The possibility of up to seven billion barrels of oil in the Tuscaloosa Marine Shale formation in southwest Mississippi and central Louisiana has led the McComb (Miss.) Board of Selectmen to vote in favor of annexing 40 acres for the construction of a 535-unit modular workforce community. Shale Lodge will …
A steel and glass-structured modular home with non-combustible fiber cement floor panels is designed to resist bushfires in the Australian outback, as well as to collect rainwater to use in the event of a fire. The modular Supashak is made to be transportable across Australia and adaptable to a variety …
A new manufactured housing community (MHC) is being developed in Courtland Township in western Michigan on the site of a former MHC, and the 55 and older community may eventually include up to 700 two and three-bedroom homes. The Oaks of Rockford will begin with 150 homesites at $375 a …
The IDEAS Investor Conference to be held Tue., Aug. 26 in Chicago will feature Encore Wire Corporation’s (NASDAQ:WIRE) Chief Financial Officer Frank J. Bilban presenting his company’s investment merits to an audience of investment professionals who combined have over $200 billion of assets under management. IDEAS Conferences, which are also …
Manufactured Home Wire Supplier Presenting at Investor Conference Read More
Equity LifeStyle Properties (ELS)/Equity Residential Chairman Sam Zell is seeking to raise $600 million for investments in emerging markets in India, China and Latin America, and may be competing with his former partner at Equity Residential, Gary Garrabrant, who left Equity suddenly in 2012, according to therealdeal.com. Garrabrant, who founded …
The facility that was headquarters for modular home builder Pittsville Homes for 40 years in Pittsville, Wisconsin has been sold to Hay Creek Pallet Co., which was renting part of the building as the modular home business declined and the owner, Jim Hoogesteger, decided to retire, according to wisconsinrapidstribune.com. In …
Riverlake Partners LLC, a private-equity fund that focuses on growth investments typically with companies in the $20 million to $70 million value range, has made a majority equity investment in Guerdon Enterprises LLC, a producer of large, multi-unit modular commercial and residential buildings. Based in Boise, Idaho, Guerdon serves the …
According to housingwire.com, an article in the New York Post reports the National Association of Realtors (NAR) has asked the Federal Trade Commission (FTC) to block the $3.5 billion takeover of Trulia by Zillow due to anti-competition concerns. Although the two companies will remain separate entities, their combined 86.4 million …
A five-partner company in Missoula, Montana is converting used steel shipping containers into 192 square foot modular homes complete with bath, kitchen and all appliances including a washer/dryer, and aims to complete the conversion for each home in 30 days, according to missoulian.com. The principals in Montainer have engineering, construction …
Modular Container Homes: Order Online, Delivery Truck Arrives Read More
The Rochester Hills (Michigan) Planning Commission has been asked to rezone just under 80 acres for a 500 homesite manufactured housing community, according to theoaklandpress.com. Six Star Investments of Bloomfield Hills MI and DNL Property Holding of Novi, MI have filed documents for the proposal that will be presented at …
New Manufactured Housing Community Proposed in Michigan Read More
Manufactured home component supplier Drew Industries, Inc. (DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI) has acquired Duncan Systems, Inc., also of Elkhart, Indiana, and a supplier of aftermarket truck and recreational vehicle (RV) glass windows and awnings for $18 million. Duncan’s estimated sales as of July 2014 …
Lippert Acquires Aftermarket RV and Truck Component Supplier Read More
If a local businessman has his way, upscale Hilton Head, South Carolina will see a 14-home site manufactured housing community (MHC). Enrique Lopez has applied to the South Carolina Department of Health and Environmental Control for Coastal Zone Consistency Determination, and intends to sell lots for $70,000 each. Noting a …
Following up on a story MHProNews published July 31, 2014 regarding the acquisition by Sun Communities, Inc. of 59 manufactured home communities (MHC) comprising more than 19,000 homesites in eleven states from Green Courte Partners, LLC for $1.32 billion, we have learned from crainsdetroit.com that three of the properties are …
According to walsalladvertiser.co.uk, Great Britain’s Housing Minster, Brandon Lewis MP visited the site of the first two modular, affordable homes of a planned series of 40 being constructed in Walsall, a town with 269,000 in the metro area just northwest of Birmingham. Designed and manufactured at the Accord Group’s LoCal …
England Experiences One Day Modular Home Construction Read More
Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a …
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSE:KMP) announced on Aug. 13 shareholders of record as of Aug. 29, 2014 will be paid a dividend per share of $0.05, according to watchlistnews.com. While analysts at CIBC cut their target price back from $13.00 to $12.00 Aug. 8, they now have …
The Texas Association of Realtors reports not only did Texas see a rising inventory of homes for sale, but home sales in Q2 of 2014 increased 46.67 percent over the first quarter to 81,272 across the state. The median home price rose 5.87 percent from Q2 2013 to $187,300 for …
Following a story MHProNews last posted Aug. 7, 2014 regarding the sentencing of Marina McCuen for her role in a scheme that defrauded the government of millions of dollars by selling manufactured and modular homes to consumers whose credit information was altered, a second defendant, Roger Dean Bailey, Jr. was …
Second Defendant Sentenced in HUD Code/Mod Home Sales Scheme Read More
Following a story MHProNews posted July 29, 2014 regarding the opening of Southern Energy Homes’ (SEHomes) new 176,000 square foot facility in Russellville, Alabama, the new plant was dedicated Aug. 8 and attended by AL Gov. Robert Bentley, along with Rep. Johnny Mack Morrow, Sen. Roger Bedford and U. S. …
Southern Energy Homes Dedicates New Plant in Alabama Read More
With more than 25,000 homes sold in 2013, for the second consecutive year Clayton Homes of Maryville, Tennessee has earned the title of America’s Largest Homebuilder, according to ourmidland.com. This honor is based on the total number of site-built homes in 2013 as reported by Builder Magazine, and the number …
