Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q2 2014 earnings report Thursday, July 17 at 8:30 AM eastern time, and will hold a conference call to discuss the results. While its stock opened this morning at $46.10, it has a 52-week high of $58.52 and a 52-week low of …
According to wsj.com, Elkhart, Indiana-based Patrick Industries, Inc. (NASDADQ:PATK) will release its second quarter financial results before the market opens Tuesday, July 29, 2014, followed by a conference call later that same morning at 10:00 A.M. eastern time. The question-and-answer session will be limited to investors and analysts, and will …
Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is …
Private investment firm Park Street Partners acquired the Cherrywoods Manufactured Home Community in the Kansas City area. The 45-homesite all age, four star community sits on six acres in Ottawa, Kansas, reports motoemag.com. Jefferson Lilly of Park Street says the company intends to make Cherrywoods into “the premier affordable housing …
A 1,512 square-foot manufactured home (MH) set for delivery to a dealer in Chico, California will mark a milestone for Golden West Homes of Albany, Oregon as it celebrates production of its 35,000th home. A plaque will be unveiled in honor of the event at a company cookout July 17 …
MHProNews.com has learned from wsj.com that real estate investment trust (REIT) Sun Communities, Inc. has set its earnings release and conference call dates for the second quarter, 2014. The results will be announced before the market opens Thurs., July 24 with a conference to follow later that day at 11:00 …
Two-thirds of the $60 million annual earnings for Anchorage Alaska-based modular construction company Builders Choice Inc. (BCI) come directly from the burgeoning oil and gas industry, according to alaskajournal.com. Revenues have multiplied six-fold since Sandi and Mark Larson bought the business in 2001. Working out of a 50,000 square foot …
Through a community enhancement program, Parkbridge Lifestyle Communities has been able to update existing manufactured homes (MH) and replace old homes with new ones in Crestway Bays in Surrey, British Columbia, Canada, just outside Vancouver. Lachlan MacLean of Parkbridge, noting the 1970’s build era of many manufactured home communities (MHC) …
Parkbridge Replaces/Rebuilds old Manufactured Homes Read More
From currentargus.com MHProNews has learned the oil and gas boom has hit Carlsbad, New Mexico, and with every apartment and motel room in town filled, people are sleeping on floors and living in backyard tents. In October 2013 the city approved temporary housing ordinances, and since then 100 travel trailer …
New Mexico City Approving Temporary Housing Permits Read More
Following a story MHProNews posted Feb. 28, 2014 about the closing of Spruces Mobile Home Park in Williamstown, Massachusetts due to persistent flooding, a Federal Emergency Management Agency (FEMA) grant that triggered the closing will help provide the building of replacement housing with eight of the 14 households tagged for …
Manufactured Housing Community Closing Spurs Affordable Housing Project Read More
MHProNews has learned from insurancejournal.com Charleston, South Carolina-based insurer Johnson & Johnson has named Cathy Parmley vice president of operations in charge of the company’s internal work flows and allocation of resources for commercial and personal lines. With 20 years of experience at the company, she mostly recently served as …
Killam Properties, Inc. (TSX:KMP) of Halifax, Nova Scotia, Canada will release its financial results for Q2 2014 on Wed., Aug. 6, 2014 after the close of the market. A conference call discussion of the results will follow on Thurs., Aug. 7, 2014 at 10:00 AM, according to wsj.com. Killam is …
With a previous focus on permanent and re-locatable modular buildings for military, governmental, commercial and administration applications, ICON Construction of McKinney, Texas is moving into the arena of modular dormitories for student housing. According to multihousingnews.com, modular construction allows for flexible floor plans, relocation from one campus to another and …
Jeff Luchetti Construction began JL Modular nine years ago and is now taking it to a higher level with a 45,000 square foot factory on tap to open this fall in Windsor, California to meet growing demand for modular facilities, especially schools that need more classroom space, according to northbaybusinssjournal.com. …
Modular Construction Facilities Expanding in California Read More
In February, 2014 after occupancy at the 55+ Capital Estates manufactured housing community (MHC) in Sacramento, California dropped to 70 percent, the owners decided to convert the community into an all-age MHC, much to the dismay of current residents, as sacbee.com informs MHProNews. Community owners can legally drop the the …
Sacramento Senior MHC Converting to All Age Community Read More
According to digitaljournal.com, Clayton Home Center Consultant Doug “Sarge” Linebaugh assisted a fellow disabled veteran, Luis Alvarez, in purchasing a manufactured home. “Right away, I hit it off with Luis and Maria,” Linebaugh said. “We were able to connect on a personal level, since I am also a disabled veteran.” …
Manufactured Home Focal Point for Disabled Veterans Read More
According to nasdaq.com, with a Relative Strength Index (RSI) of 70.36, UMH Properties, Inc. is now in overbought territory. The RSI is a gauge used by technically-focused investors, where any number above 70 indicates an asset has been overbought. It compares the average of gains in days that closed up …
According to etfdailynews.com, Jeffrey Gundlach, CEO of DoubleLine Capital, said at the Sohn Investment Conference, “Single-family housing is overrated. Renting is more appealing across all age groups, all parts of the U.S., city, suburb, small town and rural.” Investor Bill Miller of Legg Mason disagreed, saying housing affordability and low …
Sam Zell: With Home Sales Skittish, Multifamily Rental is Good Investment Read More
BMO Capital Markets’ Senior Analyst Paul Adornato says the housing bubble has made mortgages tougher to get, leading people to manufactured housing (MH), and since manufactured home community owner Sun Communities, Inc. is poised to take advantage of the situation, their stock has been bumped up to an outperform rating, …
Housing Bubble Drawing People back to Manufactured Housing Read More
Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to sddt.com. The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National …
