Finance

Bidenomics Accelerates Death Of American Dream  As Housing Affordability Crisis Stokes Mobile Home Demand

Here’s our protection of the growth and bust of the RV trade:

The newest outcomes from the RV Industry Association’s June 2023 survey of producers discovered extra of the identical: “Total RV shipments ended the month with 24,095 units, a decrease of (-46.4%) compared to the 44,942 units shipped in June 2022. To date, RV shipments are down (-49.2%) with 164,830 units.” 

Rather than specializing in the continued RV downcycle — primarily the results of excessive borrowing prices which popped the demand bubble — we thought probably the most crucial information from this report is the continuing surge in demand for “Park Model RVs.” 

“Park Model RVs finished June up 7.7% compared to the same month last year, with 391 wholesale shipments,” RVIA mentioned within the report. 

What are Park Model RVs? Well… 

The most rational conclusion one could make in regards to the hovering cellular residence demand is probably the worst housing affordability disaster in a era has killed the ‘American Dream’ for a lot of. We detailed this in a be aware final week titled Starter Homes Are Becoming Extinct, Making ‘The American Dream’ Unaffordable.

Following two years of adverse actual wage development that has decimated the working poor and elements of the center class, coupled with tens of thousands and thousands of parents, have been priced out of the American Dream. It’s so evident that Home Depot now sells trailers known as “Gateway Pad.” 

Isn’t ‘Bidenomics’ Great? 

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