2024-01-26 05:00:54 ET
Summary
- Skyline Champion, a manufactured housing company, offers affordable housing solutions for those on a tight budget.
- The company's financial performance has been declining, with a significant drop in revenue and profits.
- Analysts have a pessimistic outlook for the business, but an improvement in backlog could surprise investors with a positive outlook.
- Despite this, shares look pricey and it might be premature to buy in.
One of the biggest complaints that people have about the modern era, particularly those who are lower income or middle class, is that housing costs are extremely high. There is certainly a ring of truth to this. For homes that are no longer new, the average price as of November of 2023 was $387,600. For a new home, that price was $488,900, though the median price does drop to $434,700. Regardless of the price, this is a lot of money for most Americans. But not every home is expensive. For those on a tight budget, manufactured housing can be an attractive solution. And one of the companies at the forefront of that is Skyline Champion (SKY)....
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Skyline Champion Is Stabilizing, But There Are Better Opportunities In Housing