Palm Harbor Homes
Encyclopedia
Palm Harbor Homes is a manufacturer and marketer of factory-built homes. Palm Harbor Homes is one of the nation's largest builders of manufactured homes and modular homes. The company markets nationwide through vertically integrated operations, encompassing manufactured and modular housing, finance and insurance. Palm Harbor markets its homes through 87 company-owned model centers, 12 building centers and approximately 275 independent dealers, builders and developers in 27 states. Based in Addison, Texas
, a North Dallas suburb, Palm Harbor employs 2,900 workers nationwide.
Palm Harbor Homes was founded on December 31, 1977 by Chairman Emeritus, Lee Posey (1934–2008).
Palm Harbor's focus is the high-end, customized niche of the modular home
market. Four out of five homes produced in its 9 manufacturing facilities across the country are personalized or customized with owner-selected features.
Palm Harbor's vertically integrated marketing and manufacturing organization includes:
Nationwide Custom Homes is the Company’s modular home
subsidiary
and is based Martinsville, Virginia
. Nationwide has been building modular homes for over 50 years.
CountryPlace Mortgage is Palm Harbor’s finance subsidiary and offers origination and service capabilities to buyers of factory built homes as well as a variety of financing options including conforming loan
s.
Based in New Braunfels, Texas
the company's insurance subsidiary
, Standard Casualty Company, is a property and casualty insurer. For over 40 years, Standard has offered insurance packages specializing in manufactured homes.
Palm Harbor Homes is listed on the NASDAQ
stock exchange under the ticker symbol: PHHM
Addison, Texas
Addison is a city in Dallas County, Texas . The population was 14,166 at the 2000 census, and 15,737 according to a 2009 estimate. Addison is a northern suburb of Dallas...
, a North Dallas suburb, Palm Harbor employs 2,900 workers nationwide.
Palm Harbor Homes was founded on December 31, 1977 by Chairman Emeritus, Lee Posey (1934–2008).
Palm Harbor's focus is the high-end, customized niche of the modular home
Modular home
Modular buildings and modular homes are sectional prefabricated buildings or houses that consist of multiple modules or sections which are built in a remote facility and then delivered to their intended site of use...
market. Four out of five homes produced in its 9 manufacturing facilities across the country are personalized or customized with owner-selected features.
Palm Harbor's vertically integrated marketing and manufacturing organization includes:
Nationwide Custom Homes is the Company’s modular home
Modular home
Modular buildings and modular homes are sectional prefabricated buildings or houses that consist of multiple modules or sections which are built in a remote facility and then delivered to their intended site of use...
subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
and is based Martinsville, Virginia
Martinsville, Virginia
Martinsville is an independent city which is surrounded by Henry County, Virginia, United States. The population was 13,821 in 2010. The Bureau of Economic Analysis combines the city of Martinsville with Henry County for statistical purposes...
. Nationwide has been building modular homes for over 50 years.
CountryPlace Mortgage is Palm Harbor’s finance subsidiary and offers origination and service capabilities to buyers of factory built homes as well as a variety of financing options including conforming loan
Conforming loan
In the United States, a conforming loan is a mortgage loan that conforms to GSE guidelines.In general, any loan which does not meet guidelines is a non-conforming loan...
s.
Based in New Braunfels, Texas
New Braunfels, Texas
New Braunfels is a city in Comal and Guadalupe counties in the U.S. state of Texas that is a principal city of the metropolitan area. Braunfels means "brown rock" in German; the city is named for Braunfels, in Germany. The city's population was 57,740 as of the 2010 census, up 58% from the 2000...
the company's insurance subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
, Standard Casualty Company, is a property and casualty insurer. For over 40 years, Standard has offered insurance packages specializing in manufactured homes.
Palm Harbor Homes is listed on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
stock exchange under the ticker symbol: PHHM