Archive

Posts Tagged ‘component suppliers’

RV Sales Spike Manufactured Housing Component Suppliers

July 21st, 2013 Comments off

As sales of manufactured housing’s sister industry, the recreational vehicle (RV) business, began accelerating in mid-2012, it also spurred the sales of several manufactured housing (MH) component suppliers. Shipments of motor homes rose 30 percent through May of this year compared to 2012. Drew Industries, Inc., one of the three largest companies in the Investor’s Business Daily’s (IBD) Building-Mobile/Manufactured Homes group, supplies slide-out mechanisms and other items for the RV industry. Its sales rose 36 percent in Q3 2012, as IBD informs MHProNews. Overall, the group’s ranking as of Friday, July 19 had risen to 58 out of 197 industries from number 171 at the beginning of May. Included in the ranking are modular and MH manufacturer Cavco Industries and Patrick Industries, maker of ceiling and wall panels for the MH and RV industries.

(Photo credit: Wikipedia)

 

Indiana County has Highest Job Growth in the Nation

July 2nd, 2013 Comments off

Elkhart County in northern Ind. topped the nation for job growth in 2012 with a rate of 7.4 percent from Dec. 2011 to Dec. 2012, as compared to a national rate of 1.9 percent, according to the U. S. Bureau of Labor Statistics. The county, and neighboring LaGrange County, are the hubs of recreational vehicle production, the sister industry of manufactured housing (MH), turning out 83 percent of the nation’s RV’s. Manufacturing employment grew 11.6 percent in the county last year, adding 5,479 jobs, rvbusiness states. As MHProNews knows, the area is also home to several MH builders as well as component suppliers to the factory-built home industry.

(Photo credit: Wikipedia–manufactured home chassis)

Elkhart Tops the Nation

April 1st, 2013 Comments off

RVBusinses informs MHProNews Elkhart County, Indiana led the nation in job growth for the period Sept 2011 to Sept. 2012  for the largest U. S. counties, with 6.9 percent versus the national rate of 1.6 percent, according to the Bureau of Labor Statistics. While Elkhart hosts several component suppliers to the manufactured and modular housing industry, it is definitely home to MH’s sister industry, the recreational vehicle (RV) business, producing 83 percent of all North American RV’s, says the Recreation Vehicle Industry Association (RVIA). Approximately half of all employment in the county is related to RVs, which saw shipments grow 13.6 percent last year.

(Photo credit: Wikipedia–Chateau Sports Class RV)

MH Component Stocks Rise

October 8th, 2012 Comments off

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.

(Image credit: Wikipedia historic)

Domestic Mfg: Rearing it’s Lovely Head?

June 28th, 2012 Comments off

In a New York Times article by John Markoff about Google’s “American Made” production of its wireless home media player, Harold L. Sirkin of Boston Consulting Group said in April one third of American companies with revenue over one billion are planning/considering returning their manufacturing operations to the U.S. The increased cost of labor, energy, and transportation in China coupled with the risk of intellectual property theft—not to mention a drive to work for engineers as opposed to flying 16 hours—can make production at home more attractive. Finding component suppliers nearby is the biggest challenge. Sirkin says, “At 58 cents an hour, bringing manufacturing back was impossible, but at $3 to $6 an hour, where wages are today in coastal China, all of a sudden the equation changes.” He adds the return of manufacturing could bring two to three million jobs to the nation. As MHProNews has learned, job growth is key to revitalizing the housing market.

(Photo credit: ebay)

Is the Recovery Spinning Down?

April 5th, 2012 Comments off

The etruth in Elkhart County, Indiana says business leaders are cautiously optimistic about the future given business expansion and new jobs, but concerns remain about the increase in fuel costs that ultimately will be passed on to consumers that could drag the economy back down. Despite the 12.1 percent unemployment rate in this northern Indiana area that is home to numerous manufactured housing and recreational vehicle plants, as well as component suppliers, one employer says some jobs go begging because recent applicants work histories indicate they work until they qualify for unemployment and then quit. Another concern, according to Kevin Deardoff of Lake City Bank who has over 30 years in the banking industry, is people who used to pay their mortgage first now pay their credit card first, causing mortgage delinquencies to rise. MHProNews.com has learned homeowners who lost jobs became dependent on credit cards during the economic downturn, and realized it takes lenders longer to file foreclosure than to cut off a line of credit.

(Photo credit: Idaho Statesman/Chris Butler)