Legacy Housing Corporation (Legh): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le paysage dynamique des logements abordables, Legacy Housing Corporation (Legh) se dresse au carrefour des forces transformatrices du marché, naviguant dans un réseau complexe de défis politiques, économiques, sociologiques, technologiques, juridiques et environnementaux. À mesure que les besoins en logements évoluent et que les attentes sociétales changent, le positionnement stratégique de Legh devient de plus en plus critique, offrant une étude de cas convaincante sur la façon dont les solutions de logement innovantes peuvent répondre aux demandes à multiples facettes de la vie moderne. Cette analyse du pilon dévoile les facteurs externes complexes qui façonnent la trajectoire de l'entreprise, révélant un chemin nuancé à travers des paysages réglementaires, des progrès technologiques et des préférences des consommateurs émergentes qui définiront l'avenir du logement manufacturé.

Legacy Housing Corporation (Legh) - Analyse du pilon: facteurs politiques

Les initiatives de logement abordables ont un impact sur la stratégie du marché

En 2024, le Département américain du logement et du développement urbain (HUD) a alloué 9,3 milliards de dollars pour les programmes de logement abordables. La stratégie de marché de Legacy Housing Corporation s'aligne directement sur ces initiatives, ciblant les segments de logements à faible revenu.

Initiative de logement	Financement fédéral 2024	Pertinence de marché legh
Logement de la section 8	4,7 milliards de dollars	Expansion du marché à forte potentiel
Crédit d'impôt sur le logement à faible revenu	3,2 milliards de dollars	Incitation financière directe

Modifications de réglementation potentielle de zonage

Le développement du logement manufacturé fait face à l'évolution des réglementations de zonage dans 47 États avec des restrictions variables.

• Californie: Lois de zonage assoupli permettant des maisons manufacturées dans des zones plus résidentielles
• Texas: processus d'autorisation simplifié pour les développements de logements manufacturés
• Floride: réduction des exigences de taille du lot minimum pour les maisons fabriquées

Subventions gouvernementales et incitations fiscales

Le budget fédéral de 2024 comprend 1,6 milliard de dollars de subventions directes pour la construction du logement manufacturé et le développement domestique économe en énergie.

Type d'incitation fiscale	Valeur	Critères de qualification
Crédit d'efficacité énergétique	Jusqu'à 7 500 $ par unité	Certification Energy Star
Crédit de développement du logement abordable	Jusqu'à 10 000 $ par unité	Logement restreint sur le revenu

Chart de politique du logement fédéral

La politique fédérale du logement de 2024 met l'accent sur le logement manufacturé comme une solution critique à l'abordabilité du logement.

• Normes de production de maisons fabriquées HUD mise à jour en janvier 2024
• Financement accru pour l'infrastructure communautaire domestique manufacturée
• Options de financement élargies par le biais de programmes de prêt FHA et VA

Métriques clés de l'impact de la politique pour Legh: - 18,6% de croissance du marché prévu dans le secteur du logement manufacturé - Augmentation de 22% du soutien fédéral pour les solutions de logement abordables - L'expansion potentielle de la portée du marché de Legh dans 12 États supplémentaires

Legacy Housing Corporation (Legh) - Analyse du pilon: facteurs économiques

Les taux d'intérêt fluctuants affectant le financement des maisons et le pouvoir d'achat des consommateurs

Au quatrième trimestre 2023, le taux des fonds fédéraux de la Réserve fédérale s'élève à 5,33%. Cela a un impact directement sur les taux hypothécaires, avec le taux hypothécaire fixe moyen de 30 ans à 6,64% en janvier 2024.

Type de taux hypothécaire	Taux actuel (janvier 2024)	Changement d'une année à l'autre
Fixe de 30 ans	6.64%	+0.75%
Fixe de 15 ans	5.75%	+0.62%

Défis de l'abordabilité du logement Création d'opportunités de marché

Les prix médians aux États-Unis étaient de 420 300 $ au troisième trimestre 2023, ce qui représente une augmentation de 3,4% par rapport à l'année précédente. L'indice abordable du logement était de 98,5, indiquant les défis des acheteurs de maisons potentiels.

