Cavco teams up with private equity money to buy assets, including an idled plant, from the company during bankruptcy reorganization.
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Hidden source for saving additional dollars can be found in waste in product and process.
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The factory-built housing explores new markets and energy efficiency to survive.
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The industry’s second-largest manufactured home supplier needed breathing room to reconsider a debt-for-stock swap that was impeding its recapitalization efforts.
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Ever the optimists, a clear majority—55 percent—of the 744 home builders who responded to our “State of the Industry” survey say 2008 is the year the downturn hits bottom and the industry begins to recover.
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For builders, the current market conditions are no game and the stakes are nothing less than survival. You can’t afford to drop the ball because there just aren’t that many opportunities right now to put points on the board. That’s why it’s critical to master the fundamentals of the business: hiring and hanging on to good employees, holding a customer’s hand through the sales process, controlling your jobsite, and building customer satisfaction through warranty service.
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