Nobility Homes (OTCQX: NOBH) is a Florida-based manufactured housing company that designs, manufactures, and retails factory-built homes. Revenue comes from three channels: retail sales of new and pre-owned homes through company-owned sales centers operating under the Prestige Home Centers brand, wholesale sales of factory-built homes to approximately 30 manufactured home communities and independent dealers, and ancillary insurance and financial services through subsidiary Mountain Financial, Inc. Gross profit was $16,785,200 in fiscal year 2025 (32% of net sales), down from $17,424,077 (34% of net sales) in fiscal year 2024, with the margin decline driven by a higher mix of lower-margin wholesale sales relative to retail. The company competes against approximately 9 manufacturers of comparable homes among 18 total manufacturers selling in Florida as of the FY2025 10-K filing. Nobility operates in Florida exclusively, serving retail homebuyers and wholesale purchasers within manufactured home communities. The company has declared one-time annual cash dividends, including $1.25 per share for FY2024 and $1.50 per share for FY2023.

Revenue model

Transactional revenue from retail sales of new and pre-owned manufactured homes through company-owned Prestige Home Centers sales centers; wholesale transactional revenue from sales to independent dealers and manufactured home communities via two full-time salespersons; insurance agency commission revenue through Mountain Financial, Inc. for property and casualty, automobile, and extended warranty coverage placed with third-party underwriters; and a finance revenue-sharing arrangement with 21st Mortgage Corporation.

Products and services

Factory-built manufactured homes sold at retail and wholesale; pre-owned manufactured homes sold through company-owned retail centers; property and casualty insurance, automobile insurance, and extended home warranty coverage placed as agent through Mountain Financial, Inc.; mortgage loan origination services through Mountain Financial, Inc.

Customers and end markets

Retail homebuyers purchasing affordable manufactured housing in Florida; manufactured home communities purchasing homes on a wholesale basis; independent dealers purchasing homes wholesale. End market demand is sensitive to consumer confidence, affordability conditions, and interest rates. Florida industry shipments for November 2024 through October 2025 declined approximately 9% year-over-year per the Florida Manufactured Housing Association.

Value-chain role

Vertically integrated manufacturer and retailer: designs and produces homes at its manufacturing facility, sells through company-owned retail sales centers (Prestige Home Centers), and distributes wholesale to third-party dealers and communities. Also acts as insurance agent and mortgage loan originator for its retail customers.

Geographic exposure

Florida only, based on filing disclosures. All manufacturing, retail sales centers, and wholesale distribution activity described in the FY2025 10-K is within Florida.

Competitors

Approximately 9 unnamed manufacturers of comparable homes operating in the same Florida market area, out of 18 total manufacturers selling in Florida (per FY2025 10-K)

Source: SEC 10-K, filed 2026-01-30

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