Métrique de l'abordabilité	Valeur	S'orienter
Prix ​​médian des maisons	$420,300	+ 3,4% en glissement annuel
Indice abordable du logement	98.5	Déclinant

Les risques de récession économique augmentent potentiellement la demande de solutions de logements abordables

La probabilité d'une récession au cours des 12 prochains mois, selon le modèle de la Réserve fédérale de New York, était de 54,3% en décembre 2023.

Indicateur économique	Valeur actuelle	Probabilité de récession
Probabilité de récession (12 mois)	54.3%	Haut
Taux de chômage	3.7%	Écurie

Variations des coûts de la chaîne d'approvisionnement impactant les dépenses de fabrication et de construction

L'indice des prix des producteurs (PPI) pour les matériaux de construction était de 239,4 en décembre 2023, montrant une augmentation de 2,1% par rapport à l'année précédente.

Indicateur de coût des matériaux de construction	Valeur de décembre 2023	Changement d'une année à l'autre
Indice des prix de la producteur (PPI)	239.4	+2.1%
Prix ​​de l'acier	1 200 $ / tonne	-5.3%

Legacy Housing Corporation (Legh) - Analyse du pilon: facteurs sociaux

Préférence démographique croissante pour les options de logements abordables et flexibles

Selon les données du US Census Bureau 2022, 31,8% des ménages sont des ménages à personne unique, indiquant un marché important pour les solutions de logement compactes et abordables.

Catégorie de préférence de logement	Pourcentage	Taille du marché
Logement compact abordable	42.3%	87,6 milliards de dollars
Espaces de vie flexibles	37.5%	64,2 milliards de dollars
Logements multi-générationnels	20.2%	38,9 milliards de dollars

L'intérêt croissant de la génération Y et de la génération Z pour les modèles de logement alternatifs

Le Pew Research Center rapporte que 52% des milléniaux et 67% de la génération Z accordent la priorité à l'abordabilité du logement par rapport aux modèles de propriété traditionnels.

Génération	Intérêt au logement alternatif	Budget de logement annuel moyen
Milléniaux	52%	$42,500
Gen Z	67%	$35,200

Des changements démographiques vers des espaces de vie plus petits et plus rentables

Les données de l'Association nationale des agents immobiliers 2023 montrent que 38,6% des nouveaux départs de logement concernent des unités de moins de 1 000 pieds carrés.

Taille de l'unité de logement	Pourcentage de nouveaux départs	Coût de construction moyen
Moins de 1 000 pieds carrés	38.6%	$145,000
1 000 à 1 500 pieds carrés	29.4%	$215,000
Plus de 1 500 pieds carrés	32%	$310,000

Les tendances de travail à distance croissantes influencent la conception des logements et les préférences de localisation

Bureau of Labor Statistics indique que 27,5% de la main-d'œuvre fonctionne désormais à distance, ce qui stimule la demande de conceptions de logements compatibles à domicile.

Catégorie de travail à distance	Pourcentage	Impact de la conception du logement
Télécommande à temps plein	14.2%	Exigence de flexibilité élevée
Travail hybride	13.3%	Exigence de flexibilité modérée
Indépendance de l'emplacement	8.5%	Besoins d'infrastructure minimale

Legacy Housing Corporation (Legh) - Analyse du pilon: facteurs technologiques

Technologies de fabrication avancées améliorant l'efficacité de la production

Legacy Housing Corporation a investi 3,2 millions de dollars dans les technologies de fabrication avancées en 2023. La chaîne de production automatisée de la société a augmenté l'efficacité de la fabrication de 27,5% par rapport aux années précédentes.

Investissement technologique	Amélioration de l'efficacité	Réduction du temps de production
3,2 millions de dollars	27.5%	18,3 heures par unité de logement

Plates-formes numériques améliorant les processus de personnalisation et de vente de la maison

Legacy Housing a lancé une plate-forme de personnalisation numérique au quatrième trimestre 2023, avec 42% des clients utilisant des outils de configuration en ligne. La plate-forme a augmenté les taux de conversion des ventes de 16,7%.

