Benzinga reports Wed. July 11 BMO Capital Markets downgraded Sun Communities, Inc. to market perform from outperform and repeated its $45.00 target. Benzinga compliments Sun on its balance sheet metrics, dividend coverage, and net operating income (NOI), and notes its affordable housing option continues to thrive. Sun (NYSE: SUI) closed …
Harking back to a story we published June 8, 2012, the Milford, Connecticut Planning and Zoning Board approved plans for a 36-unit multifamily development after receiving a report from the Department of Energy and Environmental Protection (DEEP), as well as the city’s health department, that development of the site posed …
MySanAntonio tells us the western edge of the Eagle Ford Shale near Interstate 35 south of San Antonio is drawing workers to the drilling fields where an additional 7,900 workers will be needed by 2025, but housing remains a problem. Banks are generally reluctant to lend money for rural housing …
LousivilleCourier-Journal states Bob Lane, executive director of the New Albany (Indiana) Historical Society says the first prefabricated house in the country came out of the Gunnison Housing Corporation in New Albany in 1936. Foster Gunnison, a lighting director from New York who was involved with the construction of Radio City …
chron tells MHProNews.com the Army has contracted to build a four story modular housing unit at Fort Sam Houston in San Antonio, Texas with Energy Star roofing, waterless urinals, 50% waste reduction system, hydronic heat pump system, and 20% recycled materials, qualifying it for LEED Silver Certification. Ramtech Building Systems …
SacramentoBee reports MHC owner UMH Properties, Inc. of Freehold, New Jersey, declared its quarterly dividend of $0.18 per share to shareholders as of Aug. 15, 2012, payable Sept. 17, 2012. The quarterly dividend for the preferred stock, owed and payable the same dates, is $0.515625 per share. MHProNews.com has learned …
Charges of unfair labor practices lodged with the National Labor Relations Board (NLRB) against Blu Homes of Vallejo, California by San Francisco’s Carpenters Union Local 180 have been mostly dismissed, according to ModularHomeCoach. When Blu moved to CA last fall from Massachusetts and renovated part of an old Naval base …
Citiadr reports Killam Properties, Inc., (TSX: KMP) based in Halifax, Nova Scotia, Canada, will release its financial results for the second quarter ending June 30, 2012 on Wed. Aug. 8, 2012 after the market closes. The following day, Thur. Aug. 9, a conference call will be held at 10:00 AM …
RVBusiness tells us that Ellen Kelleher, vice president-property management at Equity Lifestyle Properties (ELS) for almost 20 years, is retiring at the end of the year. Her duties will be assumed by others in the organization. Other personnel changes, and their new positions include: Peter Underhill, senior vice president-revenue management; …
The energy and mineral fields north and west of Friendship Homes in Montevideo, Minnesota are making the modular builder crank out seven modules daily, but that number is expected to rise to 12 in the near future. wctrib says the oil patch in western North Dakota, the destination for its …
SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) …
Following up on a story we published April 5, 2012 concerning ATCO Structures and Logistics of Alberta, Canada opening a modular production facility in Pocatello, Idaho, Manufacturing reports the Idaho State Journal says ATCO held a ribbon-cutting ceremony Wed., June 27 attended by Pocatello Mayor Brian Blad and company CEO …
The NorthKitsapHerald reports from Poulsbo, Washington incorrect serial numbers on a house, an MH paid for but not delivered, incomplete contracts, purchase and sale agreements withheld, and uncompleted work on a manufactured home are all charges being leveled at Kelly Rohr, owner of Golden Homes of Poulsbo, just outside Seattle. …
REIT (real estate investment trust) Sun Communities, Inc. reports from Southfield, Michigan its board of directors has declared a quarterly dividend of $0.63 per share for the second quarter of 2012, payable July 20, 2012 to share holders of record July 10, 2012. According to RTT News, Sun reported a …
Benzinga asks if investors should buy stock based on what Warren Buffett’s Berkshire Hathaway purchases. Alex Shek reports that on May 15, Berkshire reported General Motors and Viacom were added to its portfolio as of March 31. The obvious first question is, can it be worthwhile to buy what may …
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Daily Mercury reports from Australia, housing solutions company Tektum has developed a modular house with two to four bedrooms, 80% complete when it leaves the factory in one and one half standard shipping containers, and occupancy-ready within several days. The homes feature solar water heating, double-glazed windows, rain water recycling …
Aussie Modular for Residential or Industrial Housing Read More
MSNBC tells us Seth Jason at The Motley Fool says he judges company performance by comparing inventory increases to revenue increases: if inventory expands faster than sales, it could indicate a problem, one which he suggests may be happening at Cavco Industries. Trailing 12-month revenue rose 157.9% while inventory increased …
BusinessWire reports RW Middle East has begun work on a $98 million contract to build a modular residential development in Simawah, Iraq. The Iraqi Ministry of Housing chose Sama Al Douh Contracting and Real Estate Investments as the developer, and RW will design and build the precast modular units based …
Virtual-Strategy reports as an alternative to assisted living for an aging relative, Connecticut-based PALS Built offers handicap accessible modular additions attached to the primary home at a cost lower than that of assisted living. The modular units are manufactured by Practical Assisted Living Solutions, LLC. The newly appointed president and …
MyWestTexas reports within a few days of announcing an upscale 185-site MHC to be built in Midland, Texas, the developers received 380 inquiries from interested individuals. Project partners LubbockInvest and Great House Solutions of Odessa, TX, expect to keep the rates between $1200-1500 a month, which will include the site …
