Made to be assembled similarly to their furniture, IKEA has designed a modular flat pack refugee shelter that can be assembled by four people within eight hours, and the United Nations High Commissioner for Refugees is ordering 10,000 of them. Some of the first units will go to Iraq to …
KW Communications has informed MHProNews that Federal Capital Partners and Horizon Land Co. LLC have purchased eleven manufactured home communities (MHCs), primarily in western New York, for $88 million. This 2,413 home site transaction brings to 32 MHCs the two companies own with a total of 5,600 home sites. The largest …
Demand, Sales Rise for Manufactured Home Communities Read More
MHProNews has learned from Benzinga that 2015’s best performing real estate investment trusts (REITs) are manufactured home community owners. Equity LifeStyle Properties, Inc. (ELS), Sun Communities, Inc.(SUI) and UMH Properties, Inc. (UMH) averaged a 9.4 percent growth rate this year through mid-March. Sun owns and operates 242 MH and RV …
MHProNews has learned from ngnews.ca that Blair van Veld was chosen vice president of the Manufactured Housing Association of Atlantic Canada (MHAAC) in February. He and his father, Tony, own Twin Rivers Properties and Home Sales in Pictou, Nova Scotia, Canada near the Northumberland Strait. The company recently acquired its …
Atlantic Canada Firm Acquiring Manufactured Home Communities Read More
MHProNews has learned from insurancejournal that Citizens Property Insurance Corp. in Florida is now accepting alternative valuation methods from owners of manufactured homes to ensure they are properly covered. Manufactured home owners are encouraged to speak with their insurance agents to discuss possible improvements and upgrades to their homes as …
Insurer Offers Alternative Valuation on Manufactured Homes Read More
MHProNews has learned from multihousingnews that Largo Group of Cos. has arranged a $33 million financing package for six manufactured home communities (MHC). Four of the communities account for $16.65 million of the total, and are comprised of 565 homesites. They are: An eighty-acre development in Raleigh, North Carolina comprised …
Largo Secures Financing for Manufactured Home Communities Read More
Developers of a modular laminated wood and cork home tell MHProNews it can be set right on the beach and withstand hurricane winds up to 180 MPH. Mario Espeneira and Owen Healy of the Dutch company, Cubicco, say the house costs $116,000 and meets Miami-Dade County standards for high velocity …
Modular Home will withstand 180 MPH Beachfront Winds Read More
MHProNews has learned from prnewswire that the board of directors of Drew Industries, of Elkhart, Indiana, has declared a special dividend of $2.00 per share of common stock. The dividend is payable April 10, 2015 to shareholders of record as of March 27, 2015. Drew is a supplier of components …
Drew Board Authorizes Special Dividend for Shareholders Read More
For its first quarter ending Jan. 31, 2015, Nobility Homes reports sales increased 35 percent to $5,576,800 over $4,137,438 for the same quarter of 2014. Gross profit was $1,172,769 for Q1 2015 versus $745,530 for the same period 2014. First quarter income from operations for 2015 equaled $424,820 as compared …
Sales, Income Increase Marks Nobility Homes First Quarter 2015 Read More
Modular homebuilder Shorten Homes was on the front lines of the housing market when it imploded, selling nearly 200 homes in 2007, dropping to just over 20 homes the following year. When many other businesses went belly up, thetimes-tribune tells MHProNews, Shorten turned loose of 75 percent of its sales …
Tightening Belt Saved Modular Homebuilder from Closing Read More
Manufactured Home Sliding off Foundation; State Inspector Notes Dangers MHARR Objects to DOE Energy Standards for Manufactured Housing Dow Slides Again, MHCV Slips, Skyline Advances RVIA Honors RVIC/IMHA Director Mark Bowersox UMH Properties Reports Sustained Growth for Q4 2014 Modular Hotel for Brooklyn being Built in Poland Indicators of New …
In the company’s year end and Q4 conference call, UMH’s president and CEO Samuel Landy says the company acquired 14 manufactured home communities (MHC) comprised of 1,600 developed homesites for $42.6 million, representing an increase in home sites of 12 percent. In addition, UMH acquired an MHC in Erie, Pennsylvania …
UMH Properties Reports Sustained Growth for Q4 2014 Read More
A 254-room modular pod hotel slated for the Williamsburg section of Brooklyn, New York will be built in Poland and shipped to the city later this summer, according to what rew-online tells MHProNews. Developer Charles Blaichman, working with Waterbridge Capital and Irongate Development, says he picked Polcom Modular because of …
The Clayton Homes manufacturing facility in Rutledge, Tennessee has become the first homebuilder among members of the Manufactured Housing Institute (MHI) to receive the ISO 14001 Certification. This achievement is based on reducing waste through the recycling of building materials and lowering energy consumption. According to Wikipedia, ISO 14001 sets …
Clayton Homes Reaches International Standard for Reducing Waste and Energy Usage Read More
According to rejournals, Capital One Multifamily Finance arranged for a $9.5 million fixed-rate loan to refinance Burkhart Ridge Mobile Estates, a 306-homesite manufactured home community in Howell, Michigan, near Detroit. The ten-year loan has one year of interest-only payments and a 30-year amortization. Damon Reed, director of MHC finance for …
Capital One Scores another Manufactured Home Community Refinance Read More
Expanding its base from search engine to broader technological interests, MHProNews has learned from U. S. Modular that Google will use modular construction methods to add 2.5 million square feet onto it’s existing four-million-square-foot campus in Mountain View, California. The tent-shaped glass and metal structures, created by London’s Heatherwick Studio …
Sydney, Australia’s TEKTUM Ltd. has installed a HOUSE 2.0 on the side of a hill previously thought to be undevelopable because of its location. The drop from the front of the house to the rear is 25 feet. The tailor-made modular home was basically folded up and placed in a …
Homegoods retailer Muji in Japan has entered the modular housing business, according to gizmodo.com.au, adding modular homes to its line of 7,500 housewares. Japanese homes last on average 38 years (100 years in U. S.) because people there prefer to tear down existing buildings and build to their own specs. …
Japanese Retailer Muji adds Modular Homes to Homegoods Read More
Frontier Housing, a non-profit affordable housing steward in Morehead, Kentucky that offers factory-built homes as one of its options, is celebrating its 40th anniversary of providing housing solutions in northeastern Kentucky Nov. 15 at the Morehead Conference Center. Following entertainment and dinner, three awards will be announced: the Amanda Yarber …
The 2by4 Architects design firm in the Netherlands has developed a series of three small modular houses, each a little larger than the previous one. The tiny mods have wooden walls, frame and roof. They include an electric heat pump system, as well as optional off-grid components such as a …
Dutch Mini Homes start at $95,000 for Smallest Model Read More
