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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (7458)6/8/1999 1:34:00 AM
From: TimbaBear  Read Replies (1) of 78652
 
The two main catalysts for the manufactured home industry are interest rates and Mother Nature....High Interest rates force low income people to buy more manufactured homes because their price point still allows them to qualify for the mortgage.

Mother Nature destroys a lot of manufactured homes....lowest cost land is often in low-lying, flood-prone areas; and tornadoes and hurricanes tear them up more easily than a block home....I used to sell manufactured homes, lived in one, was a finance manager for a mobile home dealership, hold a mortgage on one now, so I've got a passing familiarity :~}....I live in Florida and the predictions are for 50% more hurricanes this year than last.

I have been out of the business for about 7 years now, so I don't know how Clayton stacks up against some of the others as far as retail presence....Redman Homes and Nobility Homes seem to have a lot of volume down here.
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