Real estate investment trust (REIT) and manufactured home community (MHC) owner Sun Communities, Inc. released its quarterly financials, reporting $0.85 earnings per share (EPS), beating analysts’ consensus by $0.03, as thecerbatgem informs MHProNews. Although revenue was $140 million, well below the consensus estimate of $165.78 million, revenue was up 15 …
Sun Communities Beats Analysts EPS Estimate by $0.03 Read More
The stock of manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) has been on an upward tear recently, generating strong attention from investors and analysts as it marks a return on investment (ROI) of 8.40 percent, reaching $82.88 on a recent bid. (ROI is determined by dividing the return …
Equity LifeStyle Properties, Inc. Yields ROI of 8.40 percent Read More
Component supplier to the manufactured home and recreational vehicle industries, Patrick Industries, Inc. has finalized the acquisition of BH Electronics, Inc. (BHE) of Munford, Tennessee, according to what prnewswire tells MHProNews. From five facilities in the southeast, BHE designs and produces custom thermoformed dash board and console assemblies, as well …
Patrick Completes Acquisition of BHE, another Thermoformed Producer Read More
What’s New in public focused Manufactured HomeLivingNews.com NIMBYism? Debunking Myths About Manufactured Home Communities (aka ‘Mobile Home Parks’) What’s New in Manufactured Housing Industry Professional News FEMA moving manufactured homes into four W. VA. Counties. CFPB proposes clarification of Know Before You Owe. Patrick’s revenues rise 35%. Sun’s stock projected …
Sunday Morning Recap-Manufactured Housing Industry News July 24-July 31, 2016 Read More
Patrick Industries, Inc., a component supplier to the manufactured housing (MH) and recreational vehicle (RV) industries, reported a 35 percent increase in net sales for Q2 2016 over the same period of 2015, $233.5 million to $315.2 million. While the increase was mostly attributable to a 33% rise in the …
As the stock of Sun Communities, Inc. (NYSE:SUI) reached a new 52-week high on Wed., July 28 of $77.90, it has a forecasted target of $130.09, a 67 percent increase over today’s closing, a value that would increase the worth by $3.56 billion, giving it a total value of $8.88 …
Sun Communities Stock hits New High, but Projected Higher Read More
The glitz and glamor that attach to an ownership interest in businesses such as hotels, a race track or a small chain of upscale restaurants suddenly tarnishes for some when the investment being considered is manufactured home communities (MHCs). While many think of them as “mobile home parks,” or in …
While Negative Perceptions of MH Persist, the Industry Grows says Seeking Alpha Read More
MHProNews has learned hedge fund Geode Capital Management LLC upped its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 7.2 percent in Q1 2016, as reported to the Securities and Exchange Commission, according to cerbatgem. After buying an additional 31,936 shares during the first period, Geode now owns 473,079 …
What’s New in public focused Manufactured HomeLivingNews.com The Aha! Moment – Entertainer’s Delight LifeStyle Model Home Video Tour Proud to be American, God Bless the USA, Lee Greenwood Music Video, Interview What’s New in Manufactured Housing Industry Professional News Trump’s acceptance speech unexpectedly draws favorable response on CNN. New Jersey …
Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016 Read More
Drew Industries, Inc. of Elkhart, Indiana (NYSE:DW) will release its second quarter, 2016 financials before the market opens on Thurs., Aug. 4, 2016, according to prnewswire. A supplier of components to the manufactured home and recreational vehicle industries, Drew will hold a conference call later that same day at 11 …
MH Component Supplier Drew to Discuss Q2 Financials Read More
Following a story MHProNews last posted July 19, 2016 regarding the updating of manufactured home regulations in Laramie, Wyoming, after years of delays, hesitations and changes, MHProNews has learned the Laramie City Council passed a final reading of a set of ordinances dealing with manufactured homes (MH) and recreational vehicles …
Wyoming City Finally Settles on MH and RV Ordinances Read More
A division of Patrick Industries, Inc.,a component supplier to the manufactured home and recreational vehicle industries, is investing $600,000 and creating 60 jobs, building a facility to produce countertops in Baldwyn, Mississippi, according to bizjournals. With a scheduled beginning of operations in Sept., 2016, AIA Countertops is a large, natural …
Patrick Industries Subsidiary Creating 60 Jobs in Mississippi Read More
Equity LifeStyle Properties (NYSE:ELS) reports for the second quarter ending June 30, 2016 total revenues rose $8.6 million, or 4.3 percent, to $210.1 million, as compared to $201.5 million for the same period in 2015. Net income available for common share stockholders increased $3.7 million, or $0.04 per diluted common …
ELS Q2 2016 Indicates Revenue, Income and Community Growth Read More
As kowb1290 in Laramie, Wyoming tells MHProNews, licensing of manufactured home communities (MHC) began in the 1950s, before zoning even existed, and has remained mostly unchanged as part of the zoning code since. The city council will consider the third and final reading of updated standards for MHCs on Tuesday, …
Laramie, WY Updating 50-year old Manufactured Home Regulations Read More
What’s New in public focused Manufactured HomeLivingNews.com Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Section 8 vouchers good for buying manufactured home. CBO: U. S. …
Sunday Morning Recap-Manufactured Housing Industry News July 10-July 17, 2016 Read More
MHProNews has learned from consumereagle that Gendell Jeffrey L has decreased its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 6.22 percent, based on its latest Q1 2016 regulatory filing, selling 86,165 shares. Gendell has been peeling off Patrick stock in periodic layers since Nov. 2014, no doubt earning a pretty …
Patrick Stock has Risen +58.35 Percent in Seven Months Read More
Two Elkhart, Indiana-based companies involved in the production of recreational vehicles (RV) have been named to the list of the nation’s best 50 manufacturers. IndustryWeek, a national trade publication, annually ranks manufacturers on factors that include total revenue, growth and inventory turnover. RV manufacturer Thor Industries was named fifth in …
Drew Industries Included in Top 50 U. S. Manufacturers Read More
Having achieved statehood in 1816, in celebration of Indiana’s Bicentennial, greenfieldreporter has assembled a group of notable sites around the state worth a visit, such as female author Gene Stratton Porter’s house just outside Rome City that she helped build; and in Shelbyville, one of the last drive-in movie theatres …
RV and Mfg. Home Hall of Fame Museum on Indiana Must Visit List Read More
What’s New in public focused Manufactured HomeLivingNews.com Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality Double-Digit Manufactured Home Sales Growth, MHARR July 7 Report What’s New in Manufactured Housing Industry Professional News House defeats two amendments that would cripple proposed MH financing. Ohio county pursuing …
Sunday Morning Recap-Manufactured Housing Industry News July 3-July 10, 2016 Read More
Skyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager, …
Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr. Read More
