If you own an RV, where do you park it?
As reported by Yahoo Finance, that’s a question that real estate developers are taking very seriously. So much so that in hot retirement markets across states like Nevada, Arizona and Florida, developers are seizing the opportunity to cater to the niche audience of RV owners.
After RV shipments dropped to a 30-year low in the downturn of the late 2000s, demand is stronger than ever, says Pete Reeb, principal at California-based John Burns Real Estate Consulting.
In fact, the demand for RVs is insatiable: There will be a record number of RV shipments this year, according to the Recreational Vehicle Industry Association (RVIA). We haven’t seen these levels since the late 1970s. RVIA estimates that over 400,000 RVs will ship in 2016. Currently, there are about 9 million RVs on the road in the US, and an estimated 8% to 9% of all US households now own an RV.
This translates to a red-hot opportunity for real estate developers and homebuilders.
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