A manufactured home that had been used by Innovative Hearth Products (IHP) to showcase their products has been donated by the company in Russellville, Alabama to the Franklin County Sheriff’s Office for use by the Franklin County Drug Unit. IHP will also donate sheetrock and other materials to make the …
Residents of the Hillcrest Mobile Home Park in Middleboro, Massachusetts are perfectly willing to see their site rents bumped from $192 a month to $281: It means long-neglected capital improvements will be undertaken for these residents who are purchasing the community from Morgan MHP Mass, LLC. Morgan had asked for …
While many buyers of manufactured homes (MH) are more concerned with affordability and, say, the kitchen cabinetry than energy efficiency, the MH industry is offering more energy efficient features that can save the homeowner anywhere from $30 to $70 month. Ronnie Richards, vice president of marketing for American Homestar Corporation, …
Energy Report on “Not Your Grandfather’s Trailer House” Read More
Dublin, Ireland-based Research and Markets, provider of worldwide market research and data, reports the Global Green Building Material market will grow 17.9 percent 2012-2016, especially as more governments become increasingly involved in promoting energy efficiency. MHProNews has learned it is estimated buildings now account for 40 percent of global energy …
Universal Forest Products Makes List of Green Vendors Read More
Joe Kelly, executive vice-president of the Iowa Manufactured Housing Association (IMHA), says, “The modular business has been pretty good in Iowa. In the second quarter, which is the latest for which we have numbers, we were fourth in sales among 34 states surveyed in growth over the first half of …
According to YAHOO!Finance, insurance rating firm A. M. Best Co. Inc. has affirmed the financial strength rating of Cavco Industries, Inc.’s (CVCO) subsidiary Standard Casualty Company with an A- (excellent) and issuer credit rating of “a,-” noting that both ratings are stable. Best notes the company’s adequate risk-adjusted capitalization, generally …
Halifax, Nova Scotia, Canada-based Killam Properties reports property revenue for the third quarter ending Sept. 30, 2013 rose 9.4 percent over the same period last year, $37,095,000 over $33,894,000, while net operating income increased from $21,442,000 in Q3 2012 to $23,250,000 for the most recent quarter, a gain of 8.4 …
Following the bursting of the housing bubble, lenders were requiring 20 percent down on loans or else consumers had to go with the Federal Housing Administration (FHA) for a low down-payment loan. Now some banks are offering mortgages for as little as five percent down, according to CNNMoney. The FHA’s …
The wbjournal reports a Northborough, Massachusetts company that provides lending services to buyers of manufactured homes is expanding its offices beyond New England into New York, Maryland and Delaware. Chris Schofield founded Priority Funding in 2003, and after originating approximately 3,500 loans, has decided he has maximized his potential in …
As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to amm.com. Chief Financial Officer (CFO) Joseph S. …
Due to the generosity of Fairmont Homes of Nappanee, Indiana the RV/MH Hall of Fame and Museum now has a modern manufactured home to display along with all the other exhibits and historical information, according to a press release from the museum. Darryl Searer, president of the RV/MH said Fairmont …
Kenneth D. Brown, 79, of Toddville, Iowa, a longtime member of the Iowa Manufactured Housing Association (IMHA) and owner of Bali Hai land lease community in Hiawatha, Iowa passed away Oct. 31. He was also co-owner of Brown and Dyer Construction, with Jim Dyer, and a cattle farmer for many …
Drew Industries, Inc. (NYSE:DW) reports net income of $14.8 million for Q3 2013, or $0.62 per share, compared to $9.8 million in net income for the same period of 2012, an increase of52 percent. Net sales in the third quarter 2013 hit $251 million, 11 percent higher than the comparable …
ATCO Structures & Logistics has received a contract to provide modular housing facilities and site services for a 1,200 person workforce housing facility for the Shell Carmon Creek Project near the town of Peace River in northern Alberta, Canada. According to marketwatch, ATCO is partnering with the Woodland Cree First …
Cavco Industries, Inc. reports net revenue for the second quarter fiscal 2014 totaled $129.8 million, an increase of 17.9 percent over the $110.1 million for the comparable quarter of fiscal 2013. Net income for Q2 fiscal 2014 was $4.7 million, $2.0 million more than in the same quarter a year …
Champion Home Builders, Inc. won several honors at the 2014 Jerry Rouleau Awards for Excellence in Marketing and Home Design, presented by the National Association of Home Builders’ (NAHB) Building Systems Council (BSC) during their “Showcase 24” held Oct. 21. The Excellence in Home Design is for the under-2,000 square …
Following a story we last published July 9, 2013 regarding the possible acquisition of 224 homesite Spruces Mobile Home Park by the town of Williamstown, Massachusetts for possible future affordable housing, now the town selectmen want a vote taken in Dec. to move forward with returning the property to a …
Flooded Manufactured Housing Community Returning to Natural State Read More
Continuing a tradition that began 22 years ago, Clayton Homes in Elkins, West Virginia, in coordination with 20 local businesses, sponsored its annual “Safe Trick-or-Treat” Tuesday night, Oct. 29 in a Clayton display home. General manager Judy Ritchie of Clayton says “We get phone calls starting two to three weeks …
Although in line with analyst’s consensus estimates of earning $0.82 per share for Q3, 2013, Sun Communities, Inc. (SUI) had revenues of $107. 20 for the same quarter 2012, far above the $80.38 million that had been estimated. By comparison, according to Zolmax.com, earnings per share hit $0.71 for the …
New York City-based Meridian Capital Group LLC arranged a $150 million acquisition and permanent financing of a manufactured housing community (MHC) portfolio package for Matrix Realty Group. The portfolio contains 11 MHCs comprised of 5,347 homesites in mostly small towns, ten in Michigan and one in Alabama, as rejournal.com informs …
Manufactured Housing Community Portfolio Moves through Matrix Realty Read More
