Is Jim Walter still in business?

Is Jim Walter still in business?

Photo: COURTESY JIM WALTER HOMES Once the underpinning of Florida-based Walter Industries, home building subsidiary Jim Walter Homes is shuttering its doors after 62 years in business. Management made the announcement this morning. “This is 20 years in the making,” said Larry Comegys of the announcement.

Who is Jim Walters?

Jim Walter is a diversified building materials and natural resources company that operates primarily in the South and Southwest. It also is one of the country’s largest home builders, specializing in inexpensive, partially finished “shell” houses.

Does Jim Walter still build homes?

While the Walter Industries subsidiary will no longer sell homes, it will complete the 150 homes under construction as of Dec. 31 as it winds down operations. About 45 Tampa employees are affected. “The story of Jim Walter Homes began as World War II ended and soldiers came home to pursue the American Dream.

When did Jim Walter go out of business?

was a modular, kit or shell home manufacturer. The story goes that Walter started the company in Florida in 1946 with $1,000 that he borrowed from his father and sold it for $2 billion in 1986, having capitalized on the post-World War II building and baby boom. The company eventually went out of business in 2009.

What type of home is a Jim Walter home?

shell
Jim Walter homes were “shell” homes, meaning the company would complete the outside so that the house was watertight, then allow the customer to finish the inside with their own labor.

Who owns Walter Industries?

Walter Industries, which was taken private in a buyout led by Kohlberg, Kravis & Roberts in 1988, is a successor to the Jim Walter Corporation, whose founder, James W. Walter, remains chairman. The company said it had annual sales of about $1.3 billion and employed about 8,200 people.

What are pre manufactured homes?

Prefabricated homes, often referred to as prefab homes or simply prefabs, are specialist dwelling types of prefabricated building, which are manufactured off-site in advance, usually in standard sections that can be easily shipped and assembled.

What happened to Walter Energy stock?

Walter Energy traded on the New York Stock Exchange under the symbol WLT since 1997, but it was removed in 2015 because its prices were too low.

Who owns Warrior coal?

Top 10 Owners of Warrior Met Coal Inc

Stockholder	Stake	Shares owned
The Vanguard Group, Inc.	10.73\%	5,517,412
Fidelity Management & Research Co…	4.48\%	2,303,121
SSgA Funds Management, Inc.	3.43\%	1,764,134
Third Avenue Management LLC	3.37\%	1,730,328

How long do modular homes last?

When installed properly, a manufactured or modular home can last just as long as a regular home built directly on a construction site. And manufactured homes that follow HUD code can last anywhere from 30 to 55 years. However, these prefabricated houses can last longer if properly maintained.

What happened to Jim Walter Homes?

Jim Walter Homes filed for bankruptcy in December 1989, and in 1995, became known as Walter Industries. It closed in 2009. Jim Walter died in January 2000. To read more about Jim Walter at the NY Times obit, click here. Click here to read my favorite blog.

How did Jim Walter start his company?

According to the book, Jim Walter was 23 when his business began, and in the mid-1980s, it was one of the top-200 largest industrial enterprises in the United States. In 1961, Jim Walter acquired Celotex, a company that manufactured insulation materials that contained asbestos.

Is Walter Industries still in business?

Despite the connection with Celotex, a spokesperson for Jim Walter Homes affirmed that “asbestos was never used in any Walter Homes.” Jim Walter Homes filed for bankruptcy in December 1989, and in 1995, became known as Walter Industries. It closed in 2009. Jim Walter died in January 2000.