Wisdom Homes of America, an owner and operator of manufactured homes retail centers, has positioned itself to provide homebuyers the opportunity to purchase quality, affordable manufactured homes.
“We previously stated that our goal was to expand into land/home transactions, which is exactly what we’ve done. We’re now closing land/home transactions, and our 90 day pipeline of transactions is increasingly land/home sales, and that pipeline is growing. Land/home purchases represent greater revenue, better margins and a faster closing cycle,” stated Jim Pakulis, CEO of Wisdom Homes of America, Inc. “We’re scheduling an expansive market campaign to begin in early September focusing on land/home transactions.”
“In addition to offering home buyers the opportunity to purchase a new model home from our retail centers, we’re now aligning home buyers with selected residential lots and are working on getting them into their new homes,” stated Brent Nelms, President of Wisdom Homes Manufacturing of America, Inc., a subsidiary of Wisdom Homes of America. “We’ve also increased the number of mortgage lenders that we’re working with, allowing the home buyer greater financial mortgage options when purchasing a house, whether it’s a stand-alone or as a land/home package.”
The manufactured housing industry is growing. In 2014 the sales of new manufactured homes exceeded $4.1 billion up from $3.8 billion in 2013. And that number is estimated to reach $4.5 billion in 2015. The industry growth is driven by demand for quality, affordable housing. WOFA also sees an adjacent market opportunity of approximately $10 billion annually in real estate acquisition, site preparations, ancillary services, and lending and lease communities for the manufactured housing industry that requires financing capital.
For more information on the company, visit www.wisdomhomesofamerica.com
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