CityBizlist of Charlotte/Raleigh, North Carolina says that Horizon Land Company of Crofton, Maryland, has closed a $1.15 million sale of shares to 14 investors of Winston Salem Investments. Meanwhile, CityBizList of Maryland reports, according to a filing with the U.S. Securities and Exchange Commission (SEC), that Carolina Village MHP (Mobile …
The Bellingham Herald reports from Bellingham, Washington, that Puget Sound Energy (PSE) is going door-to-door to manufactured home owners, offering free energy-efficient devices valued at $500. Any PSE customer that has forced-air heating is eligible for upgrades that include energy efficient light bulbs, water faucet and shower head aerators, pipe …
Power Provider Offers MH Customers Free Energy Upgrades Read More
The Sacramento Bee reports in PRNewswire that UMH Properties, Inc. (NYSE Amex:UMH), is making a public offering of 1,000,000 shares of Series A Cumulative Redeemable Preferred Stock. The underwriters, J.P. Morgan Securities LLC, may also purchase up to 150,000 shares of the stock under a 30-day over-allotment option. UMH is …
The Times & Transcript reports from the province of New Brunswick, Canada, that the Kent Homes plant in Bouctouche, New Brunswick, is creating 70 jobs under a $500,000 payroll rebate from the provincial government. This will bring the total workforce to 250 with a payroll of $9 million a year. …
The Nottingham News from Central England says Nottingham College and Eco-Modular Housing, Ltd, have collaborated to build a fully furnished modular home on the campus to teach students low carbon home construction. Made from old shipping containers, the prototype was completed from setting the base to turning on the power …
British Company Building Modular Homes from Shipping Containers Read More
Zacks reports that Encore Wire Corporation (NASDAQ:WIRE), which makes a variety of interior copper wire for manufactured housing, apartment, home building, and commercial industries, has managed to prosper in spite of the housing crunch, even outpacing Zacks’ expectations. Eighty percent of its revenues are from non-residential building. The spread between …
Zacks reports that SmarTrend says of the five companies in the home building industry with the highest Price to Last Quarter Annualized (LQA) Sales ratios, Cavco Industries (NASDAQ:CVCO) ranks third with a Price LQA Sales of 1.46x. The formula is used to compare comparable companies and the lower the ratio, …
Cavco is Undervalued According to SmarTrend Analysis Read More
MHMSM.com acknowledges with regret errors in an earlier story, Canadian Company Sending Temporary Modular Units to Japan on May 13th. A representative speaking for Viceroy Homes, Ltd., clarified that the company is providing 1000 temporary homes (not more), per order from the Japanese government. While they do hope and anticipate …
Errata on Report of Canadian Builder Supplying Modular Homes to Japan Read More
The Vancouver Sun says that Viceroy Homes Ltd. is providing thousands of homes to earthquake and tsunami-stricken Japan with its Japanese partner of 17 years, Selco Homes, of Richmond, Ontario, Canada, just west of Ottawa. The thirty-square meter homes are each composed of 25-30 two-by-fours, plywood panels, and a steel …
Canadian Company Sending Temporary Modular Units to Japan Read More
The Tampa Bay Business Journal says Deer Valley’s (NYSE:DVLY) revenue for first quarter 2011 was $4.4 million, down from the same period last year of $6.1 million, a 29 percent decline. However, net income was $134,761, one cent a share, a marked improvement over the $2.3 million loss last year …
The New England Real Estate Journal reports the Boston office of Goedecke & Co., LLC, has arranged $17 million in financing for the construction of 53 modular housing units in downtown Reading, Massachusetts, a northern suburb of Boston. The project will have underground parking, and the first floor will feature …
Financing Arranged for Boston Area Modular Apartments Read More
The Canadian Press reports that manufactured community owner Killam Properties (TSX:KMP) of Halifax, Nova Scotia, Canada says its earned net income for Q1 2011 was $16.5 million, up from last year’s first quarter of $6.4 million. The share valued increased year over year from .16 cents a share to .35 …
Zaquisha says the real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) was up 2.74 percent yesterday to close at $39.05, its 52-week high. The report says it is a parabolic SAR (stop and reverse) in a trending market and could make for a good buy. Its volume yesterday was …
Zacks says that the Berkshire-Hathaway first quarter 2011 operating earnings report shows a 49 percent drop from Q1 2010. Although total revenue gained 5.3 percent year-over-year, net income was .61 cents per share, dropping 59 percent from the same quarter last year. The loss was attributable primarily to insurance expenses …
Net Income for Berkshire-Hathaway Drops in Q1 2011 Read More
The Knoxville News-Sentinel reports that Jim Clayton, founder of Clayton Homes and Clayton BanCorp, Inc., was one of nine recipients of the Pinnacle Award, presented by the Knoxville, Tennessee Chamber of Commerce recognizing the best in business leaders. He was awarded the “James A. Haslam II Leadership Award, which honors …
Clayton Founder Honored by Knoxville Chamber of Commerce Read More
Digital Journal reports N2Care of Salem, Virginia, has developed a modular medical facility to allow seniors to age in place in their own backyard. The MedCottage is equipped with the latest medical technology, sensors and communications equipment via Internet and smart phone applications. The equipment monitors vital signs, filters the …
Business Wire says that Newcastle Investment Corporation (NYSE:NCT) of New York reported first quarter 2011 income applicable to common stockholders of $108 million, or $1.73 per diluted share, as opposed to Q1 2010 of $180 million that had diluted share value of $3.36. With a $4.2 billion investment portfolio, manufactured …
AZ Central reports that Phoenix, Arizona-based Cavco Industries, Inc., issued a positive earnings statement for the first quarter of the year, showing profits of $1.6 million versus a year ago when it lost $729,000 in Q1. The manufactured home producer’s net sales for the quarter rose seven percent over the …
The Republic says KBS-Building Systems of South Paris, Maine, is re-opening a manufactured housing plant in Waterford that it had closed in December, laying off 25 employees. According to General Manager Ray Atkisson, the facility was closed due to lack of work and the $700 a month cost to heat …
Pr Web reports from Africa that ZY Properties of Lagos, Nigeria has responded to the country’s housing shortage by offering manufactured and modular homes and cabins that can be built and assembled quickly. Noting that Nigeria is a developing country that is trying to catch up to Western and Asian …
Nigerian Company Offering Modular and Prefabricated Housing Read More
