In a communication from American Land Lease, Inc., MHMSM.com learned of the company’s newest community brand, Clearview Communities, an all-age community with many fitness and social activity opportunities and amenities that appeal to the higher-end manufactured housing resident. Operating out of Clearwater, Florida, this real estate investment trust (REIT) owns …
New Community Springs from Large Land Lease Operator Read More
From The Seattle Times in Washington State comes word that the head of one of the city’s most prominent real estate investment companies has begun a start-up to build modular apartments, military housing, motels, and student housing. Dale Sperling, former CEO and president of Unico Properties, which manages 15 million …
Conventional Commercial Builder Switches to Modular Read More
My North reports a Traverse City, Michigan, contractor offers a 725 square foot modular home he can assemble in a day. Drew Craven uses Structural Insulated Panels (SIP) for the sides, a corrugated metal slanted roof concealing a second bedroom, and sliding barn doors that seal the home’s windows, but …
Contractor Offers Modular Homes Assembled in 12 Hours Read More
Globe Newswire says Cavco Industries, Inc. (NASDAQ:CVCO), one of the largest manufacturers in the U.S. of manufactured homes, is set to issue its fourth quarter fiscal year 2011 earnings report after the close of the market on Thursday, May 5. A live webcast will follow the next day, Friday, May …
Market Wire reports from Deer Valley’s corporate headquarters in Tampa, Florida, that their production facility in Guin, Alabama, was not damaged by the tornadoes last week, but they did lose communications and power for a day. All utilities were restored, and the facility reopened Monday, May 2, according to Charlie …
Deer Valley’s Alabama Factory Unharmed by Area Tornadoes Read More
American Market & Business News reports Drew Industries, manufacturer of components for the manufactured housing and RV Industries, announced their quarterly revenue gained 15.80 percent for the first quarter 2011 over the same period 2010. The company said earnings for 2010 were .30 cents per share, as opposed to .42 …
Drew Industries Registers Gains Quarter Over Quarter Read More
Fox Business interviewed Warren Buffett, of Berkshire-Hathaway, and Kevin Clayton, CEO of Clayton Homes. Buffett remarked that it is good new housing has not gotten better because of the excess inventory of housing. He says when new home construction returns, employment will improve more than many people think. Kevin Clayton …
Following up on a news story from March 4, 2011, WSLS10 in Roanoke, Virginia, says the modular dormitory Ferrum College ordered in the spring was completely assembled in three days, as workmen set in place the last of the 42 units that comprise the building. College President Jennifer Braaten says, …
Forty-two Unit Modular Dormitory Assembled in Three Days Read More
The Daily Times of Blount County, Tennessee, reports Clayton Building Solutions, a division of Clayton Homes, walked away with three very impressive awards from the Manufactured Housing Institute’s (MHI) Congress & Expo for Manufactured and Modular Housing in Las Vegas, April 28. The Fort Sam Houston project in San Antonio, …
Business Wire reports that Wells Fargo (NYSE:WFC) has been chosen for the fifth year in a row as Community Lender of the Year by the Manufactured Housing Institute ((MHI) at their annual Congress & Expo in Las Vegas. Wells Fargo Multifamily Capital has originated over $4.7 billion in community loans …
Corporate Giant Selected as Best MH Community Lender Read More
LAS VEGAS, NV – April 28, 2011. Jerry Wolff (Marketing Manager, GE Appliances) addressed the Manufactured Housing Institute (MHI) Congress in Las Vegas NV to urge a paradigm shift from problems to problem solving. Use social media, be pro-active. Having a small group of people who surf the web to …
Las Vegas, NV – April 27, 2011. At the Manufactured Housing Institute (MHI)’s 2011 National Industry Awards in Las Vegas today, the honor for the best Production Manufactured Home of 1800 square feet or less went to Steven Lefler and Gary Brown of Modular Lifestyles, Inc. The Irvine, California, company …
Modular Home Wins National Award, Uses Very Little Energy Read More
WRTF7 in West Virginia says the number of manufactured homes shipped to the state fell from 4,700 in 1995 to 1,833 in 2007. Last year 1,100 were sold in the state. Manufactured housing used to claim 60 percent of all housing starts here, according to West Virginia Housing Institute Executive …
Manufactured Housing Shipments to West Virginia are Down Read More
SmarTrend says the cash flow in two of the top five residential Real Estate Investment Trust (REIT)s are manufactured housing community owners. With a price per share of $58.18 and a free cash flow of $3.76 per share, Equity Lifestyle Properties (NYSE:ELS) has a price to cash flow ratio of …
Two of Five Best REITs are Top MH Community Owners Read More
From Washington, the Seattle Post-Intelligencer reports architectural firm CollinsWoerman has developed plans for a multifamily modular building above six stories with concrete floors and structural steel frame. The walls will be complete with electrical and plumbing fittings, water heaters, sheetrock and cabinetry, and will be assembled much like a Lego …
Smallcap Network notes four suppliers of wood products have seen gains in their stock since last November. The Louisiana-Pacific Corporation (NYSE:LPX), which makes building products for manufactured housing, jumped from $7.90 a share to $9.45, a gain of nearly 20 percent. Leucadia National Corporation (NYSE:LUK) saw their stock price go …
The Atmore Advance in southern Alabama says Harold Allen, a 43-year veteran of selling manufactured housing, was awarded the number one dealership for Platinum Homes, Inc., for the fifth straight year. Joe Clark, zone manager for Platinum, presented the award to him at the Tunica Show last month. Established in …
According to the Sacramento Bee in California, the Manufactured Housing Institute (MHI) reports that UMH Properties Inc. (a real estate investment trust, REIT, in New Jersey) has agreed to pay an estimated $13.3 million for a trio of manufactured home communities in Tennessee with an average occupancy rate of about …
The Herald and News says modular home builder Integrated Building Systems (IBS) in Klamath Falls, Oregon, has been acquired by OneBuild, Inc., of Seattle. OneBuild also specializes in modular home construction, and plans to expand production in the Klamath Falls factory in southern Oregon, and add 30 construction-related jobs to …
Modular Builder in Seattle Acquires Counterpart in Oregon Read More
According to PRNewswire, Drew Industries (NYSE:DR) will release its first quarter financials May 2, 2011, before the stock market opens. At 11:00 AM ET that morning, this manufacturer of doors, windows, chassis, and bath and shower components for the manufactured housing industry will host a conference call to discuss the …
