The auction of manufactured homes in Bourbonnais, Illinois drew attendees from states as diverse as PA, TX, LA and MS, as well as from IL, MI and IN. A source at the auction told MHMSM.com that the auction was well organized, and drew sums within 30% of original factory cost. …
Zacks reports that Equity LifeStyle Properties (NYSE:ELS) and UMH (AMEX:UMH) rank first and second, respectively, in return on equity (ROE) among residential real estate investment trusts (REITs). Investors are attracted to firms with high ROEs because it is generally considered to be a sign of efficiency. Equity’s ROE is 18.4 …
The Federal Emergency Management Agency (FEMA) held an “Industry Day” seminar June 8 concerning production and future use of small disaster-relief homes, called Temporary Housing Units (THUs). Over fifty industry representatives attended. The Manufactured Housing Association for Regulatory Reform (MHARR) says the small housing units, 350 to 550 square feet, …
FEMA May Order More Homes from Factories for Disaster Relief Read More
The Toledo Blade says Springfield Township officials have established a partnership program with two area schools that will provide shelter to residents of five nearby communities of pre-HUD Code (mobile) homes. Residents of Royal Village would go to Dorr Elementary School, and Woodside Terrace residents would be sheltered at Springfield …
Schools’ Emergency Shelter Plan Includes Residents of Pre-HUD Code Homes Read More
Alabama’s 13 says Cordova is not the only city in Alabama hit by the April 27 tornado that does not allow manufactured housing outside an existing community of factory-built homes. Fultondale, just outside Birmingham, has a similar ordinance that Mayor Jim Lowrey says will be enforced, while adding the city …
FEMA Homes Restricted in Another Alabama Community Read More
The Reno Gazette-Journal in western Nevada reports the Lyon County Board of Commissioners has amended an ordinance that primarily affects manufactured housing. Any manufactured home over 15 years of age that has not been occupied for 12 consecutive months or more, according to electrical power records, may not be reoccupied …
County Extends Reinstatement Time for Unoccupied MH Read More
Benzinga says about an hour after the stock market opened June 7, the Dow Jones Industrial Average was up .32 percent, and one of the forces driving the uptick was manufactured housing, Cavco Industries, Inc. (NASDAQ:CVCO) in particular. Cavco had gained 2.4 percent by 10:05 A.M. The company’s trailing-twelve-month revenue …
The Indianapolis Business Journal reports that Lippert Components, Inc., a steel fabricating company of Marvin, North Carolina, has asked for tax credits from the city of Elkhart, IN to move into a facility vacated by Monaco Coach Corporation. This manufacturer of chassis, chassis parts and galvanized roofing for the manufactured …
PrNewswire says Nobility Homes, Inc., announced financials for its first quarter ending Feb. 5, 2011. Sales for the first quarter were $3,232,689 with a loss from operations of $170,996. 2010 Q1 sales were $3,292,874 resulting in a loss from operations of $411,593. The first quarter per share loss was .03 …
Nobility Counting on Florida Boomers Buying Manufactured Homes Read More
The Banner Graphic reports from Putnam County, Indiana, that the Indiana Department of Homeland Security (IDHS) has 60 free weather radios it is planning to distribute to manufactured homes, the homebound and low income residents of the county. Kim Hyten, Putnam County Emergency Management director, said outside sirens cannot always …
Indiana County Distributing Free Weather Radios to MH Residents Read More
Florida Today reports that nearly three years after Tropical Storm Fay turned Lamplighter Village, a manufactured home community in Melbourne, Florida, into a fishbowl up to four feet deep, $3.8 million of storm water improvements have been made. The storm dumped up to 30 inches of water in three days …
Business Wire reports that T.J.T., Inc. announces the appointment of Shawn CJ Kling as president and chief executive officer (CEO) of the company, replacing Joseph B. Light who is retiring. The company supplies recycled axles, tires and other transportation supplies, and provides aftermarket products to the MH industry. Serving a …
Executive Change in Manufactured Housing Transportation Firm Read More
The Sacramento Bee says Origen Financial, Inc. (Pink Sheets:ORGN) reported a net loss of $2.8 million for the first quarter of this year, at 11 cents a share, versus a net loss in Q1 2010 of $5.2 million, or 20 cents a share. The company, a real estate investment trust …
Portfolio Manager’s First Quarter Less Painful Than Q1 2010 Read More
Manufactured housing personal property (chattel) lenders state that unless amended, once rule making goes into effect on the Dodd-Frank Act (Dodd-Frank), loans on homes under $78,000 will become history due to the increasing fixed transactional costs per loan required by the law. MH lenders’ records reveal that most personal property …
Industry Pros Express Concerns over Dodd-Frank Implementation Read More
RVBusiness says that real estate investment trust (REIT) Sun Communities, Inc., of Southfield, Michigan, acquired Orange City RV Resort in Orange City, Florida, for $6.47 million cash. Orange City has 517 RV sites and is less than 50 miles to Disney World and the Daytona Beach area. According to the …
The Santa Monica Daily Press reports that eleven new manufactured homes are being showcased as examples of green technology applied to manufactured housing. Built with a combination of federal funds and local redevelopment dollars as part of an affordable housing initiative, the units have solar cells for energy and water …
California City Backs Green, Affordable Manufactured Homes Read More
Staff members of the Manufactured Housing Association for Regulatory Reform (MHARR) met May 26 with Acting HUD (Housing and Urban Development) Assistant Secretary for Housing – Federal Housing Commissioner Bob Ryan, and career officials of the HUD manufactured housing program. Issues included consumer financing, changing HUD’s “trailer” orientation to “housing” …
SmallCap Network recommends three manufactured housing stocks as smart buys , because at some point the housing industry will pick up, and now is the time to “join the party.” It says Cavco Industries, Inc. (NASDAQ:CVCO), is a good buy for the short term, but not the long term. The …
The Boston Globe reports the only community of factory-built homes in Boston sits on the Charles River and is owned by the residents. The 104 unit community just received word from Mayor Thomas Menino that the city will invest $815,000 to upgrade sewers, roads and electric power lines. The article …
Boston’s Sole Community of Factory-built Homes Gets Good News Read More
Bloomberg reports that manufactured housing shipments for March rose at a seasonally adjusted rate to 47,000, up 3,000 over February, and the highest in six months. On a seasonally adjusted rate, placements dropped 5,000 units February to March, and dealer inventory remained stable at 22,000. The average sales price increased …
Manufactured Housing Shipments Increased for March Read More
