Drew Industries, Inc. reported net sales for the year ending 2013 increased $114 million over last year to a record $1.02 billion, resulting in income of $50.1 million, $2.11 per diluted share, a rise from net income for 2012 of $37.3 million, or $1.64 per diluted share. Had it not …
According to cnnmoney.com, Universal Forest Products, Inc. (NYSE:UFPI) announced 2013 net sales of $2.5 billion, an increase of 20.2 percent over 2012, and net earnings of $43.1 million, $2.15 per diluted share, compared to net earnings in 2012 of $23.9 million, or $1.21 per diluted share. Net sales for Q4 …
Five hundred thirty acres of former farmland in Minot, North Dakota are set to become a new planned community of 2,000 residential units around a hub of commercial and retail space, including a park and trail system. Infrastructure work began last year to support the development, which includes what is …
Manufactured, Modular Homes Filling North Dakota Project Read More
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014 includes an $0.08 increase in distribution per common share; a midrange estimate of funds from operations (FFO) per share increase of …
According to thealpenanews.com, the Harrisville (Michigan) Aldermen heard from Carolyn and Rick Pender of their plans to develop their property into lots for 40 modular homes. MHProNews.com has learned the couple wants the city to vacate several unbuilt streets that they can use for their development. The Pender’s have hired …
Palomar Modular Buildings will have a display at the BuildExpo Dallas at the Dallas Convention Center, Feb. 12-13, 2014, one of the larger building and construction trade shows in the nation. As prweb.com informs MHProNews.com, Palomar manufactures modular building for office, retail, healthcare, education and workforce housing from its manufacturing …
Manufactured housing component and building supplier Patrick Industries, Inc. (PATK) is set to release its financial results for 2013 before the market opens on Thurs., Feb. 20. According to twst.com, a conference call will be held later that morning at 10:00 AM eastern time to discuss the results. CEO and …
The Indiana Manufactured Housing Association/Recreation Vehicle Indiana Council (IMHA/RVIC) honored past president Adriane DeRose with the President’s Award, bestowed upon a deserving board member each year. From Carefree Homes of Pendleton, Indiana, DeRose received the honor from IMHA/RVIC President Eric Oaks. The Citizen of the Year Award, presented to someone …
The former AIM High School Building in Ector County, Texas is up for sale by the Ector County Independent School District (ECISD). The highest bid of $1,352,000 was submitted by Cardinal Homes, Inc., according to newswest9.com. Headquartered in Wylliesburg, Virginia, MHProNews.com has learned Cardinal has a network of modular home …
The Board of Directors of Saudi Arabia’s Red Sea Housing Services Co., a publicly traded modular housing company, has recommended the distribution of 75 million Saudi Arabia rials (SAR), roughly $20 million at the current exchange rate, as cash dividends for 2013. According to what zawya.com tells MHProNews.com, the board …
Red Sea Housing Distributes a Share for each Share Owned Read More
BlueLinx Holdings Inc. (NYSE:BXC), a component supplier to the manufactured housing industry, will release fourth quarter financial results before the market opens on Thursday, Feb. 20, according to Nasdaq.com, followed by a conference call at 10:00 AM. CEO Mitch Lewis, and CFO and treasurer Doug Goforth will discuss the company’s …
Component Supplier to the Manufactured Housing Industry to Release Financials Read More
Following the thread of a story MHProNews.com posted Feb. 3, 2014 regarding the Kenya government’s plan to build thousands of modular homes for low-income residents, Canadian investor Charles Field-Marsham says the growing middle class among the 800 million in sub-Sahara Africa offers lucrative markets to tap into. A stockbroker in …
Under the terms of agreement with state consumer protection officials, Brady Sullivan Properties has agreed to repair defective modular homes it sold to residents of the Paugus Woods community in Laconia, New Hampshire, and buy back the five worst homes at the original price. The settlement requires Brady Sullivan to …
MHProNews.com has learned from marketwatch.com Universal Forest Products, Inc. (UFPI) has announced that Mary Tuuk, executive vice president of corporate services and secretary of the board of directors of Firth Third Bancorp, has been elected to UFPI’s board of directors. In her role at Fifth Third she is responsible for …
Following a story MHProNews.com first posted Jan 31, 2014 regarding Search Core, Inc.’s launching of manufactured home retail centers named Wisdom Homes of America, Inc., marketwatch.com reports the first full service center will open in Rhome, Texas Feb. 15. The lease includes 2,000 square feet of office and light warehouse …
Wisdom Homes Opening First Manufactured Home Retail Center Read More
Bob LeClair, executive director of the Maine Manufactured Housing Board, in anticipation of the weekend’s model show for factory-built homes at the Civic Center in Augusta, noting the resurgent interest in off-site built homes, says, “Back in 2006, before we had the big drop in the market, modular homes and …
SearchCore, Inc., a technology-based internet marketing services company in Lake Forest, California is expanding into the manufactured housing (MH) industry by opening MH retail sales centers under the name Wisdom Homes of America, Inc. The company has hired Brent Nelms, a 30-year veteran of the manufactured homes industry, as president …
Nathan Smith, 42, has grown from spending his early years in a pre HUD-Code home on a hillside in southeastern Kentucky to being the face of and partner in a company that develops and operates 25 manufactured housing communities (MHCs) in Kentucky, Indiana and Ohio. In a very animated TV …
Manufactured housing, modular housing and recreational vehicle component manufacturer Drew Industries, Inc. (NYSE:DW) will release its Q4 and 2013 financial results before the market opens Thursday, Feb. 13, and discuss the results in a conference call later that same morning at 11 AM EST. The question-and-answer session will be limited …
Following a 16-year tug of war between the owner of Naples Estates manufactured home community in Florida and the 484 homeowners who have wanted to buy the property from the owner, the Collier Circuit Court has reiterated a 2008 ruling that the residents have the right to purchase the property. …
