MarketWatch says real estate investment trust (REIT) Sun Communities, Inc. reported its second quarter 2012 financials. For Q2 2012, funds from operations (FFO) increased to $22.7 million, $.77 per share versus $16.4 million in the comparable 2011 quarter, which produced $.70 per share. Net income for the second quarter 2012 …
According to MarketWatch, reflecting an 15 percent increase in revenue from the manufactured housing industry, Patrick Industries, Inc. (+8.19%) of Elkhart, Indiana reported net sales for the second quarter of 2012 rose 39.9 percent, or $33 million, over the $82.6 million of the same quarter in 2011. Net income for …
mcall reports from the Lehigh Valley in Pennsylvania Love Homes and its owner, Lawrence Higgins, in Lower Macungie Township are in danger of losing licenses necessary to conduct its retail business of selling manufactured housing. A Pennsylvania Department of Banking order issued in March, 2012 has accused Love Homes of …
DocStoc reports billionaire investor Sam Zell has donated $5 million to the University of Michigan, his alma mater, for a comprehensive entrepreneurial law clinic called ZEAL, the Zell Entrepreneurship and Law Program. Zell says: “My goal with entrepreneurial ventures at the university has always been to create cross-pollination across multiple …
MarketWatch reports Troy, Michigan-based Champion Home Builders, Inc. announces the acquisition of Athens Park Homes of Athens, Texas, a manufacturer of HUD Code and Park Model homes. Jack Lawless, Champion Homes CEO, says, “The acquisition of this respected company provides us with much needed additional capacity in Texas, where we …
NewPortRicheyPatch says Walden Pond Mobile Home Park in New Port Richey, Florida is closing as the result of Tropical Storm Debby and residents must be out by July 31, 2012, according to a letter dated July 6 and sent under the letterhead Walden Pond LLC. Owner Paul Beraquit says because …
MarketWatch tells MHProNews Universal Forest Products, Inc. (UFPI) reported net earnings of $17.5 million for the second quarter of 2012 on net sales of $593.2 million, a 9.1 percent increase over net sales of $544.1 million that produced net income of $4.3 million for the second quarter of 2011. Net …
According to sacbee, Drew Industries, Inc., will release its second quarter financial results prior to the market opening on Thursday, Aug. 2, 2012. At 11 AM Eastern Time that same day the company will host a conference call to discuss the financials and other business matters. A question and answer …
staceypageonline reports the Syracuse (Indiana) Town Council honored a request from Patrick Industries for a ten year tax abatement on personal property and a three year real estate abatement for expanding its operations into the former Liberty Homes facility, which will bring 65 new jobs to the area. The state …
Patrick Receives Incentives to Expand, Add Workers Read More
The LansingStateJournal reports Moon Lake Estates MHC between Bath and Perry Michigan needs major water and sewer improvements following a power failure and two water main breaks that has led to a notice from the Michigan Department of Environmental Quality (DEQ) for residents to boil water. The community’s license was …
MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes …
MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes …
From its manufacturing plant in Durant, Oklahoma, Icon Construction has completed the delivery of five modular classroom buildings and the relocation of five previously sited modular classrooms in Anadarko, OK at Riverside Indian School southwest of Oklahoma City. From timesunion, MHProNews has learned Riverside is the nation’s oldest federally operated …
JournalPioneer states Tim Banks, a member of the Board of Governors of Killam Properties of Halifax, Nova Scotia, Canada and CEO of design and construction firm APM of Prince Edward Island (PEI), Canada spent time at the Boys and Girls Club in Summerside, PEI. Killam and APM are each donating …
BusinessWire reports Funds From Operations (FFO) for Equity Lifestyle Properties, Inc. (ELS) for the three months ending June 30, 2012 were nearly $20 million more than the comparable three months in 2011–$47.8 million versus $28.2 million. Net income for the three months ending June 30, 2012, however, was $2.1 million …
IstockAnalyst tells MHProNews.com Universal Forest Products, Inc. (UFPI) is anticipated by Wall Street to announce a $0.71 per share earnings report for second quarter, 2012 before the market opens Fri. July 20 with a conference by management immediately following. But iStockAnalyst‘s Rich Bieglmeier expects the report will be $0.84 per …
RVDailyReport says Kinro, Inc., a subsidiary of Drew Industries, Inc. and supplier of components for the recreational vehicle (RV) industry, announces that it has acquired the thermoforming design and production operation of Agile Vehicle Modifications, which produces plastic components for the original equipment manufacturer (OEM) and the aftermarket industry. Acquisition …
Lotwenterprise reports that modular builder Wincrief Homes of Kenora, Ontario, Canada received its certification from the Canadian Standards Association to supply municipalities and First Nation peoples with modular homes. Unlike the company’s ready-to-move (RTM) homes, modular homes are eligible for financing through banks. A subsidiary of Wincrief Forestry Products, the …
Benzinga reports Warren Buffett has changed his tune from a year ago when he noted most everything in the economy was improving except residential housing, for which he now sees a demand in the rental market. He says although Europe is in worse shape now than six weeks ago he …
Following a story we last published Sept. 19,2001 concerning the five year battle over a proposed development of two MHCs in Oxford, Connecticut, Garden Homes Management has resubmitted plans for the property, this time proposing 126 manufactured homes, reports the oxford-ctpatch. Opposition has come from the neighborhood and the Oxford …
