David Rush on interest rates
From Builders FirstSource CEO Dave Rush goes one-on-one with Jim Cramer · · CNBCTelevision
“Despite 11 straight interest rate hikes, Builders FirstSource remains one of the best performing stocks in the entire market, which is a tribute to the company's strategic focus and operational discipline.”
On , David Rush, Chief Executive Officer & President at Builders FirstSource, Inc, spoke about interest rates during Builders FirstSource CEO Dave Rush goes one-on-one with Jim Cramer on CNBCTelevision.
About David Rush
David Rush, CEO of Builders FirstSource, has appeared on financial news programs to discuss the housing market and his company's performance. In late 2024, he stated that housing demand is "really strong," attributing this to a long-term underbuilding of homes and low existing home inventory. He noted that national home builders have successfully used interest rate buydowns and smaller home designs to create affordable monthly payments for buyers, calling the market "healthy" though "not robust." Earlier in 2024, Rush highlighted the company's strategic focus on value-added products and automation, stating that Builders FirstSource had invested over $100 million in automation technology to control costs and address affordability concerns. In 2023, Rush described the housing market as stable and expressed cautious optimism, stating that single-family home construction had "bottomed" in the current macro environment. He said that home builder customers had reported better-than-expected demand and that the company was focused on maintaining on-time delivery and investing in manufacturing to address ongoing labor shortages. Rush also discussed the company's capital allocation strategy, which prioritizes maintaining a strong balance sheet, investing in organic growth and acquisitions, and conducting share buybacks when the company is perceived as undervalued.