Shell Homes As Investment Tools

by David Jenyns on April 2, 2009

Trends in housing make for interesting investments. The shell home technique is opening up a broad and relatively untapped housing market. As between a shell home and a prefab, the former appears preferable. Leading the shell home field is Jim Walter Corporation, which accounts for more than half of all shell homes built in the U.S.


The outstanding growth of the shell home industry during the past five years has been accelerated by the new availability of financing for this type of house, since standard mortgage financing was not obtainable for incomplete housing. The lucrative shell home market has lured many companies into the field.

Leading the shell home field is Jim Walter Corporation, which accounts for more than half of all shell homes built in the U.S. Its homes are offered in various sizes, ranging in price from $1,000 to $3,000.

Jim Walter has compiled an outstanding growth record. In the fiscal year ending Aug. 31, 1960, it earned $3.5 million in selling 13,000 homes compared with only $393,000 on 3,015 units in 1956. That’s about 800 percent earnings growth in just four years or an annual growth rate of 200 percent.

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