NOBH - Nobility Homes Is In A Position To Take Advantage Of Florida's Need For Affordable Housing
2024-06-20 10:03:08 ET
Summary
- Nobility Homes, Inc. has successfully navigated supply chain bottlenecks and price increases on building materials, leading to increased revenues, profit margins, and net income.
- Despite Florida's slowing population growth, there is still a high demand for affordable housing in the state.
- Nobility Homes builds manufactured housing and sells those homes primarily through its Prestige homes centers branded facilities, which are owned by the company.
Note from the Author: Nobility Homes, Inc. (NOBH) does not trade on a major stock exchange and therefore investors may be subjected to extra risks, including an inability to quickly sell a large position should the company begin to perform poorly. Please carefully consider all of the risks associated with trading over the counter companies before buying into a position. I had previously written a Seeking Alpha article on Nobility Homes, Inc. and recommend the reader also refer to that article for a more complete understanding of NOBH....
Nobility Homes Is In A Position To Take Advantage Of Florida's Need For Affordable Housing