Cavco Industries (CVCO)

Cavco’s core business is its factory-built housing segment, which includes wholesale distribution to independent retailers, company-owned retail locations and other housing channels. The company produces a range of home styles and floor plans for first-time buyers, retirees, rural homeowners, vacation properties and communities that use manufactured or modular housing. It also serves selected commercial and specialty markets with structures such as cabins and other systems-built buildings.

In addition to manufacturing, Cavco operates a financial services segment that supports the manufactured housing market through consumer finance and insurance offerings. These services can help customers access funding and protect their homes, while also giving Cavco exposure to parts of the value chain beyond production. The majority of the company’s revenue, however, comes from factory-built housing.

Cavco is positioned within the broader U.S. housing market, where affordability, interest rates, land availability and consumer confidence are important demand drivers. Its business is distinctive because it combines scale in manufactured housing with multiple brands, retail capabilities and complementary finance and insurance operations. The company’s performance is closely linked to housing affordability trends and the acceptance of factory-built homes as an alternative to conventional construction.