An 80,000 lb. concrete monolith portion of a home developed by Jacksonville, Florida-based Montenero U. S. has been installed in Moore, Oklahoma, the site of a devastating tornado May 20, 2013. Comprising almost a third of the 1,885 square-foot house’s structural support, newsok.com informs MHProNews.com the shell will provide an …
Real estate investment trust (REIT) Sun Communities, Inc. (SUI) will release its fourth quarter, 2013 financials on Thursday, Feb. 14 before the market opens. Officials will discuss the results in a conference call later that same day at 11:00 AM eastern time, according to marketwatch.com. The conference call will be …
Capping a 14-year legal battle between the city of San Rafael, California and Contempo Marin manufactured housing community (MHC), the United States Supreme Court let stand a lower court ruling that favored the city’s rent control ordinance. A U. S. district court ruled in favor of the Contempo, owned by …
U. S. Supreme Court Refuses to Hear Equity LifeStyle Properties Appeal Read More
John Kozal, an engineer with Universal Forest Products, Inc. (UFPI) since 1994, has been mentoring high school students doing home design and construction since 2009, first at Union High in Grand Rapids, Michigan, and now at Central High. Seven students in particular received his undivided attention, according to schoolnewsnetwork.org, and …
UFPI Engineer Mentors High School Students in Home Building Read More
Following up on a story we first covered Jan. 9, 2014 regarding a dispute over the rewarding of a debris removal contract in Orangeburg County, South Carolina, a subsidiary of Santee Modular Homes in South Carolina is suing the county for failing to comply with federal guidelines and county guidelines …
Canada’s Killam Properties, Inc. (TSX:KMP) will release its Dec. 31, 2013 year-end financials on Tue., Feb. 18, 2014 after the market closes. A live audio webcast and conference call to discuss the results will be held the following day, Wed., Feb. 19 at 10:00 AM eastern time, according to wsjonline.com. …
Argentinian studio 4L arq has designed an affordable modular home for a vulnerable group of single mothers in the Argentina city of Cutral Co, Neuquen, Argentina. Made of concrete panels, the design process involved the future inhabitants of the homes each step of the way, MHProNews.com has learned from designboom.com. …
The marsfieldnewsherald.com reports that manufactured and modular home builder Liberty Homes, Inc. of Dorchester, Wisconsin was chosen to receive a visit from the current Alice in Dairyland, Kristin Olson. Olson is the ambassador of the WI Department of Agriculture, promoting agricultural products to the state, country and world, logging 40,000 …
Manufactured housing community (MHC) UMH Properties, Inc. (UMH) will host a review of Q4 and year-end financial results Thursday, March 13, 2014 at 10:00 AM EST, following the release of those results the day prior, March 12. Senior management will discuss the results and future forecast, marketwatch.com says, during the …
Building products company USG converted notes held by Berkshire Hathaway into an equity stake, making Warren Buffett’s company the largest shareholder in the company at 30.5 percent. During the financial crisis in Nov. 2008, as wsj.com reports, Berkshire invested $300 million in convertible notes at a 10% interest rate. Fairfax …
Ten new honorees will be inducted into the RV/MH Hall of Fame Class of 2014 on Aug. 4, 2014 at the Hall facility in Elkhart, Indiana. MHProNews has learned the inductees from the manufactured housing industry are: • Barry Cole, president of Manufactured Housing Insurance Services and Cole Housing Corp.(insurance …
Wells Fargo & Co. upgraded shares of manufactured housing community (MHC) owner Sun Communities, Inc. (NYSE:SUI) to an outperform rating from a market perform rating. Two analysts had previously cut their price target on Sun, but both now have issued an outperform rating for the stock, according to tickerreport.com. In …
Sun Communities Garners Outperform Rating on Stock Read More
A subsidiary of manufactured housing and recreational vehicle community owner Sun Communities, Inc. borrowed $141.5 million from Bank of America, split in to two loans. The $72.4 million Pool A Loan accrues interest at 4.89 percent annually, while the interest rate on the $69.1 million Pool B Loan is 4.90 …
The owners of Santee Modular Homes, Inc. in Orange County, South Carolina protested the county council’s decision to award a contract for debris removal to an out-of-state company instead of their firm, Santee Debris Removal. As part of the Federal Emergency Management Agency’s (FEMA) guidelines for disaster preparation, local jurisdictions …
Modular Home Builders Protest South Carolina Decision Read More
UMH Properties, Inc., a real estate investment trust (REIT) operator of manufactured housing communities, has filed an 8-K disclosure form with the Securities and Exchange Commission (SEC) to report the change of an officer. Allison Nagelberg has served as the General Counsel of UMH and its affiliate, Monmouth Real Estate …
Manufactured housing community (MHC) owner Inspire Communities of Gold River, California has acquired Quail Ridge Estates of Lake Charles, Louisiana. An all-age community, Quail Ridge was 89 percent occupied at the time of acquisition in Q4, 2013, and has 373 home sites set on 82 acres and features several recreational …
Inspire Acquires Manufactured Housing Community in Louisiana Read More
The same three-dimensional technology that will eventually enable surgeons to rehearse open-heart surgery on a particular patient before opening up the chest cavity is being applied to aerospace and automotive design as well as to architecture, life sciences, construction, consumer packaged goods and even to the fashion design industry. The …
Following the devastating 7.2 earthquake that struck the Philippines south of Sagbayan in mid-October, 2013, Solid Group Technologies Corp. (My|House) has offered four modular classrooms as a replacement for Katipunan Elementary School, which was destroyed, and its neighboring daycare center. The quake killed 67 and laid waste to multiple houses, …
Modular Classrooms Replace Earthquake Struck School Read More
JLT & Associates of Grand Rapids, Michigan is merging with national manufactured home (MH) appraisal firm Datacomp and MHVillage, a major internet marketing website for manufactured homes in land lease communities. Appraising MH since 1987, Datacomp gathers information about home values and features of manufactured housing communities (MHCs), and maintains …
JLT & Associates Merges with Datacomp and MHVillage Read More
According to tickerreport.com Zacks has upgraded shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) from “neutral” rating to “outperform” in a research report issued to investors, with a $42.80 target price on the stock. While ELS has a 52-week low of $33.36 and a 52-week of $42.86, it closed down Tuesday …
