The manager of Clayton Home Sales in Lumberton, North Carolina, along with her husband and co-workers, won the title of Best Overall Chili at this year’s Rumba on Lumber’s Bud Light North of the Border Chili Cook-Off, held in Lumberton. Hunt, who also won a chili cook-off in South Carolina, …
MHProNews.com has learned from fwbusiness.com that Elkhart, Indiana-based Drew Industries, Inc. is acquiring two nearby businesses for $48 million. Drew is shelling out $36 million for Innovative Design Solutions (IDS), a Troy, Michigan-based designer, developer and manufacturer of electronic systems. The company had sales of $19 million in 2013, of …
MHProNews.com has learned Altius RSA (Rapid Systems Architecture) has introduced their newest mini modular home, the Solo 40, 480 square feet for $195 a square foot. Constructed from natural, renewable, durable and recyclable materials, the home offers both passive and active sustainable strategies, which includes an Energy Recovery Ventilation (ERV) …
The Plantation on the Lake manufactured home community (MHC) in Calimesa, California intends to exercise its option to build the remaining seven percent of the home sites to which it is entitled, bringing the total number of sites to 562, according to newsmirror.net. Forty-seven new homesites were approved by the …
MHProNews.com posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09 …
San Jose, California has the most manufactured-home communities in the state, 58 communities with nearly 11,000 homesites, according to mercurynews.com, and the owners of some in this Silicon Valley area will likely be tempted to convert their property to high-density, high-end housing. Of the 150 people who live in the …
Manufactured-home Community Surrounded by High-end Property Read More
Modular home producer Commodore Corporation will close its manufacturing plant in Danville, Virginia at the end of April, according to wdbj7.com, costing 100 employees their jobs. MHProNews.com has learned operations will be moved to a newer facility in North Carolina. ## (Photo credit: wdbj7.com–Commodore Corporation modular homes in Danville, VA)
MHProNews.com has learned from newssun.com that residents of Tanglewood manufactured housing community in Sebring, Florida were instrumental in raising $65,100 during 17 events for cancer research as part of the Tanglewood Residents’ Cancer Benefit. The Feb. 18 Benefit Bash was held in Tanglewood’s clubhouse, sponsored in part by community owner …
Manufactured Home Community Residents Support Cancer Reseach Read More
Stock research firm Zacks has upgraded the stock of Universal Forest Products, Inc. (NASDAQ:UFPI) from a neutral rating to an outperform rating based upon its earnings per share of +$0.40 in Q4 2013 versus a loss of -$0.10 per share in the comparable quarter of 2012, as MHProNews.com reported Feb. …
Updating a story MHProNews.com last covered Jan. 14, 2014 regarding a subsidiary of Santee Modular Homes in Orangeburg County, South Carolina suing the county over a debris removal contract, the public works department had sufficient manpower for cleanup in the wake of the recent ice storm. The lawsuit asked for …
Following up on a story MHProNews.com posted Oct. 14, 2013 regarding a warehouse in Camden, New Jersey set to open as a modular housing factory with the promise of 1,000 jobs for inner city residents within 3-4 months, the building remains padlocked and applicants are discouraged. Camden mayoral candidate Amir …
Landmark Properties wants to redevelop the 56-site Arrowhead Village manufactured housing community (MHC) in Flagstaff, Arizona into a 191-unit student housing complex. As the azdailysun.com reports, a meeting designed to meet the city’s zoning requirements and introduce the project to the public drew 100 people who wanted to know about …
Manufactured Housing Community Owner Plans Redevelopment Read More
The developers of the Grandview Apartment Development Project, a 72-unit apartment complex planned for Redwood Falls, Minnesota, continue to try and bring the per-unit cost down to $70,000. Trident Development, working with a local modular builder, as redwoodfallsgazette.com informs MHProNews.com, has lowered the cost to $78,000 per unit, and continues …
Using the H-2A visa foreign guestworker program to harvest fruit crops in Washington state requires the growers to provide housing for the workers. In 2013 there were 6,221 employees under the program, many living in manufactured homes, 12 to a home, that accompany the fields of the larger growers. This …
Ashland Holdings LLC, a subsidiary of Great Plains Holdings, Inc. has completed its phase 1 purchase of two parcels of land in Wildwood, Florida, which include a manufactured home that will be rented, and a 1,400 square-foot corporate office building, part of which Ashland will use and the other part …
Harking back to MHProNews.com Feb. 11, 2014, Patrick Industries, Inc. (PATK) released its financial for Q4 2013 and 2013. Fourth quarter 2013 net income was $5.0 million or $0.47 per diluted share. This compares to net income of $3.2 million or $0.30 per diluted share in the comparable period 2012. …
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving average of $44.99, a market cap of $1,729 billion and price-to-earnings ratio of 171.93. The stock’s …
Technology-based internet marketing services company SearchCore, Inc. of Lake Forest, California announces plans to open its second Wisdom Homes of America, Inc. manufactured home retail center, according to globenewswire.com. As MHProNews.com reported Feb. 4, 2014, Wisdom was set to open its first retail center in Rhome, Texas. The newest operation …
Following a story MHProNews.com last posted Jan. 20, 2014, the board of directors of Killam Properties, Inc. (TSX:KMP) once again announces it has declared a dividend of $0.05 per common share, to be paid on March 17, 2014 to shareholders of record Feb. 28, 2014. As wsj.com reports, Killam continues …
MHProNews.com has learned the stock of manufactured housing component provider Louisiana Pacific Corp. (LPX) saw its shares of stock rise nearly six percent yesterday (Feb. 13), with the volume much higher than normal trading days. Noting the stock is up 9.05 percent since Feb. 3, zacks.com reports it has had …
