Cavco Industries, Inc. () is an American manufacturer of factory-built housing, including manufactured homes, modular homes, park model RVs, vacation cabins and commercial structures. Cavco is headquartered in Phoenix, Arizona. The company offers financing and insurance services for its products.
Cavco operates manufacturing facilities across the United States and Mexico and distributes homes through independent retailers, company-owned stores and developers. As of 2026, the company employed approximately 8,000 people. The company grew through acquisitions while unifying its operations under one national brand in 2025.
History Origins and early history (1965–1995) Cavco Industries originated in 1965 when Al Ghelfi founded the unincorporated association Roadrunner Manufacturing Company (renamed to Cavalier Company in 1966) in Phoenix, Arizona. The company initially manufactured truck campers. The company shifted strategy after the 1973 oil crisis, as rising fuel costs hurt the RV and truck camper markets. Ghelfi bought out his business partner and transitioned the operation entirely to factory-built housing. Original product lines were discontinued, and the firm officially rebranded as Cavco Industries in 1974. The company expanded operations, selling units through specialized dealerships across Arizona. Throughout the late 1970s and 1980s, Cavco expanded into regional markets, diversifying its product lineup in 1986 by manufacturing and leasing relocatable commercial structures.
Centex ownership and independent spinoff (1996–2008) In December 1996, the national homebuilding corporation Centex entered the manufactured housing sector by merging with Cavco Industries. Under Centex's ownership, Cavco integrated retail distribution, acquiring AAA Homes in 1998 to enter the direct-to-consumer sales field.
By the early 2000s, deterioration in the broader United States manufactured housing industry led to widespread industry contraction and consecutive operating losses. In response, Centex shifted its focus back to traditional site-built homes. On June 30, 2003, Centex spun off Cavco as an independent, publicly traded corporation, listing it on the NASDAQ exchange under the ticker symbol CVCO.
Mergers, acquisitions and brand consolidation (2009–present) The company expanded through acquisitions of other building companies, including Fleetwood Enterprises (2009) and Palm Harbor Homes (2011). The company later added Commodore Corporation (2021), Solitaire Homes (2023) and American Homestar Corporation (Oak Creek Homes, 2025). These acquisitions increased production capacity, retail presence and geographic reach, particularly in the South Central and Northeastern U.S. regions.
In 2025, coinciding with its 60th anniversary, Cavco unified its legacy manufacturing brands under the single "Cavco" name (announced March 2025, effective April). More than 30 different manufacturers came under the Cavco brand. Plants now operate as "Cavco-[City]" (e.g., Cavco-Seguin, Cavco-Rocky Mount), with homes marketed by product lines.
Operations Cavco designs and builds factory-built homes in a climate-controlled environment. Its products include customizable manufactured and modular homes designed for residential, commercial and other applications. Homes are distributed nationwide (and parts of Canada) via company-owned retail locations and independent retailers, planned communities and developers.
In December 2023, Cavco launched The Anthem, the first nationally available, HUD-approved duplex series. As of 2026, there were 4 models in the Anthem series and the duplexes can be placed on a single home lot, thus doubling housing availability.
The company operates two reportable segments: Factory-Built Housing (core): Manufacturing and retail sales. Financial Services: Consumer financing (via CountryPlace Mortgage and American Homestar Mortgage) and property/casualty insurance (via Standard Casualty Company, Cedarbrook Insurance Group).
Leadership William C. Boor is President and CEO (since 2019). During Boor's tenure, the company has expanded through acquisitions and increased its focus on factory-built housing.
Acquisitions Cavco expanded through acquisitions beginning in 2009 with the purchase of Fleetwood Homes. The company later acquired Palm Harbor Homes in 2011; Fairmont Homes, Friendship Homes and Chariot Eagle in 2015; Commodore Corporation in 2021; Solitaire Homes in 2023 and American Homestar Corporation in 2025.
Year Acquisition 2009 Fleetwood Homes 2011 Palm Harbor Homes 2015 Fairmont Homes Friendship Homes Chariot Eagle 2021 Commodore Corporation 2023 Solitaire Homes 2025 American Homestar Corporation
See also Manufactured housing Modular building Accessory Dwelling Units (ADUs) Mobile Home Champion Homes Clayton Homes D.R. Horton Lennar Toll Brothers
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