The lineage of modular residential construction companies is confusing. My understanding is: Blu Homes purchased the assets of Glide Homes when Glide went bankrupt.
When Blu Homes, like Glide Homes a VC fueled Northern CA based company, started they quickly ramped up to a 300+ person workforce and purchased (or leased ?) a big vacant manufacturing facility with the help of Bay Area politicians and investors. Blu Homes management was top heavy in young rich tech entreprenours who were not experienced in either residential construction or physical manufacturing of any type. They argued among themselves, changed strategy multiple times and in the process alienated their production line workforce. Then threw most of their remaining VC capital into sales/marketing not manufacturing development. This began a slow downward spiral. National sales were halted and retrenched to Northern CA only. Workforce declined to approx 35 employees according to Open Door.
Honestly, I haven’t followed Blu Homes for a few years and do not know if they have recovered, which would be a positive development. Wish them well, but in my opinion their business model is not well thought thru and fragile just like Glide Homes… hope I am wrong for the sake of the employees.