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Overall, we anticipate volumes in the region to be down by low double digits versus our previous forecast of a high single-digit decline.
europe deowbgrade too
Transcript
2024 Q1
6 Jun 24
The largest builders are driving much of this improvement with much of the demand coming from entry-level homes.
While this is a positive for our doors business, we are underrepresented with the largest homebuilders in our windows business.
As such, our North America business is not seeing as much lift from single-family construction as the overall market data would suggest.
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Transcript
2024 Q1
5 Jun 24
. Starting with North America, due mostly to continued uncertainty around U.S. interest rates, we now expect North America volumes to be down by mid-single digits in 2024 versus our previous forecast of a low single-digit decline. We anticipate that new single-family home construction will be higher by low single digits.
However, the outlook for repair and remodel activity remains challenging and we currently expect R&R activity to be down by mid- to high single digits. The European market continues to remain under pressure and is experiencing higher-than-anticipated demand weakness due to the ongoing macroeconomic and geopolitical challenges.
market outlook
Transcript
2024 Q1
5 Jun 24
In early April, as part of our ongoing activities to streamline and simplify our manufacturing footprint, we announced the closure of 2 North America windows facilities.
While these were difficult decisions, it's critical that we continue taking the actions needed to improve JELD-WEN's financial results. I'll talk more about one of these decisions in a few minutes.
streamlining
Transcript
2024 Q1
5 Jun 24
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