Silverpoint Homes, a West Virginia-based company that specializes in the sale and construction of modular houses, is the new owner of the former Nationwide Homes of the Triad in Whitsett, North Carolina.

According to Triad Business Journal, this is the second location for Silverpoint Homes in the state, with the other located in Lincolnton. 

“Most of the business will remain the same as it has been for more than a decade. Silverpoint will continue to sell nothing but Nationwide Homes,” said Adam Peterson, general manager of Silverpoint’s Whitsett location.

“Silverpoint will retain former employees, including three sales representatives, a site coordinator and an administrator. We hire subcontractors for construction work, which includes building foundations, porches and completing interior work once a modular home has been placed.”

“We’re very busy,” said Peterson. “The real estate market is very good at the moment.”

Peterson also shared his thoughts on many people not understanding the difference between modular and manufactured homes, which included incorrect statements made by Peterson himself.

“Modular homes are built inside a factory in modules, which are then trucked to construction sites. Cranes are used to set the modules on permanent foundations. Construction of modular homes must comply with the N.C. Residential Building Code.” said Peterson.

“By comparison, manufactured houses are built on a non-removable steel chassis and are held to a less-stringent building code. They’re typically referred to as ‘mobile homes.’”

As Daily Business News readers already know, Mr. Peterson is making statements that are incorrect and require clarity.

Manufactured homes are held to strict federal HUD code for building standards, and they are also constructed in a factory. Also of note, a mobile home has not been constructed in the U.S. since June 15, 1976.

The misconceptions about “mobile homes” are, in most cases, a result of comments like those made by Peterson, which media outlets continue to run with.

Modern manufactured homes, as mentioned prior, are built to strict federal housing guidelines, and in many cases look, feel and function just like a site built or modular home.

Also of note, Peterson said, “the cost of buying a modular home is about 20 to 30 percent less than a similar site-built structure. Both appreciate in value and a modular home can be ready for occupancy in about three-to-five months.”

It should be noted that while modular homes offer savings over site built homes, manufactured housing is often 25 to 30 percent cheaper than modular housing, due to the extra costs related to onsite assembly.

For a detailed and accurate comparison of manufactured and modular homes, click here. ##

(Image credits are as shown above.)

Submitted by RC Williams to the Daily Business News for MHProNews.