RARE PHOTOS: Cavco industries inc | Rare Historical Photos

Cavco Industries Inc (NASDAQ:CVCO) reported fourth-quarter FY22 revenue growth of 64.9% year-over-year to $505.48 million, beating the consensus of $435.50 million. The gross profit jumped 82.9% Y/Y to $129.6 million, with the margin contracting 250 basis points to 25.6%. Selling, general and administrative expenses rose 35.9% to $59.7 million. The operating margin was…

The housing market has been galloping since the onset of the COVID-19 pandemic thanks to the robust demand amid widespread adoption of remote working and ultra-low interest rates. And despite the Fed’s hawkish tilt, the housing market is expected to maintain this momentum. Thus, fundamentally sound housing stocks PulteGroup (PHM),…