Read Full Article here… www.yahoo.com

RV — or recreational vehicle — sales have been steadily rising for the last decade. But the numbers were supercharged by the pandemic. The big picture: Many Americans are taking advantage of newfound work flexibility and pivoting to van life. It slashes costs, takes “glamping” to a new level, and truly embodies the “work-from-anywhere” philosophy. Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free By the numbers: As of March 2021, 11.2 million U.S. households owned RVs, according to the Recreational Vehicle Industry Association. That’s up 26% since 2011. What’s even more striking is that 9.6 million additional households say they are considering buying an RV in the next five years, says Monika Geraci, communications director at RVIA. The reasons? Wanting to spend more time outside, to take advantage of teleworking policies, and to travel safely despite pandemic risks, she says. “People have just rediscovered the great outdoors, and that really spills over into the RV industry.” RV manufacturers are responding to the demand: October 2021 saw the production of a whopping 58,000 RVs in North America, Geraci notes. “That’s the most RVs ever built in a month.” The pandemic made the upsides of RV living obvious, says Karen Akpan, who sold her house and transitioned to full-time RV living with her husband and young son in — get this — February 2020. She homeschools her son. For her, the timing was just a lucky coincidence. But Akpan, who has been […]