Benzinga reports that in these difficult times, manufactured housing is among the top-performing-industries in August. As of 10:15 AM EDT, the Manufactured Housing Composite Index was up by 2.24%. This rise was lead by Cavco Industries, up by 7.1%. Cavco will be reporting its FQ1 earnings after the closing bell today. Building materials, silver and gold are among the other risers up 3%, 2.24% and 2.01% respectively.
Editors Note: This report stands in contrast to the flawed analysis by IBISWorld last spring, which dismissed manufactured housing as a ‘dying’ industry.