Company News

Clayton, Next Step, NeighborWorks Collaborate on Low-income Housing

As part of a joint attempt to create more affordable housing in Waco, Texas, Clayton Homes in Waco is building a modular duplex to be sited on a lot owned by non-profit NeighborWorks, according to what wacotrib informs MHProNews. Each of the two 1,100 square foot units will feature three …

Clayton, Next Step, NeighborWorks Collaborate on Low-income Housing Read More

Carlyle Group’s EPS Estimate nearly Halved

The Carlyle Group LP (NYSE:CG), investor in several manufactured home communities, was expected to earn $0.18 per share (EPS) for the first quarter of 2016, according to what analysts at Jefferies Group had predicted, down from their previous forecast of $0.35 per share earnings. Jefferies has a “Hold” rating on …

Carlyle Group’s EPS Estimate nearly Halved Read More

Sunday Morning Recap-Manufactured Housing Industry News April 10–April 17, 2016

What’s New in public focused Manufactured HomeLivingNews.com Quality Control Manager report-Highland Mobile Home Park, St Petersburg FL What’s New in Manufactured Housing Industry Professional News Montana town to proposed MHCs: one yes, one no. Building material made from hemp. Manufactured homes do not qualify as affordable homes—yet. Modular homes for …

Sunday Morning Recap-Manufactured Housing Industry News April 10–April 17, 2016 Read More

Another New Hampshire Manufactured Home Community becomes Resident-owned

The 15 home site manufactured home community, Ward’s Park, in Portsmouth, New Hampshire is the most recent manufactured home community (MHC) in the state to become a resident-owned community, as nhpr.org tells MHProNews. New Hampshire is one of a handful of states with a right-to-purchase law that gives residents of …

Another New Hampshire Manufactured Home Community becomes Resident-owned Read More

Tiny Modular Home Constructed of Hempcrete

The newest material for building a home that MHProNews has discovered is hempcrete, a combination of hemp stalks (called hurds), limestone and water to form twelve-inch thick walls for support and insulation in building a 400 square-foot unit called HempHome:T+. The material is also resistant to fire, mold and pests, …

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Montana Town Planning Commission Approves one MHC, Denies another

While the Laurel City-County Planning Board in Montana turned down three requests for a variance for Regal Community Park, a proposed manufactured home community, after neighbors expressed concerns over falling property values, the board did vote 3-1 (with one abstention) for a zone change to allow for a manufactured home …

Montana Town Planning Commission Approves one MHC, Denies another Read More

Patrick Industries Set to Release Q1 Financials

MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) of Elkhart, Indiana will release it’s first quarter 2016 financials on Thurs., April 28, 2016 before the market opens. Officials of the company, including CEO Todd Cleveland, President Andy Nemeth and CFO Josh Boone will host a conference call that …

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The Sky is Becoming Sunnier at Skyline

For Q3 of 2016, manufactured and modular home builder Skyline Corp. (NYSE:SKY) reports net sales from continuing operations rose 25 percent over same quarter 2015, $47,697,000 versus $38,109,000. The report also reveals a net loss from continuing operations of $514,000, much lower than the loss of $2,911,000 in Q3 2015. …

The Sky is Becoming Sunnier at Skyline Read More

Shepherd’s Hut Re-introduced as Tiny Home

All the rustic charm of the old English Shepherd’s Hut is captured in the tiny homes of Contemporary Shepherd Huts but with added modern touches like a skylight that runs the length of the home, kitchen and bathroom. The traditional shepherd huts were made for taking a snooze after a …

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Manufactured Home Community Sells for $3.3 Million

MHProNews has been informed by therealdeal that Zachary Taylor RV Park in Okeechobee, Fla. was acquired by Coastal Income Properties for $3.3 million from a private seller. Capstone Manufactured Housing, based in Charlotte, North Carolina, brokered the transaction, led by Deucie Bies and Kevan Enger, the fourth manufactured home community …

