New York, February 4, 2026, 13:10 EST — Regular session
Shares of Champion Homes (NYSE: SKY) jumped roughly 12.3% to $85.36 Wednesday following the company’s fiscal third-quarter report and an updated share repurchase authorization revealed in a recent regulatory filing. (SEC)
This matters because investors see manufactured housing as a rate-sensitive slice of the market: demand can bounce back quickly when financing gets easier, but it evaporates just as fast when rates rise. Cash returns provide some support, but order indicators usually drive the action.
Champion reported a 1.8% rise in net sales to $656.6 million for the quarter ending Dec. 27, 2025. However, net income dropped 11.7% to $54.3 million. Gross margin declined by 190 basis points, settling at 26.2%. Adjusted EBITDA — operating profit before interest, taxes, depreciation, and amortization, with certain adjustments — fell to $74.8 million. (Business Wire)
“Even with a tough third quarter, we achieved solid operational results,” Chief Executive Tim Larson said in the company’s statement. The firm highlighted progress on its retail and digital initiatives and confirmed Tawn Kelley as board chair. (Yahoo Finance)
Capital return remained a key focus. TheFly reported the board updated the share repurchase authorization, enabling up to $150 million in future buybacks after the company repurchased $50 million of its stock. (TipRanks)
Demand signals showed some contradictions. Backlog—homes ordered but not yet delivered—dropped 15.1% from the previous quarter, landing at $266.0 million. Meanwhile, U.S. home sales dipped 2.6% to 6,270 units. The average selling price climbed 4.6% to $99,300, boosted by product mix and pricing at company-owned retail centers, according to the release. (MarketScreener)
Other housing stocks also moved up. Cavco Industries climbed roughly 2.8%, Legacy Housing jumped around 4.0%, and homebuilders PulteGroup and D.R. Horton advanced between 2% and 3% during the session.
Champion, headquartered in Troy, Michigan, constructs manufactured and modular homes. The company also operates a factory-direct retail business alongside transportation services, according to its company description included with the release. (Financial Times Markets)
But the quarter also highlighted potential pitfalls. A slimmer backlog heading into the next period offers less of a buffer if retailer orders or sales to manufactured-home community owners, including REITs, remain weak. Meanwhile, margin pressure from materials costs could persist despite rising prices.
Investors are adjusting their outlook as the U.S. Bureau of Labor Statistics delayed the January employment report to next Wednesday, following a short government shutdown. This shift could disrupt rate forecasts, directly impacting housing-related stocks. (Reuters)
The macro calendar offers the next major triggers: the BLS has the January jobs report slated for Feb. 11 at 8:30 a.m. ET, while the January CPI data is now set for Feb. 13. (Bureau of Labor Statistics)
