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- Tamawood (TWD) sees enquiries decline in the last week, which is attributed to interest rate rises and the upcoming Australian election
- However, the company believes it is well positioned to take advantage of the changing economic climate
- It expects to see future success due to its lower costs, experienced staff, and rental market conditions
- The recent acquisition of Astivita and supplier relationships has ensured it is well supplied to finish homes and hold six month of stocks and order in advance.
- Shares are trading 5.36 per cent lower today at $3 each
Home construction company Tamawood (TWD) has seen enquiries decline in the last week, which is attributed to interest rate rises and the upcoming Australian election.
However, the company believes it is well positioned to take advantage of the changing economic climate.
It expects to see future success due to its lower costs, experienced staff, and rental market conditions.
In addition, recently introduced accessible housing requirements are expected to have cost implications for competitors in the industry.
Costs and availability of building materials have been significantly affected recently through the Ukraine war and ongoing lockdowns in China.
However, the company has ensured it is well supplied to finish homes and hold six months of stock and order in advance. It said it has achieved this through its recent acquisition of Astivita and supplier relationships.
Shares were trading 5.36 per cent lower today at $3 each at market close.
