vinyl and wood windows, interior doors, and exterior doorsets, providing standardized data on environmental impacts from raw material sourcing to end-of-life considerations, helping customers better assess product environmental performance.
- Support for Green Certifications: EPDs play a critical role in supporting green building certifications such as LEED, BREEAM, and DGNB, offering architects and designers a trusted data source for selecting lower-impact building materials and promoting sustainable building practices.
- Transparency and Trust: By increasing access to EPDs, JELD-WEN not only meets market expectations for transparency but also drives progress toward a lower-carbon, sustainable built environment, enhancing trust between customers and partners.
See More
JELD-WEN Launches Curator™ Collection Fiberglass Door Systems
- Innovative Door System Launch: JELD-WEN introduces the Curator™ Collection fiberglass door systems, utilizing the FortiTec™ one-step manufacturing process that significantly reduces delamination risk and enhances structural integrity, addressing builders' and homeowners' demands for high-quality doors.
- Premium Aesthetic Design: The new collection features an authentic wood appearance with precision-cast wood grain patterns and premium maple edges, providing high-end aesthetics while avoiding maintenance issues associated with wood, thereby enhancing market competitiveness.
- Enhanced Performance Features: Curator doors come standard with impact-rated and fire-rated capabilities, designed to protect home safety, reduce callbacks for builders, and increase homeowners' confidence in their long-term investment, aligning with modern residential needs.
- Strategic Market Positioning: This door series offers exceptional performance and durability at an accessible price point, reflecting JELD-WEN's deep understanding of customer needs and further solidifying its leadership position in the building products market.
See More