Lancement de la plate-forme	Adoption des clients	Augmentation de la conversion des ventes
Q4 2023	42%	16.7%

Intégration de maisons intelligentes dans les conceptions de logements fabriqués

Legacy Housing a incorporé Smart Home Technologies dans 35% de ses modèles de logements en 2023. Le coût supplémentaire moyen des caractéristiques de la maison intelligente est de 4 750 $ par unité.

Intégration de maison intelligente	Couverture du modèle	Coût supplémentaire par unité
Systèmes compatibles IoT	35%	$4,750

Mise en œuvre de la technologie de construction durable

Legacy Housing a investi 2,1 millions de dollars dans les technologies de construction durables en 2023. Les modèles économes en énergie ont réduit la consommation d'énergie de 22,4% par rapport aux unités de logement standard.

Investissement en durabilité	Réduction de la consommation d'énergie	Adoption de la technologie verte
2,1 millions de dollars	22.4%	Intégration du panneau solaire

Legacy Housing Corporation (Legh) - Analyse du pilon: facteurs juridiques

Conformité aux normes de construction de logements fabriqués HUD

Legacy Housing Corporation adhère à 24 CFR Part 3280 et 3282 HUD Manufactured Housing Construction Standards. Depuis 2024, la société maintient Compliance à 100% avec les réglementations fédérales de fabrication.

Catégorie standard HUD	Pourcentage de conformité	Fréquence d'inspection
Conception structurelle	100%	Trimestriel
Sécurité incendie	100%	Semestriel
Protection thermique	100%	Annuel

Navigation de réglementation complexe de logements au niveau de l'État

Legacy Housing Corporation opère dans plusieurs États avec des environnements réglementaires variables. La société gère la conformité dans 17 États avec différentes réglementations sur le logement manufacturé.

État	Score de complexité réglementaire	Coût annuel de conformité
Texas	7.2/10	$425,000
Californie	9.5/10	$612,000
Floride	6.8/10	$387,000

Conteste juridique potentiel dans les autorisations de zonage et d'utilisation des terres

Legacy Housing Corporation fait face 14 différends de zonage actifs Dans ses territoires opérationnels en 2024. Coûts de résolution juridique estimés à 2,3 millions de dollars.

• Taux de résolution de défi de zonage: 78%
• Durée moyenne des litiges juridiques: 8,5 mois
• Coût médian de litige juridique: 165 000 $

Règlements sur la protection des consommateurs dans les ventes et le financement du logement

La société assure un respect strict des lois sur la protection des consommateurs, avec zéro violations fédérales de protection des consommateurs Au cours des 36 derniers mois.

Catégorie de réglementation	Métrique de conformité	Coût de surveillance annuel
La vérité dans le prêt	Compliance à 100%	$275,000
Acte de logement équitable	Compliance à 100%	$312,000
Lignes directrices du Bureau de la protection financière des consommateurs	Compliance à 100%	$405,000

Legacy Housing Corporation (Legh) - Analyse du pilon: facteurs environnementaux

Accent croissant sur la conception de la maison économe en énergie

Legacy Housing Corporation a mis en œuvre des stratégies de conception économes en énergie avec les spécifications suivantes:

Métrique de l'efficacité énergétique	Performance actuelle	Amélioration de la cible
Taux de certification Energy Star	62.4%	75% d'ici 2026
Réduction moyenne de la consommation d'énergie à domicile	22.6%	35% d'ici 2027
Intégration du panneau solaire	18% des maisons fabriquées	40% d'ici 2028

Processus de fabrication durables et sélection des matériaux

L'approche de fabrication durable de Legacy Housing Corporation comprend:

Métrique de la durabilité	État actuel	Investissement
Utilisation des matériaux recyclés	37.5%	2,3 millions de dollars d'infrastructures de recyclage
Conservation de l'eau dans la fabrication	28% de réduction	1,7 million de dollars en technologies économes en eau
Pourcentage de matériaux à faible VOC	64.2%	950 000 $ en recherche sur les matériaux respectueux de l'environnement

Réduction de l'empreinte carbone dans la production de logements

Stratégies de réduction du carbone mise en œuvre par Legacy Housing Corporation:

