Consolidated net sales for Drew Industries, Inc. (NYSE:W) for the first quarter ending March 31, 2016 rose 17 percent higher than the comparable period of 2015, to $423 million, yielding net income of $36 million, as prnewswire tells MHProNews. For the supplier of components to the manufactured home (MH) and …
Drew’s Net Income for Q1 Rises $16 Million over Last Year Read More
MHProNews has been informed by ottawacitizen that award-winning modular home designer Karoleena of Okanagan, British Columbia, Canada has been acquired by Horizon North Logistics, Inc., a builder of relocatable modular workforce housing in remote areas, as well as camp management accommodations and catering. To meet the growing need for a …
What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing …
Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More
The National Association of Home Builders (NAHB) informs MHProNews that builder confidence in NAHB’s 55+ Housing Market Index dropped five points from the previous quarter, but remains at 56, where any reading above 50 indicates builders feel more positive than negative about the next six months. It also marks the …
NAHB:Builder Confidence in 55+ Market Slips, yet Still on Positive Ground Read More
MHPronews has learned from wmtw in Oxford, Maine that modular builder Keiser Homes is abruptly closing, ending work for 120 employees. Officials laid off 60 employees in April and said they would return by mid-May, but that was not to be. According to Julie Rabinowitz of the Department of Labor, …
Innovative Building Systems filing for Bankruptcy, closing Keiser in Maine Read More
The Ohio Manufactured Homes Association (OMHA) reports Marcia Janie “Marnie” Sinclair Carabell, entrepreneur and one time owner of four manufactured home communities, passed away at her home in Hudson, Ohio, May 2, 2016. She was the owner of Oak Leaf Mobile Home Park in Cuyahoga Falls, Ohio, which she purchased …
In the news from CNNMoney: Disney’s massive Shanghai resort prepared to open. NBC bets big on the Rio Olympics. Expect long lines at the airport this summer. Trump university fraud trial going to court after election. Apple stock slumps to near two-year low. Only 160,000 jobs added in April. Airbag …
All Active Tracked MH-related Stocks Gain in Today’s Trading, Skyline Leading Read More
Clayton Homes will be hosting it’s Annual Asheville Home Show at the Western North Carolina Agricultural Center in Fletcher, NC Fri., May 6 thru Sun., May 8, 2016. Now in its third year, the event is free and open to the public, children are welcome according to mountainx. While there …
Clayton Underwrites Third Annual Asheville Home Show Read More
Despite all the criticism aimed at Berkshire Hathaway’s Clayton Homes over allegations of predatory and discriminatory lending through its two finance wings, marketing director Carl Hill said Clayton has had a very good spring and continued year-over-year growth, according to reuters. As MHProNews has reported monthly, manufactured home (MH) production …
Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good Read More
Combining old world craftsmanship with modern modular designs has brought together a partnership combining East Coast Modern, which is an architectural firm in Halifax, Nova Scotia, with builder Lloyoll Built, and the Port Mersey Commercial Park, where the modules are being built in Warehouse B. Formerly the Bowater Mersey Paper …
Architectural Firm and Builder Collaborate on Modern Modular Homes Read More
Thousands of enthusiastic followers descended on Lincloln, Nebraska to hear Warren Buffett, Chairman of Berkshire Hathaway, the parent of Clayton Homes, expound at the company”s annual meeting, as housingwire tells MHProNews. According to Fortune, Buffett said the housing market is on stable footing, noting, “I don’t see a nationwide bubble …
At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble Read More
In the news from CNNMoney: KFC introduces ‘Finger Lickin’ Good’ nail polish. Fastpitch softball player Monica Abbott signs $1 million contract, first U. S. woman in team sports to sign a contract at that level. Cloud computing and data mining skills will get you a job. Amazon is investing in …
Louisiana Pacific Gains almost 4.5%; MHCV Slips -1.06% Read More
Waltham, Vermont is saying goodbye to the six-year abandoned Gevry Mobile Home Park with the sounds of demolition, as it welcomes the new McKnight Lane neighborhood in its stead. Fourteen homes are being demolished and 14 new, affordable modular homes will replace them, according to Katie Forleo of the non-profit …
Following a story MHProNews posted April 29, 2016 regarding Drew Industries increasing its line of credit from $100 million to $200 million, with up to $50 million earmarked for approved foreign currencies, the component supplier to the manufactured home (MH) and recreational vehicle (RV) industries, has acquired Project 2000 S.r.l., …
Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016, …
MH Lender Cascade Financial Services Acquired by Centerbridge Read More
In the news from CNNMoney: Gun background checks are surging. Should investors fear Trump or Clinton? Johnson & Johnson lost another talcum powder cancer lawsuit. Outlook stinks for Priceline in the wake of the CEO’s inappropriate relationship with an employee. Legal marijuana sales tripled in 2015. Four U. S. governors …
Sun Communities Gains the Most, Affiliated Managers Drops Read More
MHProNews has been informed MHRE Inc., Manufactured Housing Group, the real estate brokerage and advisory company predicated exclusively in the manufactured housing and recreational vehicle asset class, announces it is expanding from its Detroit home office to open locations in Orlando, Fla. and San Diego, Calif. to better serve its …
Following a post MHProNews published April 30, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in St. Anthony, a suburb of Minneapolis, tcdailyplanet reports residents of the community have gathered to discuss their options in trying to maintain Lowry as their home. They would have to …
MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota Read More
MHProNews has learned from mygrandeprairienow that a new manufactured home community (MHC) may be in the works for Grande Prairie, Alberta, Canada. Developers are considering property currently being used for agriculture production as the site. The city will take under advisement amending a bylaw to rezone the property, changing it …
New Manufactured Home Community Considered for Alberta, Canada Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that statistics compiled on behalf of the Department of Housing and Urban Development (HUD) reveal production of HUD Code manufactured homes (MH) increased 26.9 percent in March 2016 over March 2015, 7,110 homes in 2016 over 5,602 homes last year. …
Manufactured Housing Production Spikes 26.9% in March Read More
