Home prices are once again on the rise. According to a report by the United States Census Bureau, the average price of new home sales in May of this year was $337,000, marking the highest May average in recorded history. With statistics such as these in mind, Wisdom Homes of America, Inc. (OTCQB: WOFA) is working to make buying a home more affordable through the commercialization of readily-available manufactured homes in the Lone Star State.
In recent years, the market for manufactured homes has experienced tremendous growth, as more Americans are realizing the financial benefits of prefabricated housing options. In 2014, new manufactured home sales totaled approximately $4.1 billion, representing an increase of nearly 14 percent over the previous year. This surge can likely be attributed to the immense value offered by manufactured home solutions. According to WOFA’s website, home buyers can purchase a three bedroom, two bathroom home with vaulted ceilings and hardwood floors on a half-acre of prime real estate for just $120,000, which is a fraction of the average cost of comparable stick-built houses.
WOFA has leveraged the current condition of the housing market to post strong financial growth in recent months. In the second quarter of 2015, the company’s total revenue exceeded $1.2 million, and it expects to achieve revenues of at least $4 million by the end of the year. These results are particularly impressive when considering that WOFA has yet to complete its first full year of owning and operating home retail centers.
Moving forward, WOFA is in a strong strategic position to continue increasing its share of the national manufactured homes market. For prospective shareholders, the company’s early success in the retail distribution of prefabricated homes could foreshadow an opportunity to realize sustainable returns in the future. Look for WOFA to promote additional growth as it persists toward its goal of opening 30 retail centers in Texas and the surrounding states in the months to come.
For more information, visit www.wisdomhomesofamerica.com
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