Meredith Whitney, CEO of Meredith Whitney Advisory Group, says the 21st Century ROAD to Housing Act will dramatically benefit the manufactured housing industry. She expects President Trump to ultimately sign the bill, which removes an outdated requirement for a chassis on manufactured homes, saving about $10,000 per unit. Whitney notes that manufactured housing is 35 to 50 percent cheaper than site-built housing and that HUD is also proposing legislation to allow multi-level manufactured homes. One industry association estimates annual shipments could rise from about 100,000 to 500,000 units, benefiting companies like Clayton Homes, Champion Home, and Sky.
Skyline CorporationSkyline Corporation is a manufactured home producer directly named as a beneficiary of the bill, which could boost shipments from 100k to 500k units annually.
Berkshire Hathaway IncBerkshire owns Clayton Homes, a major manufactured home builder that would benefit from increased shipments due to the bill.