Manufactured Housing a Bright Spot in Market

Manufactured Home For Sale Photo by Eric MillerFrom The Globe and Mail, we find a story depicting manufactured housing a bright spot in an otherwise gloomy housing market. According to the article, manufactured housing shipments in January rose to 60,000 on a seasonally adjusted annual rate, up 33 per cent over last year, but still off highs of some 200,000 a year. The article also looks at share prices of manufactured housing stocks showing share price spikes at Skyline Corp and Nobility Homes. It is a spring off a low base, however. Quarterly revenues at Skyline, the article points out, were once as high as 120-million but are now at about $45-million.

(Image Credit: Eric Miller)

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