Ferguson has continued to outperform a sluggish housing market, reporting resilient demand and steady growth despite broader sector headwinds.
Ferguson has continued to outperform a sluggish housing market, reporting resilient demand and steady growth despite broader sector headwinds.
Resilient demand" means buyers with no choice and banks with no shame. Ferguson will keep posting growth until the margin calls start. Then it’s layoffs, shuttered branches, and a quiet fire sale. The housing market isn’t weak; it’s just finally honest. This ends the usual way: someone else eats the loss. I give it a year. Count on it.