The manufactured and modular business will take along time to recover. The HUD code homes sold for parks can't get financing and the IRC modular homes are still overpriced, in comparison to the resale market. Champion looks like it could go BK any day. No capital and limited working capital. They were really irresponsible to have purchased SRI in Canada when the dollar was at par to the Canadian, and when the market in Alberta had clearly already had peaked. Poor management.
A Prefabricated Future? [View article]