The USA economy is quite resilient but in REH's sector, everyone is waiting for an interest rate cut as 30 year-mortgage rates are high. A cut wil change the psychology but there'll be a delay.
Single family (i.e. residential) homes in USA see green shoots: others (multi-family and renovations), not. However renos are not a major part of REH's business in the USA yet. Each USA state is different though.
Fundamentals are great for USA: underbuild and population growth.
In Australia/New Zealand, the bathrooms part is feeling more pressure as it's more discretionary than the 'trade' part.
REH is not banking on (immediate) margin improvement in the USA: there is much capex remaining. It is 'only just getting started' in the USA. It is in a slightly better position in the USA than Peter Wilson expected. (A very positive comment given REH's known conservatism).
The USA economy is quite resilient but in REH's sector, everyone...
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Last
$23.80 |
Change
0.520(2.23%) |
Mkt cap ! $15.37B | |||
| Open | High | Low | Value | Volume |
| $23.56 | $24.06 | $23.45 | $17.12M | 719.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5 | $23.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $23.81 | 13073 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| REH (ASX) Chart |