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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