Recreational vehicles, better known as RVs, are no longer just for retired grandparents with wanderlust.
After a swan dive in the aftermath of the 2008 financial crisis, the RV industry is rebounding with ownership at the highest level in a decade. The increased interest in mobile living has sent shares of RV-maker Winnebago up in tandem, something that CEO Michael Happe says has plenty of room to go.
"The industry has now grown seven straight years in 2016 and we're about to set an all-time record high again," Happe told CNBC's "Power Lunch" this week. "The industry has rebounded to levels that have exceeded the previous highs."
Mobile home ownership is at its highest number since 2005, according to a report from the Recreation Vehicle Industry Association. Year to date, total RV shipments reached the highest starting number to any year since 2006, their second-best start since 1977, the RVIA added.
Sales of RVs climbed by more than 11 percent in the first quarter of 2016, according to the organization's March survey of RV manufacturers.