Nobility Homes, Inc.

Company overview

• Florida corporation, incorporated in 1967.
• Designs, manufactures, and sells manufactured and modular homes.
• Operations conducted through Nobility and consolidated subsidiaries; Prestige Home Centers, Inc. is a wholly owned subsidiary that operates retail centers.
• Primary model: manufacture homes at Nobility’s Ocala, Florida plant and sell through Prestige retail centers and on a wholesale basis to independent dealers and manufactured home communities.

Product portfolio and models

• Approximately 100 active models marketed under the trade names Kingswood, Richwood, Tropic Isle, Regency Manor, and Tropic Manor.
• Home sizes range from 464 to 2,650 square feet, with 1 to 5 bedrooms.
• Floor plan formats and widths:
  • Single-wide: widths of 12, 14, and 16 feet; lengths 35 to 72 feet.
  • Double-wide: widths of 20, 24, 26, 28, and 32 feet; lengths 32 to 72 feet.
  • Triple-wide: width of 42 feet; lengths 60 to 72 feet.
  • Quad-unit configurations: two sections 28 feet wide (40–48 feet long) and two sections 28 feet wide (52 feet long).
• Construction and standards:
  • On-frame modular option available.
  • Approved to build ANSI park models under 400 square feet and exposure D homes.
• Typical retail prices range from approximately $90,000 to $250,000.

Manufacturing and supply chain

• Uses assembly line techniques to produce floors, sidewalls, end walls, roofs, and interior cabinets.
• Purchases components from multiple outside suppliers (axles, frames, tires, doors, windows, siding, plywood, insulation, appliances, etc.); not dependent on a single supplier.
• In fiscal 2025, experienced higher costs and production disruptions related to inflation, material shortages, backorders, price increases, and labor shortages.
• Production generally builds homes after order receipt; sales are subject to seasonal fluctuations with lower sales in the first fiscal quarter.

Sales, customers, and financing

• Prestige operates ten retail sales centers in north and central Florida.
• Prestige sales accounted for 80% of Nobility’s sales in fiscal 2025 and 88% in fiscal 2024.
• Substantially all sales are in Florida; Prestige centers are within approximately 350 miles of the Ocala plant.
• Prestige customers typically purchase homes to place on their own home sites; model homes are furnished and displayed for sales.
• Customers often order homes that ship directly from the factory to the site; model homes may be purchased from Prestige’s model home inventory.
• Prestige centers are located within roughly 100 miles of their selling lots for customer transactions.
• Wholesale channel: sells to about 30 manufactured home communities and independent dealers; two full-time salespersons handle wholesale.
  • Most independent dealers sell homes from multiple manufacturers.
  • Standard payment terms: most customers pay within 15 to 30 days of delivery; extended terms may be offered to high-volume community dealers.
  • Revenue recognition for some display/inventory arrangements occurs when end users purchase the homes.
• Financing: Prestige does not finance purchases directly. Financing has historically been provided by independent manufactured housing lenders and banks; Nobility and Prestige have no required recourse agreements with these financing sources.
• Insurance and related services: Mountain Financial, Inc. acts as an independent insurance agent and mortgage loan originator, providing insurance and extended warranty services to Prestige customers.
• Regulatory framework affecting sales includes HUD standards for manufactured homes (including wind resistance and formaldehyde-emission requirements), Florida Building Code for modular homes, transportation regulation for moving homes, and federal warranty and consumer protection rules. Nobility provides a one-year limited warranty on structural components.

Facilities and real estate

• Manufacturing facility: Ocala, Florida (3741 SW 7th Street), approximately 72,000 square feet on about 35.5 acres; corporate offices in an adjoining two-story structure.
• 2024 expansion: added an 11,900-square-foot frame shop in October 2024 to manufacture steel frames; frame production began February 2025.
• Prestige real estate: Prestige owns real estate at eight retail centers and leases two centers from unaffiliated parties. Owned centers include Ocala South, Ocala North, Auburndale, Inverness, Tavares, Panama City, Yulee, and Punta Gorda. Chiefland and Hudson are leased.

Workforce

• As of January 5, 2026:
  • Total full-time employees: 143
  • Prestige employees: 29
  • Factory personnel: 89 (up from 88 a year earlier)
  • Management/administrative/supervisory/sales/clerical: 54 (down from 62 a year earlier)
• Uses part-time staff as needed and has faced talent retention challenges in manufacturing.

Legal and risk

• Some claims and suits are pending in the ordinary course of business; management does not expect material adverse impact from these matters.
• Certain property is uninsured for casualty losses (inventory at retail centers, plant machinery and equipment), which presents a risk of loss.
• Inflation and labor shortages have affected material costs and production labor; the company monitors and adjusts selling prices accordingly.

Compliance and safety

• Compliance with HUD and state building codes, transportation rules, warranty laws, and consumer protection regulations is part of operations.
• The company emphasizes safety and maintains drug-free manufacturing operations, focusing on employee relations and workplace safety.