TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN). TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00. Scotiabank also restated their “perform” rating on Killam in a report …
TD Securities, Scotiabank Restate Positive Ratings for Killam Properties Read More
News from the Michigan Manufactured Housing Association (MMHA) shows the top two trends in manufactured home design are the master suite and the kitchen. “Based on the reactions of people touring six model homes during the recent MMHA Home Showcase at The Novi Home Show at Suburban Collection Showplace, these …
The Northwest Housing Association has announced that manufactured homes sales in the state of Washington have increased 47 percent in 2016. According to the association, this completes a huge turnaround over the last decade when demand dropped from 3000 manufactured homes per year to less than 600. “550 homes have …
State Manufactured Homes Sales Rise 47 Percent In 2016 Read More
Champion Homes has announced that it will purchase and reopen a recently vacated manufacturing facility formerly operated by Excel Homes in Susquehanna Township, Penn. With the reopening, Champion Homes plans to create 246 new jobs over the next three years. “Champion was drawn to this opportunity by the strength of …
Champion Homes Purchases Former Excel Homes Facility Read More
Sun Communities, Inc. (NYSE: SUI) reported its Q3 2016 results on November 1, 2016. For the quarter ending September 30, 2016, total revenues increased $64.3 million, or 34.7 percent, to $249.7 million compared to $185.4 million for the same period in 2015. Net income available was $18.9 million, or $0.27 …
The Manufactured Housing Association for Regulatory Reform (MHARR) has released it’s November 2016 Washington Update, an exclusive report and analysis that addresses key issues with the U.S. Department of Housing and Urban Development (HUD). Covered in this month’s report: Fifty state installation power grab by HUD, including key highlights …
MHARR November Washington Update, Exclusive Report and Analysis Read More
Washington, D.C., November 3, 2016 – The Manufactured Housing Association for Regulatory Reform (MHARR) reports to MHProNews that according to official statistics compiled on behalf of the U.S. Department of Housing and Urban Development (HUD), manufactured housing industry production increased again during September 2016, showing double-digit growth. Just-released statistics indicate …
HUD Code Manufactured Housing Production Sees Double Digit Growth Read More
UMH Properties, Inc. has successfully completed the $16.3 million refinancing of its Fairview Manor community through Wells Fargo Bank, N. A. The loan, from the Federal Home Loan Mortgage Corporation (Freddie Mac), has a 10-year maturity with principal repayments based on a 30-year amortization schedule. Interest is set at 3.85 percent …
Drew Industries Inc. (NYSE:DW) is scheduled to release its Q3 2016 earnings data this morning at 8:30 a.m. ET. Analysts expect Drew to post earnings of $1.20 per share (EPS) and revenue of $392.70 million for the quarter, according to The Cerbat Gem. During its Q2 earnings call on August …
Drew Industries to Announce Q3 Earnings; Analysts, Big Banks Bullish Read More
Troy, Michigan-based Champion Homes has opened a 100,000-square-foot facility in Benton, Ky. The facility represents a $6.3 million investment for Champion and is expected to create 150 new jobs. “At Champion, we’re driven to produce the highest-quality affordable housing in part because we understand the special feeling our customers have …
Champion Homes Opens Manufactured Home Plant in Kentucky Read More
In a first for the 74-year-old organization, the National Association of Home Builders (NAHB) finalized a list of congressional candidates that it believes will help to boost housing in the U.S. According to Door & Window Market Magazine, the NAHB announced in September that it would be working …
National Association of Home Builders Endorses Congressional Candidates Read More
The Novi Home Show took place October 14th-16th in Novi, Michigan and featured six different manufactured home models, courtesy of the Michigan Manufactured Housing Association (MMHA) as a part of the Suburban Collection Showplace. Billed as “a show within a show,” nearly 5000 people had a chance to tour models from …
Clayton Homes, a subsidiary of Berkshire Hathaway, has acquired Lee’s Summit, Missouri-based Summit Custom Homes, according to the Kansas City Business Journal. The acquisition was made by the company’s site-built division, Clayton Properties. As Daily Business News readers are aware, Clayton Homes is the largest producer of manufactured homes in …
Two Alberta, Canada based companies are teaming up to create a modular solution to affordable housing. According to reminetwork, Edmonton-based Step Ahead Properties and Calgary-based Ladacor Advanced Modular Systems have launched construction on their new modular apartment, an affordable housing development at Westgate Manor in Glenwood. The development will be the …
Modular Helping to Solve Affordable Housing Challenges Read More
Drew Industries Inc. (NYSE: DW) has announced their acquisition of Elkhart, Indiana based Atwood Mobile Products, Inc. via Lippert Components, Inc. (LCI), a wholly owed subsidiary. The sale is expected to be completed in November. “Atwood has been a household name in the RV and trailer markets for over 30 …
Drew Industries Completes Fourth Acquisition of 2016 Read More
The problem of homelessness in Hawaii is well known, and affordable modular housing is being used to help solve the problem. According to KHON, the three homeless families in the Waianae community will be calling then home. “This is to house people out here on the west side who right …
According to a new report released by Realtor, the 2017 home buying season will see a significant increase in first time home buyers, high demand for suburban homes and increasing affordability issues among buyers. The report is based on September survey data from active shoppers on Realtor.com. Highlights from the …
Clayton Homes announced this week that all 36 of its home building facilities in existence in 2015 have attained International Organization for Standardization (ISO) 14001 registration. The registration means that Clayton has implemented the necessary sustainable-building guidelines required by the ISO. The company achieved the distinction of being the first …
In Addison County, Vermont, the issue of affordable housing is significant. With a vacancy rate of less than one percent, local officials and agencies were looking for solutions. According to mychamplianvalley, they believe they’ve found it in a new development, McKnight Lane, located in Waltham. “What can we do better? …
Affordable, Energy-Saver Manufactured Homes Come To The Northeast Read More
Equity LifeStyle Properties, Inc. (NYSE:ELS) reported Q3 2016 earnings and provided guidance for 2017 via conference call on October 18th. According to baseballnewssouce, ELS reported $0.83 earnings per share (EPS) for the quarter, and revenue of $226.20 million for the quarter, compared to the consensus estimate of $116.42 million. The stock …