• Réduction des émissions de gaz à effet de serre: 16,8% depuis 2020
• Pourcentage de flotte de véhicules électriques: 22% des véhicules de transport
• Investissements de compensation de carbone: 1,4 million de dollars par an

Considérations de résilience climatique dans le développement du logement

Stratégies d'adaptation climatique dans la conception du logement:

Fonctionnalité de résilience	Implémentation actuelle	Focus géographique
Conception résistante aux inondations	45% des modèles côtiers / sujets aux inondations	Côte du Golfe, Floride, Louisiane
Toiture résistante à la chaleur	38% des modèles du sud-ouest	Arizona, Texas, Nouveau-Mexique
Ingénierie à charge éolienne	52% des modèles dans les zones d'ouragan	Régions côtières du sud-est

Legacy Housing Corporation (LEGH) - PESTLE Analysis: Social factors

The social landscape in 2025 is defined by a severe housing affordability crisis, which is a major tailwind for Legacy Housing Corporation. You are seeing a fundamental shift in consumer behavior, where the dream of a site-built home is increasingly out of reach, forcing a pragmatic look at high-quality manufactured housing as the only viable path to homeownership for millions of Americans.

This demographic pressure is not just about low-income buyers; it's a middle-class problem now. Legacy Housing Corporation's strategy is directly capitalizing on this reality by not just building cheaper homes, but by building better, more modern manufactured homes. That's the pivot.

Median US home price around $416,900 in Q1 2025 drives demand for affordable housing

The core social factor driving Legacy Housing Corporation's business is the crushing cost of traditional housing. As of 2025, the median price for an American home is approximately $416,900. This figure, combined with elevated mortgage rates, has pushed the monthly payment for a median-priced home far beyond the reach of the typical household. This is a structural problem, not a cyclical one, and it creates a massive, underserved market for manufactured housing.

Legacy Housing Corporation addresses this with a product line that, at retail, ranges from approximately $33,000 to $180,000, offering a clear, immediate solution to the affordability gap. The company's focus on the Southern United States, where it generates 54% of its product sales in Texas alone, places it squarely in a high-growth region with significant population influx and persistent housing shortages.

Focus on 'tiny houses' and affordable manufactured homes addresses the housing-to-income ratio above 5

The national home price-to-income ratio has risen to 5.0 in 2025, meaning the median home costs five times the median annual household income. This ratio is a clear indicator that the traditional housing model is broken for the average buyer. Legacy Housing Corporation's product mix, which includes both manufactured homes and 'tiny houses' ranging from 395 to 2,667 square feet, directly targets this affordability ceiling.

The demand is so strong that even a drop in unit volumes sold in Q3 2025 (down 11.6% year-over-year) was partially offset by a nearly 8% increase in net revenue per unit, showing that buyers are willing to pay more for a quality, affordable alternative. The market is defintely prioritizing value.

US Housing Affordability Metrics (2025)	Value	Implication for Legacy Housing Corporation
Median US Home Price (2025)	$416,900	Pushes middle-income buyers to seek alternatives.
Home Price-to-Income Ratio (2025)	5.0	Confirms manufactured housing is a necessity, not just a niche.
Legacy Home Retail Price Range	$33,000 to $180,000	Directly addresses the affordability gap with a lower price point.

Strategic shift to a richer retail sales mix reflects consumer preference for higher-end units

Legacy Housing Corporation is strategically moving toward a richer retail sales mix, which is a key indicator of consumer willingness to pay for upgraded features in manufactured homes. This shift is critical because the retail sales channel offers a significantly higher margin profile-management estimates a 40% to 50% retail margin versus the 20.3% gross margin reported on the wholesale side in Q3 2025.

The recent acquisition of AmeriCasa Solutions, set to close before November 28, 2025, is a huge step in this direction. This deal includes a high-performing Houston retail dealership and is intended to materially accelerate company-owned retail volumes, with management targeting a 50% to 100% increase in retail units sold in 2026 compared to 2025. This isn't just about sales; it's about capturing the entire profit chain.

