Skyline Champion Corporation: Initiation Of Coverage – These Macroeconomic Factors Are Impacting Its Growth Trajectory! 

This is our first report on factory-built housing player, Skyline Champion Corporation. The company’s Third Quarter FY2024 earnings generated mixed sentiments. The manufactured homes builder saw strong demand from end users through its proprietary and independent retail channels. The sustained consumer demand indicated a trend towards more affordable homes with fewer options and reduced material costs. That led to a decrease in average selling prices per home compared to the previous year. However, organic volume grew by over 230% compared to the same quarter last year, which aligns with the company’s independent and captive retail partners’ views on positive demand for affordable homes.