was a modular, kit or shell home manufacturer. The story goes that Walter started the company in Florida in 1946 with $1,000 that he borrowed from his father and sold it for $2 billion in 1986, having capitalized on the post-World War II building and baby boom. The company eventually went out of business in 2009.
Who owns Jim Walter Homes now?
13 — Jim Walter Corp., one of the nation’s largest home builders, will be taken private in a $2.43 billion leveraged buyout by the New York investment firm of Kohlberg Kravis Roberts & Co., the company said today.
What type of home is a Jim Walter home?
Jim Walter homes were “shell” homes, meaning the company would complete the outside so that the house was watertight, then allow the customer to finish the inside with their own labor.
What is Jim Walters net worth?
When his father died in January 2000, Walter inherited a fortune reported between $7–14.3 million; he says $11 million. Much of that has been spent on his campaigns.
Is it cheaper to build a house or buy a manufactured home?
Manufactured homes are much less expensive to build than site-built homes. A review of the manufacturing planning and building processes will explain why manufactured housing cost cheaper. HUD has promulgated construction and safety requirements that govern the construction of manufactured homes.
Are modular homes worth the money?
Modular Homes Are A Good Investment
Location, quality, good maintenance, landscaping, and no clutter can make a huge difference in selling your home at a reasonable price. Modular buildings can appreciate in value over time and are no different than stick built homes.
Who owns Walter Industries?
Walter Industries, which was taken private in a buyout led by Kohlberg, Kravis & Roberts in 1988, is a successor to the Jim Walter Corporation, whose founder, James W. Walter, remains chairman. The company said it had annual sales of about $1.3 billion and employed about 8,200 people.
Who is Jim Walters?
Walters, PhD. James Walters is a Professor of Ethics at Loma Linda University. Walters has served as a Seventh-day Adventist minister in Georgia and Southern California, as well as a former executive editor of Adventist Today.
When was the first mobile home made?
The Earliest Moveable Homes
In America, the first mobile homes were built in the 1870s. These were movable beach-front properties built in the Outer Banks region of North Carolina. The homes were moved by teams of horses.
What kind of business did Walter have in the 1970’s?
1969: Walter acquires U.S. Pipe and Foundry Company.
What is the best month to buy a mobile home?
So, when is the best time to actually buy a mobile home? Midsummer, the week of Thanksgiving, and pretty much any time in December are the opportunities for people shopping for a mobile home to see the least amount of competition.
What are the disadvantages of a manufactured home?
Cons:
Availability and cost of suitable land.Extra costs imposed by manufactured home community.Fewer choices and higher costs of financing.Fewer personalization options and amenities.Lingering stigma of mobile homes.Questionable long-term value;slower, if any, appreciation.
Are manufactured homes worth it?
Manufactured homes offer a housing option that doesn’t only involve less construction waste and better use of resources compared to conventional homes; they can also be equipped with intelligent, eco-friendly features like low-E windows, programmable thermostats, cool roofs, upgraded insulation and many more.
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