SeekingAlpha reports Equity LifeStyle Properties, Inc., the largest operator of manufactured home communities in the U.S., issued the transcript of its conference call for the first quarter 2013 financials April 23. CEO Margeurite Nader, noting the consistency of growth in their funds from operations (FFO), said demand continues to be …
MarketWatch informs MHProNews real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) reports its funds from operations (FFO) in the first quarter of 2013 were $30.7 million, or $.90 per share versus $25.7 million for the same period in 2012, or $.89 per share. Net income attributable to common shareholders …
RVBusiness says Elkhart, Ind.-based Patrick Industries, Inc., a component supplier to the RV and MH markets, reports first quarter 2013 revenue increased 38.4 percent over the same period in 2012, moving from $102.7 million to $142.1 million in Q1 2013. Sales in the RV sector accounted for approximately 75 percent …
Investors reports Affiliated Managers Group, Inc. (NYSE:AMG) will report its financial results for the first quarter ending March 31, 2013 in a teleconference call on April 30, 2013 at 11 AM EST. Senior management will discuss quarterly results, and may include discussion of future financial operations. The live call and …
A modular home builder with operations in Aberdeen, South Dakota is hoping to open a facility in Fort Yates, North Dakota to provide housing for the Bakken Oil Field boom. As bismacktribune tells MHPronews, the ATechBuilder Corp. expects to hire 45 full time employees to build the 1,100 to 2,500 …
In a special report to MHProNews from the BrenhamBanner in Brenham, Texas, the city council reversed an earlier vote and decided to grant a request for a 106-site manufactured home subdivision. The original request from Adolph Wehmeyer for a road frontage variance was denied—city codes call for 200-400 feet frontage …
Council Votes a Variance for New Manufactured Home Community Read More
BizJournals informs MHProNews Yogi Bear’s Jellystone Park in New York’s Wyoming County has been acquired by Sun Communities, Inc. of Southfield, Mich. The 100-acre family camping resort, which includes cabins, tent and RV sites, has been owned and operated by Sue and Scott Crumpton since 2004, and has a variety …
Zanebenefits informs MHProNews that the 53 employees of modular builder Cardinal Homes of Wylliesburg, Vir. are getting a tax deductible health care plan that saves 76 percent on health care benefits. The Defined Contribution ZaneHRA plan gives employees a choice for their medical care while continuing to give corporate control …
StreetInsider reports Universal Forest Products, Inc. has declared a semi-annual dividend of $0.20 a share, $0.4 annualized. Payable on June 15 , 2013 to shareholders of record as of June 1, 2013, the annual yield is 1.1 percent. As MHProNews reported April 18, net earnings for UFPI were up 25.7 …
Individuals and companies were honored for outstanding achievement in the manufactured and modular housing industry at the 2013 National Congress and Expo awards luncheon held in Las Vegas April 17, 2013. Those recognized for their contributions are as follows: LAND-LEASE COMMUNITY OF THE YEAR (Northeast/Mid-Atlantic)—Calverton Meadows, Calverton NY (South) – …
National Industry Leaders Honored at 2013 Congress and Expo Read More
According to ADVFN, Drew Industries, Inc. (NYSE:DW) will release its 2013 first quarter earnings report Fri. May 3, 2013 before the market opens, followed by a conference call at 11 AM EST that morning to discuss the results. While participation in the question and answer segment of the webcast will …
According to BusinessWire, Universal Forest Products, Inc. (UFPI), in noting the best first quarter profits since 2006, reports net sales of $554.5 million for the first quarter of 2013, up 21.3 percent over the same period 2012. Net earnings of $5.2 million for Q1 represent an increase of 25.7 percent …
UFPI reports best 1st Quarter Profits in Seven Years Read More
MarketWatch informs MHProNews manufactured and modular home builder Deer Valley Corp.’s wholly-owned subsidiary, Deer Valley Financial, Inc., (DVF) has entered an agreement to provide CIS Home Loans with a $2.5 million line of credit to increase its portfolio of retail mortgages for buyers of manufactured and modular homes. This will …
Loans more Available for Factory-built Home Buyers Read More
As MHProNews reported Nov. 13, 2012, CEO Philip Fraser of Killam Properties, Inc., calling Ottawa (the Canadian capital) “one of the strongest cities for long-term investment in Ontario,” announced the company purchase of a 25% share with a Kuwaiti company for a 146-unit apartment development. Also in Ottawa, Killam acquired …
According to a story MHProNews posted April 8, 2013 about Northstar Realty Finance Corp. acquiring 71 manufactured housing communities at a cost of $865 million based on information we received from the National Real Estate Investor (nreionline), we now learn from BusinessWire that RHP Properties, Inc. of Farmington Hills, Mich. …
The Lehigh Valley Business news reports from Pennsylvania that Liberty Homes in Mount Pocono, Penn. is partnering with the U. S. Dept. of Energy (DOE) in their Total Home Performance Challenge to certify their homes have a high energy efficiency rating to maximize energy savings for their manufactured and modular …
WiscNews informs MHProNews from Baraboo, Wis., just north of Madison, that Blackhawk Home Sales is pulling up stakes June 1. In business since 1970 selling manufactured and modular homes, President Jim Loechler said the property has been for sale for five years and he intends to retire. It will be …
As marketwire reports, Baltimore-based Algeco Scotsman has inked a joint venture agreement with Beijing Chengdong International Modular Housing Company, Ltd. Under the brand name Algeco Chengdong, the collaboration will produce, lease and sell modular housing solutions in China, which has emerging needs for flexible, onsite, temporary accommodations in the energy, …
The digitaljournal informs MHProNews that Killam Properties, Inc. of Halifax, Nova Scotia, Canada will announce its financials for the quarter ending March 31, 2013 on May 7, 2013 after the close of the market. A conference call to discuss the findings will follow on Wed. May 8, 2013 at 9 …
M & W Trailer Sales opened in Escondico, Calif. in 1959 when customers had two carpet choices—avocado green or harvest gold, and Noel Williams (the ‘W’) lived on the lot in a trailer with his wife. Now called M & W Home Sales, and located in Hemet, Calif., The Press …
