Latest Housing News

James Hardie delivered a sharp rebound in second-quarter profitability, with continuing-operations sales up 24% and adjusted EBITDA up 44%. The building products group reaffirmed its FY27 earnings guidance, lifted its free cash flow target above US$650 million and accelerated debt reduction.

Vivmark Residential delivered higher adjusted operating earnings in its first quarter following the Equity Residential and AvalonBay merger, while merger costs drove a steep GAAP loss. The newly combined landlord raised its annual synergy target to US$135 million and forecast further pressure from California property taxes.

Fair Isaac posted a strong fourth quarter, with revenue rising 27% to US$657 million and non-GAAP diluted EPS reaching US$11.10. But the company declined to provide fiscal 2027 guidance as it shifts mortgage customers to bespoke pricing amid continued housing-market pressure.

Scentre Group has reaffirmed its 2026 funds-from-operations and distribution targets after reporting stronger visitation, sales and leasing metrics across its Westfield portfolio. Exposure to David Jones remains material in floor space but limited in earnings terms, with rent paid through September.

Assurant lifted its 2026 earnings outlook after reporting strong third-quarter growth across its Lifestyle and Housing businesses. The insurer also plans to increase share repurchases to US$350 million, although catastrophe losses and reserve development remain important variables.

Lennox is replacing the head of its Building Climate Solutions segment with an internal executive while retaining the outgoing leader as a strategic adviser through February 2028. The transition preserves customer and leadership continuity, but the filing does not indicate any change to financial guidance.

Healthpeak has raised its 2026 adjusted FFO and same-store NOI guidance after a quarter of strong senior housing growth, leasing activity and portfolio expansion. The uplift comes with a lower GAAP earnings outlook, reflecting depreciation from newly acquired senior housing assets.

Westpac’s statutory FY26 profit fell 1% to $6.8 billion, while lending, deposits and underlying operating earnings moved higher. The bank maintained its fully franked final dividend at 77 cents per share, but rising impairment charges and margin pressure remain important counterweights.

Orbit Resources has deferred the proposed Matrix Critical Minerals IPO after the offer failed to reach its minimum, cancelling next week’s shareholder meeting and returning funds received. The move preserves Orbit’s 100% ownership of the Narraburra rare earths project, but leaves its funding pathway unresolved.

Alpha HPA has moved closer to commissioning its flagship Stage 2 facility, with permanent plant energisation targeted for December while Stage 1 customer demand continues to outstrip available capacity. The company also began drawing funds from a $160 million government-backed commitment and reported $81.4 million in cash at quarter-end.

LGP Cannatrek generated A$4.4 million in net operating cash flow on unaudited quarterly revenue of A$26.0 million, providing the first clean look at the merged group’s operations. Cost synergies, Danish production upgrades and UK expansion are advancing, while a pending TGA penalty remains an unresolved risk.

Pure Resources has moved its Garnet Hills strategy from concept towards laboratory validation, with heavy rare earths recovered into solution, CNTF fabrics manufactured in-house and garnet meeting key abrasive standards. The milestones remain early-stage, with no quantified rare earth recovery or commercial revenue reported.