Manufactured Home Community Sells for $3.3 Million Read More

Former Magnolia Homes Modular Facility Re-opening as Family Built Homes

Updating a story MHProNews last posted June 18, 2015 about the possible re-opening of the former Magnolia Homes in Gering, Nebraska, starherald reports former owner Doug Fillingham is set to re-open as Family Built Homes, hiring many of the same employees who lost their jobs last June when Magnolia ceased …

Former Magnolia Homes Modular Facility Re-opening as Family Built Homes Read More

Clayton to Open Texas Plant, as it Celebrates 60 Years in Business

The Athens (TX) City Council adopted a resolution in support of the Athens Economic Development Corp.’s $300,000 incentive package for jobs created by Clayton Homes bringing a manufacturing plant to the city, according to athensreview. The council agreed to a property tax rebate for Clayton over a five-year period, beginning …

Clayton to Open Texas Plant, as it Celebrates 60 Years in Business Read More

Zoning Commission Recommends against Expansion of Manufactured Home Community

The Yellowstone County Zoning Commission unanimously turned down a zone change application that would have allowed Cherry Creek Estates manufactured home community (MHC) to expand by adding as many as 80 manufactured homes, reports billingsgazette. While the Yellowstone County Board of Commissioners will have the final say when it meets …

Zoning Commission Recommends against Expansion of Manufactured Home Community Read More

Plans for Ex-cons to Build Modular Homes Moves Forward in Allentown, PA

Following a story MHProNews posted March 23, 2016 regarding modular homes built by ex-cons in Pittsburgh, Daniel Bull, president of builder Zero Six Eight (an ex-con himself), gave a presentation to the Allentown, PA Community Development Corporation (CDC) about building modular homes on Arlington Avenue. Saying he has already had …

Plans for Ex-cons to Build Modular Homes Moves Forward in Allentown, PA Read More

Positions Change in Shares of Stock of Equity LifeStyle Properties

During Q4 2015, 40 North Management sold its entire portfolio of Equity LifeStyle Properties (NYSE:ELS), unloading 108,321 shares for a transaction value of $7.8 million, reports everythinghudson. Other hedge funds, including Guggenheim Capital boosted its stake in ELS, adding 5,784 shares and now holds 83,853 shares valued at $6 million. …

Positions Change in Shares of Stock of Equity LifeStyle Properties Read More

Clayton Homes Acquires River Birch Homes of Alabama

MHProNews has learned from wcbi that Maryville, TN-based Clayton Homes has acquired all the assets of River Birch Homes of Hackleburg, AL, effective immediately. Gerald Terrell and Delmo Payne combined their experience into River Birch in 1997. Payne said, “Since day one, our motto has always been: ‘Q. V. S.’ …

Clayton Homes Acquires River Birch Homes of Alabama Read More

Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016

What’s New in public focused Manufactured HomeLivingNews.com State Inspector Becki Jackson – Safety & Quality of Manufactured Homes What’s New in Manufactured Housing Industry Professional News Feb. HUD Code manufactured home production rises 27.6%. Notable deaths in the manufactured home community. Rent control inhibits new MHC development. Resident-owned community grateful …

Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016 Read More

UMH Properties Replaces Retiring Board Member

MHProNews has learned from prnewswire that Eugene W. Landy, board president of manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH), announced that Richard H. Molke is retiring from the board after 30 years of service. The board of directors has chosen Kenneth K. Quigley, Jr. to serve out the …

UMH Properties Replaces Retiring Board Member Read More

Skyline and Sun: Manufactured Housing Insider Trading

In hedge fund trading, Robotti Robert bought 50,000 shares of manufactured and modular home producer Skyline Corp.(NYSE:SKY), and as of Q4 2015 controls a total of 64,700 shares valued at $379,142. After selling 1,383 shares of Skyline stock during the fourth quarter, Vanguard now owns 138,999 shares with a value …

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Fifty-six Room Modular Apartment Rises in Six Months

The blogger for modularhomecoach has high praise for Simplex Homes of Scranton, Penn., builder of modular homes and commercial buildings, saying they do exceptional work. The Morris Plains Housing Authority in Morris Plains, NJ chose Simplex to build the 87 modules     for the 56-room apartment complex with Del-Santo …

Fifty-six Room Modular Apartment Rises in Six Months Read More

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