The later appears to be a particularly big problem for Whirlpool, which fell 16.5% today in the largest drop since 2020. Now much of that is just giving back the post-election rally but it's still a worrisome move.
"Resilient replacement demand creates a solid foundation for industry volumes, while consumer discretionary demand continues to be negatively impacted by elevated mortgage rates, resulting in weak existing home sales," said CEO Marc Bitzer.
This was also an interesting comment on pricing and the inflationary environment.
Combine these comments with the soft pending home sales report today makes for a tough housing environment in 2025.
This article was written by Adam Button at www.forexlive.com. Read More Details
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