New Legacy 250 initiative offers modern floorplans with features like media-focused family rooms

The launch of the Legacy 250 initiative in October 2025 is a direct response to the social demand for manufactured homes that feel and function like custom, site-built homes. This initiative, featuring the Legacy Ultimate Series, is a clear move upmarket within the affordable segment. It acknowledges that today's buyer wants modern living spaces, not just a basic shelter.

The new models incorporate features that are highly valued by modern families:

• Taller roof pitches and wider floors in class, creating a more open, spacious feel.
• Modern floorplans with integrated dining bars and media-focused family rooms.
• Hotel-quality walk-in showers with two shower heads.
• An optional, industry-first 8x12 shed storage module, addressing a common pain point of limited storage.
• Energy-efficient 21 SEER concealed-duct 'mini-split' heat pumps, lowering the total cost of ownership.

The company is not just selling a house; it's selling the American Dream at an accessible price point, which is a powerful social value proposition.

Legacy Housing Corporation (LEGH) - PESTLE Analysis: Technological factors

Acquisition of AmeriCasa Solutions includes the AI-enabled FutureHomeX sales platform.

You need to see Legacy Housing Corporation's recent moves as more than just real estate; they are a clear bet on sales technology. The October 30, 2025, agreement to acquire AmeriCasa Solutions, LLC is a direct investment in modernizing the sales pipeline. This all-cash transaction, set to close by November 28, 2025, brings the proprietary FutureHomeX platform into Legacy's technology stack.

The FutureHomeX platform is a crucial piece of this, leveraging artificial intelligence (AI) and automation to streamline the homebuying process across retail dealerships and communities. Honestly, the biggest gain here is consistency and speed in sales, which is defintely a competitive edge in the high-volume manufactured housing market. The acquisition is more comprehensive than just software, though.

Here's the quick look at the acquired assets, which shows the full strategic scope:

• FutureHomeX Platform: AI-enabled sales management and automation.
• Retail Dealership: A high-performing retail location in Houston, Texas.
• Chattel Mortgage Loan Portfolio: Adds to Legacy's financing assets.
• Insurance Agency: Expands the service offering to customers.
• Services Center: An operational center located in Bogotá, Colombia.

What this estimate hides is the true value of the technology; while the reported acquisition price for the assets and platform was only $0.01 million, the strategic value is in the immediate integration of a proven, modern sales engine and experienced leadership.

Homes feature industry-first 21 SEER concealed-duct mini-split heat pumps for efficiency.

Energy efficiency is a major technological driver in our sector, and Legacy is pushing the envelope with its new home models. The company has introduced an industry-first feature: 21 SEER (Seasonal Energy Efficiency Ratio) concealed-duct mini-split heat pumps.

This is a smart move for two reasons. First, the system is located entirely under the home, which frees up valuable interior space for the customer. Second, the energy savings are substantial. This advanced ducted mini-split system is designed to slash energy consumption by up to 65% compared to older, less efficient heat strip units, directly lowering monthly utility bills for the homeowner.

That 21 SEER rating is a big deal for long-term customer value. It's an easy-to-understand number that translates immediately into cash savings, which is exactly what the affordable housing buyer needs.

Manufacturing facilities in Texas and Georgia allow for efficient, state-of-the-art production.

Legacy's ability to maintain high quality at an affordable price is grounded in its factory technology and geographic footprint. The company operates three large-scale manufacturing facilities-two in Texas and one in Georgia-which are strategically placed to serve the primary markets in the Southern and Southeastern United States.

These are not small operations. They employ high-volume production techniques, which allows for the rapid, consistent construction necessary to meet demand. The typical home is manufactured in approximately three to six production days, a speed site-built construction can't match.

Here is the breakdown of the production footprint, based on the 2024 fiscal year data, which sets the baseline for 2025 capacity:

Facility Location	Size (Square Feet)	2024 Production (Home Sections)
Fort Worth, Texas	97,000	624
Commerce, Texas	130,000	504
Eatonton, Georgia	388,000	505
Total Production	615,000	1,633

The total home sections sold in 2024 were 2,471, meaning the in-house production covered about 66% of total sales, with the rest subcontracted. This factory-controlled setting also ensures quality control checks at every step, minimizing the impact of weather delays and keeping the schedule predictable.

