Mod-u-kraf
Homes in
after the downturn in the economy. The building and manufacturing division
serves ten states.
WSLS 10 NBC in Roanoke/Lynchburg Va
“I think the customer base is certainly becoming more
confident in the economy. The banks tend to be a little more free with the
money then they been in the last four five year period and appraisal values are
stronger than they have been,” said Jason Wooldrige, the General Manger
and VP of operations. “I think over the last 5 to 6 years it’s been really
difficult but it seems like the last 18 months to two years are significant
improvement.”
Here are the number of homes the company built over the last
few years:
- 2007: 320 houses
- 2010: 98
- 2012: 187
- 2013: on pace to build 234. Year to date over last year they
have produced 24% more and have a backlog.
“We continue to experience a good steady stream of
walk-in traffic,” said James Seekford the retail division manager.
MOD-U-KRAF’s retail side is up too, also with a backlog.
They sell and build in
counties.
“It has continued to be one of the hotspots in our
region,” said Seekford who says they built ten single family homes last year
and will build thirteen this year. “We signed three contracts last week
and we’re starting to see people making those decisions.”
They say several years ago people were just spending the
minimum amount of money bare-bones if you will but now they’re spending more
money upgrading things like countertops to granite.
“The economy is still very touchy. We’ve seen signs of
improvements. The way most of us would sum it up is cautiously
optimistic,” said Wooldrige.
Pre-recession their sales revenue was $45 million a year and
this year they’re expecting a $25 million number.
