Nobility Homes Inc
Nobility Homes is a Florida-based manufacturer and retailer of manufactured and modular homes. Through its own retail sales centers and wholesale channels, the company serves buyers across Florida with homes sold under brands such as Kingswood, Richwood, Tropic Isle, Regency Manor, and Tropic Manor.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueHomes sold through Prestige retail centers to end buyers for placement on owned land.
Homes sold to independent dealers and manufactured home communities.
On-frame modular homes, park models, and other specialty configurations.
Products
Reported · share of revenue- Manufactured Housing99.2 %
- Insurance Agent Commissions0.6 %
- Pre Owned Homes0.2 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Nobility sells primarily to individual homebuyers who purchase manufactured homes for placement on their own land, especially in Florida. It also serves manufactured home communities and independent dealers that buy homes for resale or for placement within community developments. A smaller related business supports customers with insurance and loan-originating services tied to home purchases.
Individuals buying manufactured homes through Prestige for placement on private land.
Retirees purchasing homes for leased-site communities in Florida.
Communities buying homes for on-site placement and resident occupancy.
Third-party dealers buying homes for resale in local markets.
Homebuyers using related insurance, warranty, and loan-originating services.
Strategy
Nobility’s strategy centers on serving Florida manufactured-housing demand through a vertically integrated model that combines manufacturing, retail sales, and wholesale distribution. It emphasizes model-home merchandising, local market reach, and financing access to convert affordable-housing demand into sales. The company also uses its product mix and retail network to address both family buyers and retirement-community buyers.
Retail centers are the main route to end buyers and drive brand visibility.
Buyer financing availability directly affects conversion rates in manufactured housing.
A broad model range helps match family and retirement demand patterns.
Wholesale sales diversify distribution beyond company-owned retail centers.
Geography
Nobility is centered in Florida, where it manufactures homes and operates ten retail sales centers through Prestige. Its retail footprint is concentrated in north and central Florida, with sales centers generally serving buyers within about 100 miles and located within 350 miles of the Ocala manufacturing facility. The company’s business is therefore closely tied to Florida housing demand, population trends, weather exposure, and local financing conditions.
Risks
Nobility is exposed to cyclical manufactured-housing demand, interest-rate sensitivity, and the availability of buyer financing, all of which directly affect retail traffic and order conversion. The business also faces supply-chain, labor, and weather-related risks because it manufactures in Florida and depends on materials, production workers, and local retail facilities. Competitive pressure is high in both retail and wholesale channels, and the company’s concentration in Florida increases exposure to regional economic and climate events.
Manufactured-home purchases often depend on financing, so higher rates reduce affordability and demand.
Exposure: Retail homebuyers
A limited lender base can prevent qualified buyers from completing purchases.
Exposure: Retail sales centers
Homes are built from materials and labor-intensive processes, so cost increases affect operations.
Exposure: Manufacturing operations
Hurricanes, flooding, and other events can damage facilities or disrupt sales activity.
Exposure: Manufacturing plant and retail centers
The industry has many manufacturers and retailers, limiting pricing power.
Exposure: Wholesale and retail channels
Accounting
Judgemental itemsHome-building costs change with materials and labor, so estimates affect gross margin and inventory carrying value.
Impact: Manufactured home inventory and cost of sales
Some homes are recognized when sold to end users, not just when delivered to a community or dealer.
Impact: Timing of revenue and earnings
Income from FRSA and Majestic 21 depends on loan amortization, maturity, and payoff patterns.
Impact: Other income and quarter-to-quarter volatility
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Last updated: 29/04/2026