The Wall Street Journal states Warren Buffett’s announcement of having prostate cancer set the street buzzing with who may be his successor. Financial researchers culled the Oracle of Omaha’s annual letters to shareholders since 1977, some 400,000 words, and determined Ajit Jain, head of Berkshire’s reinsurance division, was mentioned the …
To follow up on our report of United Forest Products, Inc. (UFPI)’s Q1 financials, TheStreetRatings has upgraded the company’s stock UFPI:Nasdaq) from hold to buy. Revenue, sales, net income (up 213.2% Q1 2012 compared to Q1 2011), and net operating cash flow have all increased in one year, and some …
From ReporterHerald in north central Colorado MHProNews.com learns the former site of modular home manufacturer Barvista Homes is the new home of PTI Group USA. Taking over a 103,000 square foot building, this producer of modular workforce accommodations for oil field workers is out of Edmonton, Alberta, Canada, but is …
California’s MyMotherLode informs MHProNews.com an Angels Camp, CA company helped replace a hospital that was destroyed during the May 22, 2011 F5 tornado that hit Joplin, Missouri, killing 161 people. Aspen Street Architects assisted in the design of the 150,000 square foot modular building composed of 224 structural steel components, …
Advfn tells MHProNews.com Universal Forest Products, Inc. (UFPI) reports its first quarter 2012 sales have increased 18 percent and its earning were up $7.8 million over Q1 2011. Its manufactured housing division posted gross sales of $63 million for the quarter, a 34 percent increase over same period 2011. UFPI …
MHProNews.com has learned from 4-Traders Drew Industries. Inc. will release its first quarter 2012 financial results before the market opens Thursday, May 3, 2012. The company will host a conference call that same day at 11 AM to discuss the results. Through its wholly-owned subsidiaries Kinro and Lippert Components, Drew, …
As follow-up to a story we posted Jan. 2, 2012, Stardust Cruisers, the luxury houseboat company in southeastern Kentucky that transformed its production line to build modular homes, has completed its second energy-efficient modular home, utilizing the same material used in making houseboats. Kentucky Highlands Corporation, Kentucky Housing, and the …
GlobeSt reports from Chevy Chase, Maryland multifamily real estate investment firm Federal Capital Partners (FCP) has invested $29.5 million in a 1,358 manufactured home site portfolio with communities in Pennsylvania, North Carolina, and Maryland. MHProNews.com has learned FCP is teaming with current portfolio owner Horizon Land Co. FCP Managing Partner …
RTTNews reports UMH Properties, Inc., is adding eleven MHCs in Pennsylvania and New York to its portfolio at a cost of $28.25 million. The all-age communities comprise 966 home sites and have an average occupancy of 92 percent. MHProNews.com has learned the acquisition is scheduled to be finalized by the …
Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces it will release financial results for the first quarter ending March 31, 2012 on Tuesday, May 8 after the close of the market. A conference call discussing the results will ensue the following day, Wed. May 9, 2012 at 10:00 AM …
RVBusiness tells MHProNews.com that Skyline Corporation reported for its fiscal third quarter ending Feb. 29, 2012 total net sales of $36.8 million, a 16 percent increase over the $31.8 million for the same period last year. Net loss for the fiscal third quarter amounted to $7.4 million, an improvement from …
Simcoe reports from north of the border a multi-story modular home comprised of 15 modules, was assembled in one working day in Meaford, Ontario, Canada, north of Toronto. “This one was a particularly large one. We wanted to put something together that shows what is possible with modular homes,” says …
MHProNews.com has learned from Calgary, Alberta, Canada Okaply Industries has opened a new factory in Calgary. Based in Oka, Quebec, just north of Montreal, Okaply manufactures pre-finished gypsum, MDF, plywood, particleboard, shelving and moulding for the manufactured and modular housing industries. The company services clients in Canada, parts of the …
OilandGasFinancialJournal says the DRC Group of Mobile, Alabama has installed a 100-room manufactured housing facility for personnel working the Eagle Ford Shale formation that runs from the southeast U.S. Mexican border northeast several hundred miles to north of Houston. MHProNews.com has learned Houston-based Apache Corp. and EOG Resources are two …
Oil and Gas Exploration Industry House Workers in MH Read More
Based on sales growth of shares, two of the top five residential real estate investment trusts (REIT)s are MHC owners. Equity Lifestyle Properties (ELS) tops the list with a sales growth of 31 percent, nearly twice that of second place Mid-America Apartment Communities at sales growth 16.1. Essex Property Trust …
The AspenTimes reports non-profit Roaring Fork Community Development Corp. (RFCDC) bought the Pan and Fork Mobile Home Park in Basalt, Colorado last year and has submitted preliminary plans to the town government to redevelop just under half of the property into a 112,000 square-foot combination retail, hotel, classroom, non-profit organizations, …
MHC to be Redeveloped into Commercial, Non-profit, and Park Read More
NaplesNews tells MHProNews.com Jacobsen Homes of Safety Harbor, Florida has rolled out its new 495 square-foot Starfish Home. Measuring 13′ 4” by 37 feet long, this one-bath, one-bedroom manufactured home has the kitchen and bath amenities of much larger homes, including space for a washer/dryer combo and cathedral ceilings. The …
At the Modular Building Institute’s (MBI) annual conference in Orlando, Florida last week, the president of Whitley Manufacturing, Simon Dragan, was inducted into the association’s Hall of Fame as part of its World of Modular event. A veteran of the modular industry for over 30 years, Dragan came to the …
Modular Trade Association Honors Hall of Fame Inductee Read More
Faqs tells MHProNews.com Tampa, Florida-based Deer Valley Corporation (DVLY:OTCBB) has agreed to purchase all of the company’s outstanding preferred stock from its majority shareholder, Vicis Capital Master Fund, as well as 1,096,291 shares of Deer Valley’s common stock. The option also gives the company the right to repurchase 12,310,359 shares …
WisconsinRapidsTribune tells MHProNews.com Ferkey Builders has received preliminary approval for a modular home community for people 50 and older in the central Wisconsin town of Saratoga. The 48 homes would each be sited on a half-acre with one bedroom models starting at $100,000. A resident who said the town’s ordinance …
