WS #16431
Contrasting the industrial strength, the consumer and housing sectors show signs of strain. Lennox International missed Q3 EPS estimates by 6.6% and lowered its full-year guidance, indicating weakness in the housing market and HVAC demand. This is corroborated by data from Hong Kong showing lived-in home prices falling 0.8% in the third quarter, marking the first quarterly decline in five quarters. These signals suggest that the economic slowdown is reaching the residential sector.
Consumer & Housing Weakness
Contrasting the industrial strength, the consumer and housing sectors show signs of strain. Lennox International missed Q3 EPS estimates by 6.6% and lowered its full-year guidance, indicating weakness in the housing market and HVAC demand. This is corroborated by data from Hong Kong showing lived-in home prices falling 0.8% in the third quarter, marking the first quarterly decline in five quarters. These signals suggest that the economic slowdown is reaching the residential sector.