Manufactured Homes

UMH Closes on Second Half of Acquisition

Updating a storyMHProNews last posted Aug. 20, 2015, regarding the acquisition of six manufactured home communities (MHCs) by UMH Properties, Inc. of Freehold, New Jersey, prnewswire reports the company has closed on the second half of the deal. These three all-age communities, located in Indiana, are comprised of 1,254 developed …

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Patrick to Release Q3 Financials

MHProNews has learned from twst that manufactured housing component supplier Patrick Industries, Inc. (NASDAQ:PATK:) will release its third quarter 2015 financial results before the market opens Thursday, Oct. 29, 2015. President and CEO Todd Cleveland and CFO, Andy Nemeth, will conduct a conference call later that same morning at 10:00 …

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Land Lease Community has Steel Tornado Shelter

Mountain View Estates manufactured home community (MHC) in Rossville, Georgia now has an FEMA-compliant above ground tornado shelter that can hold up to 200 people in the event of severe weather, according to wrcbtv. Made of quarter-inch thick steel, it is welded and bolted to a concrete slab and can …

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Sunday Morning Recap-Manufactured Housing Industry News Oct. 11-Oct. 18, 2015

What’s New in public focused Manufactured HomeLivingNews.com Pets, Vets, Single Parenting, Student Debt and The Manufactured Home Solution! Take the Manufactured Home Quiz! Weathering the Storms: How Manufactured Homes Can Do It Better What’s New in Manufactured Housing Industry Professional News Marin County seeking more affordable housing. UFPI, Skyline post …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 11-Oct. 18, 2015 Read More

Zacks issues Buy Rating on Equity LifeStyle Properties

The most bullish Wall Street analyst has a short term price target of $63 for Equity LifeStyle Properties (NYSE:ELS), according to Zacks, and the most bearish has a one-year $57 dollar target. Zacks consensus target price is $60, based on three analysts 12-months projections. As stocksdaily tells MHProNews, Zacks utilizes …

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Skyline Corp. reports Limited Q3 Results

Skyline Corp. reported its third quarter earnings, noting only that the company lost $0.10 earnings per share, as dakotafinancialnews informs MHProNews. In trading Oct. 15, 2015, shares advanced +2.36 percent to close at $2.60, as trading volume hit 7,534 shares. The company has a 50-day moving average of $2.99 and …

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Government-Sponsored Enterprise Stabilizes $1 Billion of Affordable Housing

Freddie Mac multifamily has financed $1 billion in manufactured housing community loans in 18 months, according to what marketwired tells MHProNews. These are loans made to manufactured home community (MHC) owners, representing over 25,000 home sites in 23 states. “MHC loans are an example of how we are serving new …

Government-Sponsored Enterprise Stabilizes $1 Billion of Affordable Housing Read More

Dee Pizer Relinquishing Role of CEO at Zeman

After 35 years in the manufactured home industry, 30 of them with Zeman Homes, Zeman CEO Dee Pizer will step down from her position as of Dec. 15, 2015. She has held a number of positions with Zeman since joining the company in 1986, and in January, 2007 was chosen …

Dee Pizer Relinquishing Role of CEO at Zeman Read More

Arkansas MHA Names Industry Achievement Recipients

The Arkansas Manufactured Housing Association (AMHA), at its 44th Annual Meeting and Convention held in Little Rock, presented Industry Achievement Awards to association members for their contributions to the manufactured home industry. AMHA Executive Director J. D. Harper tells MHProNews Country Comfort Homes of Hot Springs, AR was named 2015 …

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UFPI Posts Record-breaking Results for Q3 2015

Universal Forest Products, Inc. (NYSE:UFPI) reports record-breaking Q3 2015 results, posting the best third quarter earnings in company history, with net earnings of $25.6 million, a 32.9 percent increase over the same period of 2014. It also marked the highest year-to-date earnings at $61.7 million over three quarters, according to …

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Assurant Closing Ohio Office

MHProNews has learned from bizjournals that Assurant Specialty Property, which sells manufactured housing insurance, has decided to close its Dayton, Ohio office it opened two years ago. The expansion occurred after client growth filled the Springfield offices. The move will affect 150 employees, some of whom will be able to …

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FEMA adds to Expense Ticket in Valley Fire Loss

A story MHProNews last published Oct. 8, 2015 details the Federal Emergency Management Agency’s (FEMA) disaster relief efforts for victims of the Butte and Valley fires in northern California. At that time they had disbursed over $4.5 million, and now that number has jumped to $7.49 million, according to record-bee, …

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Pine Ridge Indian Reservation getting Manufactured Homes

The first two manufactured homes (MH) have arrived at Ellsworth Air Force Base, South Dakota as a staging area for these and more MH that the Federal Emergency Management Agency (FEMA) is bringing in from storage in Cumberland, MD and Selma, AL to house flood victims on the Pine Ridge …

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Manufactured Home Community Sold, being Upgraded

The Mission Trailer Park in downtown San Luis Obispo, CA which opened in the 1940s, has been sold and vacated, and after undergoing extensive infrastructure work will reopen with new manufactured homes as Mountain View Terrace. The county assessor’s office indicates the new owner is Higuera Commons LLC, a private …

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Encore Wire Shares Lighting Up

Shares of Encore Wire Corp. (NASDAQ:WIRE), suppliers of a variety of interior electrical wire to the manufactured home industry have been on a bit of a tear: the stock has risen +11.42 percent in the last week, and +16.09 percent for the past four weeks, according to reports MHProNews has …

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Kansas Chooses MH Veteran, VanAsselt, for Board

Following a story MHProNews posted Oct. 6, 2015 regarding Greg Yutzy’s election as treasurer of the Kansas Manufactured Housing Association (KMHA), hutchnews reports Dave VanAsselt has been elected to the KMHA Board of Directors for 2015-2016. VanAsselt has been active in the manufactured housing industry over 30 years, and currently …

Kansas Chooses MH Veteran, VanAsselt, for Board Read More

More Patrick Changes Hands

Following a continuing saga of Jeffrey L. Gendell unloading shares of Patrick Industries, Inc., as MHProNews reported Oct. 8, when he sold 19,200 shares earlier in the week, he has sold more, according to a filing with the Securities and Exchange Commission (SEC), as reported by dakotafinancialnews. Any transaction involving …

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Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015

What’s New in public focused Manufactured HomeLivingNews.com Kim Capen Medville ROC – MH Appreciation and the Senior Community Lifestyle What’s New in Manufactured Housing Industry Professional News MH Production continues rising. Maryland county shuns sprinklers. Doug Ryan remains oppositional. Clayton adds site-built homes. MHI elects new officers. ELS and Killem …

Sunday Morning Recap-Manufactured Housing Industry News Oct. 4-Oct. 11, 2015 Read More

Clayton Acquires Georgia-based Site-built Homebuilder

From knoxnews MHProNews has learned Clayton Homes, of Maryville, TN has acquired Georgia-based Chafin Communities, a residential community developer and home builder for an undisclosed price, adding Clayton to the site-built industry. Keith Holdbrooks, president of the Clayton home building group, said, “It means that we are expanding our home …

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Stock of Equity LifeStyle Properties gets Strong Buy Rating

Calling Equity LifeStyle Properties (NYSE:ELS) “Today’s Strong And Under The Radar Stock,” thestreet offers ten reasons why the stock is so strong, beginning with: “ELS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $25.8 million. ELS has traded 18.925399999999999778310666442848742008209228515625 options contracts today. …

Stock of Equity LifeStyle Properties gets Strong Buy Rating Read More

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