What Happened?
Shares of building products manufacturer JELD-WEN (NYSE:JELD) jumped 3.5% in the morning session after a surprise increase in U.S. housing starts for July, which boosted investor sentiment for the housing sector. The Commerce Department reported that new residential construction rose to an annualized rate of 1.428 million in July, significantly higher than the 1.30 million economists had anticipated. This unexpected strength in home-building suggests resilient demand, which is a positive sign for building product manufacturers like JELD-WEN whose business is closely tied to new construction activity. The positive macro news builds on recent company-specific optimism. In the last month, analysts have been raising their earnings estimates for JELD-WEN, and the company reported second-quarter financial results that beat Wall Street's expectations earlier in August.
After the initial pop the shares cooled down to $5.81, down 1.1% from previous close.
Is now the time to buy JELD-WEN? Access our full analysis report here, it’s free.
What Is The Market Telling Us
JELD-WEN’s shares are extremely volatile and have had 35 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 5 days ago when the stock dropped 3.1% on the news that an unexpectedly sharp rise in wholesale inflation fueled concerns about rising costs and their impact on corporate profits. The primary catalyst was the July 2025 Producer Price Index (PPI), a measure of inflation at the wholesale level, which jumped 0.9% against forecasts of a 0.2% rise. This represents the most significant monthly increase in over three years, pointing to mounting cost pressures for manufacturers, with tariffs cited as a key factor. This data complicates the Federal Reserve's upcoming interest rate decisions, as persistent inflation may prevent rate cuts, creating a headwind for cyclical sectors like Industrials.
JELD-WEN is down 28.2% since the beginning of the year, and at $5.81 per share, it is trading 64.2% below its 52-week high of $16.22 from September 2024. Investors who bought $1,000 worth of JELD-WEN’s shares 5 years ago would now be looking at an investment worth $260.78.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.