Restaurants are continuing to churn out takeout orders after fortifying their systems during the pandemic and are thriving with in-person dining back near normal levels as well. Truist analyst Jake Bartlett says more than two-thirds of Denny’s locations are back to 24-hour service now, a figure that was at about 95% before the pandemic but dropped to less than half as of a year ago, and new ovens in their kitchens will help bolster their dinner options.
The average factory-built home costs $70,000 to $200,000, while median existing home prices are above $350,000. “Traditionally, the target consumer for this type of housing would have been a lower income consumer,” says Greg Palm, senior research analyst at Craig Hallum Capital Group. “What you're seeing now is a much higher-income consumer that's getting priced out of traditional site-built housing.”
Interesting! What have been some of the key drivers of this outperformance?