industries we serve
manufactured and modular housing industry
These are homes built entirely in the factory, transported to the site, and installed under a federal building code administered by the U.S. Department of Housing and Urban Development (HUD). The Federal Manufactured Home Construction and Safety Standards (commonly known as the HUD Code) went into effect June 15, 1976. The federal standards regulate manufactured housing design and construction, strength and durability, transportability, fire resistance, energy efficiency and quality. The HUD Code also sets performance standards for the heating, plumbing, air conditioning, thermal and electrical systems. It is the only federally-regulated national building code. On-site additions, such as garages, decks and porches, often add to the attractiveness of manufactured homes and must be built to local, state or regional building codes.
A typical manufactured home costs 10 to 35 percent less than per square foot than a conventional site-built home. As a result, manufactured homes are an increasing alternative to first-time home owners looking for an affordable place to live. Because these homes are federally regulated and designed to be transported long distances, they are designed and built to withstand severe conditions. In addition, manufactured homes are built in a factory-controlled setting that can result in more energy-efficient homes.
While the manufactured housing industry may not see volume like the 1990s, it is still forecast to deliver over 100,000 homes in 2008. Furthermore, several tailwinds benefit the industry including baby boomers buying second homes, the demand for affordable housing for blue collar workers, and technology is blending the lines between site-built and manufactured houses as many of the amenities once only found in site-built are now found in manufactured homes such as vaulted ceilings, second stories, patios, and fully equipped kitchens.
recreational vehicle industry
The RV industry is a $14.7 billion per year industry. Over half of its production is built in the Elkhart/Goshen corridor in Northern Indiana. In 2006, shipments totaled 390,500 units. Industry experts forecast that 8.5 million households will own an RV by 2010, up from 7.8 million in 2005. Below are some factors behind the growth of the RV industry and why it is expected to remain strong in the future (source RVIA):
RV vacation costs remain lowest.
Three-fourths of RV owners said RV vacations cost less than other forms of vacation, even when fuel prices are higher. According to summer 2005 research by travel and tourism firm PKF Consulting, a family of four can spend 26-74 percent less on RV trips compared to other vacation types because of savings on hotels and restaurant costs.
IRS tax deduction.
For the vast majority of RV buyers, the interest on their loan is deductible as second home mortgage interest.
Lifestyle trends continue to spur demand for RVs.
In an age of over-scheduled families and busy lives, RV owners overwhelmingly said in recent surveys that their RV makes it easier to take more frequent weekend getaways or mini-vacations. According to a recent, 91 percent of RV owners planned three or more short trips (1-4 days) this past summer.
Population and demographic trends favor long-term RV market growth.
Buyers aged 35-54 are the largest and segment of RV owners, according to the 2005 University of Michigan study commissioned by RVIA. Every day, 11,000 Americans turn 50, according to U.S. Census figures.
Boomers nearing retirement.
RV sales will continue to benefit as aging baby-boomers continue to enter the age range in which RV ownership is highest. According to Dr. Richard Curtin, director of surveys at the University of Michigan, by the end of the decade, the number of consumers aged 50 to 64 will total 57 million - 38 percent higher than in 2000. Today one-in-10 vehicle-owning households in that age group own at least one RV.
RVs attractive to young buyers.
The fastest growing group of RV owners are young people ages 18-34. New products such as sports-utility RVs, as well as the industry's Go RVing campaign have helped attract younger buyers.
RV consumers have an array of product choices.
Approximately three-fourths of the market consists of towable RVs, including many lightweight designs. Manufacturers are introducing more small, fuel-efficient motorhomes.