|Typical Palm Harbor Single Wide|
Now news is spreading that Champion Homes and Clayton Homes are both very interested in Palm Harbor. Will there be a bidding war? Probably. What will happen to Palm Harbor's major modular home producing entity, Nationwide Homes, one of the biggest and best on the East coast.?
Looking at who wants Palm Harbor might give you some clues. All three, Cavco, Champion and Clayton, the three biggest producers of single and double wide mobile homes in the US do not have strong modular home divisions. Their mods are simply a necessary evil that they must have in their portfolio and acquiring Nationwide Homes would mean that they must step up and help run a top of the line modular company. This probably will not be the case.
Here are a couple of scenarios that might happen. The winning bidder for Palm Harbor would sell Nationwide to a group of modular investors such as H.I.G. or a new home builder like New World Homes. They could also finance the sale of the company to the current management. Or Heaven forbid, they could close it or convert it to double wide production which would be the biggest crime hoisted on the modular housing industry in decades.
Nationwide Homes is known for primarily building affordable and upscale custom modular homes but in recent years has expanded into net-zero, vacation, in-fill and stand alone in-law and rehab modulars. Let's hope Nationwide Homes continues to be a great modular company and not just an also ran selling doublewides.