Despite homebuilding slowdowns and high mortgage rates, Builders FirstSource CEO Dave Rush told CNBC's Jim Cramer that the demand for housing remains strong. "And what proved to be the point is housing demand is really strong, and the demand for housing and the fact that housing has been underbuilt, kept housing at a relatively stable level." Up 2.56% by close, Builders FirstSource reached a new 52-week high. Builders FirstSource has invested over $100 million in automated technology, he said. "We tailor our business to the professional contractor, 90 plus percent of our business is delivered to the job site," Rush said.

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Persons: homebuilding slowdowns, Dave Rush, CNBC's Jim Cramer, Rush, Builders FirstSource, Homebuilders Organizations: Builders