Fleetwood Corporation Ltd. (ASX:FWD) of Australia produces manufactured and modular homes and buildings for residential, educational and commercial applications, and has a recreational vehicle division as well, according to dailyreckoning.au.
Although the report at the end of 2014 showed revenue had fallen 18 percent due to a weakness in the workforce housing sector for mining, since then Fleetwood has rebounded in the educational area, refurbishing, relocating and storing modular classrooms. Additionally, the revenue drop has also been offset by growth in the offsite residential market.
In May, FWD announced it had entered an agreement to become the exclusive supplier of manufactured homes for Gateway Lifestyle Group’s manufactured home communities (MHC) in Queensland and northern New South Wales.
Fleetwood seems well positioned to take advantage of baby boomers as they downsize and consider relocating into an MHC. In addition, as MHProNews understands, the demand is growing for modular classrooms, which should also improve the bottom line for Fleetwood. ##
(Photo credit: inte-nationalto-manufactured home community in Australia)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.