MarketWatch tells MHProNews MH component supplier Patrick Industries, Inc. (PATK) announces it has been added to the U.S. broad-market Russell 3000® Index and small cap Russell 2000® Index, “…honored to to have joined the prestigious group of companies that comprise the Russell 3000® Index,” says Patrick’s CEO Todd Cleveland. The …
AnchorageDailyNews reports from Waco, Texas Warren Buffett’s Berkshire Hathaway has been out shopping again, this time buying two Texas newspapers—the Bryan College Station Eagle, announced earlier this month, and now the Waco Tribune-Herald. With 124 employees and a Sunday circulation of 39,000, the Herald-Tribune fits Buffett’s expressed interest in buying …
MarketWatch reports the Philadelphia Federal Reserve in its June Business Outlook Survey states manufacturing in the region is down for this month as firms noted a decline in new orders and shipments. Employment remained nearly the same, but average hours fell. More companies experienced a decline in prices for their …
TheGreenevilleSun reports from Knoxville, Tennessee the Clayton Family Foundation has sponsored a 5,000 square foot water park at the Knoxville Zoo. The “Clayton Safari Splash” includes life-size giraffes spouting water, large water hoops, and sprays that shoot water several stories high amid giant flowers. Speaking at the opening on behalf …
SouthFloridaRealEstate tells us the Stoll Manor Mobile Home Park in Lakeland, Florida has been sold to an Illinois buyer for $2.15 million. Stoll Manor is an all-age community founded by C.J. Stoll in 1993 with 239 home sites and several exercise amenities. Dan Mulkey, investments vice president in the Tampa …
MarketWatch reports Deer Valley Corporation is restructuring key management personnel to focus on several opportunities the company wants to explore. Joel Logan, president and general manager of Deer Valley Homebuilders (DVHB), Inc., will become executive v.p. and COO (Chief Operating Officer) of the parent company with responsibility for new business …
LosAltosPatch reports the first modular multifamily LEED (Leadership in Energy and Environmental Design)-Certified building in Silicon Valley, in California features exposed structural steel frame, Forest Stewardship Council (FSC)-certified wood exterior that comprises the modules, solar panels that provide 100% of the energy to the units, zero VOC (volatile organic compounds) …
NewsTimes tells us one of the strongest wind zones in the Northeast is on lower Cape Cod in Massachusetts, where winds during hurricane season typically reach 120 mph. A vacation home now being built by Modular Architecture of Wilton, Connecticut, with a spectacular view of the ocean front will feature …
Gizmag says a Chinese company will construct the world’s tallest building in just 90 days using modular construction. The Broad Group says the 2,750 foot Sky City One will stand 33 feet taller than the current tallest building, the Burj Khalifa in Dubai, named after UAE (United Arab Emirates) President …
EnterpriseNews tells us 450 MHC homeowners from two different MHCs in Carver, Massachusetts, in the southeast part of the state, may soon become their own landlords. The nonprofit ROC (resident-owned communities) is assisting in the $23 million deal for Pine Tree Village and Cranberry Village to become community-owned co-ops, which …
Apartment Realty Advisors (ARA) created National Manufactured Housing Group (NMHG) to focus on MH and RV communities. Their new division sealed the deal on 16 MHCs in the last 12 months. From the 236 site Pocono Park in Wilkes-Barre, PA to Fairway Villas in Acworth, GA with 225 home sites, …
KnoxNews says Clayton Bank and Trust of Knoxville, Tennessee will take over the assets and operations of all four branches of Farmers Bank of Lynchburg, TN that were shut down by regulators on Friday, June 15. According to the Federal Deposit Insurance Corporation (FDIC), Farmers had $156.4 million in deposits …
With manufactured housing increasing production nine consecutive months, as MHProNews has noted previously, smallcapnetwork says the time might be ripe to get into the manufacturing and modular housing market. Cavco Industries (NASDAQ:CVCO) reports net sales for the entire fiscal year 2012 hit $443,066,000, an increase of 156% over last year, …
KeystoneEdge in Pennsylvania reports Ben Franklin Technology Partners of Northeastern Pennsylvania invested $60,000 in high-end modular home builder Taylored Building Solutions in Taylor, Lackawanna County, to update a computer program for tracking financial functions. Ben Franklin Technology Partners (BFTP) is a venture capital investment company that partners start-up tech firms …
9and10news from Michigan reports Lippert Components, Inc. out of Goshen, Indiana announces Jeffey Few has been hired as the newly-created Director of Product Development to hone in on state-of-the-art technology and automation in design, machinery, and production. Few has experience in automotive and architectural design as well as a strong …
Berkshire Hathaway has offered to purchase the loan portfolio and mortgage division of Residential Capital LLC, known as ResCap, which filed for bankruptcy last month, according to Bloomberg BusinessWeek. A subsidiary of Ally Financial Inc., which make loans to auto buyers and finances auto inventories, and which itself is owned …
LoanSafe reports from Wichita, Kansas, the Wichita Eagle says six MHCs in the Wichita area owned by American Residential Communities, Inc. (ARC) will be auctioned off online June 26 and 27. The Denver-based owner is offering nearly half of its local portfolio, comprising 830 homesites, which are 40 percent occupied …
Following up on a story we posted June 5, 2012, ctbulletin reports the Milford, Connecticut Planning and Zoning board delayed a vote regarding Garden Homes Management proposal for a 36-unit affordable housing project near Ryder Woods Mobile Home Park, and another MHC currently under construction. A Ryder Woods resident insists …
SouthCoastToday reports from Acushnet, Massachusetts the town meeting voted 43-33 to institute a three person rent control board for the local MHCs in the community. Proponents say rents have increased much more quickly than in the past, making it tough for seniors on fixed incomes. One MHC owner, saying he …
A Los Angeles architecture and interior design family business is recycling classroom trailers into low-cost but chic modular homes. According to the LATimes, research+recycle can seam two of the units that measure 24 feet by 40 feet together or reconfigure the individual units, as well as raise the ceilings 15 …
