Nobility Homes Inc's Business Segments

Nobility Homes, Inc., a Florida corporation incorporated in 1967, designs, manufactures and sells a broad line of manufactured and modular homes through its own retail sales centers throughout Florida. Nobility also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities.

Nobility’s homes are available in approximately 100 active models sold under the trade names “Kingswood,” “Richwood,” “Tropic Isle,” “Regency Manor,” and “Special Edition.” The homes, ranging in size from 431 to 2,650 square feet and containing from one to five bedrooms, are available in:

• Single-wide widths of 12, 14 and 16 feet ranging from 35 to 72 feet in length;

• Double-wide widths of 20, 24, 26, 28 and 32 feet ranging from 32 to 72 feet in length;

• Triple-wide widths of 42 feet ranging from 60 to 72 feet in length; and

• Quad-unit with 2 sections 28 feet wide by 48 feet long and 2 sections 28 feet wide by 52 feet long.
Our floor plans can be built as an on-frame modular home. We have been approved to build A.N.S.I. Park models under 400 square feet and exposure D homes.
Nobility’s homes are sold primarily as unfurnished dwellings ready for permanent occupancy. Interiors are designed and color coordinated in a range of decors. Depending on the size of the unit and quality of appliances and other appointments, retail prices for Nobility’s homes typically range from approximately $30,000 to $100,000. Most of the prices of Nobility’s homes are considered by it to be within the low to medium price range of the industry.

Nobility’s manufacturing plant utilizes assembly line techniques in manufactured home production. The plant manufactures and assembles the floors, sidewalls, end walls, roofs and interior cabinets for their homes. Nobility purchases, from outside suppliers, various other components that are built into its homes including the axles, frames, tires, doors, windows, pre-finished sidings, plywood, ceiling panels, lumber, rafters, insulation, gypsum board, appliances, lighting and plumbing fixtures, carpeting and drapes. Nobility is not dependent upon any one particular supplier for its raw materials or component parts, and is not required to carry significant amounts of inventory to assure itself of a continuous allotment of goods from suppliers.
Nobility generally does not manufacture its homes to be held by it as inventory (except for model home inventory of its wholly-owned retail network subsidiary, Prestige Home Centers, Inc.), but, rather, manufactures its homes after receipt of orders. Although Nobility attempts to maintain a consistent level of production of homes throughout the fiscal year, seasonal fluctuations do occur, with sales of homes generally lower during the first fiscal quarter due to the holiday season.

The sales area for a manufactured home manufacturer is limited by substantial delivery costs of the finished product. Nobility’s homes are delivered by outside trucking companies. Nobility estimates that it can compete effectively within a range of approximately 350 miles from its manufacturing plant. Substantially all of Nobility’s sales are made in Florida.

Nobility Homes Inc. is a manufacturer and retailer of manufactured and modular homes, primarily catering to the housing market in the United States. With a focus on quality, affordability, and innovation, the company offers an array of products and services designed to meet diverse customer needs in home ownership.

Segments

1. Manufactured Homes: Nobility Homes specializes in the production of manufactured homes, which are built in a controlled factory environment and then transported to the site. This segment focuses on high-quality construction and energy efficiency, addressing both modern aesthetics and functional living space requirements.

2. Modular Homes: The company also offers modular homes, which are constructed in sections and assembled on-site. This segment appeals to consumers looking for customizable living spaces, allowing for various floor plans and designs.

3. Recreational Vehicle (RV) Homes: Nobility extends its offerings to include RV homes, catering to the growing market of mobile and seasonal living accommodations. These homes blend the features of traditional housing with the portability of RVs, appealing especially to retirees and vacationers.

Products

1. Single-Section Homes: These are compact homes often best suited for small families or individuals. They are designed with efficient use of space while maintaining comfort and living quality.

2. Multi-Section Homes: These larger homes include multiple sections, offering more extensive living spaces, accommodating larger families or those seeking more room for expansion and comfort.

3. Custom Homes: Nobility provides the option for customized homes tailored to individual preferences, allowing for choices in layout, fixtures, and finishes.

4. Energy-Efficient Models: A significant line of Nobility products features energy-efficient designs, utilizing advanced building techniques and materials to reduce energy consumption and promote sustainable living.

5. Multi-Family Housing Units: Nobility also explores options for multi-family living, providing housing solutions for developers and investors interested in creating affordable housing communities.

Services

1. Home Financing Assistance: Nobility Homes offers resources and guidance to assist customers in navigating the home financing process, which may include partnerships with financial institutions to provide loans tailored for manufactured home purchasers.

2. Site Preparation: The company often provides or partners with local contractors to prepare the site for home installation, ensuring that necessary groundwork, utilities, and inspections are adequately managed.

3. Delivery and Installation: Nobility manages the logistics of delivering and setting up homes on-site, ensuring that assembly and utility connections are performed by trained professionals.

4. Customer Support and Warranty Services: After purchasing a home, customers can rely on Nobility’s customer support for maintenance issues, warranty claims, and general inquiries about their homes.

5. Community Development Guidance: Nobility not only sells homes but can also assist in community planning and development, helping to create affordable housing options within planned communities.

International Operations

While Nobility Homes primarily operates in the United States, the company occasionally explores international markets for potential expansion. This could involve studying international demand for manufactured homes, considering partnerships or export opportunities in countries with emerging housing needs. The international market may provide opportunities in regions looking for affordable housing solutions, as manufactured homes can often fulfill this requirement efficiently.

Conclusion

Nobility Homes Inc. maintains a strong presence in the manufactured and modular home industry by focusing on diverse product offerings and comprehensive services. From affordable single-section homes to customized modular designs and RV accommodations, the company addresses a wide array of housing needs. Its commitment to customer service, energy efficiency, and potential international market exploration positions it as a competitive entity in the housing sector. The continuous evolution of its product lines and services reflects an understanding of consumer preferences and market trends, ensuring ongoing relevance in the marketplace.