Yahoo!News’ TrendingNow has a time-lapse video of a 30-story, 183,000 square-foot modular hotel being built in China’s Hunan Province near the Dongting Lake in 15 days. Teams from China’s The Broad Group worked around the clock, non-stop, attaching the modules to a steel structure. According to the builders, the hotel …
Before the housing bubble burst, builder Howard Kipnes would buy land speculatively and then build the home upon receiving a contract. That ended with the housing bust. Newsdays tells MHProNews.com that according to the U.S. Census Bureau, permits for single-family homes on Long Island, New York, fell to 90 in …
Following up on an article we ran Nov. 21, 2011 about the May 22 tornado that wiped out one-third of Joplin, Missouri’s housing, KOAMTV tells MhproNews.com some residents are up in arms about three modular homes moving into a neighborhood of traditional homes. The neighbors are concerned the units, built …
DeLuxe Building Systems, Inc., the largest privately held steel and concrete modular building manufacturer on the east coast, recently announced the opening of a new, onsite production facility to manufacture precast, noncombustible concrete panels. The company says having a concrete facility onsite means that the pre-cast concrete panels used in …
DeLuxe Opens Facility to Manufacture Precast Concrete Panels Read More
ChiefExecutive tells MHProNews.com 69 percent of chief executives in their CEO Confidence Index expect an increase in revenues in 2012, and 42 percent anticipate more capital expenses, although Berkshire Hathaway chairman Warren Buffett is ahead of the pack. The owner of Clayton Homes through Berkshire, with $40 billion in cash …
A report from the BOI Fair 2011 in Bangkok, Thailand, says the Siam Cement Group (SCG) of Thailand is looking to invest five billion dollars in Southeast Asia, especially Vietnam, Indonesia and the Philippines, countries where it already has a strong presence. As BusinessMirror tells MHProNews.com, in keeping with the …
ReutersAfrica reports that U.S. business magnate Sam Zell, chairman of Equity Lifestyle Properties, the real estate investment trust (REIT) that owns over 134,000 manufactured housing homesites in North America, is in talks to buy a controlling interest in Brazil’s Grupo Tha. At 115 years of age, Grupo Tha is the …
MHProNews.com learned the stock of MHC owner Sun Communities Inc. has been upgraded by equity analysts at BMO Capital Markets from “market perform” rating to an “outperform” rating. LocalizedUSA reports as of Dec. 31, 2009, the real estate investment trust (REIT)’s portfolio was comprised of 136 properties, 124 of which …
Following up on a story we posted Feb. 14, 2011, Stardust Cruisers in Wayne County, Kentucky, finished two prototype modular homes recently sited on foundations. Boat sales have declined with the drop in the economy, and the company was seeking an alternative product. In a collaborative effort with the University …
MHProNews.com has learned that Clayton Homes founder Jim Clayton has chosen Alabama banker Eric Hamilton as president and CEO of Clayton Bank and Trust of Knoxville, Tennessee. Clayton, 77, stepped back into the role after Matt Daniels left in 2007, and had hoped to fill the position the following year, …
MHProNews.com has learned UMH Properties, Inc., in a Form 4 Filing with the SEC, says director Steven Wolgin bought 5,800 shares of UMH stock over the past 12 months, but did not sell any shares. MMDNewswire also reports during the same period, 6,352 shares of UMH stock were sold by …
The OmanObserver in the Middle East tells MHProNews.com that the rapid growth in the use of modular buildings has led Al Anseria Engineering Services to establish Modular Building Solutions (MBS), specializing in container conversions and insulated metal cabins. Noting they have many applications, from low-cost housing and offices to guard …
Following up on a story from July 22, 2011, MHProNews.com has learned from the Journal-Topics of northwest Chicago, Glenview’s Sunset Village land lease community may be sold at auction following the Federal court’s denial of bankruptcy protection for the owners. Owned by Sunset Village Limited Partnership (SVLP), of which Richard …
MHProNews.com has learned that a cherry orchard in Gilroy, California, just south of the Bay Area, may see 349 manufactured homes sited among the cherry trees. According to the GilroyDispatch, the development will be aimed at active older adults and will help Gilroy meet its state affordable housing goals. CW …
The U.S. Consumer Product Safety Commission, in cooperation with Navien Instantaneous or Tankless Water Heaters, recently announced a voluntary recall of several tankless water geaters. Consumers should stop using recalled products immediately unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product. The heaters …
Of the top three companies with the highest dividend yield in the residential REIT (real estate investment trust) industry, the first and second rank are MHC owners. FinancialNewsNetwork tells MHProNews.com UMH Properties, Inc., is highest with a yield of 7.9 percent, followed closely by Sun Communities, Inc., with a dividend …
GoshenNews reports from Goshen, Indiana, that employees of Lippert Components, Inc., donated gifts valued at more than $5,000 to members of the Boys and Girls Club of Goshen who otherwise would not have a Christmas. Food was provided to many families during the holidays, and 175 gift bags were distributed …
Employees of MH Component Manufacturer Help the Needy Read More
Mortgage company PHH Corp. watched its stock fall nearly 15 percent last week after Standard and Poor’s Rating Services downgraded the company’s credit and unsecured debt from BB+ to BB-, according to HousingWire. S & P does not think PHH can repay the $423 million in debt due in March …
MHProNews.com has learned from the LosAngelesTimes the owners of the Village Trailer Park in Santa Monica want to develop the 109 home site land lease community (LLC) into a 400,000 square-foot mixed-use retail, residential, and office complex. The four acre community was saved from extinction in 2007, but the owners …
MHProNews.com has learned from the Maine Public Broadcasting Network that Katahdin Cedar Log Homes has won a contract to supply China with factory-built homes. The initial building will be a 10,000 square- foot reception center on the shores of a man-made lake in Chengdu, in Southwest China, to serve as …
