The third largest island in the world, situated southeast of the Malay Peninsula, Borneo is part of Malaysia and Indonesia, and hungry for modular housing to ease the shortage of affordable homes. Chinese-built modular homes have been exported to 80 countries, but transportation would make the prices too high to …
The board of directors of UMH Properties, Inc. (NYSE:UMH) of Freehold, New Jersey, has declared a quarterly cash dividend on the company’s common stock of $0.18 per share payable Sept. 15, 2014 to shareholders of record as of Aug. 15, 2014. In addition, the board declared a quarterly dividend of …
UMH Properties Declares Common and Preferred Stock Dividends Read More
Yorkshire, England entrepreneur Andrew Foreman has entered a 50/50 joint partnership worth $8 million with Marcol Group, a property investment company, to grow three modular building companies near Beverley on the Catfoss Industrial Estate. Catfoss Eco Modular Living Ltd manufactures modular buildings for homes and business. Catfoss Modular and Portable …
Three UK Modular Businesses Combined for Sustained Growth Read More
As the Michigan home market continues to improve, lenders say they are seeing more millennials, those in their 20s to 30s, now buying homes, comprising 31 percent of home buyers. The uptick is reaching the manufactured housing (MH) market as well. As digitaljournal.com reports, Sharon Crowe of Parkhurst Homes in …
After being voted the best place to buy manufactured and modular housing in the Best of Maury County (Tennessee) reader’s poll, Keith Baker Homes is closing its doors after 38 years in business. “We were voted the best in Maury for many years for which I want to express our …
Tennessee HUD and Mod Dealer Closing after nearly Four Decades Read More
MHProNews has learned from moosejawtimes.sk.ca in Saskatchewan, Canada, Sunflower Manor in Moose Jaw had its official grand opening June 23, the first multifamily modular housing unit in town. The nine modules, comprising six apartment units, were built in Winnipeg, Manitoba, Canada by Winkler Construction and then stacked to form the …
Lippert Components, Inc. (LCI) a wholly-owned subsidiary of Drew Industries, Inc. of Elkhart, Indiana announces its exclusive agreement with Shanghai Lixin Trading Co. Ltd. for the distribution of LCI products to the growing Chinese caravan, recreational vehicle and utility trailer markets. Shanghai Lixin recently created a special division to deal …
A major player in the manufactured housing industry in Elkhart County, Indiana since 1964 passed away June 25. Jack Tuff, founder of Tops Mobile Home Centers and several manufactured housing communities, and an early supporter of what became the RV/MH Hall of Fame, began his MH career in Fort Knox, …
RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price …
Patrick Acquires Aluminum Products Producer Foremost Fabricators Read More
Under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) can issue a cease-and-desist order to shut down any business at any time, preventing the business from re-opening until either the government gives its approval or a court ruling is issued. Due to the usual slow movement of bureaucracies and …
Consumer Financial Protection Bureau Disarming Arms Merchants Read More
Fort, Myers, Florida-based Murex Properties has acquired the 273-homesite manufactured housing community (MHC) Ventura Lakes in Punta Gorda, FL for $12 million, in conjunction with Northwest Mutual. The 84-acre community was developed in 1998 and includes an 8,000 square-foot clubhouse with a library, fitness center, billiards room, stage, dance floor …
Yale Law School’s 2014 recipient of the Simeon Baldwin award has been conferred upon Eugene Landy, founder and chairman of UMH Properties, Inc. (NYSE:UMH) and Monmouth Real Estate Investment Corp. (NYSE:MNR). The award recognizes achievement in law and business. Describing Landy as “one of the pioneers and founders of the …
Calgary, Alberta, Canada-based Black Diamond Group has increased its credit facility from $145 million to $150 million with an accordion expansion option of up to $250 million, according to sys-con.com. Black Diamond provides remote modular lodging and workforce housing with associated services to a wide range of industries including oil …
Following a story MHProNews posted June 18 regarding new modular homes destined for Union Beach to replace up to 16 destroyed by Hurricane Sandy, your4state.com reports six of the homes are being constructed by Foremost Industries, Inc. of Greencastle, Pennsylvania. The first two homes delivered, funded by the New Jersey …
Hurricane Sandy Replacement Modular Homes Producer Revealed Read More
David Rockwell, an architect know for luxurious restaurants, hotels and theatres is teaming with Fred Carl of appliance company Viking Range to produce a line of luxury modular homes called C3 Design, Inc., according to fastcodesign.com. The first one, “Pinwheel,” is 2,400 square feet, four rectangular rooms arranged around a …
Upscale Architect Designing Compact Luxury Modular Homes Read More
Western Petroleum LLC and its parent company, Pilot Logistics, are facing up to $30 million in fines for a crew camp violating zoning regulations in North Dakota’s Bakken oil patch, according to crookstontimes.com. The Williston Herald reports a conditional use permit for the site was approved in 2011 for 40 …
Crew Camp Operator Facing nearly $30 Million Fines in Bakken Oil Field Read More
A non-profit organization dedicated to teaching life skills to young men and women utilizing current and former National Football League (NFL) members, is partnering with a New Jersey modular home builder to sponsor the ProPlayer Football Camp and Charity Flag Football Game at Toms River High School North June 26 …
Modular Builder Teaming with NFL Players to Guide New Jersey Youth Read More
The board of directors of real estate investment trust (REIT) Sun Communities, Inc. (SUI) announces it has declared a quarterly distribution of $0.65 per share of common stock for Q2 2014, according to marketwatch.com. Distribution is payable July 18, 2014 to shareholders of record as of June 30, 2014. The …
Real estate investment trust (REIT) UMH Properties, Inc. will host a webcast to report on its second quarter 2014 financial results Friday, Aug. 8, 2014 at 10:00 AM, after releasing the numbers, Thursday, Aug. 7, according to marketwatch.com. To participate click on the company website www.umh.com. As MHProNews understands UMH …
The acquisition of much larger Fleetwood Homes by manufactured and modular home builder Cavco Industries, Inc. of Phoenix, Arizona, originated during the 2008 financial crisis when Third Avenue Value Management Fund, which has been following the MH industry, contacted Cavco’s CEO Joe Stegamyer and together they purchased bankrupt Fleetwood in …
Third Avenue Management Pleased with Cavco Investment Read More
