Saturday, October 13, 2012

Method Homes is Washington State's Fastest Growing Business

With the housing industry still struggling to recover from the recession, it may be surprising that the fastest-growing private company in Washington state this year is a modular home builder. 

Revenue for Seattle-based Method Homes grew by 784.6 percent, to $4.6 million in 2011 from $520,000 in 2009, putting the company at the top of the Puget Sound Business Journal’s list of 100 Fastest-Growing Private Companies. Is that the retail price of the finished home or the cost of the modular units FOB the factory? Makes a huge difference!

To spur that growth, Method Homes took advantage of the opportunities in an under-served niche market to create new lines of modular homes. 

I can only assume they have a marketing plan. If only the vast majority of other modular factories and builders also had marketing plans, maybe the entire modular housing industry would begin be the type of homes more Americans would want to build.

The one thing you will notice is that they are building their homes on cribbing. In order for them to win the honor next year, they will have to either build another factory or (heaven help us) move to a factory where Henry Ford is waiting to show them the efficiency of a production line.

Here is a brief photo history of their M2 cabin model being built.

1 comment:

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