Palm Harbor Homes, Inc.Addison, TX, United States (NASDAQ (GM): PHHM)

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Palm Harbor Homes Company Description

Palm Harbor Homes makes factory-built single- and multi-section manufactured, modular homes, and commercial buildings. Its homes are sold through some 95 company-owned retail centers and 150 independent dealers, builders, and developers. Palm Harbor Homes typically have two to five bedrooms; options include stone fireplaces, skylights, and whirlpool baths. In fiscal 2009, the company sold some 3,900 homes (average price: $73,000), a decline from the 7,900 sold in 2005. Subsidiary CountryPlace Mortgage offers conforming loans, while Standard Casualty Company provides home insurance. Palm Harbor operates nine manufacturing facilities; its homes are sold in about 30 states in the Southeast, West, and Midwest.

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The Company Description provides a historical perspective of Palm Harbor Homes's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Palm Harbor Homes's evolution in the marketplace.

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