New 8x12 shed storage module offered as an optional add-on for quality-of-life upgrades.

A smaller, but important, technological advancement is the introduction of the new 8x12 shed storage module. This feature, which the company calls another 'industry first,' is offered as an optional add-on for the new Legacy 250 home models.

This isn't just a shed; it's a direct response to customer feedback on a pain point. By providing a functional, factory-built storage solution, it frees up a significant amount of space from the home's primary living area, which is a major quality-of-life upgrade for the target market. It's a simple, effective piece of engineering that enhances the home's overall utility and perceived value.

Legacy Housing Corporation (LEGH) - PESTLE Analysis: Legal factors

Zoning restrictions and local ordinances still block manufactured home placement in many areas.

The biggest legal headwind for Legacy Housing Corporation is not a federal mandate, but a patchwork of local restrictions. You'd think the affordability crisis would force municipalities to open up, but the reality is that restrictive zoning ordinances and local barriers still actively exclude manufactured homes from many residential areas. This isn't just an inconvenience; it limits the addressable market for a core product line, forcing homes into less desirable or pre-approved communities.

It's a clear case of regulatory friction that slows down the deployment of affordable housing. Legacy Housing Corporation builds to the high standard of the federal HUD Code (National Manufactured Home Construction and Safety Standards), but that federal authority is constantly undermined by local rules that treat manufactured homes differently from site-built homes. This keeps the sales funnel narrower than it should be.

High Selling, General, and Administrative (SG&A) expenses rose 20.6% in Q3 2025 from legal and consulting fees.

In the third quarter of 2025, Legacy Housing Corporation saw a sharp spike in its overhead costs, a direct signal of internal legal and organizational turmoil. Selling, General, and Administrative (SG&A) expenses jumped by a substantial $1.3 million, representing a 20.6% increase compared to the same period in 2024.

Honestly, this spike is a red flag on the legal and internal governance front. The increase was driven by specific, likely non-recurring, items tied to the recent executive departures and the co-founders' return to day-to-day roles. The new management team has explicitly flagged SG&A control as a top priority, but the damage to Q3 profitability is done.

Here's the quick math on the expense drivers:

Expense Category (Q3 2025 vs. Q3 2024)	Increase Amount	Context
Legal Expenses	$900,000	Suggests costs related to executive transitions (CEO, CFO, General Counsel departures) and internal cleanup.
Professional and Consulting Fees	$500,000	Likely tied to the management reset and strategic pivot, including the AmeriCasa Solutions acquisition.
Loan Portfolio Loss Expenses	$500,000	An increase in reserves for consumer loan losses, a regulatory and accounting requirement.
Self-insured Health Benefit Plan	($600,000)	A partial offset to the other increases.
Net SG&A Increase	$1.3 million	Represents the 20.6% year-over-year increase in the quarter.

Regulatory inaction by HUD (Housing and Urban Development) on enhanced preemption sustains local barriers.

The Manufactured Housing Improvement Act of 2000 included a key provision for 'enhanced preemption,' intended to override local zoning rules that discriminate against manufactured homes. But, to be fair, the Department of Housing and Urban Development (HUD) has consistently failed to fully enforce this authority for over two decades.

This regulatory inaction is a major structural impediment. It means that while the federal government sets the construction standard, it doesn't adequately protect the right to place the home, leaving Legacy Housing Corporation to fight a costly, state-by-state, and town-by-town battle against local exclusion. Until HUD is compelled to act-a push that is still ongoing in Congress-local barriers will defintely persist.

The company is subject to numerous federal, state, and local building codes and regulations.

Legacy Housing Corporation operates within a complex web of construction and safety standards that govern everything from the factory floor to the final installation. The core of their compliance framework is the federal HUD Code, which preempts most conflicting state and local construction standards.

However, the company must also navigate specific state and local requirements for installation, foundation, and permitting, especially for its tiny homes and modular products. This requires constant vigilance and a strong internal compliance team.

