Senator Kevin Bryant of the South Carolina Legislature was honored by the Manufactured Housing Institute of South Carolina (MHISC). He said, “ I was honored by the Manufactured Housing Institute of South Carolina on Thursday 04.18.13 with the Legislator of the Year for 2012. Most legislation dealing with Manufactured Housing …
SeekingAlpha reports Equity LifeStyle Properties, Inc., the largest operator of manufactured home communities in the U.S., issued the transcript of its conference call for the first quarter 2013 financials April 23. CEO Margeurite Nader, noting the consistency of growth in their funds from operations (FFO), said demand continues to be …
MarketWatch informs MHProNews real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) reports its funds from operations (FFO) in the first quarter of 2013 were $30.7 million, or $.90 per share versus $25.7 million for the same period in 2012, or $.89 per share. Net income attributable to common shareholders …
RVBusiness says Elkhart, Ind.-based Patrick Industries, Inc., a component supplier to the RV and MH markets, reports first quarter 2013 revenue increased 38.4 percent over the same period in 2012, moving from $102.7 million to $142.1 million in Q1 2013. Sales in the RV sector accounted for approximately 75 percent …
Updating a story MHProNews last covered April 27, 2011 regarding the wildfire that destroyed 488 of the 600 manufactured homes at the Oakridge Mobile Home Park in Sylmar, Calif. in Nov. 2008, 60 spanking new manufactured homes have risen from the ashes and are now rentals. The dailynews says the …
Updating an MHProNews posting from March 27, 2013 regarding the modular home being assembled on the Empire State Plaza for the New York Housing Association Spring Symposium and Legislative Summit in Albany April 30-May 3, alloveralbany has a photo of the 1,300 square foot home. Stating manufactured housing is a …
Noting that baby boomers are poorer than their parents, with half of those facing retirement having less than $10,000 in the bank and one of six of them living in poverty, psmag informs MHProNews the residents of the 333 factory-built homes at Pismo Dunes Senior Park in central Calif. have …
MHProNews has learned from the Wall Street Journal there is rare bipartisan support in Congress to roll back a provision in the Dodd-Frank Act that could produce a decline in manufactured home lending, thereby hurting builders, lenders, and owners. A part of Dodd-Frank sets a threshold for interest rates beyond …
Both Parties in Congress Favor Revising Dodd-Frank Read More
In a special report to MHProNews from the BrenhamBanner in Brenham, Texas, the city council reversed an earlier vote and decided to grant a request for a 106-site manufactured home subdivision. The original request from Adolph Wehmeyer for a road frontage variance was denied—city codes call for 200-400 feet frontage …
Council Votes a Variance for New Manufactured Home Community Read More
MHProNews has learned from the burlington freepress in Vermont that residents of Windemere Mobile Home Park in Colchester, VT may finally realize a solution for the low water pressure and sewage problems in their community. Owned by the non-profit Housing Foundation, Inc. (HFI)n the 83 homesites have a water supply …
The Dept. of Housing and Urban Development’s ManuFACTured Housing Newsletter reports the Manufactured Housing Consensus Committee (MHCC) announces the appointment of three new members of the committee and the reappointment of six members, including the chairman, Richard Weinert. New members include: Debra Blake, Deputy Dir. for the MH Office, Arizona …
New Members of the Manufactured Housing Consensus Committee Read More
StreetInsider reports Universal Forest Products, Inc. has declared a semi-annual dividend of $0.20 a share, $0.4 annualized. Payable on June 15 , 2013 to shareholders of record as of June 1, 2013, the annual yield is 1.1 percent. As MHProNews reported April 18, net earnings for UFPI were up 25.7 …
Individuals and companies were honored for outstanding achievement in the manufactured and modular housing industry at the 2013 National Congress and Expo awards luncheon held in Las Vegas April 17, 2013. Those recognized for their contributions are as follows: LAND-LEASE COMMUNITY OF THE YEAR (Northeast/Mid-Atlantic)—Calverton Meadows, Calverton NY (South) – …
National Industry Leaders Honored at 2013 Congress and Expo Read More
According to ADVFN, Drew Industries, Inc. (NYSE:DW) will release its 2013 first quarter earnings report Fri. May 3, 2013 before the market opens, followed by a conference call at 11 AM EST that morning to discuss the results. While participation in the question and answer segment of the webcast will …
Following up on a story MHProNews posted April 17 concerning residential rental property in the Iowa legislature that would provide a tax break for manufactured housing communities, Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) says the House rewrote SF 295 that the Senate had passed and returned it …
According to BusinessWire, Universal Forest Products, Inc. (UFPI), in noting the best first quarter profits since 2006, reports net sales of $554.5 million for the first quarter of 2013, up 21.3 percent over the same period 2012. Net earnings of $5.2 million for Q1 represent an increase of 25.7 percent …
UFPI reports best 1st Quarter Profits in Seven Years Read More
Joe Kelly of the Iowa Manufactured Housing Association (IAMHA) informs MHProNews the Iowa Senate has passed SF 295, a property tax credit system comparable to how the homestead credit system works. Commercial tax payers have to make a one-time application. The fund begins at $50 million, and increases each year …
Iowa Legislature Considering Property Tax Amendment Read More
The Texas Manufactured Housing Association (TMHA) informs MHProNews that the House Urban Affairs Committee of the Texas Legislature voted in support of HB 2954. Administered by the Manufactured Housing Division of the Texas Dept. of Housing & Community Affairs, the measure would establish a down payment assistance program for manufactured …
Bill would Offer Down Payment Assistance for MH Buyers Read More
MarketWatch informs MHProNews manufactured and modular home builder Deer Valley Corp.’s wholly-owned subsidiary, Deer Valley Financial, Inc., (DVF) has entered an agreement to provide CIS Home Loans with a $2.5 million line of credit to increase its portfolio of retail mortgages for buyers of manufactured and modular homes. This will …
Loans more Available for Factory-built Home Buyers Read More
Following up on a story MHProNews posted April 12, 2013 concerning a Delaware initiative to provide up to $5,000 to help manufactured home owners in financial hot water, we have learned Del. manufactured homes are registered through the Dept. of Motor Vehicles like automobiles, a throwback to the early days …
