James Shorten, an adviser to the firm headed by his grandfather in Dickson City, PA, just north of Scranton, said, “There was no light at the end of the tunnel, and we had to do it again. When you have cash flow of tens of millions of dollars it obscures problems. When things are great, you aren’t looking to make them better,“ he said. “When that money is gone, the problems become obvious and you have to fix them. In a recession, time is not on your side.“
Instead of just selling homes, they have built a sales team around a superior home-buying experience, the company has a new website, and last year they turned things around and began making money once again. Shorten says with continuing low interest rates, they anticipate a fantastic year in 2015. ##
(Photo credit: Modular Homes of Delaware)