Insidermonkey reports while the stock of some of the nation’s largest traditional home builders rose tremendously in 2012, investors should pay attention to manufactured home companies. Specifically, while noting the MH industry is at a distinct disadvantage because of the government’s support of the mortgage purchase programs, nevertheless Clayton Homes’ revenue rose 2.7% in FY 2012 to $2.2 billion, while profit was up 40.7% to $159 million. Sun Communities, Inc., which operates 173 communities, reported revenues increased in 2012 8.7% over the previous year, while adjusted operating income rose 18.3%. As MHProNews has learned, the company laid out $180 million for acquisitions in 2012, and saw manufactured home sales increase five percent.
(Photo credit: ParkGuy)