A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. Manufactured, modular and prefabricated home …
Killam Apartment REIT (TSX: KMP.UN) has reported its financial results for the fourth quarter and year ended December 31, 2016. Killam generated funds from of operations (FFO) per unit of $0.21 in Q4 2016, a 5.0 percent increase over Q4 2015. Similar to the results for the year, growth was …
Vesta Modular and Housing Solutions Inc., a portfolio company of Birmingham-based Simon Group Holdings, has purchased Salt Lake City-based M Space Holdings LLC out of bankruptcy for $15.3 million. In a story the Daily Business News originally covered last year, M Space filed for bankruptcy in May 2016, blaming the …
In a story that we first covered last week, San Antonio Federal Credit Union (SACU)/CU Factory Built Lending (CUFBL)/Mountainside Financial tells MHProNews that they have changed their name to Credit Human Federal Credit Union. The change of name better reflects the credit union’s commitment to improving the lives of those …
A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above. Manufactured, modular and prefabricated home …
In a story that MHProNews covered first in manufactured housing, Jim Clayton, Founder and Chairman of Clayton Bank and Clayton Homes, confirmed the “merger” of Clayton Bank and Trust and American City Bank (collectively “Clayton Banks”) and FB Financial Corporation (NYSE: FBK), in a deal valued at $284.2 million. This …
Jim Clayton Exclusive on Clayton Bank/FirstBank Merger to MHProNews Read More
LCI Industries (NYSE: LCII), formerly Drew Industries, reported earnings for Q4 2016 and year-end today. Consolidated net sales in the fourth quarter of 2016 were $403 million, 21 percent higher than Q4 2015 net sales of $334 million. Net income was $26.3 million, or $1.05 per diluted share, for the …
The survey arm of insurance giant Legal & General believes it has the answer for bringing the mortgage market on board with prefab and modular home lending. “An industry-wide guarantee would help bring everyone to the market but, of course, their appetites will differ according to the requirements of their …
Legal and General Reveals Secret for Modular, Prefab Lending Read More
Louisiana-Pacific Corporation (NYSE: LPX) reported results for the fourth quarter and year ending December 31, 2016 today. Total net sales for the fourth quarter totaled $550 million, 19 percent higher than the same quarter one year ago. Total net sales for the year were $2.2 billion, 18 percent higher than …
Silverpoint Homes, a West Virginia-based company that specializes in the sale and construction of modular houses, is the new owner of the former Nationwide Homes of the Triad in Whitsett, North Carolina. According to Triad Business Journal, this is the second location for Silverpoint Homes in the state, with the …
Modular Builder Acquires Retailer, Misconceptions Corrected Read More
A new month means new-featured articles on the MHProNews.com home page. This month’s theme? Frank, Frustrations and Free Enterprise February in MHLand, 2017. Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling. What the Daily Business News spotlights …
Enerdynamic Hybrid Technologies Corp. (EHT) provided an update this week on their Letter of Intent to build 50,000 homes in Ivory Coast for a branch of its military. In a story covered by Daily Business News writer Matthew J. Silver on December 16th, Maple Leaf Holdings SA, of which EHT …
Canadian Modular Home Builder Provides Update on African Market Launch Read More
Thanks to a combination of a deal between steel giant U.S. Steel and prominent developer Dan McCafferty going bad, and a new joint venture between Barcelona Housing Systems and WELink, Chicago could be in a position to not only get a manufacturing plant along the city’s iconic Lakeshore Drive, but …
Clayton Homes, one of the nation’s largest builders of manufactured housing and a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A), is celebrating. “I’m so proud to continue the tradition my father, Jim Clayton, started – making the dream of homeownership a reality,” said CEO Kevin Clayton. “Over the past 60 years, …
60th Anniversary Home, “Proud to carry on tradition of Jim Clayton” Read More
Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) tells MHProNews that the company has closed on two Canadian acquisitions worth $26.2 million, including 153 apartment units in London, Ontario, and 66 units in Calgary, Alberta. On December 22, Killam acquired a five building portfolio in London for $13.4 …
Affiliated Managers Group, Inc. (NYSE: AMG) reported its results for the fourth quarter and full year 2016 today. For the fourth quarter of 2016, diluted earnings per share (EPS) were $2.67, compared to $2.67 for the same period of 2015; net income was $150.2 million, compared to $147.5 million …
As we wrap up the month of January, our featured articles are found on the MHProNews.com home page. Our theme for this month is: Jiu Jitsu January in Manufactured Homeland, USA. To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click …
The publisher of The Journal of Manufactured and Modular Housing, Jim Visser, was honored at the 2017 Louisville Manufactured Housing Show with the framed ‘thank you’ document, shown in the photo at the left. Visser announced in late November 2016 that he will no longer be publishing the Journal after …
Jim Visser Honored, the Journal of Manufactured Housing now History Read More
A company in China claims to have taken 3D printed homes to a whole new level. According to Inhabitat, Beijing-based HuaShang Tengda printed a two-story villa that checks in at 4,305 square feet. And they say it’s durable enough to withstand an earthquake measuring 8.0 on the Richter scale. “[This technology] will have immeasurable …
3D Printed Home Can Withstand Magnitude 8 Earthquake Read More
Rochester, New York-based Security Mortgage Group, a national award-winning MH Community lending broker, has provided $80,032,500 in financing for several manufactured home communities throughout the nation over the last few months. Managing Director, Gerard D. DiMarco, Jr., secured financing for several MHC portfolios, including a repeat client’s portfolio of Midwest …
Security Mortgage Group Finances 80,032,500 for Several Communities Read More
