From Texas, WacoTrib.com reports a Clayton Homes plant there has been honored with the 2010 President’s Cup award as the best overall plant in terms of satisfaction, profitability, sales and safety in the system. The plant has been operating since 1982. A second plant in the town earned the award …
The Cavco webcast of January 28 on their 2011 third quarter earnings reports produced reason for hope, solid financials and the proposed acquisition of Palm Harbor. Cavco, based in Phoenix, AZ is one of the three top producers of manufactured and modular homes in the country. President, Chairman and CEO …
Stegmayer Says Demographics Favor Manufactured Housing Read More
‘Extreme Makeover: Home Edition’ has paired with Palm Harbor Homes to provide a beautiful, life-changing home for the Brown Family of Wellman, TX after their teen daughter Alex was killed last November while texting as she drove to school. The Browns have made it their mission to save lives by …
Palm Harbor to Be Featured Builder on ‘Extreme Makeover: Home Edition’ Tonight Read More
The Arizona Republic ran a story this week about the efforts by Cavco to purchase bankrupt Palm Harbor Homes. The article notes that sales are at their lowest level in 50 years and Cavco is seeking to grow through purchasing another competitor. In August, 2009, Cavco bought Fleetwood Enterprises for …
Stegmayer Talks to Arizona Paper about Palm Harbor Read More
Cavco Industries announced financial results Friday for the third quarter and first nine months of its fiscal year 2011 ended December 31, 2010. Net sales for the third quarter of fiscal 2011 totaled $39,612,000, up 9 percent from $36,369,000 for the third quarter of fiscal year 2010. Net income attributable …
From North Carolina, Chapel Hill News featured a story on the development of Clayton’s i-house. The article says the home, originally unveiled in 2009, was the result of Kevin Clayton’s goal was to bring sustainable and energy-efficient housing to those who typically could not afford it. The i-house comes in …
The Los Angeles Times ran a story this week about the developing recreational vehicle industry in China. According to the Times, China is hungry for the kind of recreational vehicles built in Southern California, and entrepreneur Winston Chung has struck a deal with Riverside-based MVP RV to export $5 billion …
The “Sun Tunnel” that Lifestylist® Suzanne Felber spoke of last week during a report from the International Building Show appeared on a list of hot new home technology items provided by CNBC. The report says the Velux Sun Tunnel is a flexible tube that can deliver a small, round portal …
The website SmarTrend recently compared several manufactured home builders with site builders on the basis of a measuring unit known as revenue per employee (RPE), finding the site builders outperforming manufactured home builders. SmarTrend says analysts use RPE as a measure to compare the productivity of companies in the same …
CNBC reports shares of Warren Buffett’s Berkshire Hathaway were up nearly four percent in mid-day trading Monday after Barron’s suggested the company could pay its first dividend since Buffett took over in the mid-1960s. It’s also predicting Berkshire’s stock price could top its all-time high this year – that’s about …
Drew Industries, a manufacturer of components for the recreational vehicle and manufactured housing industries, announced its January 11th Retail Investor Conferences.com presentation is available for on-demand viewing. Fred Zinn, Drew’s President and CEO, and Joseph Giordano III, Drew’s CFO and Treasurer presented to retail investors through the virtual investor conference …
Freddie Mac released the results of its Primary Mortgage Market Survey finding mixed results for both long- and short-term rates, with the 30-year rising slightly and the 15-year falling just as slightly. The 30-year fixed-rate mortgage (FRM) averaged 4.74 percent with an average 0.8 point for the week ending January …
Cavco Industries announced it will release earnings for the third quarter of fiscal year 2011 on Thursday, January 27, 2011 after the close of market. Senior Management will discuss the third quarter results in a live webcast the following day, Friday, January 28, 2011 at 11:00 A.M. Eastern Time. Investors …
Haven Custom Homes, a leader in the construction of custom modular homes for more than 40 years, officially announced its acquisition of a new production facility in Selinsgrove, Pennsylvania. The facility was previously part of Penn Lyon Homes, a modular home manufacturer who closed their doors last summer. The company …
Haven Custom Homes Officially Announces Acquisition of PA Facility Read More
According to the CoStar Group, Sun Communities is selling 915,827 shares of its common stock to REIT Opportunity, Ltd., a business company incorporated under the laws of the British Virgin Islands. The total purchase price is $30 million. The item indicates Sun Communities intends to use the net proceeds in …
Black Diamond Group Limited, a leading provider of modular accommodation and energy services in North America, announced recently it has secured the construction and long-term rental contract for the second phase of a previously announced upscale remote workforce housing project, located in north central British Columbia, Canada. The second phase …
Black Diamond Wins Phase Two of B.C. Mining Accommodation Project Read More
American Banking and Marketing News reports that Zacks Investment Research recently upgraded shares of Drew Industries from an “underperform” rating to a “neutral” rating in a research note to clients and investors on Monday. The company manufactures and markets components for recreational vehicles and manufactured homes. During the year ended …
UMH Properties, Inc., announced this week that it will be presenting at Sidoti & Company’s 2011 Semi-Annual Micro-Cap Conference on Monday, January 10, 2011. The Forum will be held at The Grand Hyatt in New York City. Eugene W. Landy, Chairman of the Board, and Michael P. Landy, Vice President …
UMH to Present at Sidoti & Company’s Micro-Cap Conference Read More
Promoters recently announced the first ever comprehensive manufactured housing land lease community finance seminar featuring the FHA 207m Loan Guarantee program is coming to Louisville. It will be held at the Crowne Plaza Hotel, adjacent to the Kentucky Exposition Center Fairgrounds and concurrently with the nearby Midwest Manufactured Housing Show …
FHA207m Loan Guarantee Program Seminar Coming to Louisville Read More
Zacks Investment Research announced recently it has upgraded Universal Forest Products from Underperform to a Neutral recommendation. The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built construction (homebuilders), manufactured housing, and industrial markets. Zack’s notes the recent …
