Futures and Commodity Market News reports that SmarTrend, that inveterate follower of 5,000 stocks daily, says Cavco Industries (NASDAQ:CVCO) has the lowest Forward Earnings Yield (FEY) in the homebuilding industry. Based on projected earnings for the year, Cavco is at 0.11% FEY, followed by Meritage (NYSE:MTH) at 0.14%, and Toll …
RVBusiness says the Vancouver Sun reports a new community of factory-built micro cottages is being developed at Port Renfrew, British Columbia, in Canada. The first 40 unit phase of the Wild Coast Cottages Oceanside, each 400 square feet, is nearly sold out. The second, Water’s Edge at Wild Coast Cottages, …
MHProNews has obtained the official list of award winners from the 2011 Manufactured Housing Institute (MHI) annual meeting held earlier this week in Phoenix AZ. MHI’s Chairman Award: Tim Williams, President, 21st Mortgage Corporation State Association Executive of the Year: Deanna Fields, Executive Director, Manufactured Housing Association of Oklahoma Jim …
ArgusLeader reports modular producer Builders Choice will open in Vermillion, South Dakota, later this month adding 30 jobs initially, with expectations to double that number by year’s end 2012. Company president Mark Larson says this site was chosen for the available labor, central location, and access to transportation. The Anchorage-based …
Alaska Modular Builder to Begin Production in S. Dakota Read More
DailyItem reports from Pennsylvania that two modular home builders, Integrity Building Systems Inc., of Milton, and Icon Legacy Custom Modular Homes LLC, of Selinsgrove, have agreed to merge operations by year’s end. Icon Legacy, owned by Don Stimley, has been in business four years in Selinsgrove. Stimley will lead the …
BerksmontNews reports the MH retail business Leo Houck began along Old Route 22 west of Hamburg, Pennsylvania, is now located in Shoemakersville, just north of Reading, and is celebrating its fiftieth birthday. His daughter, Athian Wilson, took over the business after he passed away in 1973, and now operates it …
SustainableBusinessOregon reports Ideabox is developing a five-home neighborhood community based on the small homesite idea of manufactured housing communities. Founder and CEO Jim Russell says, “The goal was to take tiny lots and see what we can do with them. We’re trying to create a small, livable community. We wanted …
The Prescott Daily Courier states the report of a Chino Valley contractor noted faulty drainage hook-ups in a recent conversion of septic tanks to sewer lines in Chino Meadows 2 manufactured home community. Of 171 homesites inspected, eleven needed extensive repair due to sewage back-up and sagging drain lines, 105 …
Conversion from Septic to Sewer Results in Problems Read More
CityBiz in Philadelphia reports that MHC operator UMH Properties, Inc., based in Freehold, NJ has passed a resolution to increase the size of its board of directors from nine to ten members. According to Eugene W. Landy, UMH Board Chairman, the tenth spot will be filled by Stuart Levy, vice …
UMH Adds Board Member with International Banking Ties Read More
Humans Invent reports that architect David Morton, of the UK, took his inspiration for building modular housing from his love of the Mini Cooper automobile, which was originally built in response to the Suez Oil Crisis of 1956, and the subsequent oil shortage. His BoKlok UK modular houses respond to …
Architect Develops Modular House with Ideas from Small Car Read More
Investors reports SmarTrend, that inveterate tracker of 5,000 stocks daily, says as measured by dividends, the number one company in the Residential REIT (Real Estate Investment Trust) Industry is UHM Properties (UMH). It ranks at the top with a dividend yield of 7.7 percent, followed in second place by Sun …
MHMSM.com is moving to a new more powerful cloud server this weekend. The move will begin Friday night at 11 PM CDT and it is anticipated the move will be completed by noon Saturday, CDT, Sept. 24. Next weekend we will unveil our new format.
The Dagger Press reports from Aberdeen, Maryland, that Bruce E. Garner will seek re-election to the Aberdeen City Council in the municipal election balloting in November. A 35-year veteran of the manufactured housing industry, Garner served ten years as general manager for a large manufactured home retailer in the northeast, …
The New York Times reports when Pilar Proffitt and Robert Bristow received estimates of nearly $1 million for building a home for their family of five in rural Connecticut, they opted instead for a customized modular home that fit in with the dairy farm surroundings, and cost under $500k. The …
Modular House Customized to Blend with Rural Setting Read More
Zacks reports Sun Communities,’ Inc. (NYSE:SUI) stock has risen eight percent in a one month period, jumping from $36.97 to $39.92 today. SmarTrend, which analyzes over 5,000 stocks daily, predicted an uptrend for the MHC owner Aug. 16. The 52-week spread has been from $29.21 to $40.21. The current price …
The Staten Island Advance reports the multi-story modular apartment building being assembled in Tompkinsville, New York, is attracting quite a bit of attention. Funded with a mix of government subsidies and private investment, the project will be managed by the Community Agency for Senior Citizens (CASC). A collaboration of the …
WNDU-TV reports from Elkhart County, Indiana, that Hi-Tech Housing, Inc. will double its employee roster to meet the Federal Emergency Management Agency’s (FEMA) demand for 500 additional emergency housing units for North Dakota residents routed by the flooding of the Souris River this past spring. Based in Bristol, IN, this …
Northern Indiana factory builder gets temporary shot in the arm Read More
The New Haven Independent in Connecticut asserts that Garden Homes Management Corporation has plans to develop two manufactured home communities in Oxford. The filing with the Planning and Zoning Commission for the first proposal, called Oxford Commons, would have 99 multi-section manufactured homes on 32 acres. The second project, Donovan …
Bloomberg News reports that Bank of America (B of A), the nation’s largest mortgage servicer, has a solution for disposing of the worst abandoned and foreclosed homes. B of A will work with a local agency in Cleveland to demolish 100 homes. Gus Frangos, president of the Cleveland-based Cuyahoga County …
Proven Method of Ridding the Market of Unwanted Foreclosed Homes: Bulldoze Read More
The Dickinson Press in Dickinson, North Dakota, reports a modular housing complex to house workers for an oil company will be constructed on the grounds of the old Fryburg School. Energy Resource Group received a special use permit from the Billings County Commission for the project that will house 200 …
Modular Housing for Oil Field Workers Rising in ND Read More
