Makers of RVs and motorhomes rallied on Monday, as investors anticipated higher demand in the wake of Hurricane Harvey’s destruction.
This story by Matthew Rocco originally appeared on Fox Business.
Harvey has caused massive flooding and stranded thousands along the Texas Gulf Coast, including Houston, the nation’s fourth-largest city. The Category 4 storm put homes and businesses under water, and officials continued to make water rescues on Monday.
Winnebago Industries surged 5.5 percent in recent trading. Thor Industries, whose brand portfolio includes Thor, Airstream and Jayco, rose 4.9 percent. Investors also bought up shares of LCI Industries and Patrick Industries.
CoreLogic said about half of Houston properties facing severe flooding may not be insuredOpens a New Window. . The group estimated that 52 percent of flooded homes and businesses are outside of designated flood zones.