TheWesterlySun reports the town of Richmond, Connecticut is providing extra services to the seniors of Hillsdale Mobile Home Park who are without electricity as the result of Hurricane Sandy. The town’s emergency management director has been delivering meals to the residents, and Verizon has re-established phone service. As MHProNews has …
In its report of fiscal 2013 second quarter financial results, Phoenix-based Cavco Industries , Inc. (Nasdaq: CVCO), reports net sales fell 15.3 percent, to $110,084,000 from the comparable period of 2012 when sales hit $130,008,000. GlobeNewsWire says net income for Q2 2013 dropped to $2,681,000 from $3,172,000 for the same …
Manufactured housing has become an important issue in a second house of representatives district in Delaware. The first pits challenger Beth McGinn against incumbent Briggs King for Seat 37 is south Delaware, as we last reported Oct. 17,2012. DelawareNewsZap tells MHProNews Democrat Theodore Yacucci is running to represent District 34 …
RVBusiness reports with 21 manufactured home communities and 35 recreational vehicle resorts along Hurricane Sandy’s path, Equity LifeStyle Properties Inc. (ELS) experienced minimal damage, and no one among staff or residents was known to have been injured. Preliminary reports indicate property damage amounting to under $500,000 was sustained, mostly for …
FinanzNachrichten reports Drew Industries, Inc. (NYSE:DW) has rescheduled its third quarter, 2012 earnings report due to the severity of Hurricane Sandy’s effect on the eastern seaboard. The component maker for the MH and RV industries through its wholly-owned subsidiaries Lippert Components, Inc., and Kinro, Inc., will deliver Q3 financials before …
Following up on a post we published Oct. 26, 2012 regarding legislation Pennsylvania Gov. Tom Corbett signed to protect residents of MHCs that close, LehighValleyLive informs MHProNews the drive for this measure began in 2006 when 50 families of the Barbosa Mobile Home Park in Northampton County were given 30 …
From Elkhart, Ind. SacBee reports MH and RV component maker Patrick Industries, Inc. has acquired the business and certain assets of cabinet door maker Middlebury Hardwood Products, also of Ind., for $20.3 million. As one of seven acquisitions since June, 2011 and the fourth this year, Middlebury is expecting net …
With the soil long inundated with septic systems, residents of Greensprings Mobile Home Park in James City County, near Williamsport, Virginia implored the Board of Supervisors to extend public sewer lines to the community, according to Virginia Gazette. Owner Franklin Management Co. has been pumping and hauling sewage for years, …
In reporting on the Manufactured Housing Consensus Committee (MHCC) meeting Oct. 23-25, 2012, the Manufactured Housing Association for Regulatory Reform (MHARR) says the federal manufactured housing program as administered by the Department of Housing and Urban Development (HUD) and the authority of the MHCC have deteriorated to a new low. …
MHProNews has learned Jeffrey W. Hallahan II of Garden Homes Estates has been elected president of the Massachusetts Manufactured Housing Association (MMHA), replacing Dave Piper, Jr., who served as president for many years and will continue as an associate member. George Peterson, Jr., assistant minority leader in the Massachusetts House …
GlobeNewsWire tells MHProNews Cavco Industries, Inc. (Nasdaq:CVCO) will release its earnings report for the second quarter of fiscal 2013 Thurs., Nov. 1, 2012 after the close of the market. A live webcast conducted by senior management officials to discuss the results will follow the next day, Fri., Nov 2, at …
RTTNews reports Freehold, New Jersey-based UMH Properties, Inc. has priced a registered offering of 1.25 million shares of its 8.25% Series A Cumulative Redeemable Preferred Stock at a price of $25.50 per share, which will total 3.66 million shares of Preferred A stock outstanding. The offering is anticipated to raise …
According to mcall, Pennsylvania Gov. Tom Corbett signed into law House Bill 1767, a measure that amends the Manufactured Home Community Rights Act that requires written notice to homeowners of a decision to close a community. The law also prescribes relocation expenses when homeowners do not have the means to …
Since Garden Homes Management Corp. began its attempt to construct a 124 homesite MHC in Oxford, Conn. in 2006, it has endured numerous hearings, commission meetings, studies, court battles and appeals, always being told, like that old gospel tune, there is “One More River to Cross.” As MHProNews has posted …
RVBusiness says real estate investment trust (REIT) Sun Communities, Inc. (SUI) reports an increase in sales for the third quarter 2012 of $83.1 million versus $74.7 million for the same period 2011. Sun incurred a third quarter net loss of $275,000 as compared to Q3 2011 when the company lost …
MH and RV component supplier Patrick Industries, Inc. (PATK) says third quarter 2012 net sales were up 45.9 percent to $112.9 million from $77.4 million in Q3 2011, a 13 percent increase of which was in the manufactured housing division. As sacbee tells MHProNews, net income from the third quarter …
NASDAQ reports in a TV interview this morning, Oct. 24, on CNBC, Warren Buffett says the housing market has turned a corner and home construction is improving, and he expects Berkshire businesses tied to that industry to pick up. Despite the global economy slowdown, the Oracle of Omaha says the …
Equity LifeStyle Properties, Inc., (ELS) reports its Funds From Operations (FFO) rose from $33 million, or $0.76 per share in Q3 last year to $53.2 million, or $1.17 per share for the third quarter of this year. According to RVBusiness, for the nine months ending Sept 30, 2012 FFO hit …
Following a story we posted Oct. 12, 2012 concerning Salisbury, Mass.’ desire for the state legislature to permit manufactured housing to qualify as affordable housing, Town Meeting voted Oct. 22 to send a home rule petition to the legislature for the second year in a row. As newburyportnews tells MHProNews, …
Community NASDAQ reports UFP Washington LLC, a subsidiary of Universal Forest Products, Inc. (UFPI), has agreed to acquire the assets of Nepa Pallet and Container, Inc., a manufacturer of pallets, bins and containers for industry and agriculture in Washington. This acquisition strengthens UFPI’s foot hold in the Northwest U.S., and …
