A sluggish housing market is weighing on growth.James Hardie Industries (JHX -15.03%) is feeling the pressure from a difficult housing cycle. Shares of the building materials manufacturer traded down 15% as of 1 p.m. ET Tuesday following the release of the company's latest quarterly report.Sales growth in a subdued marketJames Hardie is an Australian manufacturer of construction materials best known for its Hardie Board fiber-cement house siding. The company earned $0.40 in the quarter on revenue of $1 bill ...