Tiny Home Builder Raises Money For Expansion

As low inventory and higher home prices squeeze homebuyers across the country, so called "tiny homes" are being built seemingly everywhere. While not considered mainstream yet, it may be just a matter of time until tiny homes pop up in a neighborhood near you.

One tiny home builder Legacy Housing Corp. recently announced plans for an IPO.  The money raised with be used to expand retail presence in the southern United States and surrounding area. From their website.

"DALLAS, Dec. 14, 2018 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (Nasdaq: LEGH), the fourth largest producer of manufactured homes in the United States and a recognized leader and innovator in the manufactured housing industry, announced today the pricing of its initial public offering of 4,000,000 shares of common stock at a public offering price of $12.00 per share. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Legacy Housing, are expected to be $48.0 million."

Are tiny homes a fad and a product of a tight real estate market, or a fundamental shift in homeownership.  Only time we will tell.