MHProNews.com has learned from RVBusiness.com that Lippert Components of Elkhart County, Indiana reports it now has the capability through its Howe, Indiana facility to offer custom chassis for manufactured homes as well as to build any steel storage rack, carrier, frame or trailer. Chuck Bell, LCI vice president of chassis …
While tampabay.com writer Drew Harwell pounds owners of manufactured housing communities (MHCs) for taking advantage of people of limited means—”Mobile home parks charge homeowners every month to rent their square of dirt and concrete,” he says, which is not exactly complimentary of the residents either, because “they can’t afford to …
Writer Slams Manufactured Housing Communities but Residents Love Life Read More
Robert Calhoun bought Sunrise Mobile Home Park in Goose Creek, South Carolina in the 1970’s and expanded the home sites from 102 to 325, added a swimming pool and a gated section, and lost only three of the property’s 115 live Oak trees, as the area grew up around him. …
Factory-Built Homes Returning in Charleston, South Carolina Read More
The four manufactured housing stocks with the highest revenue, as MHProNews.com has learned from benzinga.com, are Cavco Industries, Inc. (NASDAQ:CVCO) that had a trailing-twelve-month revenue of $510.96 million with an operating revenue of 5.75 percent. With a gross profit for the same period of $11.46 million, Skyline (NYSE:SKY) reports a …
Benzinga: Cavco, Deer Valley, Nobility and Skyline have Highest MH Revenue Read More
While the Bon Ayre manufactured home community in Smyrna, Delaware advertised residents were not liable to pay real estate taxes, the community sent out invoices December 2013 billing them for taxes from 2006, up to $291 each, MHProNews.com has learned. After receiving complaints from residents, the attorney general’s Consumer Protection …
Manufactured Home Community Ordered to Make Restitution Read More
According to marketwatch.com, Cavco Industries, Inc. will release its financials for Q4 of its fiscal year 2014 on Thurs., May 22 after the close of the market. Discussion of the results by senior management will take place in a live webcast the next day, Fri., May 23 at 12:00 PM …
Duck Dynasty star of the Arts & Entertainment (A&E) hit reality show, Willie Robertson, will become the voice of Clayton Homes, as MHProNews has learned. Part of the company’s “Enjoy Life” campaign, CEO Kevin Clayton says, “Our company has a tradition of hard work and homegrown values. Willie Robertson is …
Willie Robertson: Duck Call Star will be Voice of Clayton Homes Read More
A veteran of the manufactured housing industry for over 40 years, Gary Abbate has passed away, according to Ken Anderson of the Arizona Housing Association (AHA). After joining the Redman Homes sales team in 1970 in Texas, he served as sales manager for Redman first in Florida from 1987-1996, and …
An industry leader and pioneering producer of manufactured homes since 1965, James L. Newman, Sr. of Bryan, Ohio passed away after a brief illness May 13 at age 75. He founded Manufactured Housing Enterprises (now MHE,Inc.) in 1965 with the motto of ‘Building Dreams One Home At A Time’ and …
According to azcentral.com, the Chandler (Arizona) Planning and Zoning Commission has approved a modular building to be used at Chandler Municipal Airport by Quantum Helicopters. MHProNews was unable to immediately determine the size of the structure or the provider. ## (Photo credit: Ron Medvescek/arizonadailystar.com–modular containers)
The founder of Republic Mobile Homes in Texas in the late 1960’s, Ralph Nattrass passed away at age 88 in Edmonton, Alberta, Canada April 30. An owner of communities, subdivisions and part owner of Republic-Henslee Manufacturing, he teamed with Frank and Marina Woody to start the current Republic group in …
Manufactured housing community (MHC) owner Hometown America of Chicago has acquired age-restricted Saddlebrook Farms MHC in Grayslake, Illinois, an hour from the corporate office. The 700-acre community features nature preserves, wooded areas and over 100 acres of lakes stocked with fish, and the new owners intend to install a state-of-the-art …
Hometown America adds Saddlebrook Farms to Portfolio Read More
The Anson County Board of Commissioners in North Carolina has unanimously approved a conditional use permit to allow Davis Family Homes to locate a manufactured and modular home sales center in Peachland, in south central NC. Currently zoned R-20 residential, the variance will allow a change to HI, heavy industrial, …
Property Rezoned for Manufactured, Modular Home Sales Read More
MHProNews.com has learned Newcastle Investment Corp. (NYSE:NCT) completed the sale of its manufactured housing portfolio that had a face amount of $222 million and was sold at 104 percent of par, $231 million. Part of the proceeds will go towards $152 million in debt expense, says businesswire.com. Newcastle received total …
Newcastle Divests itself of Manufactured Housing Portfolio Read More
Anchorage, Alaska’s comprehensive plan recognizes manufactured housing as an affordable option, but Anchorage 2020, as it’s called, does not protect manufactured housing communities (MHCs) from redevelopment, resulting in the loss of nearly 500 housing units since 2000. The replacement dwellings are less dense, and with the slowdown in production of …
The Manufactured Housing Institute (MHI) extends a welcome to the following new members this year: Advanced Distributor Products LLC Carefree Homes, Inc. CBRE National MHRV Team Mission Peak Capital Parkbridge Lifestyle Communities PayLease Pleasant Valley Homes, Inc. Purchasing Platform Steel Dynamic Structural Rail Division ##
UMH Properties, Inc. reports total income for the first quarter of 2014 rose to $15,849,000 from $13,426,000 for the same period of 2013, resulting in income of $6,559,000 in 2014 over $5,695,000 in 2013, according to marketwatch.com. Based in Freehold, New Jersey, the company reports core funds from operations attributable …
UMH Properties Reports Income Increase for First Quarter 2014 Read More
Killam Properties, Inc. of Halifax, Nova Scotia, Canada, in announcing its financials for Q1, 2014, reports while property revenue rose to $35,065,000 in 2014 from $33,249,000 in the same period of 2013, net operating income fell -3.0 percent from $18,166,000 in the first quarter of 2013 to $17,620,000 in the …
Killam’s Earnings per Share Nudge down in First Quarter 2014 Read More
Electric Cooperatives of Arkansas is sponsoring their annual Energy Efficient Makeover Contest for an Arkansas electric cooperative member who owns an all electric manufactured home. Valued at up to $50,000, contestants must be a member of the cooperative in good standing, submit an image of their manufactured home and answer …
$50,000 Energy Efficiency Upgrade Awaits Manufactured Home Resident Read More
Mike Taylor of Pacific Manufactured Homes in Beaumont, California says the mix of those buying manufactured homes is shifting from first-time buyers to vacation or second-home buyers and to people downsizing who may be looking to retire. The California Manufactured Housing Institute (CMHI) reports 70 percent of the sales are …
