Lake Forest, Ill.-based private equity real estate investment firm Green Courte Partners, LLC announces the acquisition of two all-age land lease communities in southern Maine. Incorporating 483 home sites, MHProNews has learned Town & Country Village in Lisbon and Maplewood Manor/Merry Meeting in New Brunswick will be managed by American …
Green Courte Adds Two Communities to its Portfolio Read More
Updating a story MHProNews published July 3, 2013 regarding the anticipated closing of the Dallas West Mobile Home/RV community set for Aug. 31, current owner Cienda Partners has extended the final date to Jan. 31. Hispanic rights activist Carlos Quintanilla, representing the residents, had asked for $8,500 relocation allowance for …
Residents Offered Relocation Costs as Community Sets to Close Read More
Florida-based manufactured home producer Nobility Homes (NOBH) may become a good turnaround stock buy as baby boomers age and look for inexpensive housing in Central Fla. Currently saddled with a large inventory of new and pre-owned homes, Nobility has been run by CEO Terry Trexler since 1967, and with his …
The Portland (Maine) Housing Authority is planning a 42-unit modular apartment building to provide housing for individuals and families who earn between $18,000 and $45,000 a year. With rents ranging from $535 to $1,000 a month, the $7 million project, Bayside Anchor, will be financed with federal tax credits. Projects …
City to Build Modular Multifamily Affordable Housing Read More
An electrical explosion and resulting fire at a Palm Harbor Homes facility in Fort Worth, Tex. sent a worker to the burn unit at Parkland Memorial Hospital in Dallas, Monday, July 29. He was conscious and alert when he was transported by helicopter ambulance after the electrical panel exploded and …
The CEO and owner of Harold’s Easy Livin’ Homes in Abingdon, Vir., William Harold Stapleton, 83, passed away at his home July 24, 2013. Called a “Living Legend of the factory-built home industry,” Mr. Stapleton earned numerous awards as the number one dealer of the companies he represented, and always …
Cavco Industries, Inc., will release financials for Q1 of fiscal year 2014 after the close of the market Thurs., Aug 1. 2013. The following day senior management will discuss the results in a live webcast Fri., Aug 2 at 12 noon Eastern time. Interested parties will be able to listen …
Updating a story MHProNews published June 19, 2012 regarding the Broad Group’s plan to build the tallest skyscraper in the world using modular construction, the July 20, 2013 groundbreaking in China’s Hunan Province was a festive affair but short-lived: Local government officials suspended the project allegedly because the Broad Group …
Construction of World’s Tallest Building (Modular) on Hold Read More
Updating a story MHProNews posted earlier today about allegations by the Consumer Financial Protection Bureau (CFPB) that Castle & Cooke Mortgage of Salt Lake City made illegal incentive payments to loan officers, the president of C & C denied the charges and is seeking to resolve the issue. “We don’t …
Manufactured housing component supplier Lippert Components, Inc. of Elkhart, Ind. announces its patented Level Up automatic leveling system for recreational vehicles (RV) is now available using a wireless remote. Level Up will level an RV in under a minute, and it includes a feature that remembers the exact height at …
Lippert Brings Wireless to Recreational Vehicle Leveling Read More
Manufactured Housing Community owner Sun Communities, Inc. (NYSE:SUI) will release its Q2 2013 financials before the market opens Thurs., July 25, to be followed by a conference call at 11 a.m. that same morning. For the first quarter of this year revenue increased 24.4 percent over the same period last …
A mortgage lender is being sued by the Consumer Financial Protection Bureau (CFPB) for allegedly paying bonuses to loan originators that charged consumers higher interest rates in violation of the loan officer compensation rule. The 85th largest lender in the country, Castle and Cooke Mortgage LLC of Salt Lake City …
The RV/MH Hall of Fame in Elkhart, Ind. announces the selection of Jeff White as sales and marketing manager for the Northern Indiana Event Center (NIEC) plus other obligations within the Hall. His responsibilities focus primarily on promoting events at NIEC and booth sales in the Halls’ Supplier Hall. MHProNews …
Supplier of components for the manufactured housing and recreational vehicle industries, Drew Industries, Inc. will release its 2013 Q2 financials prior to the opening of the market on Tue., Aug 6, 2013. That same day at 11 a.m. EST an interactive conference call limited to analysts and institutional investors will …
Chicago-based, land lease community operator Equity LifeStyle Properties (NYSE:ELS) will announce its second quarter 2013 earnings report in a conference call Tue., July 23 at 11:00 AM. In its first quarter 2013 earnings data, ELS reported revenue of $190.59, beating the consensus estimate of $177.42. According to utahpeoplespost, the revenue …
Equity LifeStyle Properties to Release Q2 Financials Read More
A new modular home dealer in Jamestown, North Dakota will allow prospective customers the opportunity to tour their model homes between 5 and 9 PM, after the office is closed for the day. Jodi and Cory Bayer’s Marvel Homes will be supplied by Wisconsin Homes of Marshfield, Wis., offering cabins, …
As sales of manufactured housing’s sister industry, the recreational vehicle (RV) business, began accelerating in mid-2012, it also spurred the sales of several manufactured housing (MH) component suppliers. Shipments of motor homes rose 30 percent through May of this year compared to 2012. Drew Industries, Inc., one of the three …
RV Sales Spike Manufactured Housing Component Suppliers Read More
Canada’s Killam Properties, Inc. (TSE:KMP) report investors of record on July 31 will be paid a dividend of $0.0483 per share on Aug. 15, 2013. Three research analysts have rated the stock with a hold rating and four have rated it buy. While shares opened at $13.90 today, July 19, …
Universal Forest Products, Inc. (UFPI) reports second quarter 2013 net sales of $738.4 increased 24.4 percent over the $593.7 net sales for the same period of 2012. Second quarter net earnings for 2013 equaled $15.8 million compared to $17.5 million for the same period 2012, although 2012’s earning included gains …
Universal Forest Products, Inc. Sales Gain for Q2 213 Read More
Based on what they call a Universal Grid, Cannon Design has designed medical facilities using modular units the company says are useful in any health care application project. Because of its adaptability and quicker turnaround production time compared to site-built, it saves money and time and allows for alteration in …
Cannon Creating Medical Facilities with Modular Units Read More
