Despite a challenging market, Builders FirstSource CEO asserts that housing demand remains 'robust'.

• Although there are slowdowns in homebuilding and high mortgage rates, Builders FirstSource CEO Dave Rush stated on CNBC's Jim Cramer that the demand for housing remains robust.
• On Thursday, the homebuilding materials supplier surpassed Wall Street's expectations, resulting in a new earnings record.

Although there have been slowdowns in homebuilding and high mortgage rates, CEO Dave Rush stated on CNBC's Jim Cramer that the demand for housing remains robust.

Rush stated that when they entered the year, they were cautious, but the strong demand for housing and the fact that it has been underbuilt kept housing at a stable level.

Builders FirstSource, a homebuilding materials supplier whose customers are mainly homebuilders and professional contractors, surpassed Wall Street's expectations when it released earnings on Thursday. The company's stock price increased by 2.56% and reached a new 52-week high.

Rush stated that much of his company's success is due to "value-added solutions" that help homebuilders save costs and labor. Builders FirstSource has invested over $100 million in automated technology, he said.

Rush stated that although homebuilders have managed to maintain their business, it has not been as strong as desired. He emphasized that they require assistance with mortgage rates to improve their financial situation. According to Rush, new construction will play a significant role in the market in the future due to the limited existing home inventory available for sale.

Our business is customized for professional contractors, with over 90% of our deliveries going directly to job sites," Rush stated. "New construction is essentially the only way to obtain a new home.

Join the CNBC Investing Club to receive updates on Jim Cramer's market moves.