Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) will release its Q2 financials before the market opens Thursday, July 30, 2015 followed by a conference call at 10:00 AM Eastern Time that same morning for a discussion of the results and other business matters. The call will be conducted by Todd Cleveland, …
Patrick to Discuss Q2 Financials July 30; Gendell Sells More Stock Read More
For the third quarter of its fiscal year, T.J.T. Inc. announces net profits of $11,969 on net sales of $1,522,014, a turn around from its net loss of $7,114 reported April 13, 2015 for the previous quarter. As businesswire tells MHProNews sales for this quarter were comparable to Q3 of …
Supplier to Manufactured Home Market Reports Profit Read More
Luxury modular homebuilder C3 Design, Inc. in Greenwood, Mississippi has purchased Franklin Homes of Russellville, Alabama which has produced modular residential and commercial buildings for 46 years. C3 Designs owner Fred Carl, Jr. tells MHProNews he will invest in infrastructure and expansion of the Franklin line, but it will continue …
Several residents of The Woodlands manufactured home community (MHC) in Lockport, New York were told two years ago that the owner of their community would repair cracks that had begun appearing in the walls, ceilings and floors of their manufactured homes (MH). Although Equity LifeStyle Properties owns the community, but …
Work has Begun to Repair Manufactured Homes in Land Lease Community Read More
MHPronews has learned Arlington Estates manufactured home community (MHC) outside Blair, Nebraska was sold May 20 to local businessman Clifton Johnson by Kacey Witte. Licensed for 16 home sites, Arlington is zoned light industrial, which legally means no homes can be moved into the community, and those damaged more than …
Land Lease Community may Continue as Non-Conforming Read More
The Oaks of Rockford manufactured home community (MHC) in Rockford, Michigan is hosting a Grand Opening event on Friday, July 17 to welcome new manufactured home models to the 55+community. The Rockford Chamber of Commerce will participate in a ribbon cutting ceremony to celebrate the official opening. Open to the …
Michigan Manufactured Home Community Celebrates Grand Opening Read More
Add Parkland Estates Cooperative, Inc. of Litchfield, New Hampshire as the state’s 114th resident-owned community, according to Steve Varnum of the New Hampshire Community Loan Fund. What had been Hillsboro II Mobile Home Park became Parkland Estates June 26, 2015 when the residents of the 33 home site community negotiated …
Community Loan Fund Assists another Community into Co-Op Status Read More
Last month the Mashantucket Pequot Tribe in Connecticut broke ground on an affordable housing project of four modular units that will be ready for occupancy in September. There had been a rental housing wait list for years that produced few results. The tribe’s Housing Committee recently replaced it with selection …
Indian Tribe Installing Modular Homes on Reservation Read More
Manufactured home (MH) and recreational vehicle (RV) component supplier Drew Industries, Inc. (NYSE:DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI®) has entered into a six-year exclusive agreement with Furrion Limited, which is also headquartered in Elkhart, according to goshennews. The agreement affords Lippert the rights to distribute Furrion’s …
As the boundaries between working life and leisure life begin to fade, this 290 square foot micro apartment offers a home as well as a home office, according to jetsongreen. The Zoku Loft, co-founded by Hans Meyer, offers a living area, bathroom, small kitchen, a recessed area off the hallway …
Already the largest presence in the U. S. mortgage market, Wells Fargo (NYSE:EFC) is expanding its ambitions in the commercial real estate market, and more specifically, in the manufactured home community (MHC) sector. The acquisition of a $9 billion commercial loan portfolio from General Electric has imbued Wells Fargo with …
Wells Fargo Actively Pursing the Manufactured Home Community Loan Market Read More
MHPronews has learned from couriermail Ingenia Communities Group has acquired manufactured home community Upstream Bethania in its target market of Brisbane, Australia, and very near to Chambers Pines Lifestyle Resort, another recent purchase. The newest acquisition has 54 developed homesites, and work will begin immediately on the 74 additional approved …
Australia’s Ingenia Acquires Manufactured Home Community in Brisbane Read More
Our goal in presenting news and views from the manufactured and modular home industry is to help you, our readers, make the best possible decision in your business. To that end, we continue to upgrade our presentation to better inform you. In this week’s news you will read of developments …
Manufactured Housing’s Sunday Morning Weekly News Recap June 28 to July 5, 2015 Read More
Following up on stories from June 8 and June 19, 2015 regarding the sale of shares of Patrick Industries, Inc. (NYSE:PATK) by Jeffrey L. Et Al Gendell, wkrb13 informs MHProNews that Gendell sold another 2,700 shares of the company’s stock at $39.05 per share for a net value of $105,435.00. …
The Miami Everglades RV Resort in southwest Miami has been sold for $9.84 million by Miami Everglades Campground of Friendswood, Texas to MHC Miami Everglades, which is part of Equity LifeStyle Properties, Inc. (NYSE:ELS) of Chicago. Developed in 1970, the property includes cabins, a main store and a swimming pool. …
Equity LifeStyle Acquires Recreational Vehicle Resort in Florida Read More
With buyers experiencing difficulties finding financing to buy manufactured homes (MH), UMH Properties, Inc. (NYSE:UMH) President and CEO Sam Landy says the company is doing well with rentals and expects occupancy rates to reach “high 90 percent,” according to reit. Noting that the company intends to add 500 rental units …
Rentals Increasing for UMH; Date Set for Releasing Q2 2015 Results Read More
Randall K. Rowe, Chairman of Green Courte Partners, LLC has been chosen to lead a global organization dedicated to creating communities that are livable, economically prosperous and environmentally sustainable. As Global Chairman of the Urban Land Institute (ULI), an education and research non-profit founded in 1936, Rowe will have three …
Urban Land Institute Chooses Randall K. Rowe as Chairman Read More
Following the nearly four-year-old on-again, off-again saga of Forest City Ratner’s building of what is billed as the largest modular residential structure in the world in New York City, the mega firm has created a new position to head the modular housing division. Manhattan construction firm executive Susan Hayes will …
Mammoth Modular Project in NYC Moving Forward, Again Read More
MHProNews has learned Capital One arranged an $11.9 million fixed-rate Freddie Mac loan to refinance Catalina Village, an all-age manufactured home community (MHC) in Phoenix, Arizona. The borrower has owned Catalina for 20 years and regular investments in capital improvements have helped maintain a high occupancy rate. Proximity to two …
Capital One Arranges Financing for Manufactured Home Community Read More
MHPronews has learned from wfie14news that SSK Communities has acquired the 353 home site Lamp Lite Estates manufactured home community (MHC) in Owensboro, Kentucky and intends to “make significant improvements” which will include changing the name to Riverbend Pointe. Nathan Smith, SSK co-founder and Chairman of the Board of Directors …
SSK Communities Plans Revamping of Manufactured Home Community Read More
