Company News Archives

Oct 18 2015

Sunday Morning Recap-Manufactured Housing Industry News Oct. 11-Oct. 18, 2015

By Matthew Silver / October 18, 2015 October 18, 2015 / Advocacy, Awards, Business, Communities, Company News, Factory-Built Homes, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Pets, Vets, Single Parenting, Student Debt and The Manufactured Home Solution! Take the Manufactured Home Quiz! Weathering the Storms: How Manufactured Homes Can Do It Better What’s New in Manufactured Housing Industry Professional News Marin County seeking more affordable housing. UFPI, Skyline post …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 11-Oct. 18, 2015 Read More

Oct 17 2015October 18, 2015

Zacks issues Buy Rating on Equity LifeStyle Properties

By Matthew Silver / October 17, 2015 October 18, 2015 / Business, Canada, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

The most bullish Wall Street analyst has a short term price target of $63 for Equity LifeStyle Properties (NYSE:ELS), according to Zacks, and the most bearish has a one-year $57 dollar target. Zacks consensus target price is $60, based on three analysts 12-months projections. As stocksdaily tells MHProNews, Zacks utilizes …

Zacks issues Buy Rating on Equity LifeStyle Properties Read More

Oct 16 2015October 15, 2015

Skyline Corp. reports Limited Q3 Results

By Matthew Silver / October 16, 2015 October 15, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Skyline Corp. reported its third quarter earnings, noting only that the company lost $0.10 earnings per share, as dakotafinancialnews informs MHProNews. In trading Oct. 15, 2015, shares advanced +2.36 percent to close at $2.60, as trading volume hit 7,534 shares. The company has a 50-day moving average of $2.99 and …

Skyline Corp. reports Limited Q3 Results Read More

Oct 15 2015

Dee Pizer Relinquishing Role of CEO at Zeman

By Matthew Silver / October 15, 2015 October 15, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

After 35 years in the manufactured home industry, 30 of them with Zeman Homes, Zeman CEO Dee Pizer will step down from her position as of Dec. 15, 2015. She has held a number of positions with Zeman since joining the company in 1986, and in January, 2007 was chosen …

Dee Pizer Relinquishing Role of CEO at Zeman Read More

Oct 15 2015

Arkansas MHA Names Industry Achievement Recipients

By Matthew Silver / October 15, 2015 October 15, 2015 / Awards, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Modular, People

The Arkansas Manufactured Housing Association (AMHA), at its 44th Annual Meeting and Convention held in Little Rock, presented Industry Achievement Awards to association members for their contributions to the manufactured home industry. AMHA Executive Director J. D. Harper tells MHProNews Country Comfort Homes of Hot Springs, AR was named 2015 …

Arkansas MHA Names Industry Achievement Recipients Read More

Oct 15 2015October 17, 2015

Former Brooklyn Modular Builder Posts Profit

By Matthew Silver / October 15, 2015 October 17, 2015 / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

MHProNews has learned from businesswire that the Swedish company, Skanska, took a write down of 630 million krona, about $75.6 million, for third quarter operations in the U. S. The majority of the losses stem from six projects where the client changed the design plans, and lowered productivity. After the …

Former Brooklyn Modular Builder Posts Profit Read More

Oct 15 2015October 14, 2015

UFPI Posts Record-breaking Results for Q3 2015

By Matthew Silver / October 15, 2015 October 14, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

Universal Forest Products, Inc. (NYSE:UFPI) reports record-breaking Q3 2015 results, posting the best third quarter earnings in company history, with net earnings of $25.6 million, a 32.9 percent increase over the same period of 2014. It also marked the highest year-to-date earnings at $61.7 million over three quarters, according to …

UFPI Posts Record-breaking Results for Q3 2015 Read More

Oct 14 2015

Assurant Closing Ohio Office

By Matthew Silver / October 14, 2015 October 14, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from bizjournals that Assurant Specialty Property, which sells manufactured housing insurance, has decided to close its Dayton, Ohio office it opened two years ago. The expansion occurred after client growth filled the Springfield offices. The move will affect 150 employees, some of whom will be able to …

Assurant Closing Ohio Office Read More

Oct 13 2015

Manufactured Home Community Sold, being Upgraded

By Matthew Silver / October 13, 2015 October 13, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

The Mission Trailer Park in downtown San Luis Obispo, CA which opened in the 1940s, has been sold and vacated, and after undergoing extensive infrastructure work will reopen with new manufactured homes as Mountain View Terrace. The county assessor’s office indicates the new owner is Higuera Commons LLC, a private …

Manufactured Home Community Sold, being Upgraded Read More

Oct 13 2015October 13, 2015

Galvanized Steel Modular is 1st 100% Off Site Build

By Matthew Silver / October 13, 2015 October 13, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Coventry based manufacturer Central Site Accommodation is assembling the first modular house in the United Kingdom to be totally 100 percent manufactured offsite, according to what constructionenquirer tells MHProNews. It will be on display Oct. 14 and 15 at the OFFSITE Construction Show at the ExCeL Centre in London. Central …

