Company News

Twin Coach Estates must Wait for Community to become Co-op

Following a story MHProNews.com last posted March 31, 2014 regarding Twin Coach Estates manufactured housing community (MHC) in Lakeville, Massachusetts, southcoasttoday.com reports the residents will have to wait until next month to complete their cooperative purchase of the community. Lakeville is tied up in the estate of the late Wayne …

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Manufactured Home Community Disrupted by Infrastructure Replacement

All of the infrastructure at Port Edward manufactured home community (MHC) in Port Edward, British Columbia (BC) was originally installed in the 1960s and now needs to be upgraded, according to thenorthernview.com. The entire community will be fenced in from April 28 to around Oct. 31, with no vehicles allowed …

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Insurer to Cover Manufactured Homes in Florida

Florida’s Heritage Insurance Holdings, LLC is planning an initial public offering (IPO) that may result in it raising up to $100 million in new capital, as reported in a preliminary prospectus filed with the Securities and Exchange Commission (SEC). Providing insurance to 128,000 homeowners, the insurer did not disclose the …

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Modular Bedrooms for the Bakken

According to virtualpressoffice.com, the value of the U. S fracking fluid market grew from $18.4 billion in 2012 to $26 billion in 2013 and is expected to hit $37.3 billion in 2018. With the resurgence of domestic energy production across the nation, for the first time ever analysts say the …

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Liberty Homes Model Chosen for Display

Liberty Homes’ modular CentreBlock townhome display in Burnaby’s UniverCity neighborhood offers a contemporary, predominantly white kitchen with flashes of color on the countertops and the backsplash, according to theprovince.com of British Columbia, Canada. Designer Martie Knockaert says white never goes out of style because it can be combined with many …

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3D Printer Cranks out Ten Homes in One Day

A private Chinese company has built ten stand alone homes in 24 hours, using a huge 3Dprinter and construction waste mixed with cement, according to gizmag.com. Suzhou-based construction materials firm Winsun creates cement/glass panels in a central factory and ships them to the site for assembly. MHProNews.com has learned the …

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Buffett’s Berkshire may Finance Homes

Chairman of Berkshire Hathaway billionaire investor Warren Buffett says his company may get involved in housing finance once Fannie Mae and Freddie Mac are out of the picture. Similar to what has been proposed in the Senate, he says the government should be the backstop of last resort in a …

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Patrick Industries Releases Financials

Patrick Industries, Inc. (PATK), producer and distributor of building and component parts to the manufactured housing (MH) and recreational vehicle markets, announces net sales for the first quarter of 2014 rose $28.0 million or 19.7%, to $170.1 million from $142.1 million in the comparable quarter of 2013. While 76 percent …

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Parkbridge Lifestyle Changing Perceptions of Modular Homes

With perceptions of factory-built home dwellers still stigmatized in British Columbia, Canada, especially on a popular TV comedy show called “Trailer Park Boys,” which depicts low-rent lifestyles, British Columbia’s biggest pension fund, the BC Investment Management Corporation (BCIMC), hopes to change that perception. BCIMC acquired Parkbridge Lifestyle Communities, Inc. in …

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Plug-In Modular Homes

Modular shipping containers comprise the Hive-Inn hotel concept designed by Hong Kong architects at OVA Studio, and each module can be removed without disturbing the surrounding rooms. As the photo shows, the concept presents valuable branding opportunities, which would allow a fan to stay in a Lexus suite or a …

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Provider to Manufactured Housing Industry ups Revenue

Supplier of axles, tires and set-up materials to the manufactured housing industry, T.J.T., Inc. of Emmett, Idaho reports a net profit of $26,655 for the second fiscal quarter of 2014, $0.01 per diluted share, as compared to a net loss of $121,270 for the comparable period a year earlier. Net …

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Factory-Built Home Show in Oxford, Maine

The annual Oxford, Maine Home Show begins Friday, April 25 along Route 26 with new manufactured and modular home models on display at Schiavi Home Builders, Turn Key Homes of Maine and Twin Town Homes. Billed as the largest show of its kind in New England, Norway Savings Bank, the …

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Clayton Wants Your Older Model Manufactured Home

Clayton Homes, Inc. of Maryville, Tennessee has embarked on an effort to encourage owners of older manufactured homes (MH) to trade their home for a new energy efficient MH and avoid potentially costly repairs to an older model. A Clayton Home Center representative will evaluate their current home and the …

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Target on Target for another Modular Mancamp in the Bakken

Target Logistics, a division of Algeco Scotsman, which already operates a dozen modular mancamps in North Dakota for oilfield workers, recently received an almost $30 million contract to provide accommodations for hundreds more oilfield workers in ND over the next three years. Some energy companies that have operated their own …

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Revenues for Equity LifeStyle Properties Rises

Manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) in releasing its 2014 Q1 financials today, Tuesday, April 22, report revenues of $196.59 million, up from $183.78 million last year, and well above analysts expectations of $178.97 million. First-quarter funds from operations (FFO) rose to $71.4 million, $0.78 per share, …

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Land Lease Community Converting to Modular?

The Sleepy Hollow Mobile Home Park in Manteca, California, long a sore point in the community with squatters, alleged drug dealing and other nefarious activities going on, is being closed, and according to mantecabulletin.com, will reopen with new modular homes. The 21-site community was adequate and neighborly to some but …

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Brooklyn’s B2 Modular Tower Delayed; City not Happy

Following a story MHProNews.com last covered Dec. 17, 2013 regarding Forest City Ratner’s 32-story Atlantic Yards modular housing project in Brooklyn, New York, therealdeal.com reports the completion date of the B2 Tower has now been pushed back to late 2015, instead of June 2014. Shanghai-based Greenland Holding Group, which invested …

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RV Show Opens with Manufactured Home Day

Thursday, May 1 is “Manufactured Housing Day” at the Puyallup RV Show in Puyallup, Washington sponsored by DeTray’s Custom Housing, Lakeview Meadows, Skyline Homes and Palm Harbor Homes. Promoted through the MHRV (Manufactured Homes Recreational Vehicles) Show Association, and running through Sunday, May 4, there will be seminars on financing …

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HUD Code, Modular Builder Expands

G&I Homes, Inc. recently took over the former site of Serenity Housing Sales, Inc. in Ballston Spa, New York, joining the company’s other manufactured and modular home sales centers in Utica, Vernon, Brewerton, Whitney Point and Oneonta, according to uticaod.com. As MHProNews.com has learned, G&I has been in business 49 …

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HUD Code and Modular Home Seller adding RVs

Grand Rapids, Michigan-based modular home dealer Midway Homes is expanding back into the opening of a division selling recreational vehicles (RVs). In business since the 1950s, rvbusiness.com reports Midway did sell RVs at one time but moved into the manufactured and modular home business when RV sales declined. An open …

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