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Stock impact report

One home building stock that's gone under the radar: Analyst [Yahoo! Finance]

Cavco Industries, Inc. (CVCO) 
US:NASDAQ Investor Relations: investor.cavco.com
Company Research Source: Yahoo! Finance
why he is less bullish on home builders and to shed light on one under-the-radar stock: Cavco Industries ( CVCO McCanless illuminates that Cavco "sells affordably priced homes. According to the Manufactured Housing Institute, the average price of a single section home was $70,000 in '22, and $210,000 for a double section home. You compare that where existing home prices are on a median basis at almost $330,000 in the US. Cavco is a name that sells an affordable payment, which is what the manufactured housing buyers are typically looking for. We also think the balance sheet of this company, which is all, a net cash balance sheet, significantly net cash balance sheet, gives them the staying power to weather some of the mortgage rate fluctuations that the manufactured housing market saw in '23, just like the site-built housing market saw." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article w Show less Read more
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