MHProNews has learned from rebusinessonline that Farmington Hills, Mich-based RHP Properties has acquired two manufactured home communities (MHC) in East Hartford, Conn. Both the 263-home site Rivermead Manufactured Home Community and the 199-home site Colonial Manufactured Home Community are all age communities but with a focus on seniors. RHP now …
Elkhart, Indiana-based Drew Industries, Inc. reported consolidated net sales for the second quarter of 2016 increased to $441 million, 22 percent higher than the same period in 2015. “Our operating profit in the second quarter of 2016 improved to more than $59 million, compared to nearly $34 million in the …
Drew Reports Net Sales 22% Above Last Year’s Comparable Quarter Read More
Ritz-Craft Custom Homes will be opening its third plant in Mifflinburg, Pennsylvania due to a strong demand from builders doing work in residential developments, aided likely by the recent closing of the Excel Homes plant some 40 miles away in Liverpool, as MHProNews posted May 16, 2016. Ritz-Craft sells directly …
Modular Home Builder Opening Third Plant in Mifflinburg Read More
Henderson County Commissioners in Texas have agreed to consider a request for a tax abatement from Clayton home building group, as themonitor informs MHProNews, and will hold public hearings on the matter. Clayton home building group has purchased a property formerly owned by Champion Homes, and plans to hire 250 …
Real estate investment trust (REIT) and manufactured home community (MHC) owner Sun Communities, Inc. released its quarterly financials, reporting $0.85 earnings per share (EPS), beating analysts’ consensus by $0.03, as thecerbatgem informs MHProNews. Although revenue was $140 million, well below the consensus estimate of $165.78 million, revenue was up 15 …
Sun Communities Beats Analysts EPS Estimate by $0.03 Read More
MHProNews has learned from baseballnewssource that Phoenix-based Cavco Industries, Inc. (NASDAQ:CVCO) will release its quarterly earnings report on Wed., Aug. 3, 2016 after the close of the market. Analysts anticipate earnings per share will come in at $0.60. At the last quarterly report on May 26, the company reported earnings …
Cavco Industries Set to Release Quarterly Financials Read More
Updating a story MHProNews posted July 28, 2016 regarding a lawsuit brought against a manufactured home community (MHC) owner in Pennsylvania for closing his community and neglecting to notify the residents of his responsibility to pay relocation costs, MHC owner Bill Chen is now suing a former resident for failure …
MH Community Owner Slapped with Lawsuit, Slaps back at Former Resident Read More
With Baby Boomers hitting 65 at the rate of 8,000 to 10,000 per day, many of them with elderly parents who may need attention due to medical problems, modular home builders are offering “granny pods,” small modular homes that can be attached to a larger house, or stand alone in …
Assisted Living Modular Homes expected to Rise with Aging Population Read More
The stock of manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) has been on an upward tear recently, generating strong attention from investors and analysts as it marks a return on investment (ROI) of 8.40 percent, reaching $82.88 on a recent bid. (ROI is determined by dividing the return …
Equity LifeStyle Properties, Inc. Yields ROI of 8.40 percent Read More
Through the Hope VI Main Street Program, the U. S. Department of Housing and Urban Development (HUD) has awarded Bartlesville, Oklahoma a $500,000 grant to redevelop a 90-year-old abandoned church campus into a mixed-use development which will include affordable housing. The collaboration of Bartlesville Redevelopment Trust Authority (BRTA), Main Street …
Affordable Housing Included in $500k HUD Grant to Oklahoma City Read More
The city commissioners of Etowah, Tennessee in the southeast part of the state have passed an amendment banning the siting of Tiny Homes within the city limits, as newschannel9 tells MHProNews. While some communities use the miniature homes for homeless people, and others to support simpler lifestyles, Etowah Director of …
A new home construction technology on the drawing boards is building blocks with microbial fuel cells (MFC) embedded in the blocks that can turn waste into electricity, joining the growing list of “smart” items in the marketplace. “Microbial fuel cells are energy transducers that exploit the metabolic activity of the …
“Smart” Blocks Will Transform Our Lives-a/k/a Redefining ‘Blockhead’ Read More
Component supplier to the manufactured home and recreational vehicle industries, Patrick Industries, Inc. has finalized the acquisition of BH Electronics, Inc. (BHE) of Munford, Tennessee, according to what prnewswire tells MHProNews. From five facilities in the southeast, BHE designs and produces custom thermoformed dash board and console assemblies, as well …
Patrick Completes Acquisition of BHE, another Thermoformed Producer Read More
The new featured articles for MHProNews will begin to go live later today, on August 1. Because of the size of this issue, new articles will continue to be added to the featured articles module until completed, which is expected to be August 2, 2016. A new Cup of Coffee with… …
An American August in MHVille – New Feature Articles Alert Read More
What’s New in public focused Manufactured HomeLivingNews.com NIMBYism? Debunking Myths About Manufactured Home Communities (aka ‘Mobile Home Parks’) What’s New in Manufactured Housing Industry Professional News FEMA moving manufactured homes into four W. VA. Counties. CFPB proposes clarification of Know Before You Owe. Patrick’s revenues rise 35%. Sun’s stock projected …
Sunday Morning Recap-Manufactured Housing Industry News July 24-July 31, 2016 Read More
Patrick Industries, Inc., a component supplier to the manufactured housing (MH) and recreational vehicle (RV) industries, reported a 35 percent increase in net sales for Q2 2016 over the same period of 2015, $233.5 million to $315.2 million. While the increase was mostly attributable to a 33% rise in the …
As the stock of Sun Communities, Inc. (NYSE:SUI) reached a new 52-week high on Wed., July 28 of $77.90, it has a forecasted target of $130.09, a 67 percent increase over today’s closing, a value that would increase the worth by $3.56 billion, giving it a total value of $8.88 …
Sun Communities Stock hits New High, but Projected Higher Read More
Fastbrick Robotics in Perth, Australia has developed a robotic arm that can lay brick at the rate of 225 standard bricks an hour, the equivalent of half a day’s work for a top human bricklayer. It is a form of 3D printing, creating the shell of a house without human …
Robotic Bricklayer Lays 225 Bricks/Hour. On Tap: 1000 Bricks/Hour Read More
MHProNews has learned from businesstimes.sg that construction company BBR Holdings has secured a S$57.6 million ($77.9M USD) contract to supply four blocks of modular housing along Upper Aljunied Road in Singapore. The company detailed this after trading ended Tuesday in a filing to the Singapore Exchange. Through its wholly owned …
The glitz and glamor that attach to an ownership interest in businesses such as hotels, a race track or a small chain of upscale restaurants suddenly tarnishes for some when the investment being considered is manufactured home communities (MHCs). While many think of them as “mobile home parks,” or in …
While Negative Perceptions of MH Persist, the Industry Grows says Seeking Alpha Read More
