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Home My WebLink AboutMiscellaneous - 0 BERRY STREET 4/30/20180 � m w � 0< 2w 8k #a. 2ci 0 IL: q e k 9 � 9 0 2 k C4 @ � a ( oCL;8 §§ k■�2k� co >� S8 jFwm � 4) of o /k A _ R2luo� 2 \0 /&a k�$ $ «Ge §. ■�� kS zoo \ r ƒ ■MEOW . Z z Oz 12- 2� 0 (o cm Q 7 0)a >22 o:. �■ § \k . � 2 § 0 0a3 E ■ /2 E k B�E gg . �1 _cc � Q�� 0 2 p �. § IL L) a m mC� . f ® a � ' «oma># .m § 222§ a wwwwo J to ��■�� / � . �■ / to �oj ./ ca X n e D� & z 0 � � ■ U. >w - U. Q.J LU k LU J zj L_ �� e- \ A�� < � a ( mobile home Dictionary Directory > Words > Dictionary mokbile home (mA 'bETMI, -bA" 1', -Ovd) 40 n. A large trailer, fitted with parts for connection to utilities, that can be installed on a relatively permanent site and that is used as a residence. Also called manufactured home. O LV ONS Business Terms Directory > Business > Business Terms Mobile Home Dwelling unit manufactured in a factory and designed to be transported to a site and semipermanently attached. The preferred industry term is manufactured housing. 4 ! �f7[ S Real Estate Terms Mobile Home A dwelling unit manufactured in a factory and designed to be transported to a Site and semipermanently attached.Example: One option for low-cost housing is purchase of a mobile home, which generally costs much less than site -built housing. Mobile homes may be placed on the purchaser's lot or in a Mobile Home Park for a monthly rental. THOMSON 0 GALE � American Industries Directory > Business > American Industries Mobile homes (SIC 245 1) 2006 D BOARD Or' APPEALS This category covers establishments primarily engaged in manufacturing mobile homes and nonresidential mobile buildings. These units are generally more than 35 feet long, at least 8 feet wide, and often are equipped with wheels. Trailers that are generally 35 feet long or less, 8 feet wide or less, and with self-contained facilities are classified in SIC 3792: Travel Trailers and Campers. Portable wood buildings not equipped with wheels are classified in SIC 2452: Prefabricated Wood Buildings and Components NAICS CODE(S) 321991 (Manufactured Home (Mobile Home) Manufacturing) INDUSTRY SNAPSHOT After a decade of unprecedented growth in the 1990s, manufactured homes builders entered the new millennium with a thud, struggling through their worst time since emerging from the recreational vehicle industry in the 1960s. As the new millennium dawned, the largest manufactured home builders all reported a decrease in sales and profits resulting in closure of factories, industry layoffs, reduction in retail outlets, as well as the drying up of executive bonuses. In 2000, shipments of manufactured homes declined 28 percent to 250,550 and were down another 41 percent in the first quarter of 2001 compared to the same period of the previous year. Ninety manufactured home factories, about one quarter of all such factories, closed in 1999 and 2000 and several manufacturers were in bad shape financially, with one leading manufacturer filing for bankruptcy. A number of factors contributed to the downturn in the industry. The chief reason seemed to be the easy lending practices used to boost sales in manufactured homes. Lenders were allowing new buyers to acquire manufactured home with no money down and 20-30 year repayment periods, versus the traditional 12 to 15 years. This resulted in a plethora of unpaid debt and repossessions rose to an estimated 75,000 units in 2000. Repossessed homes went back on the market largely discounted, cutting deeply into new home sales, which plunged. Another factor was excess inventory, which at its height numbered 166,000 homes. The surge in growth in the late 1990s, which peaked with 373,000 shipments in 1998, caused a spurt of newly opened factories and retail outlets, which only added to the problem as demand lessened going into 2000. Finally, the tough economic climate in 2001 also affected the already beleaguered industry. However, improved quality and design, increased size, low prices, and desirable financing continues to draw new customers to manufactured homes. More upscale consumers were attracted to mobile homes than ever, with one survey reporting that some 20 percent of mobile home owners were earning $60,000 or more. Some manufacturers reported increased sales in late 2002 and hoped sales would continue to pick up into 2003. BACKGROUND AND DEVELOPMENT Travel trailers and campers Ir"OMSW IT- .JL -� GALE American Industries Directory > Business > American Industries Travel trailers and campers (SIC 3792) This industry consists of establishments primarily engaged in