Sun Communities, Inc., reports for the year ending 12-31-2011 its FFO (funds from operations) increased from $2.97 per diluted share in 2010 to $3.13 per share in 2011, a gain of 5.4 percent. Same site net operating income was up 3.6 percent. Revenue producing sites increased by 732 for year …
Bradenton tells MHProNews.com Lippert Components, the wholly-owned subsidiary of MH and RV component maker Drew Industries, Inc., acquired Euramax International, Inc.’s United States RV entry door business for $1.7 million. USRV has annualized sales of $6 million. Lippert paid $1.2 million and will pay the balance over the next three …
Chicago-based Green Courte Partners, LLC, has confirmed the new managing director of their MHC acquisitions arm, Bill Glascott, is moving over from a similar position he held at Hometown America, LLC, a company Green Courte’s Chairman Randy Rowe helped found. MarketWatch tells MHProNews.com during his twelve years at Hometown Glascott …
A recent Associated Press story featured manufactured home owner and Appalachia resident Donna Robirds of Mount Orab, Ohio. The focus of the story is on the aging population in the region. Robirds is 67 and lives on a fixed-income. Nationally, the article notes, people 65 and over are expected to …
An ongoing bureaucratic wrangle in Alabama over licensing and governmental authority for the installation of modular storm shelters has left hundreds of people in DeKalb County vulnerable as storm season approaches. A bidding war for the contract resulted in a lawsuit, and the Alabama Manufactured Housing Commission claims it should …
Drive A Tank in Kasota, Minnesota offers the opportunity to pilot three different military tanks for up to four hours, learn the history of tanks in warfare, fire historic weapons—-and crush a mobile home. Packages range from $500 to $3495 for the opportunity. AutoBlog tells MHProNews.com Drive A Tank’s Tony …
Benzinga tells MHProNews.com that Nobility Homes, Inc. received a letter of non-compliance from NASDAQ because the company did not file the required Annual Report on Form 10-K with the Securities and Exchange Commission (SEC) for the period ending Nov. 5, 2011. The letter, received by Nobility Feb. 10, 2012, says …
MHProNews.com has learned from MarketWatch that MHC owner Sun Communities, Inc., of Southfield, Michigan has purchased three RV communities in Florida for $25.0 million cash. The acquisition includes 488 permanent RV sites and 636 seasonal RV sites which are in Bushnell, Orange Lake, and Hudson Florida. When combined with the …
Noting that manufactured homes of today are superior to the “single-wides” of 40 years ago, MHProNews.com has learned from MSNRealEstate that MH appeals to a variety of home buyers. Kevin Flaherty, vice president of marketing at Champion Home Builders says at the affordability level, “People are looking for a comfortable, …
In an exclusive communication from the Texas Manufactured Housing Association (TMHA), MHProNews.com has learned Manufactured Housing Institute (MHI) Chairman Joe Stegmayer will speak at the Hyatt Regency on Lasoya in San Antonio March 6 following the TMHA Second Quarter Board Meeting. He will address issues facing the national manufactured housing …
MHI Chairman, TDHCA Director, to Address MH Issues Read More
The DailyPress of Escanaba, Michigan, informs MHProNews.com of the passing of longtime manufactured and modular housing dealer Philip L. “Phil” LaMarch on Feb. 14 at age 92. He began in the automobile business, than switched to RVs and mobile homes, and developed Far View Estates, the first manufactured home community …
After the Bryan, Texas City Council and inspectors from various departments toured the 37 LLCs in the city in 2010, 117 factory-built homes had their utilities cut for safety reasons and 14 were demolished. 32 of the communities were affected. The ordinance to regulate the communities had been on the …
The Federal Emergency Management Agency (FEMA) reports the last Katrina manufactured home has left New Orleans. “Another page has turned in New Orleans’ post-Katrina history,” New Orleans Mayor Mitch Landrieu said in a news release. “At the end of the day, FEMA trailers were never meant to be permanent housing …
The 54 homeowners at Big W Mobile Home Park in Derry, New Hampshire, are celebrating ownership of their community. The New Hampshire Community Loan Fund (NHCLF) and ROC -NH (Resident Ownership Capital-New Hampshire) are celebrating their birthing of the 100th MHC in New Hampshire. Not one of the 100 has …
Robert Ludgate, Jr., the Alsace Township engineer in Temple, Pensnsylvania says he has agreed to table a township requirement for manufactured homes at the Urban Acres Mobile Home Park to have exterior cast-iron sewer traps. MHC owners Erica and Kevin Ernst told the township supervisors of the 75 homes in …
In an exclusive communication from MHI, MHProNews.com has learned Richard “Dick” Jennison has been chosen to head the Manufactured Housing Institute (MHI). The former partner and Senior Vice President at Omni Solutions Group where he managed their large not-for-profit business practice, Jennison previously spent nearly eight years as president of …
Is social media important? Zeman Homes thinks so. The Midwest manufactured home provider has launched a new blog with a focus on affordable living on their website. Headquartered in Chicago, Zeman Homes is a regional operator of over thirty manufactured home neighborhoods throughout Illinois, Indiana, and Michigan. “Customer satisfaction is …
Zeman Homes Announces Their New Affordable Living Blog Read More
From Alabama and AL.com, MHProNews.com finds another article on the recalled gas furnaces used in manufactured homes. The furnaces, produced by York International under the names Coleman, Coleman Evcon and Red T, have resulted in nearly 400 incidents of smoke and/or fire. The initial recall for the units, about 223,600 …
From Lake Tahoe News, MHProNews.com learns that a push for fewer regulations in Nevada includes some involving manufactured housing. Governor Brian Sandoval announced a plan recently to repeal 654 regulations advocates say will assist in the state’s efforts at economic diversification and job creation. According to the report, in addition …
As follow-up to an article we posted Dec. 26, 2011, SantMonicaDispatch tells MHProNews.com the Village Trailer Park in Santa Monica, CA has likely been saved from the wrecking ball by the LA Landmarks Commission. The owners of the 108 home site LLC (land lease community) wanted to develop the property …
Vintage MHC will Remain as Tribute to Industry’s History Read More