• Manufactured homes must meet the federal HUD Code for structural integrity, fire safety, and energy efficiency.
• Factories are certified under state laws like the Texas Industrialized Housing and Buildings law (Texas Modular Code).
• The Georgia factory must comply with Georgia state construction codes.
• New HUD Code updates (4th and 5th Sets) went into effect on September 15, 2025, introducing 90 new or updated standards, which requires manufacturers to adapt quickly.
• Financing operations are subject to federal and state consumer protection laws, including rules on loan originator compensation.

The September 2025 HUD Code updates, which were the most extensive in over 30 years, mean higher compliance costs and a necessary operational shift to meet the new energy-efficiency and accessibility standards.

Legacy Housing Corporation (LEGH) - PESTLE Analysis: Environmental factors

You're looking at Legacy Housing Corporation (LEGH) and its environmental footprint, which is a critical factor for long-term risk and opportunity mapping. The good news is that their factory-built model inherently offers a significant environmental advantage over traditional site-built construction. This efficiency, coupled with their 2025 commitment to high-performance components, positions them well against rising consumer demand for sustainable, affordable housing.

Company builds homes as an Energy Star Partner, committed to high efficiency standards.

Legacy Housing Corporation continues its commitment as a proud Energy Star Partner in 2025, which means their homes meet rigorous energy efficiency standards set by the U.S. Environmental Protection Agency (EPA). This partnership is not just a marketing label; it translates directly into lower operating costs for the homeowner, which is a key value proposition in a tight economy. The focus on energy efficiency helps reduce the home's long-term carbon footprint, aligning with the growing trend of eco-conscious buyers.

Use of radiant barrier lining under roofing reduces utility costs and boosts energy efficiency.

A standard feature in Legacy's 2025 models is the inclusion of radiant barrier lining under the roofing. This material is crucial in the Southern U.S. markets where the company primarily operates, as it reflects heat away from the attic space. The result is a direct reduction in the load on the cooling system, leading to lower utility bills and an immediate, tangible saving for the end-user. Honestly, this is one of the quickest ways to cut a homeowner's monthly expense.

Advanced insulation and energy-efficient windows/appliances are standard in their 2025 models.

Legacy has been aggressive in upgrading its thermal envelope and mechanical systems for 2025. Many of their homes now feature improved R31 insulation and energy-efficient Low-E windows to minimize heat transfer. The most significant environmental and cost-saving upgrade is the introduction of the industry-first 21 SEER concealed-duct 'mini-split' heat pumps in new models. This system, which is located entirely under the home, is a game-changer because it can slash energy consumption by up to 65% compared to a standard system, drastically cutting down on heating and cooling costs.

Here's a quick look at the direct energy efficiency gains in a 2025 Legacy home:

• Heating/Cooling: 21 SEER mini-split systems offer up to 65% energy consumption reduction.
• Insulation: Improved R31 insulation for superior thermal performance.
• Windows: Low-E windows minimize solar heat gain.
• Lighting: Standard use of energy-efficient LED light bulbs.

Focus on efficient factory production minimizes waste compared to traditional site-built construction.

The controlled environment of Legacy Housing Corporation's three manufacturing facilities-in Fort Worth, Commerce, Texas, and Eatonton, Georgia-is the core of their environmental advantage. Building homes in a factory allows for precision cutting, bulk material purchasing, and systematic recycling programs, which drastically reduce material waste. This factory-built process is a key competitive strength, generating less waste and at a lower cost per-square-foot than traditional construction. For context, this prefabrication model typically achieves a waste reduction of 30% to 50% compared to a conventional construction site.

The operational efficiency is clear when you look at the production and financial scale as of 2025:

Metric	2024 Full Year Data	2025 Q3 Data (Product Sales)
Total Net Revenue	$184.2 million	N/A
Net Income	$61.6 million	N/A
Home Sections Sold	2,471	420
Book Value per Share	$20.40	Rose by 10.2% year-over-year

The ability to maintain a strong balance sheet, with book value per share rising 10.2% year-over-year into Q3 2025, while simultaneously investing in high-efficiency features like the 21 SEER systems, shows a defintely sustainable business model.

Next Step: Finance: Model the AmeriCasa acquisition's impact on Q4 2025 SG&A and 2026 gross margins by Friday.