Single-family home construction has bottomed in current macro environment: Builders FirstSource CEO
Builders FirstSource CEO Dave Rush joins 'Squawk on the Street' to discuss what Rush anticipates for housing demand, whatΒ ...
President of Commercial Operations, Builders Firstsource
Search every verified Johnny Cope interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2023 interview, Builders FirstSource CEO Dave Rush stated that single-family home construction has "bottomed" in the current macro environment. He expressed optimism that full-year single-family activity would be down "single digits" compared to 2022, which he described as better than the company had expected. Rush attributed this outlook to builder strategies such as buying down mortgage rates and offering smaller homes, which he said have helped sustain demand. Rush noted that labor remains a challenge for both builders and his company. He said Builders FirstSource has invested over $100 million since 2021 in manufacturing operations to increase output per labor hour. He also stated that the company is focused on customer service and on-time delivery to help address affordability, and that its value-added prefabricated products are intended to reduce construction time and labor costs.
“We're very optimistic single-family home construction has bottomed if you look at the current macro environment. If things change with the macro environment you have to reevaluate, but given the current macro environment and the ways that have proven to be successful for our customers to move homes, we're optimistic th...”
“Our home builder customers have done a great job of buying down rates, offering options that include less square footage, fewer options for the home, ways to afford that or ways to solve for their affordability challenge and, of course, we get the -- we're the benefactor of those successful transactions through additio...”
“I think it might affect our top line a little bit. Obviously, less fiber in the home, but we still prefer that alternative than the home not sell at all. In addition, our value-added products, they help control the costs of the build. Those prefabricated components come to the job site ready to install, it savings time...”
“We are relentless on our customer service, on-time in full metrics and trying to make sure we have the materials there at the right time. So we're doing what we can to continue to solve the affordability challenge in this current environment and we believe that we have a good plan in this current environment to keep de...”
Builders FirstSource CEO Dave Rush joins 'Squawk on the Street' to discuss what Rush anticipates for housing demand, whatΒ ...
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