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 …
MHProNews.com reports the Meadowbrook Park manufactured housing community in Richmond, Maine was evacuated after the Richmond Utilities District turned off the water system because it was leaking, and shut down the sewer system to prevent raw sewage from leaking into a nearby stream. The state Manufactured Housing Board and local …
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 …
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 …
At the April 22 meeting of the mayor and city council of Bastrop, Louisiana, council members discussed restrictions regarding the placement of manufactured and modular homes in the city, according to bastropenterprise.com. After agreeing that existing factory-built homes could be grandfathered in, City Attorney Doug Lawrence advised members of the …
City Seeks Siting Ordinance for Factory-built Homes Read More
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 …
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 …
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 …
Provider to Manufactured Housing Industry ups Revenue Read More
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 …
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 …
Founding father of the New Jersey Manufactured Housing Association Verdon R. Skipper, Burlington, New Jersey, passed away suddenly April 17, age 80. Verdon founded Pine View Terrace, a 55+ manufactured housing community in Browns Mills, NJ in 1966 , and it remains in the Skipper family to this day. In …
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, …
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 …
While the Senate Banking Committee is scheduled to hold a markup of the Housing Finance Reform and Taxpayer Protection Act of 2014, which includes securitization for manufactured home loans through a new agency, there is concern over lack of support from liberal Democrats who want more affordable housing provisions. Some …
Measure Favoring Manufactured Home Lending May be Stalled Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the Department of Housing and Urban Development (HUD) has responded to a Freedom of Information Act (FOIA) request from Sept. 25, 2012 regarding HUD’s expansion of in-plant inspections. MHARR’s staff will pore over the more than one thousand pages to assess …
HUD Responds to Freedom of Information Act Request by MHARR Read More
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 …
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 …
Nathan Smith, Chairman of the Manufactured Housing Institute (MHI), tells MHProNews the MHI Government Relations staff, Jason Boehlert and Rick Robinson, have developed a new website to facilitate contacting members of Congress about issues, as well as to learn more about the various issues that impact the manufactured home industry. …
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 …
Real estate investment services firm Marcus & Millichap (M&M), which closed over 6,600 transactions in 2013 with a value of approximately $24 billion, has announced the launch of its new website with quicker access to over $8 billion in listings, better direct connection to 1,300 agents and more information and …
Firm that Sells Land Lease Communities Updates Website Read More
