Yahoo!Finance reports A.M. Best Co. has upgraded Standard Casualty Company’s financial strength rating to A-(Excellent) from B++ (Good) and its issuer credit rating to “a-” from “bbb”. Standard had been downgraded Sept. 17, 2010 because of the financial uncertainly of its parent company, Palm Harbor Homes. Palm Harbor and five …
CanadaWire reports Innovative Composites International,, Inc., of Toronto has inked a deal to supply Brazil S.A. with $160 million worth of EcoScape modular homes over the next three years. In the agreement with Brazilian contractor Millenium Brasil Limitada and consultant Green Intelligence Corporation, the large project homes will be shipped …
The National Association of Home Builders (NAHB) announces the appointment of John Courson to head the Home Builders Institute (HBI), the non-profit workforce development division of NAHB. His focus at HBI will be in job placement, mentoring, training, and developing new revenue streams. Says Donald Pratt, chairman of HBI’s Board …
MarketWatch reports Freehold, New Jersey-based UMH Properties, Inc., released its performance results for the nine months ending Sept. 30, 2011. Funds from Operations (FFO) amounted to $6,529,000, $.45 per share, as compared to $.62 per share on FFO of $7,813,000 for the same nine months of 2010. Net income attributable …
Bradenton reports Champion Commercial Structures, a division of Champion Homes, will team with Russell Building Group to build 83 housing units for Flint, Michigan’s, Smith Village Neighborhood. Funded by a Housing and Urban Development (HUD) grant, the homes will replace thousands of dilapidated houses that were demolished, with low to …
VancouverSun reports the brothers Goodjohn were at the edge of disaster a couple of years ago with their high-end modular business, and now have ten office employees, 30 on the production line, and sales approaching $20 million. Businessman W. Brett Wilson helped Karoleena, Inc., develop a business plan and invested …
Coloradoan reports that over the last 12 years in Fort Collins, Colorado, more than 340 families have been displaced from their MHCs by landowners seeking more lucrative commercial development. Now, another community is joining the ranks. The 32 families of Bender Mobile Home Park have been told by developer Gino …
MarketWatch reports that Champion Homes, Inc. has developed a marketing tool that will enable potential buyers to view different options on a manufactured or modular home by clicking on to Champion’s website. DiVE IN (Design Interactive Viewing Experience) offers a “virtual tour” of different floor plans, kitchen layouts, flexible spaces, …
EnterpriseNews reports from Massachusetts that Hometown America of Chicago has purchased Oak Point MHC in Middleboro, MA for $55 million, making it the largest real estate transaction in Middleboro history. The 1,000 acre 875 homesite community has homes clustered in neighborhoods, and includes a ballroom, exercise facility, and club house. …
TheGazette reports from Iowa City, Iowa, that Regency Mobile Home Park in Johnson County has been the target of complaints in recent years for poor water quality, abandoned homes, and charges of fraud. Johnson County does not have jurisdiction over enforcing improvements to the 230 homesite community; its board of …
SavannahNow reports the first of six modular homes that comprise the Wharf Street affordable housing project in Bluffton, South Carolina, just west of Hilton Head, is set to arrive this week. General contractor Beaufort Construction, Inc., has been building the foundations while the houses are being manufactured by Crestline Custom …
The ColumbiaMissourian reports the Columbia Regency Mobile Home Park has notified residents the community will close Feb. 29, following the owners request to rezone the property for apartments. Aspen Heights, which submitted plans for the apartments, says it will buy the property from Regency of Missouri only if the land …
UticaObserverDispatch in New York reports the site of the former Lincoln School in West Utica will be home to seven modular homes for first time buyers with low-to-moderate incomes. The Monday groundbreaking for the $1.5 million project by Rebuild Mohawk Valley will result in a more stable neighborhood, increased property …
Zacks reports SmarTrend marks Drew Industries in an uptrend, noting the stock for this manufacturer of components for MH and RVs has risen nearly 24 percent in two months. The online analyst says August 29 the stock was at $19.89 and is now at $24.03. The range over the past …
CapeCodTimes reports Jacques Lapointe, owner and developer of Pleasant Bay Homes of East Harwich, Massachusetts, has placed nearly 200 modular homes on the Cape since 1999. The most recent is a 4,600 square foot five-bedroom home overlooking the Atlantic Ocean in Orleans, MA for Dee Overton. “This was a paper …
LIBN reports from Smithtown on Long Island in New York that Veritas Villages of America plans to build 560 affordable modular homes, apartments and townhouses for U.S. military veterans and their families. Veritas intends to win grants from the federal government to provide veterans housing and qualify for the HUD-VASH …
Roll Call: Vets to Muster in Modular Home Community Read More
KRGVTV reports from Laferia, Texas, that an MH dealer with two pending civil cases against it has received a fresh batch of accusations alleging fraud. Park Girl in Laferia, in south Texas, has been accused of taking deposits for manufactured homes and then breaking the contract without returning the money. …
BoonvilleDailyNews reports from Boonville, Missouri, that modular home builder Fuqua Building Systems closed its plant here and its office in Bend, Oregon, earlier this month after over 40 years in business. At one time employing 175 in Boonville, Fuqua had ceased operations in May after a series of layoffs since …
Following up on a story we initially published March 17, 2011, MiamiHerald reports a multitude of homeowners in South Florida have filed separate legal claims against a German producer of Chinese drywall and the local distributor, alleging the drywall contains toxins that can cause breathing problems, emit foul odors, and …
LogCabinDemocrat reports from Little Rock, Arkansas, the Arkansas Manufactured Housing Association has bestowed its “Twenty-Year Membership Award” on Hawks Mobile Homes of Conway, AR. Kevin Hawks received the honor from AMHA Chairman Dwight Chandler for 20 continuous years of membership, during the association’s 40th annual convention at the Peabody Hotel …
