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Legacy Housing Corporation is a mobile home manufacturer based in Bedford, Texas. They have manufacturing facilities in Commerce, Texas , Fort Worth, Texas , and Eatonton, Georgia . Legacy also directly sells homes through 13 retail stores and funds loans for their homes.
BEDFORD, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company,” NASDAQ: LEGH) today announced its financial results for the third quarter ended September 30, 2024. Financial Highlights. Net revenue for the third quarter of 2024 was $44.3 million, a decrease of 11.4% from the third quarter of 2023.
Legacy Housing (LEGH) delivered earnings and revenue surprises of 11.54% and 5.33%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
This page was last edited on 12 October 2024, at 05:12 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Manufactured homes, long known as mobile homes, are widely viewed as the last bastion of affordable housing. Millions of Americans own mobile homes but rent the ground beneath them.
Mobile homes are designed and constructed to be transportable by road in one or two sections. Mobile homes are no larger than 20 m × 6.8 m (65 ft 7 in × 22 ft 4 in) with an internal maximum height of 3.05 m (10 ft 0 in). Legally, mobile homes can still be defined as "caravans".
The community of more than 900 mobile homes, together housing roughly 2,000 to 3,000 people per the mayor's estimate, will close in May 2025 to make way for new affordable and workforce housing.
The MHINCC distinguishes among several types of factory-built housing: manufactured homes, modular homes, panelized homes, pre-cut homes, and mobile homes. From the same source, mobile home "is the term used for manufactured homes produced prior to June 15, 1976, when the HUD Code went into effect." [2] Despite the formal definition, mobile ...
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