Galvanized Steel Modular is 1st 100% Off Site Build Read More

Oct 12 2015

Encore Wire Shares Lighting Up

By Matthew Silver / October 12, 2015 October 12, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Shares of Encore Wire Corp. (NASDAQ:WIRE), suppliers of a variety of interior electrical wire to the manufactured home industry have been on a bit of a tear: the stock has risen +11.42 percent in the last week, and +16.09 percent for the past four weeks, according to reports MHProNews has …

Encore Wire Shares Lighting Up Read More

Oct 12 2015

Kansas Chooses MH Veteran, VanAsselt, for Board

By Matthew Silver / October 12, 2015 October 12, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Following a story MHProNews posted Oct. 6, 2015 regarding Greg Yutzy’s election as treasurer of the Kansas Manufactured Housing Association (KMHA), hutchnews reports Dave VanAsselt has been elected to the KMHA Board of Directors for 2015-2016. VanAsselt has been active in the manufactured housing industry over 30 years, and currently …

Kansas Chooses MH Veteran, VanAsselt, for Board Read More

Oct 12 2015

More Patrick Changes Hands

By Matthew Silver / October 12, 2015 October 12, 2015 / Business, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Following a continuing saga of Jeffrey L. Gendell unloading shares of Patrick Industries, Inc., as MHProNews reported Oct. 8, when he sold 19,200 shares earlier in the week, he has sold more, according to a filing with the Securities and Exchange Commission (SEC), as reported by dakotafinancialnews. Any transaction involving …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015

By Matthew Silver / October 11, 2015 October 10, 2015 / Awards, Business, Canada, Communities, Company News, Economy, Finance, home buyers, Legal, Legislation, Manufactured Homes, Modular, People, regulation, RV, Stocks

What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More

Oct 10 2015October 10, 2015

Clayton Acquires Georgia-based Site-built Homebuilder

By Matthew Silver / October 10, 2015 October 10, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

From knoxnews MHProNews has learned Clayton Homes, of Maryville, TN has acquired Georgia-based Chafin Communities, a residential community developer and home builder for an undisclosed price, adding Clayton to the site-built industry. Keith Holdbrooks, president of the Clayton home building group, said, “It means that we are expanding our home …

Clayton Acquires Georgia-based Site-built Homebuilder Read More

Oct 9 2015

Stock of Equity LifeStyle Properties gets Strong Buy Rating

By Matthew Silver / October 9, 2015 October 9, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

Calling Equity LifeStyle Properties (NYSE:ELS) “Today’s Strong And Under The Radar Stock,” thestreet offers ten reasons why the stock is so strong, beginning with: “ELS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.8 million. ELS has traded 18.925399999999999778310666442848742008209228515625 options contracts today. …

Stock of Equity LifeStyle Properties gets Strong Buy Rating Read More

Oct 9 2015October 8, 2015

Drew gets “Buy” Rating

By Matthew Silver / October 9, 2015 October 8, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Analysts at Sidoti and Citigroup rated Drew Industries, Inc. (NYSE:DW) a ”buy” as the stock gained +3.52 percent in trading, Thurs., Oct. 8, to close at $58.19. With a market cap of $1.42 billion and a P/E ratio of 20.919, Drew has a 1-year low of $41.63 and a 1-year …

Drew gets “Buy” Rating Read More

Oct 8 2015

Passages: Jeffrey Allen

By Matthew Silver / October 8, 2015 October 8, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular, People

Jeffrey Allen, 67, of Waterford, Maine passed away following a battle with cancer. He transported manufactured and modular homes for many of the New England producers, eventually starting his own company, Northern Home Transport, which he operated until he retired. He also worked for Cianbro, C. N. Brown and PK …

Passages: Jeffrey Allen Read More

Oct 8 2015

Patrick Major Shareholder Unloads more Stock

By Matthew Silver / October 8, 2015 October 8, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from dakotafinancialnews that Jeffrey L. Gendell, a major shareholder of Patrick Industries, Inc. (NASDAQ:PATK), has unloaded yet another block of company stock, 19,200 shares, as disclosed in a required legal filing with the Securities and Exchange Commission, which noted the transaction occurred on Oct. 6. Sold at …

Patrick Major Shareholder Unloads more Stock Read More

Oct 8 2015October 7, 2015

Raymond James Upgrades Killam Properties to “Strong Buy”

By Matthew Silver / October 8, 2015 October 7, 2015 / Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from dakotafinancialnews that investment analysts at Raymond James have upgraded Killam Properties (TSE:KMP) from an out-perform rating to a strong buy rating. Other comments on Killam include Dundee Securities upgrading Killam from a neutral rating to a buy rating, setting a C$11.50 price objective for the company …

Raymond James Upgrades Killam Properties to “Strong Buy” Read More

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