Reports Q1 revenue $871M vs $749.5M last year. “In our Residential segment, the challenging housing market we faced throughout fiscal 2025 has not yet begun to improve. Housing affordability challenges, availability and cost of insurance, and overall economic uncertainty continue to weigh on consumer demand, resulting in a decrease in Residential revenue and earnings for the first quarter of fiscal 2026 compared with the prior year. Given the challenging market conditions, we have prioritized our plumbing ...

美联储主席对美国住房市场的观点 - 美联储主席杰罗姆·鲍威尔承认 近期25个基点的短期利率下调不会显著改善美国住房市场的可负担性问题 [2] - 鲍威尔指出 美国住房市场面临重大结构性挑战 核心问题在于住房供应短缺 而美联储缺乏解决此问题的政策工具 [2] - 鲍威尔曾于10月承认 美联储在疫情期间可能过长时间地购买了抵押贷款支持证券 这可能助推了当时住房市场的过热 但具体影响程度难以确定 [3] 宏观经济与利率环境变化 - 过去一年多 美国劳动力市场走软 最新公布的失业率为4.4% 较2023年4月的周期低点3.4%有显著上升 [4] - 在此期间 美联储通过多次降息将政策从限制性转向中性 同时长期收益率和抵押贷款利率已从周期高点回落 [4]