Company News

MOD Prod. Moves into School

According to the superiortelegram, the tiny town of Maple, Wis. (pop. 749) will see its revered old schoolhouse revived as a modular home manufacturing plant that will employ up to 30 people. The only other large employer in this far northwestern corner of the state is the school system, which …

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Killam becomes Interactive

Killam Properties, Inc. says the company has partnered with Corporate Research Associates to offer residents of its manufactured housing communities and apartments the opportunity to offer suggestions and opinions through on-line surveys. Participation is voluntary, personal information will not be shared, and responses will be collected in aggregate and not …

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UMH Goes Shopping

StreetInsider informs MHProNews that UMH Properties, Inc. (NYSE:UMH) has finalized its deal for ten all-age MHCs for $67,500,000, a total of 1,654 developed home sites to add to its portfolio. The acquisition includes five communities in Ind., four in Penn., and one in Mich., with an average occupancy of 85 …

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Elkhart Ind. is Bustling

Lippert Components, Inc., component supplier to the manufactured housing and recreational vehicle industries, is part of a strong industrial growth pattern in Elkhart, Ind, as etruth informs MHProNews. Lippert began as a steel fabricating plant in rural Michigan in the 1950’s, and has been fabricating chassis for manufactured housing since …

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Pro Athletes Fund Low-income Housing

OurMidland reports grants from two community development organizations have helped the United Athletes Foundation (UAF) launch their $100 million tax credit equity fund program to invest in low to moderate mixed-income residential rental properties throughout the nation, and encourage corporations to do the same. A 501 © (3), UAF is …

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MH Component Supplier to take over former MH Plant

As statesmanjournal informs MHProNews, the Silverton (Ore.) Planning Commission voted to approve an application by Universal Forest Products, Inc. (UFPI) to move into the former Champion Homes’ Redman Housing facility in the city’s industrial park. The wood-product manufacturing plant would consolidate operations now being conducted at nearby Woodburn and McMinnville, …

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Another Shipping-Container-to-Modular-Home Story

An addition to the list of companies converting shipping containers into modular homes is Danish architectural firm Arcgency, which allows buyers to customize their homes as to size, layout, design, and interior. Gizmag tells MHProNews the shipping containers are stacked two-high with a sloped roof to catch the sun for …

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Foldable Modular for Catastrophes

SmartPlanet tells MHProNews two Argentinian architects have developed a foldable disaster relief modular structure that can be carried seven to a flatbed truck and unfolded and ready to use in 30 minutes. Made of insulated thermal panels, much like a grocery store’s cold storage room, the units can be connected …

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Palm Harbor Homes on Tour

The democratherald tells MHProNews the manufactured homes used to display the energy efficiency of a BASF HVAC system at the International Builders Show in Las Vegas were made by Palm Harbor Homes at their Millersburg, Ore. facility. The “BEYOND High Performance” homes are built to achieve a Home Energy Rating …

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Patrick Industries Doubles Income over 2011

Etruth reports from Elkhart, Ind. RV and MH component producer Patrick Industries, Inc. announces fourth quarter 2012 net sales of $106.1 producing net income of $3.2 million, versus 2011 Q4 sales of $78.3 million with $1.5 million net income. For 2012 net sales increased $129.6 million over 2011 to $437.4 …

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Modular Homes for DIY-ers

The Recorder reports from Greenfield, Mass. an area builder has begun producing DIY modular eco-kits for people who want to build their own energy-efficient homes. Each Noble Home is custom designed to the owners specifications, and the kits include thick plastic foam core wall and ceiling panels, exposed beam truss …

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Modular Project Headed for the Drain

Updating a story we ran Feb. 18, 2013 concerning Ridgefield Modular Home Corp.’s application to build a modular housing complex comprised of six units in two buildings in Ridgefield, Conn., according to ridgefieldpatch the Inland Wetlands Board (IWB) intends to deny the application based on insufficient information about drainage and …

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Drew’s Financials Show Growth

DailyMarkets says Drew Industries, Inc. (NYSE:DW) reports net sales for the fourth quarter ending Dec. 31, 2012 totaled $200 million, 25 percent higher than Q4 2011. Net income for the period grew 39 percent over last year’s comparable period, from $4.1 million to $5.7 million, although an executive succession after-tax …

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Modular Housing Set for Kansas

KWCH-TV 12 reports from Anthony, Kan., housing is in such short supply due to the demand for housing from oil field workers tapping into the Mississippi Limestone formation, the Anthony City Commissioners have approved a special use permit to allow six modular units to be sited in the southeast corner …

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GMHA Moves to Historic Building

Jay Hamilton of the Georgia Manufactured Housing Association (GMHA) informs MHProNews his office has moved to an early 1900’s railroad depot in the downtown Historic District of Forsyth, Georgia. The Southern Railway and Central of Georgia Railway traveled through Forsyth between Macon and Atlanta. GMHA’s new contact information is 199 …

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Killam Announces Monthly Dividend

NewswireCa tells MHProNews Halifax, Nova Scotia-based Killam Properties, Inc. (TSX:KMP) announces the board of directors has declared a monthly dividend of $0.04833 per share that will be paid to shareholders of record Feb. 28, 2013 on March 15, 2013. This is the same monthly dividend amount that was paid Nov. …

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Key West Property Transforms into MHC

KeysNews reports Carefree RV Resorts, with 61 communities across the nation, is transforming the Sunset Harbor Trailer Park in Key West into Sunset Harbor Community, which will become a no age restriction manufactured housing community with 77 new HUD Code pastel homes. The price of the Jacobsen Homes, built to …

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More Modular Housing Opens in North Dakota

PRWeb informs MHProNews M SPACE has begun leasing studio, one and two bedroom modular homes in the Bakken oil field area in western North Dakota. The 114 Ponderosa and 46 Ridgeview furnished homes began welcoming new residents in January in this oil boom town where some people earning $100,000 annually …

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UFPI Income Quintuples over Prior Year

MHProNews has learned from BusinessWire, Universal Forest Products, Inc. (UFPI), component supplier to the manufactured housing industry, posted net sales for 2012 of $2.1 billion, 12.8 percent better than 2011. Net income for 2012 of $23.9 million more than quintupled the $4.5 million net in 2011. While net sales for …

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