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 …
The Texas Manufactured Housing Association (TMHA) has informed us that long-time TMHA member Bill Kotylo passed away Oct. 28, 2013. In addition to his position as president of the Standard Casualty insurance company in New Braunfels, Texas, he worked tirelessly on behalf of numerous community organizations including the New Braunfels …
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality …
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
Unlike many school districts in the U. S. that are strapped for funding, schools in North Dakota have been receiving oil impact grants, and show ending-fund balances for 2012-2013 of $278.7 million statewide, according to bismarcktribune.com. Rep. Mike Nathe, R-Bismarck, says the oil impact money could be put to better …
Modular Homes Accommodate new Teachers in Housing-strapped N. Dakota Read More
While mortgage lending in rural areas expanded last year as did as did overall lending, rural applicants are more likely to be denied and to pay higher interest rates than urban borrowers. While 21 percent of rural applicants were denied a loan last year–some 500,000– the overall rate for the …
Rural Mortgage Borrowers Hit Harder than Urban Brethren Read More
A Superior Court judge’s ruling that rent controls established in 1984 for the Tricia Meadows land lease community of Mount Laurel, New Jersey will expire Dec. 31 has led to a lawsuit opposing the action. The mostly senior low and moderate-income residents believed their $224.50 monthly rent would continue because …
According to marketwatch.com, Cavco Industries, Inc. (CVCO) will release its financials for the second quarter of fiscal 2014 on Thurs., October 31 after the close of the market. Senior management will discuss the results in a webcast the following day, Fri., Nov. 1 at 12:00 noon EST. Interested parties may …
Representative Shelley Moore Capito (R-WV), who serves as Chairman of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit, is garnering support to encourage Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to postpone implementation of the new mortgage rules set to take effect in Jan. 2014, until …
Patrick Industries, Inc. (NASDAQ:PATK) reports net sales for Q3 2013 increased 29.8 percent over the same quarter 2012, from $112.9 million to $146.6 million. While sales to the manufactured housing (MH) industry rose 16 percent, the sales increase was due primarily to the 35 percent increase in revenues from the …
In the wake of last month’s devastating floods in Colorado, the Federal Emergency Management Agency (FEMA) will offer temporary manufactured homes to those who have been unable to find housing. As the republic.com informs MHProNews, with more than 400 families still living in hotels, the 50 Housing and Urban Development …
Doug Koos owns a manufactured housing community in Castine, Maine that he intends to turn into a modular housing community. Currently he has 19 manufactured homes on the property plus six abandoned homes that are currently being demolished in the community licensed for 29 units. State law allows for modular …
Universal Forest Products, Inc. (NASDAQ:UFPI) has been upgraded from neutral to outperform, according to a Zacks analyst as published by Zolmax.com. Zacks says, “Universal Forest’s earnings more than doubled year over year to $0.71 per share in the third quarter 2013. Revenues grew 22% on the back of healthy performances …
NECN reports the Vermont Manufactured Housing Innovation Project will begin replacing ten aging factory-built homes with new energy efficient manufactured homes in a pilot project funded by non-profits, tax rebates, and fixed bank rates. As MHProNews has learned, 15 percent of the homes damaged or destroyed in Vermont during Tropical …
Southern Energy Homes has finalized plans to move its homebuilding facility from Double Springs, Alabama to a 176,000 square foot plant in an industrial park in Russellville. The 200 employees of this manufactured housing builder will be transferred to the new operation in the northwest part of the state. The …
The Manufactured Housing Institute (MHI) and builderonline.com report that Clayton Homes of Maryville, Tennessee is the nation’s largest homebuilder. With over 1.5 million homes built since 1934, and numerous awards for design and construction, Clayton builds manufactured and modular homes, as well as commercial and educational buildings, through 35 facilities …
Clayton Homes Billed as Nation’s Largest Homebuilder Read More
Atlanta, Georgia-based investment advisory brokerage firm ARA announces the sale of Saratoga Hills manufactured housing community in Stillwater, New York, 24 miles from Albany. Saratoga is an all-age community of 300 homesites sitting on 91 acres with a mix of single and multisection homes. According to nreionline.com, the seller is …
