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Stock impact report

Is Cavco Industries, Inc. (CVCO) the Best Residential Construction Stocks to Buy? [Yahoo! Finance]

Cavco Industries, Inc. (CVCO) 
US:NASDAQ Investor Relations: investor.cavco.com
Company Research Source: Yahoo! Finance
Industries, Inc. (NASDAQ:CVCO) stands against other best residential construction stocks to buy. News from the US Residential Construction On February 18, Reuters reported that the US homebuilder sentiment dropped to a five-month low in February. While new home construction is heavily dependent on imported materials such as lumber, there are concerns regarding tariffs on imports as well as higher mortgage rates further bringing housing costs higher. NAHB Chief Economist Robert Dietz reiterated the concerns, stating “With 32% of appliances and 30% of softwood lumber coming from international trade, uncertainty over the scale and scope of tariffs has builders further concerned about costs” Sheryl Palmer, Taylor Morrison CEO, joined CNBC's ‘Closing Bell Overtime' to shed light on the housing market amidst weak builder confidence and slowing activity. According to her, the first-time buyer is still stretched. Regarding tariffs, she deemed the situation still uncertain but referred Show less Read more
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