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RV/MH Hall of Fame Releases Expansion Plans for Northern Indiana Event Center

August 11th, 2016 Comments off

RVMHHallofFameNorthernIndianaEventCenterExpansionPlan-creditInsideIndianaBusiness-PostedDailyBusinessNews-MHProNewsRVMHHallofFameNorthernIndianaEventCenterExpansionPlan-creditInsideIndianaBusiness-PostedDailyBusinessNews-MHProNewsThe Elkhart, IN based RV/MH Hall of Fame has released more details this week about their plans for their Northern Indiana Event Center, Inside Indiana Business tells MHProNews.

RV/MH Hall of Fame staff projects they will triple the available space, to take advantage of the lucrative event-planning market.

Darryl Searer, President of the museums operator, RV/MH Heritage Foundation, expressed missed opportunities in upwards of $100,000 for the year, due to current limitations.

In addition to taking advantage of future prospects, the center will also provide a tourism boost for the region and local economy.

Searer further explained the internal benefits specific to the industry:

These plans will allow us to grow with the RV and Manufactured Housing Industries, as well as the greater Elkhart community to service the event center needs, office needs and the long-awaited Scoular Manufactured Housing Museum. These plans will also insure a positive cash flow to make certain the Hall will be here forever.”

Searer expressed that fundraising efforts will play a major role in financing the $8 to $10 million expansion budget, while outlining the optimistic goal of a 2020 opening.

The photo above is an overview of the proposed plans for the 40-acre property and you can see the virtual tour of the expansion at this link here.

MHLivingNews previously reported on the expansion while highlighting the RV/MH Hall of Fame Class of 2016 Inducted Gala Ceremony in a story linked here.  ##

(Image credit, RV/MH Hall of Fame and Inside Indiana Business.)

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Frank Griffin, Daily Business News, MHProNews.

Submitted to the Daily Business News by Frank Griffin, for MHProNews.

MH/RV Ranking moves to 7 on IBD Scale

November 3rd, 2015 Comments off

mh ready for shipment  wikipediaInvestors Business Daily (IBD) tells MHProNews that producers of manufactured homes and recreational vehicles have moved up the IBD rankings of 197 industry groups from 120th six weeks ago to the current 7th spot. Termed the Building-Mobile/Manufacturing & RV group, the MH/RV ranking was in the 89th spot just three weeks ago.

IBD specifically notes that Cavco Industries, Inc. (NASDAQ:CVCO), in their recent quarterly filing reported their $0.89 earnings per share was up 46 percent from a year ago, marking the largest gain in five years. Sales rose 38 percent to $192 million. As MHProNews reported in the stock market report of Fri., Oct. 30, Cavco’s stock skyrocketed 19.15 percent to close at $98.60, following the release of their financials. Cavco produces manufactured homes, park models, modular homes, vacation cabins and commercial modular structures.

IBD also notes that the quarterly results for Patrick Industries (NASDAQ:PATK) indicates the company posted earnings of $0.58 per share, up 29 percent from a year ago. Sales for Patrick rose 14 percent to $214.8 million. Acquisitions from the last two years has helped fuel growth. Patrick manufactures and distributes component products to the manufactured housing and recreational vehicle industries.

The Recreational Vehicle Industry Association (RVIA) reported last week that wholesale shipments of RVs hit 27,960 for the quarter, a rise of 12.4 percent from one year ago. ##

(Photo credit: wikipediacommons-manufactured homes ready for shipment)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.