A plan to develop a 302 site seniors manufactured home community (MHC) in Nulkaba, New South Wales, Australia has been derailed by the Cessnock City Council, citing objections from neighbors who complained it would detract from the rural character of the neighborhood, and would increase alcohol abuse, crime and trespassing …
Planned Australian Manufactured Home Community Denied Read More
As a means of capitalizing on 1950’s TV series like “Gunsmoke,” “Rawhide,” and “Daniel Boone,” Bill Patton and Bill Pacy created Frontier Town in Ocean City, Maryland in 1959, and four years later added the 600-site Fort Whaley Campground. Manufactured home community (MHC) and recreational vehicle (RV) resorts owner Sun …
Sun Communities Corrals Eastern Wild West Show and Campground Read More
A Securities and Exchange Commission (SEC) filing dated August 4, 2015, reveals M. Scott Welch, a director of Patrick Industries, Inc. (NASDAQ:PATK) purchased 10,000 shares of company stock at $36.00 per share for a total of $360,000 on Aug. 3. While Patrick has lost 2.57 percent during the last week …
MHProNews has learned from bizjournals the former Oakwood Homes corporate headquarters in Greensboro, North Carolina has been sold to Stanley Benefits Services for $8.1 million, which will occupy 30,000 square feet of the 130,000 square-foot building. Oakwood, a builder of manufactured and modular homes with locations around North Carolina, vacated …
News from KWQC TV6 in Davenport, Iowa informs MHProNews that residents of Lake Canyada manufactured home community (MHC) near Davenport were scheduled to vacate the community by 11:59 PM July 1, and while many had already left, Phillip Hicks, a resident of 28 years, and his wife, Linda, were still …
Manufactured Home Community Closing, Set to be Sold Read More
For the second quarter 2015, sales at Drew Industries, Inc. (NYSE:DW) gained 13 percent over Q2 2014 to $362 million, one million over the first quarter to set a record, producing net income of $20.9 and earnings per share of $0.85, although short of consensus expectations of $0.93 per share. …
Drew Sales Gained in Q2 2015 over Same Period 2014 Read More
MHProNews has learned from thisdaylive that Alpha Mead Development Company (AMDC) has announced its plans to lower the entry level for middle income home buyers in Nigeria, using a modular building system. AMDC is one of the Strategic Business Units of Facilities Management Company, Alpha Mead Facilities & Management Services …
Nigeria Using Modular Methods to Construct Inexpensive Housing Read More
Port Orange, Florida’s Triangle Realty has managed to survive nearly 30 years of the economy’s up and downs by diversification. Owner Bob Marandino deals in manufactured homes (MH), residential sales and condos and property management, according to news-journalonline. “When one area is down another is up. We’ve been successful and …
Florida Realtor expects Baby Boomers will Drive Manufactured Home Sales Read More
What’s New in public focused Manufactured HomeLivingNews.com Art Linkletter and Manufactured Housing today Maintaining Quality and Strength While Saving Homebuyers Money – Inside MH Video with Mike Stone, part 2 What’s New in Manufactured Housing Industry Professional News Texas city lifts ban on MH after show of strength by industry …
Sunday Morning Recap-Manufactured Housing Industry News July 26-Aug. 2, 2015 Read More
In its quarterly earnings report for Q2, 2015, Patrick Industries, Inc. (NASDAQ:PATK) reported $0.78 earnings per share, beating the Thomson Reuters consensus estimate of $0.73 by $0.05, according to AnalystRatingsNet. Revenue of $233.50 million was just short of the consensus estimate of $239.80. CL King had set a “buy” rating …
Patrick bests Analysts Estimates on Earnings Per Share Read More
Capital One informs MHProNews that during the past 45 days it has completed 17 transactions for manufactured housing community investors providing over $150 million in funding. Led by Senior Vice Presidents Chad Thomas Hagwood and Damon Reed, the properties were located in Arizona, California, Colorado and Oregon, indicating the wide …
Capital One Closes $150 Million in Deals in 45 Days Read More
Sun Communities, Inc. (NYSE:SUI) reported earnings of $0.87 per share for the second quarter, besting analysts expectations by $0.04 per share, and besting earnings for the same quarter last year by $0.09 per share, according to dakotafinancialnews. Sun’s revenue was up 40 percent on a year-over-year basis, $165.90 million for …
Although not all of their merchandise can be ordered online, Swedish furniture manufacturer Ikea has developed an entire modular house they will build and flat-pack ship to you for only $86,000. In conjunction with architecture by IdeaBox, less than dramatic would define this clean-lined abode. The 745 square-foot home, the …
Baby boomers, rising rents, retirees and rising home prices are driving demand for affordable housing, which in turn is propelling the manufactured housing real estate investment trust (REIT) sector, pushing it to a year-to-date return of 13.13 percent, far above the -1.07 percent average for the FTSE NAREIT All Equity …
With a target price set at $64.00, Zacks has upgraded shares of Equity LifeStyle Properties, Inc (NYSE:ELS) from a hold rating to a buy rating, according to lulegacy. Shares of the real estate investment trust (REIT) opened at $56.87 on Monday, and closed Tuesday, July 28 at $57.07, approaching the …
Manufactured Home Community Owner ELS has Investors’ Attention Read More
Following a story MHProNews last posted June 25, 2015 regarding a request for expansion of a manufactured home community (MHC) on what was once part of the Southgate Estates MHC in Bloomington, Illinois, the city council denied the proposal. Although the planning commission had recommended approval, the city council voted …
City Council Rejects Current Plan for Manufactured Home Community Expansion Read More
An order by the Prince George City Council of British Columbia, Canada for the Lombardy Mobile Home Park to clean up unsightly property has only been partially adhered to, so city crews will go in and make sure the remainder of the order is fulfilled. A report indicates abut half …
MHProNews has been informed by Ross Kinzler, Executive Director of the Wisconsin Housing Alliance (WHA) that his Assistant Executive Director, Amy Bliss, has hired Laurie Mercurio as their new communications director. An AMS certified meteorologist, she has been an on-air weather and news reporter at WKOW-TV in Madison, WI. A …
State MH Associations: New Face in Wis., New Address in Ohio Read More
As a means to deal with the high demand for housing in Liverpool, England, Liverpool Mutual Homes (LMH) has begun preparing home sites for 33 eco-friendly modular homes to be placed in Belle Vale in southeast Liverpool. The £3.5 million ($5.42 million) project will consist of 21 modular homes with …
Modular Homes Rising in UK Neighborhood Known for Prefab Homes Read More
Many people have likely forgotten Superstorm Sandy, as the third anniversary of that devastating storm that ripped up the Eastern Seaboard approaches, but in Connecticut, Westchester Modular Homes of Fairfield County has opened an office in Bethel, CT to continue dealing with the victims of that storm. As courant informs …
Modular Homes Still Rising in Wake of Hurricane Sandy Read More
