MHProNews has learned Patrick Industries, Inc. (NASDAQ:PATK)’s vice president of human resources, Courtney Blosser, sold 10,799 shares of company stock at $41.90 per share for a total transaction of $452,091. Blosser currently owns 19,560 shares of Patrick, about 0.12 percent of of the company’s market capitalization, according to franklinindependent. Meanwhile, …
Southfield, Michigan-based Sun Communities, Inc. (NYSE:SUI) reported fourth quarter 2015 funds from operations of $48.9 million, or $0.81 earning per share (EPS), $0.04 short of what three analysts surveyed by Zacks Investment Research had estimated. Funds from operations in the real estate investment trust (REIT) is a significant indicator in …
Manufactured housing (MH) is an inexpensive path to the American Dream of homeownership, said Doug Ryan, Director of Affordable Homeownership at the Corporation for Enterprise Development (CFED). But he claims there is a lack of competition among the few MH lenders that exist—a market dominated by Clayton Homes, which builds, …
Doug Ryan: Expand the Lending Opportunities for MH Buyers Read More
According to hilltopmhc, Assetmark increased its stock in Equity LifeStyle Properties, Inc. (NYSE:ELS) by 74,692 shares and now holds 89,260 shares with a value of $5,228,220. It increased its hold by 512.7% and now represents 0.11% ownership. The stock’s 200-day moving average is $61.60 with a 50-day moving average of …
Assetmark Increases Stake in Equity LifeStyle Properties Read More
Updating a story MHProNews posted July 21, 2014 about Wyoming Homes owner David Valenti being sued by the Pennsylvania AG for not delivering manufactured and modular homes for which he was paid, and not fulfilling contacts, timesleader reports he pleaded guilty in Luzerne County Court to 19 counts of theft. …
Updating a story MHProNews posted on Aug. 22, 2015 regarding plans by the owners of Hillcrest Estates manufactured home community (MHC) to upgrade the community and add up to 70 new MH over the next ten years, the Portsmouth, New Hampshire Planning Board approved a conditional use permit for a …
Expansion for Hillcrest Estates MHC Approved by Planning Board Read More
MHProNews last posted a story Jan. 25, 2016 concerning the standoff between the California Coastal Commission on one side, and the city of Pacifica, CA and Pacific Skies Estates MHC on the other, over the upgrade of the community by the city without an environmental review of long-term erosion, sea …
California Coastal MHC Development Project may be in Jeopardy Read More
What’s New in public focused Manufactured HomeLivingNews.com Noise and Smoke vs. Facts About Manufactured Homes and Lending What’s New in Manufactured Housing Industry Professional News Tucson MHC to be developed. Utilities now metered at MHC homes. Plans approved for MHC expansion. Patrick posts strong financials for quarter, year. MHC residents …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 14-Feb. 21, 2016 Read More
About 70 residents of Rancho Los Amigos manufactured home community (MHC) in Tucson, Arizona have been notified they will have to move by Aug. 1, 2016 to make way for a232-unit apartment complex. Alta Vista Communities has purchased the community for $4.8 million, as tucson informs MHProNews. State law requires …
Tucson Manufactured Home Community to be Developed Read More
The Heart ‘O the Hills Mobile Lodge in El Cajon, California became the first manufactured home community (MHC) of 30 in San Diego County to receive direct metering of gas and electric utilities, as eastcountymagazine informs MHProNews. Most MHCs use a master meter arrangement wherein the utilities are delivered to …
Master Metering of Utilities Upgraded to Direct Metering of MHC Residents Read More
As marketbeat tells MHProNews, Zacks Investment Research changed the stock on Encore Wire Co. (NASDAQ:WIRE) from a buy rating to a hold in a report published Wed., Feb 10. Encore is a manufacturer of copper electrical building wire and cable, and is a significant supplier to the manufactured housing industry. …
Updating a story MHProNews last posted Dec. 19, 2015 regarding an addition to an MHC at the edge of Smith Field airport, with a retention pond attracting waterfowl that can interfere with airplanes, owner Sun Communities, Inc. (NYSE:SUI) will build a ‘dry pond,’ one that will dry out within 48 …
Final Plans Approved for Expansion of Manufactured Home Community Read More
Manufacturer and distributor of building and component products for the manufactured housing (MH) and recreational vehicle (RV) industries, Patrick Industries, Inc. (NASDAQ:PATK) reported net sales for the fourth quarter of 2015 rose 31 percent, $59.1 million, to $248.7 million compared to $189.6 million for Q4 2014. The increase was attributable …
Patrick Industries Notches Strong Q4 and Year-end Financials Read More
Two tri-state off-site home builders in Iowa are seeing improvements in their respective housing markets, according to thonline. Doug Stimpson, vice president and general manager of All American Homes in Dyersville, in northeastern Iowa told MHProNews that business has increased 30 percent in the last four years, and already this …
Northeastern Iowa Growing the Off-site Homebuilding Market Read More
MHProNews has learned from insideindianabusiness that Patrick Industries, Inc. (NASDAQ:PATK) is spending over $1 million in new information, technology and facility improvements at two leased buildings in Mishawaka, Indiana comprising 140,000 square feet of space, with plans to create 84 jobs. Patrick has a five-year lease for the two buildings, …
According to financialspots, President Obama has appointed Carlyle Group partner Jerome Powell to serve on the Federal Reserve Board of Governors. Powell was undersecretary for finance under the George H. W. Bush presidency. One of the largest defense contractors in the world, Carlyle includes among its ranks some of the …
What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U. …
Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More
Operating four factories with a team accustomed to the complex task of building, transporting and setting modular units, modular construction company Whitley Manufacturing has acquired modular builder Capsys and its proprietary building system, according to multihousingnews. While Whitley intends to manufacture Capsys at its Leola, Pennsylvania facility, it wants to …
Capsys Swept up by Modular Builder Whitley Manufacturing Read More
As dailydemocrat tells MHProNews, a 2006 study by the University of New Hampshire compares resident-owned manufactured home communities (MHC) to those owned by investors. The research revealed those who live in a community owned by the residents, called cooperatives, have lower site rents, higher average home sales prices as well …
Study Reveals Resident-Owned Communities pay less for Sites Read More
MHProNews has learned from financial-market-news that Skyline Corp. (NYSE:SKY) Director John C. Firth purchased 5,000 shares of company stock Feb. 5, according to a disclosure filed with the Securities and Exchange Commission (SEC). Acquired at an average cost of $4.16 per share for a total transaction of $20,800, the director …
