Sanford, NC -- (SBWIRE) -- 09/27/2011 -- The past decade has had some pretty incredible highs and lows in the modular home industry. The technology involved in building a modular home has advanced by leaps and bounds.
The new eco-friendly methods and materials are impressive in their ability to save both energy and money. Despite these highs, many modular home builders have suffered and closed in the recession but against the odds, Homes by Vanderbuilt has bucked this trend.
Changes in the economy and changes in the financial industry put incredible stress on the modular home industry as a whole. Banks were forced to eliminate many of the options that builders used to finance the high cost of building multiple models for display.
Called “floorplan financing”, these options are lines of credit that builders use to keep fresh, new modular models on display. The disruption in the banking industry has made securing this type of financing increasingly difficult. Banks are only offering affordable floorplan financing to businesses that have a long-standing history of healthy credit and sound financial decision-making.
Many builders did not have the financial stability needed to maintain their floorplan financing and were not able to keep up their displays. They were forced to reduce their inventory or leave models to become badly outdated in features and decor. This contributed to serious declines in sales and the demise of many builders. More than 70% of home builders have failed during the past seven years.
Homes by Vanderbuilt has succeeded in spite of the negative industry trends. This company has retained its solid standing in financial circles, kept its large model center up to date and has even expanded its award-winning display. The beautiful model center at Homes by Vanderbuilt boasts nearly three dozen fully-decorated homes for visitors to browse.
No other builders can match this display center in size or quality. It remains the largest display of its kind in the US. In addition to the many models on display, Homes by Vanderbuilt also offers a large variety of choices for homebuyers. There are over 150 home plans available in many different pricing categories.
Homes by Vanderbuilt’s modular homes feature the more exciting trends in the industry. All of their homes surpass Energy Star standards and even more eco-friendly choices are available through the Xtreme Green product line.
Homes by Vanderbuilt continues to uphold its tradition of leadership and strength in the industry, even in these unfavorable economic conditions. For more than a quarter of a century, this company has consistently met and surpassed its customers’ expectations for quality, value and service. Regardless of negative industry trends, this company will continue to thrive well into the future.
Homes by Vanderbuilt is located in Sanford, North Carolina and its showrooms offer more than 100 floor plans from which to choose. For more information on floorplans or to schedule a visit to one of their showrooms, visit: http://www.ncmodulars.com