the manufacture of travel trailers and chassis and campers for attachment to motor vehicles, pick-up coaches and caps, covers and canopies for mounting on pick-up trucks, and tent camping trailers. This classification includes travel trailers of up to 35 feet long and 8 feet wide (with storage facilities for waste and water), but excludes mobile home manufacturers. Mobile home manufacturers are classified in SIC 3716: Motor Homes. NAICS CODE(S) 336214 (Travel Trailer and Camper Manufacturing) INDUSTRY SNAPSHOT In 1999 there were approximately 806 U.S. establishments in this industry. Most were private subsidiaries of companies that manufacture a range of recreational vehicles. Manufacturers of trailers and campers often incorporate chassis made elsewhere into their products; these chassis are produced by large automakers such as Ford Motor Co. and General Motors. Several factors contributed to the steady sale of travel trailers and campers, resulting in a modest growth at the end of the twentieth century. The popularity of outdoor recreation, particularly with the baby boomer generation as they approached retirement age, boosted recreational vehicle sales. The strong economy and booming stock market of the late 1990s sparked the industry's growth, as well. The value of shipments in 2000 rose to $6.2 billion, compared to $4.6 billion in 1997. BACKGROUND AND DEVELOPMENT Travel trailers and pick-up cabs were introduced in the early 1930s, with camper attachments entering the market in the late 1940s. The emergence of mobile homes, also in the late 1940s, shifted manufacturers' emphasis away from travel trailers and camper DEQ 4 2006 BOARD OF APPEALS attachments. While mobile homes dominated the recreational vehicle market in the 1950s and 1960s, the market for travel trailers and camper attachments continued to grow. The economic recessions of the 1970s and 1980s dramatically reduced sales and manufacturing in this industry. Also during that time, some travel trailer and chassis producers were negatively effected by recalls of their products; at one point, over 10,000 units of small mobile homes attached to Toyota pick-up truck chassis were recalled. Because the recreational vehicle field was increasingly competitive and crowded, the future for the industry was uncertain,. Some analysts felt that the continued development of other types of recreational vehicles boded ill for this segment of the transportation manufacturing industry. Richard Rescigno of Barron's, however, predicted that sales of small campers and travel trailers might actually improve through the 1990s, since such products were at the inexpensive end of the recreational vehicle market. Rescigno reasoned that such products would appeal to the growing number of retirees on limited incomes. Just as Rescigno had predicted, motor home sales rose sharply: retail figures went up by 19.4 percent from September 1992. Recreational vehicle (RV) trailers also posted a 15 percent gain in overall sales for September 1993. RV shipments increased by 2.7 percent from May 1993 to May 1994. The growth trend continued into the mid-1990s, with sales of RV trailers growing by 18.8 percent to 13,962 units for the first half of 1994. The continued growth trend was attributed to strong sales in the east north central and west north central regions of the United States. By the mid-1990s the state of Indiana had the distinction of being the RV capital of the world, producing 49.8 percent of all RVs in the country. According to the Tribune Business Weekly, the total retail value of the industry nationwide was $9.5 billion during that period, with $4.5 billion being generated from the production in Indiana. In June 1995, the Recreational Vehicle Industry Association (RVIA) gave its final approval to a RV weight -labeling requirement. Motor homes, travel trailers, fifth wheels, and folding camping trailers would be required to comply; truck campers and conversion vehicles were exempted from this requirement. CURRENT CONDITIONS America's increasing demand for travel trailers and motor homes continued into the late 1990s. This growth was attributed to the nation's aging population of baby boomers. People between the ages of 55 and 65 accounted for much the industry sales, which were expected to grow over the next 10 years. In 2000, shipments were reported at $6.2 billion, up from $5.9 billion in 1999, $5.2 billion in 1998, and $4.6 billion in 1997. Employment between 1997 and 2000 grew from 33,793 to 39,843. Production workers in 2000 numbered 33,092, compared to 27,382 in 1997. INDUSTRY LEADERS