Lippert Components, Inc. and Kinro, Inc. announce the promotion of Andy Pocock to Vice President of Sales, Specialty and Manufactured Housing Markets for the Elkhart, Indiana-based subsidiaries of Drew Industries, Inc. (NYSE:DW). His eight-year plus stint with the sister companies included roles in suspension and running gear management, and for …
Andy Pocock Promoted to Vice President at Lippert and Kinro Read More
Manufactured home community owner UMH Properties, Inc. will be presenting at the BMO Capital Markets 8th Annual North American Real Estate Conference Sept. 16-17, 2013. To be held at the Trump International Hotel in Chicago, Illinois, Samuel A. Landy, UMH president and CEO, and Anna T Chew, CFO of UMH, …
UMH Properties’ Samuel Landy to Present at Conference Read More
Killam Industries, Inc. of Halifax, Nova Scotia, Canada announces it will pay stockholders of record as of Aug. 30, 2013 a dividend of $0.0483 per share on Monday, Sept 16, 2013. Two equities research analysts have conferred a rating of hold on the stock, five have assigned it a buy …
An affiliate of Universal Forest Products, Inc. has developed the Intact Structural Frame building system that connects the roof to the foundation, providing an exoskeleton that will resist seismic, snow and stormy conditions. Most buildings connect the walls the to the foundation for support, but the owner of the 7,000 …
Universal Forest Products Unveils New Building System Read More
John Westrum of Westrum Development has seen demand rising for his modular homes in the beachside neighborhoods that were devastated when Hurricane Sandy waylaid the coast from New Jersey to Connecticut. As new federal flood maps and insurance require homes to be elevated, Westrum, who up to now has been …
Modular Homes Dotting the Jersey and New York Coasts Read More
A seven-and-a-half story modular apartment building with 49 apartments in downtown Seattle, Washington will be move-in ready in four months. Real estate developer Daly Partners LLC has begun leasing the 3,000 square feet of ground level retail space for “N” Habit: Belltown, located in the Belltown area, the city’s first …
First Modular Housing Development in Downtown Seattle Read More
Down Under, again: From a two-room self-contained Quickshack for a home office, teenage space, or a grandparent home to single and multistory modular housing for students, hospitals and hotels, Quicksmart (QSH) designs and engineers all products in house. The company makes a range of pods, modules, and hybrids as well …
Canada’s Black Diamond Group Limited has declared a dividend of $0.07 cents a common share payable Sept. 16, 2013 to shareholders of record as of Aug. 30, 2013. Through its subsidiaries the company rents and sells modular workforce housing and buildings to projects in remote areas, and provides supportive services …
In Maputo, the capital of Mozambique, a modular disaster recovery center has replaced a one-time helipad that served the directors of the communications company Vodaphone Mozambique. With land at a premium in the capital city, the center is located atop a five-story building adjoining Vodaphone’s 14-story office building. The three …
Manufactured Housing Community Lake Erie MHP, LLC in Fredonia, New York is donating $250 to the United Way of Northern Chautauqua County for each home sold in its community, and presented the organization with a check for $1,000. The former McClenathan’s Mobile Home Park in Fredonia, in far western NY …
A one-time theme park in Queensland, Australia will be demolished and replaced with a 115-site manufactured housing community (MHC). Nostalgia Town at Pacific Paradise has been acquired for $1.6 million by Peter Puljich, director of Living Gems, developer of MHCs in Australia. The affordable living community will include a social …
Killam Properties, Inc., headquartered in Halifax, Nova Scotia, Canada reports for the second quarter 2013 property income rose 2.5 percent from $33,679,000 to $34,506,000 as compared to Q2 2012, yielding a net rental income loss of -0.5% year-over-year–$20,331,000 in 2012 versus $20,225,000 in the same period of 2013. Net income …
As mortgage giant Wells Fargo lays off 763 workers in its Home Mortgage division because refinancing requests are declining, the company says it will try to find other positions for those employees, who are receiving 60 days’ notice. Meanwhile, last month Citigroup announced it will cut 120 employees at a …
Drew Industries, Inc. reports sales for Q2 2013 increased to a record $287 million, a 14 percent increase over the same period in 2012, resulting in net income of $15.9 million, not including an after-tax charge of $0.4 million related to executive succession which would have been $16.3 million in …
Private equity real estate firm Green Courte Partners, LLC announces the appointment of Cheri M. Scully to vice president. Scully has worked with Green Courte, based in Lake Forest, Illinois, on contract prior to joining the firm in January 2011 as an associate, MHProNews has learned from sources at the …
As a result of increased oil and gas and mining projects in Saudi Arabia and the consequent need for modular workforce housing, Red Sea Housing Services Company plans to build a fourth manufacturing facility, this one in the Kingdom. The $22.65 million plant, located in King Abdullah Economic City (KEAC), …
While the manufactured housing industry continues to recover, it still has a long way to go, according to Troy Hames of Hames Homes in Marion, Iowa. Noting the company has sold manufactured homes for 44 years in east central Iowa, Hames says new home sales in the state were 2,200 …
Iowa Climbing Back from Low Manufactured Home Sales Read More
Chicago-based Equity LifeStyle Properties, Inc. (NYSE:ELS) reports the company finalized selling ten manufactured home communities comprised of 4,925 home sites. Received as part of the $1.5 billion Hometown America acquisition in 2011, the properties did not fit the core business strategy of ELS, and overall occupancy only reached 70 percent. …
England’s modular builder Easybase Home Limited was founded seven years ago and recently moved with its staff of 18 to a larger facility where it intends to hire up to 300 people over the next 12 months. East Lancashire designer Ian Chew spent two years designing the steel-famed brick-clad semi-detached …
Ghana, in West Africa is beginning a 5,000 modular housing project to provide affordable housing in Sege, in the Dangme East District. Deputy Minister for Water Resources, Works and Housing, Sampson Ahi says building will begin next month. A Brazilian construction company will install the homes which are being built …
