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James Hardie boss says house price gains will drive renovation rebound

Simon Evans
Simon EvansSenior reporter

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James Hardie has managed to increase the price of building materials sold in Australia by 15 per cent, bolstering profits despite the company’s chief executive describing the market as “unsettled”.

Aaron Erter, who has been at the helm of the plasterboard and wall cladding company for a year, said he expects renovation work to rebound late next year as homeowners adjust to higher levels of interest rates.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/infrastructure/james-hardie-boss-says-house-price-gains-will-drive-renovation-rebound-20231107-p5ei3s