In what Colliers International is calling the most ever paid per home site for a manufactured home community (MHC) in Oregon, Songbrook has been sold for $13.8 million to R & D Management, LLC of California. The gated community has 140 home sites on just under 32 acres in Eugene, …
High End Manufactured Home Community Sells for $13.8 M Read More
Sydney, Australia-based architect Stephen Sainsbury has designed Ecoshelta, a series of modular homes constructed of wood frames and corrugated metal siding and roofs that can be made in a variety of styles with minimal environmental impact. The interiors are lined with plywood from certified-sustainable plantations, as curbed.detroit informs MHProNews. The …
Australian Modular Home available in Multiple Configurations Read More
MHLIvingNews and MHProNews publisher L. A. “Tony” Kovach interviewed Brent Bolding, head of quality control at Sunshine Homes in Red Bay, Alabama. The interview documents the steps a manufactured home producer must go through in assuring the product is made correctly. Bolding, a former self-employed businessman, now in his tenth …
Video Interview Documents Quality of Sunshine Manufactured Homes Read More
For the second fiscal quarter of 2015 ending May 2, Nobility Homes Inc. (OTCQX:NOBH) announces sales rose 23 percent over the same quarter of 2014, $6,706,118 versus $5,431,026. Income from operations rose to $665,719 from $305,628 for the same period last year, while net income after taxes increased to $685,553 …
Nobility Posts Sales, Income Gains over same Quarter 2014 Read More
MHProNews has learned a medical mission to the town of Milot, Haiti, 75 miles from the capital, Port-au-Prince, included an ambulance donated to Sacre Coeur Hospital by George Gilpin, CEO and President of EasCare Ambulance in Dorchester, Massachusetts. In addition, the hospital last month received four modular housing units courtesy …
Long-time veteran of the manufactured housing (MH) industry, Dee Greiner of Conway, Arkansas passed away in her home June 9, 2015. She began her MH career with Barcraft Industries in 1967, and in 1972 joined the staff of Castle Industries, becoming vice-president. In 1986, according to thecabin, she co-founded Prestige …
Consumers who purchase an Energy Smart Home™ from Clayton Homes between now and Aug. 29 will receive up to $3,000.00 towards their first year’s utility bills, according to what virtualpressoffice informs MHProNews. Clayton CEO Kevin Clayton said, “We’re going to give consumers a jumpstart on those savings by providing an …
Clayton Homes offers Incentive to Buy Energy Efficient Home Read More
A New Jersey supplier of modular shipping containers that repurposes them to commercial applications, temporary modular houses and military uses has converted 16 containers for use as a five-story Air Traffic Control Tower fitted to Federal Aviation Administration (FAA) standards. While this particular one is designated as a temporary tower …
Modular Air Traffic Control Tower built by SEA BOX Read More
Gavin and Garrett Wright announce the opening of their new modular home sales center, G & G Home Center in Liberal, Kansas, and invite everyone to their grand opening Thursday, June 11 for the ribbon-cutting ceremony. Their father, Darrell Wright established D & H Homes in Garden City, Kansas in …
Modules for a 700 unit apartment complex set for Fox Creek, Alberta, Canada will be built in a company-run factory near Shanghai, China and assembled on site, with the first phase of 48 suites, each 980 square feet, to be ready for occupancy in early 2016. Calgary’s Stack Modular is …
Luxury Modular Apartments Rising in Alberta, Canada Read More
MHProNews has learned Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has agreed to acquire six manufactured home communities (MHCs) in Indiana, Ohio and Michigan for $68.6 million. The all-age communities contain a total of 2,200 developed sites, according to prnewswire. Barring any problems, the transaction is set to be finalized …
UMH Negotiating for Six more Manufactured Home Communities, Presenting at NAREIT REIT Week Read More
MHProNews reported May 25, 2015 that Jeffrey L. Et Al Gendell sold 18,783 shares of Patrick Industries, Inc. (NASDAQ:PATK) stock at an average price of $40.92 for $1,144,260.36. According to lulegacy, Gendell, a major shareholder of Patrick, sold an additional 48,500 shares on June 3, 2015 for $40.03 per share …
Gendell Unloads more Patrick Industries, Inc. Stock Read More
Noting that his HAS Income Opportunity Fund 1 has delivered upwards of 15 percent return through the end of 2014, Stephen Wheeler, HAS Capital’s Chairman says, “Returns from MH (manufactured housing) related investments are outpacing investments in other real estate sub-sectors. Consistent high return opportunities are available to MH investors, …
Manufactured Housing Investments Yield High Returns Read More
In manufactured housing news, L. A. “Tony” Kovach defines path to revitalize the MH industry, while one MH supplier picks new head, another MH producer closes, HUD Code production continues rising, MHC reverting to stick-built homes, Cavco seeks tax abatement, AZ MHC closing, Sen. Donnelly and MHI’s Jennison defend H.R. …
MHProNews has learned from kota tv that Magnolia Homes in Gering, Nebraska has closed its doors, and area development officials are looking for a new tenant. Citing large job losses and difficult finance problems in North Dakota due to the drop in oil prices, owner Harry Karsten sent a letter …
Champion Home Builders, Inc. of Troy, Michigan announced today that Keith Anderson, interim CEO since Jan. 2015, has been named President and CEO of the producer of manufactured and modular homes and commercial buildings. Having joined the company’s Board of Managers in 2013, he served as president and CEO of …
Manufactured Home (MH) and Recreational Vehicle (RV) community owner Sun Communities, Inc. (NYSE:SUI) of Southfield, Michigan has declared a quarterly distribution of $0.65 per share of common stock for Q2 2015, payable July 17, 2015 to shareholders of record as of June 30, 2015. The company’s board of directors also …
Sun Declares Dividends on Common and Preferred Stocks Read More
The 80-100 residents at Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona will have to relocate by January following the purchase of the land last year for over $3 million by MHP Scottsdale LLC, led by developer Ryan Hartman, according to azcentral. While many of the residents …
Arizona Manufactured Home Community will be Repurposed under New Ownership Read More
Capital One’s Manufactured Housing Finance has engineered a $5.9 million Fannie Mae fixed-rate loan to refinance Rio Plaza Mobile Home Estates (MHC) in King City, California. MHProNews has learned from multihousingnews the community is located in Monterey County 50 miles southeast of Salinas. The 110 homesite all age manufactured home …
MHProNews has learned Dowling Construction Co. in Oshkosh, Wisconsin lost its entire 25-person construction staff in 2008 in the wake of the housing bubble. The company was not able to hire anyone until they brought on two employees last year; they are now up to five workers, and have branched …
Changing Housing Market Leads Company to Modular Homes Read More
