Exhibit 99.1


                     FLEETWOOD REPORTS PRELIMINARY
               REVENUES FOR FISCAL 2007 SECOND QUARTER

Riverside, Calif., November 2, 2006 - Fleetwood Enterprises, Inc. (NYSE:FLE)
announced today preliminary revenues for the second quarter of fiscal 2007,
ended October 29, 2006.

Company revenues for the quarter were approximately $528 million, a decrease
of 16 percent from $630 million in last year's second quarter. Sales of
temporary housing for FEMA's disaster relief efforts in the second quarter of
the prior fiscal year were $60 million, evenly divided between the RV Group
and the Housing Group. Quarterly sales for recreational vehicles declined 7
percent, while manufactured housing revenues were off 34 percent. Excluding
FEMA revenues, Company sales were down 7 percent overall, with recreational
vehicle sales up slightly and manufactured housing sales down 24 percent.

Recreational vehicle sales for the second quarter were approximately $365
million versus $393 million a year ago. Motor home sales declined 7 percent,
travel trailer sales were down 12 percent, and folding trailer sales were up
18 percent. Motor home revenues were $230 million compared with $249 million
in the same period a year ago, travel trailer revenues were $105 million
compared with $119 million, and folding trailer revenues reached $30 million
compared with $25 million. Excluding prior year FEMA sales, the travel
trailer division's revenues were higher by 18 percent.

"As expected, motor home sales were impacted by concerns over fuel prices and
interest rates, although we are encouraged by more stable trends in both,"
said Elden L. Smith, president and chief executive officer. "If these trends
continue through the winter, we believe that prospects for the upcoming
spring selling season will improve considerably. We are also encouraged by
the performance of our '07 motor home product lineup, and expect that our
products will fully participate in any market resurgence.

"The decline in travel trailer revenues was created by last year's $30
million in emergency living units," Smith continued. "Prior year sales also
included a significant number of conventional units that were used in
disaster relief efforts, although the precise amount is impossible to
accurately quantify. We are pleased with the acceptance of our new '07
products, as evidenced by a modest improvement in the monthly retail market
share for the past several months. In addition, our travel trailer sales were
up about 25 percent over last year at the Pomona, Calif., RV show, which was
held at the end of October. This is especially encouraging because industry
trends seem to indicate an overall downturn for this market. We do expect
this weakness to add to the challenges facing this division, particularly as
discounting has become more prevalent. We are still in the early stages of
the travel trailer division's turnaround, but product acceptance is a vital
first step. It is also worth noting that the higher sales in our folding
trailer division are considerably above recent industry trends, indicating
that its number one market position has been further enhanced."

Preliminary second quarter manufactured housing sales decreased to $148
million from last year's second quarter sales of $225 million, which included
$30 million from the sale of disaster-relief units.

"The financing-driven slump in the manufactured housing industry continues,"
Smith said. "Recently, site-built financing terms have tightened
considerably, strengthening our expectation that our products, in turn, will
regain more of the economic advantage that had eroded with the liberal site-
built financing available in recent years. Year to date, Fleetwood's sales
have been off more than the industry as a result of weakness in some
geographic areas key to Fleetwood, the disposition of our Company-operated
retail stores, and the current lack of sales to some previously active
national community operators. We continue to add to our existing independent
retailer distribution network, which was disproportionately impacted in the
South and Gulf Coast regions by the sale of Fleetwood Retail Corp.

"Our strategy to work with builders and developers to provide modular homes
and to rebuild neighborhoods in the Gulf Coast region is proceeding as
planned," Smith continued. "In addition, we are a member of a consortium of
developers and contractors that has been awarded a few modest contracts to
build military housing. This is an area of significant opportunity we will
continue to pursue. These channel-marketing successes will be fulfilled at
least in part with modular construction, and we are expanding our modular
capabilities accordingly."

Fleetwood expects to announce its full results for the second quarter on
Thursday, December 7, 2006, and will hold a conference call to discuss the
results at 1:30 EST the same day.

"Lower overall sales and expenses related to continued operational changes,
combined with labor inefficiencies in our travel trailer division, created a
challenging environment in the second quarter," Smith concluded. "Also, there
has not been sufficient time for most of the cost-saving measures that were
recently implemented or announced to take full effect. As a result, we expect
to report an operating loss for the second quarter that significantly exceeds
that of the first quarter. We continue to adjust production levels and align
capacity where needed to match expected demand going into our seasonally
slower third quarter. We are privileged to serve two industries with
excellent potential, and we are continuing our efforts to position Fleetwood
to be a profitable provider of value-oriented recreational vehicles and
manufactured homes."

The Company also stated its intent to pay the distributions due on its 6%
securities on November 15, 2006.

About Fleetwood
Fleetwood Enterprises, Inc., through its subsidiaries, is a leading producer
of recreational
vehicles and manufactured homes. This Fortune 1000 company, headquartered in
Riverside, Calif., is dedicated to providing quality, innovative products
that offer exceptional value to its customers. Fleetwood operates facilities
strategically located throughout the nation, including recreational vehicle,
manufactured housing and supply subsidiary plants. For more information,
visit the Company's website at www.fleetwood.com.


This press release contains certain forward-looking statements and
information based on the beliefs of Fleetwood's management as well as
assumptions made by, and information currently available to, Fleetwood's
management. Such statements reflect the current views of Fleetwood with
respect to future events and are subject to certain risks, uncertainties, and
assumptions, including risk factors identified in Fleetwood's 10-K and other
SEC filings. These risks and uncertainties include, without limitation, the
lack of assurance that the Company will regain sustainable profitability in
the foreseeable future; the Company's ability to comply with financial
covenants on existing debt obligations and to obtain future financing needed
in order to execute its business strategies; the volatility of our stock
price; the impact of ongoing weakness in the manufactured housing market and
more recent weakness in the recreational vehicle market; the effect of global
tensions, fuel prices, interest rates, and other factors on consumer
confidence, which in turn may impact demand for Fleetwood's products; the
availability and cost of wholesale and retail financing for both manufactured
housing and recreational vehicles; repurchase agreements with floorplan
lenders, which could result in increased costs; the cyclical and seasonal
nature of both the manufactured housing and recreational vehicle industries;
potential increases in the frequency of product liability, wrongful death,
class action, and other legal actions; expenses and uncertainties associated
with the manufacturing, development and introduction of new products; the
potential for excessive retail inventory levels in the manufactured housing
and recreational vehicle industries; the highly competitive nature of our
industries; and lack of acceptance of Fleetwood's products.

                                 # # #