Southfield, Michigan-based Sun Communities, Inc. (SUI) will release its Q3 2014 financial results on Thursday, Oct. 30, 2014 prior to the opening of the market followed by a conference call set for later that same morning, at 11:00 AM EDT, according to marketwatch.com. The conference call will be available live …
Manufactured housing builder Clayton Homes of Maryville, Tennessee has developed an interactive tool that outlines the construction process of their homes, providing informative photos of the construction methods from top to bottom, including all the steps and the variety of materials and band name products that go into each home. …
Clayton Homes Rolls Out Video of Construction Process Read More
The cost of land planning and consent fees is driving up the expense for building affordable housing in New Zealand, which is restricting growth, according to Finance Minister Bill English. Chris Aitken, CEO of Hobsonville Land Company, says developers often face fees into the hundreds of thousands, and even millions …
The Modular Building Institute has awarded Star Apartments in Los Angeles, California as the Building of the Month. The 51 modules by Guerdon Enterprises LLC of Boise, Idaho for the Skid Row Housing Trust provides 102 apartments, each about 350 square feet, created with a community-minded open design with rooftop …
Following up on a story MHProNews last covered Sept. 22, 2014 regarding a 16-year battle between residents of Naples Estates MHC and the owner, Norton Karno, over residents’ attempt to buy the community in Florida, a settlement, if approved, would leave the community in Karno’s hands but he would add …
Residents Reject Community Owner’s Offer, Go Back to Court Read More
Manufactured housing community (MHC) owner UMH Properties, Inc. (UMH) will present to the Philadelphia Securities Association on Oct. 15, 2014 at the Union League of Philadelphia, according to marketwatch.com. UMH president and CEO Samuel A. Landy will deliver an overview of the company followed by a question and answer session. …
Following a story MHProNews last posted Sept. 4, 2014 regarding the acquisition of Deer Valley Corporation (DVLY) by software developer Peerless Systems Corp. (NASDAQ:PRLS), streetinsider.com reports Peerless has consummated its agreement to purchase 80 percent of Deer Valley common stock for $3.7 million. Through its manufacturing plant in Guin, Alabama, …
Peerless Homes Finalizes 80 Percent Acquisition of Deer Valley Homes Read More
Modular units originally intended for a large student apartment complex in Waco, Texas will now comprise the first phase of the West Campus Lofts project near Baylor University, according to Warren Hayes of Hayes Modular Group, who has built modular commercial buildings, hotels and barracks around the nation. Built by …
New Modular Apartment Complex will Blend with Historic Architecture Read More
According to istockanalyst.com, Killam Properties Inc. (TSX:KMP) will be releasing its financial results for the third quarter ended Sept. 30, 2014 on Tuesday, Nov 4, 2014 after the close of the market. A conference call to discuss the results will be held the following day, Nov. 5, at 12:00 noon, …
Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has declared a quarterly dividend of $0.18 a share payable on Dec. 15, 2014 to stockholders on record as of Nov. 17, 2014. The dividend represents $0.72 on an annual basis, and a yield of 7.65 percent, according to watchlistnews.com. UMH closed down …
Following a story MHProNews has posted recently regarding Cavco Industries, Inc.’s attempt to acquire competitor Elkhart, Indiana-based Skyline Corporation, Indiana’s Control Shares Acquisition Statute makes a hostile takeover difficult. However, if the raider can persuade a majority of non-interested shareholders (meaning everyone besides management, and the raider) to give it …
Control Shares Statute may Protect Skyline from Cavco Read More
While Skyline Corp. of Elkhart, Indiana is determining what suitor, if any, will acquire all or part of the company, founder Art Decio has agreed to donate $20,000 for high definition movie equipment for the Roosevelt Center gymnasium in Elkhart, where he and Mayor Dick Moore played basketball some 60 …
Skyline Founder Art Decio Donates Movie Equipment to Boyhood Gym Read More
The Renew Collection of Deltec Homes of Asheville, North Carolina offers homes with net-zero level of efficiency, reducing energy consumption by two-thirds compared to a traditional site-built home, according to sbcmag.info. Featuring double-stud walls, solar panels, triple-paned windows, exterior insulation and fresh air ventilation, their first net-zero home was delivered …
In response to Cavco Industries, Inc. attempt to acquire Skyline Corporation following Skyline’s announcement it will spin off its RV division to Evergreen Recreational Vehicles, LLC, as MHProNews reported Sept. 29, cnnmoney.com reports the company’s board of directors issued a statement: “Our Board has established a special committee tasked to …
McGill Commercial of Beaverton, Oregon wants to build an age-restricted, 103-homesite manufactured housing community at the northern edge of Florence, OR, according to register-guard.com. On July 7, the city council voted unanimously to change the zoning from commercial to manufactured homes. McGill paid $450,000 for the 13.7-acre tract, and plans …
Charged with “illegally blocking borrowers’ attempts to save their homes,” the Consumer Financial Protection Bureau (CFPB) has fined Flagstar Bancorp $37.5 million for violating the agency’s mortgage servicing rules, reports housingwire.com. Flagstar allegedly took excessive time to process borrowers’ applications for foreclosure relief, denied loan modifications to qualified borrowers, and …
Flagstar Charged with Violating Mortgage Servicing Rules Read More
Frank LaCrosse and Jib Turner are building small, modular homes in Little Current, Ontario, Canada—inexpensive to heat, maintain and afford. The 600-1,000 square foot homes have safe spray foam between the lightweight steel studs, in advance of the drywall, and the outside is an exterior insulation and finishing system, called …
Builders Betting on Small Modular Homes in Northern Ontario Read More
Following on the heels of Skyline Corporation’s tentative agreement to sell its recreational vehicle (RV) division to Evergreen Recreational Vehicles LLC, as MHProNews reported Sept. 26, Cavco Industries, Inc. announced that it has attempted for the past 30 days, through various channels, to open a dialogue with the Skyline board …
Cavco Industries Attempting to Acquire Skyline Corp. Read More
Evergreen Recreational Vehicles of Middlebury, Indiana and Skyline Corp., (SKY) producer of manufactured and modular homes and recreational vehicles, have signed a letter of interest for Evergreen to acquire all the assets of Skyline’s RV division. According to insurancenewsnet.com, Kelly L. Rose, board chairman of Evergreen, says, “I am very …
Mario Gabelli, with over $19 million invested in stocks, has reduced his position in Skyline Corp., a producer of manufactured homes and recreational vehicles, by 3.21 percent. He now holds 406,700 shares, which represents 4.85 percent of the company, according to yahoofinance.com. Gabelli has decreased his holdings in the company …
