According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market …
MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in …
A request for special permission to site a recreational vehicle (RV) on private property in San Angelo, Texas for one year was approved by the town’s city council. Jesus Tellez says he wants to live in the RV while he builds a house on the same property, according to sanangelolive.com. …
According to tickerreport.com, manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) has announced it will pay shareholders of record on Friday, March 28, 2014 a dividend of $0.325 per share on Friday, April 11, 2014, representing an annualized dividend of $1.30 and a dividend yield of 3.17 percent. The …
Manufactured housing and recreational vehicle component supplier Lippert Components, Inc. of Goshen, Indiana is bringing 180 jobs this year to a building it has signed on to lease for 12 years in South Bend, IN, and expects to add a total of 380 workers in the coming ten years. While …
In order to better zone and regulate the temporary housing facilities that many oilfield workers live in, the Williams County (North Dakota) commissioners voted to update the definition of crew housing, and will charge companies $400 per person for each one living in modular workforce housing zoned for non-residential use. …
County Commissioners Dealing with Modular Workforce Housing Read More
In addition to the multiple modular workforce housing and mancamps, manufactured homes and recreational vehicles that have sprung up to meet the demands for housing in Watford City, North Dakota in response to the Bakken oil boom, the MacKenzie County Healthcare system is adding a modular unit to the hospital’s …
Harking back to MHProNews.com Feb. 11, 2014, Patrick Industries, Inc. (PATK) released its financial for Q4 2013 and 2013. Fourth quarter 2013 net income was $5.0 million or $0.47 per diluted share. This compares to net income of $3.2 million or $0.30 per diluted share in the comparable period 2012. …
Real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) will release its earnings report Thurs., Feb. 20. With a 52-week high of $57.78 and a low of $39.53, the stock has a 50-day moving average of $44.99, a market cap of $1,729 billion and price-to-earnings ratio of 171.93. The stock’s …
Drew Industries, Inc. reported net sales for the year ending 2013 increased $114 million over last year to a record $1.02 billion, resulting in income of $50.1 million, $2.11 per diluted share, a rise from net income for 2012 of $37.3 million, or $1.64 per diluted share. Had it not …
According to motleyfool.com, Wells Fargo upgraded real estate investment trust (REIT) Sun Communities, Inc. to Outperform, as it cited positive home sales trends. In addition, Sun’s guidance for 2014 includes an $0.08 increase in distribution per common share; a midrange estimate of funds from operations (FFO) per share increase of …
In an interview with Bloomberg News‘ Betty Liu, investor Sam Zell says the residential market in 2014 will be benign. “The demand for single-family houses is, in my judgment, muted.” Asked what happened to all the demand for the generation Xers who are supposed to be moving out of their …
Manufactured housing, modular housing and recreational vehicle component manufacturer Drew Industries, Inc. (NYSE:DW) will release its Q4 and 2013 financial results before the market opens Thursday, Feb. 13, and discuss the results in a conference call later that same morning at 11 AM EST. The question-and-answer session will be limited …
President and Treasurer of the Recreational Vehicle (RV)/Manufactured Housing (MH) Hall of Fame Darryl Searer has agreed to continue leading the Hall for an additional two years, according to chairman of the board Barry Cole. Searer will also become chairman when Cole’s term expires in 2014 because Jay Hesse, who …
The board of directors of real estate investment trust (REIT) Sun Communities, Inc. has announced an increase of $0.08 per common share for its 2014 target distribution rate to $2.60. While the board has adopted this new rate, it will still be subject to approval by the board each quarter …
MHProNews has learned from private sources that North American Extrusion and Assembly (NAEA) has inked an exclusive agreement with Wolfpack Chassis to provide the manufactured housing (MH) and recreational vehicle (RV) industries with premium windows. The Noble line of windows were introduced at the Louisville Manufactured Housing Show this past …
Wolfpack and North American Extrusion Sign Exclusive Deal Read More
Lippert Components, Inc. of Elkhart County, Indiana received final approval from the Goshen (IN) Plan Commission to rezone 56 acres from Agricultural A-1 to Industrial M-1 for future use by the company. The city originally annexed the area April 1, 2012, according to RVBusiness.com, with the intent to rezone it …
Following up on a story MHProNews posted Jan. 31, 2013, regarding $125,000 in seed money received by Wolfpack Chassis from Elevate Ventures’ Indiana Angel Network Fund (IANF), the Kendallville, IN-based company announces the completion of a $625,000 round of financing. Wolfpack manufactures chassis and chassis components for the manufactured housing …
Manufactured Housing Chassis Firm Firms-up Financing Read More
Real estate investment trust (REIT) Sun Communities, Inc. (SUI) will release its fourth quarter, 2013 financials on Thursday, Feb. 14 before the market opens. Officials will discuss the results in a conference call later that same day at 11:00 AM eastern time, according to marketwatch.com. The conference call will be …
A subsidiary of manufactured housing and recreational vehicle community owner Sun Communities, Inc. borrowed $141.5 million from Bank of America, split in to two loans. The $72.4 million Pool A Loan accrues interest at 4.89 percent annually, while the interest rate on the $69.1 million Pool B Loan is 4.90 …
