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MH Component Stocks Rise

October 8th, 2012

Investors tells MHProNews the stocks of Patrick Industries (PATK) and Drew Industries (DW) surged this past week. Drew advanced seven percent, and Patrick, which jumped 20 percent at the beginning of the week, settled at plus 13 percent. Both companies are major component suppliers to the manufactured housing and RV industries. According to the report, the annual RV show in Pennsylvania in Sept. saw record sales in some instances. Berkshire Hathaway’s (BRKA) Forest River subsidiary, which also makes modular and HUD Code homes, sold “virtually hundreds of units” at the show.

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