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Posts Tagged ‘recreational vehicle rv’

Drew Industries Makes the Grade

September 25th, 2013 Comments off

Combining the manufactured housing (MH) and recreational vehicle (RV) industries together, investors.com ranks the combination 19th out of 197 industry groups that Investors Business Daily (IBD) tracks. The group has seven members but only three are significant, MHProNews has learned. Manufactured housing’s sister business Thor Industries (THO) ranks number one, followed by Winnebago Industries (WGO) in the second spot, and Drew Industries (DW) fills out the third position due to its strong earnings growth over the last three years. Through its subsidiaries, Lippert Components, Inc. and Kinro, Inc., Drew supplies components to the MH and RV industries. Drew closed up in today’s trading, +0.32% to end the session at 43.84.

(Image credit: Drew Industries, Inc.)

Nominations for RV/MH Hall of Fame Due

September 12th, 2013 Comments off

The Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame (Hall) Selection Committee is actively seeking nominations for the class of 2014. Darryl Searer, Hall president, said, “The Hall welcomes nominations from all RV and manufactured housing sectors — manufacturers, dealers, campgrounds, housing communities, suppliers, user groups, trade media, associations, etc.” The nominee must have been involved in either industry for at least 25 years. Hall Chairman Barry Cole said, “Time is running out for nominations to the Hall’s Class of 2014, so I urge my colleagues to honor their friends and co-workers by submitting their nominations before the October 31 deadline.” MHProNews understands the nomination process has been streamlined by the Board of Directors. For more information, click here please.

(Photo credit: RV/MH Hall of Fame)

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)

 

When is a Manufactured Home not a Dwelling?

July 17th, 2013 Comments off

The definition of a dwelling in the Sussex County Code in southern Delaware is, “A building or portion thereof containing cooking and housekeeping facilities, designed or used exclusively for residential occupancy…,” but it excludes hotels, motels, lodges, tourist courts as well as manufactured housing (MH). An editorial in capegazette.villagesoup asks why MH is not included, above all in light of an ongoing discussion of a recreational vehicle (RV) community proposed for Massey’s Lake. The code has attracted attention since attorneys for the development say residents of manufactured homes are not entitled to the same protection as other homeowners. Inconsistent in the code, ordinance 2512 refers to manufactured and modular homes as dwellings, MHProNews has been informed. The editorial states: “Everyone who lives full time in a residential structure deserves equal protection under county code no matter how the home was built.”

(Photo credit: Ron MacArthur/capegazette–Rehoboth Shores near Long Neck Del.)

New Company Operates Senior Manufactured Home Communities

July 12th, 2013 Comments off

Carefree Communities, Inc., a new company created by Centerbridge Capital Partners II, LP, has acquired National RV Communities, which owns and operates 61 senior manufactured home (MH) and recreational vehicle (RV) communities, mostly in Fla. but also in six other states and Canada. Carefree is a private REIT (real estate investment trust) with 16,000 homesites in 65 communities, as MHProNews has learned from PRNewswire. Centerbridge is a private investment firm headquartered in New York City with $20 billion under management.

(Photo credit: mhvillage–Lake Village, Nokomis, Fla.)

Drew Draws Top RV Industry Number

July 8th, 2013 Comments off

Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 percent return on assets and Thor Industries with a 10.26 percent. According to Benzinga, Drew had $4.03 million in cash for the most recent quarter. As MHProNews, Drew is also a major component supplier to the manufactured housing industry.

(Image credit: Drew Industries, Inc.)

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)

Drew’s Kinro Acquires Agile

July 16th, 2012 Comments off

RVDailyReport says Kinro, Inc., a subsidiary of Drew Industries, Inc. and supplier of components for the recreational vehicle (RV) industry, announces that it has acquired the thermoforming design and production operation of Agile Vehicle Modifications, which produces plastic components for the original equipment manufacturer (OEM) and the aftermarket industry. Acquisition price was $300,000 with an additional $150,000 possible depending upon sales for one year. Agile has revenues of under $1 million. Kinro is based in Elkhart, Indiana and will lease Agile’s existing facility, also in Elkhart. MHProNews.com knows Drew supplies a wide array of components for the RV and MH industries.

(Image credit: Drew Industries, Inc.)

MH Component Maker Adding Jobs

March 15th, 2012 Comments off

Drew Industries, Inc. subsidiaries Kinro, Inc. and Lippert Components, Inc. announce their employee base has grown to 4,541 nationwide, a 15 percent jump since Aug. 2011. Most of the new 750 jobs were in their home base Elkhart County in northern Indiana, according to RVBusiness. Last month alone they added 110 jobs. CEO of Lippert Jason Lippert attributes part of the growth to recent acquisitions, and part to garnering more market share in products such as specialty trailer components, entry doors, motorized chassis stretching, and awning and slide-out mechanisms. Drew Industries is one of the largest manufacturers of components for the manufactured housing and recreational vehicle (RV) markets. MHProNews.com has learned for the 12 months ending Dec. 31, 2011, the RV segment accounted for 84 percent of net sales, while manufactured housing was 16 percent. Drew has 31 production facilities across the nation.

(Graphic credit: Lippert Components Inc.)