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Nobility Homes, Inc. Announces Sales and Earnings for Its First Quarter 2021


Nobility Homes, Inc. Announces Sales and Earnings for Its First Quarter 2021
OCALA, FL / ACCESSWIRE / March 12, 2021 / Today Nobility Homes, Inc. (OTCQX:NOBH) announced sales and earnings for its first quarter ended January 30, 2021. Sales for the first quarter of 2021 were $9,071,511 as compared to $9,443,852 recorded in the first quarter of 2020. Income from operations for the first quarter of 2021 was $1,224,066 versus $1,633,705 in the same period a year ago. Net income after taxes was $1,065,765 as compared to $1,400,141 for the same period last year. Diluted earnings per share for the first quarter of 2021 were $0.29 per share compared to $0.38 per share last year.
Nobility s financial position during the first quarter 2021 remains very strong with cash and cash equivalents, certificates of deposit and short term investments of $36,484,550 and no outstanding debt. Working capital is $39,420,939 and our ratio of current assets to current liabilities is 4.7:1. Stockhol ....

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Manufactured Housing Market to Reach $38.84 Bn, Globally, by 2027 at 6.5% CAGR: Allied Market Research


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PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ Allied Market Research published a report, titled,
Manufactured Housing Market by Number of section (Single Section, Double Section, and Multi-Section), by Location (Private Property and MH Communities), Application (Residential and Non- Residential): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global manufactured housing industry was estimated at $27.18 billion in 2019, and is anticipated to hit $38.84 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.
Drivers, restraints, and opportunities-
Growth in worldwide population, rapid urbanization, rise in government spending on residential construction, availability of mortgage loans, and surge in cost of residential constructions fuel the global manufactured housing market. On the other hand, fluctuations in price of raw materials and lack of skilled manpower impede the growth to some extent ....

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