Elkhart, Indiana-based Drew Industries, Inc. has announced a special cash dividend of $2.00 per share of common stock to stockholders on record as of Dec. 20, 2013, payable on Jan. 6, 2014. “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert, …
A new rule proposed by the Minnesota Dept. of Labor and Industry would require a sprinkler system in all new homes over 4,500 square feet, including manufactured and modular homes, according to redwoodfallsgazette.com. During a tour of Schult Homes with state legislators, Mark Brunner, president of the Minnesota Modular and …
Sprinklers may be Required in Manufactured and Modular Homes Read More
MHProNews has learned from dailyyonder.com, while an estimated 470,000 rural veterans live in manufactured homes (MH), they are less likely to live in MH than the rural population as a whole. However, twice as many rural veterans live in MH than veterans as a whole nationally. While rural areas have …
Oak Creek Homes is collecting nonperishable food at their model home centers in Texas, Oklahoma and Louisiana to distribute to those in need before Thanksgiving. Called Pack Our Pantry, as an enticement to manufactured and modular home buyers, Oak Creek is offering a $500 discount on a new home up …
Joe Kelly, executive vice president of the Iowa Manufactured Housing Association (IMHA), noting the importance to the manufactured housing industry of HR 1779, exhorts members to contact their representative in Congress to support the bill. He tells MHProNews Iowa only has four representatives in the House, and of those, Representatives …
Following up on a story MHProNews posted Nov. 4, 2013 regarding the increase in production of manufactured homes in Sept. 2013, the seasonally adjusted annual rate was 59,771, an increase of 0.7 percent from the adjusted rate in August of 59,352. The Manufactured Housing Institute (MHI) says 122 plants reported …
Manufactured Home Production Facilities Remain Stable Read More
Stock analyst seekingalpha.com says the two sources of revenue for component supplier Drew Industries are manufactured homes (MH) and recreational vehicles (RV), and suggests the company move away from the MH industry because it does not offer future growth. Noting half of the RV revenue derives from sales of chassis …
Drew should Diversify away from Manufactured Homes Components Read More
A project to bring more affordable housing to Spencer, Iowa is in the works at the Sioux River Estates manufactured housing community, according to spencerdailyreporter.com. Dave Jacobsen of Jacobsen Homes Corp. says the plan is to replace the aging factory-built homes with either manufactured or modular homes in the spring. …
Manufactured Homes May Replace Aging Factory-builts Read More
The Juneau, Alaska Affordable Housing Commission is set to petition the Juneau City Assembly for low interest loans for down payments on manufactured homes, according to juneauempire.com. The program would allow for multiple loans up to a maximum of $100,000 loaned at any one time. MHProNews has learned if the …
While many buyers of manufactured homes (MH) are more concerned with affordability and, say, the kitchen cabinetry than energy efficiency, the MH industry is offering more energy efficient features that can save the homeowner anywhere from $30 to $70 month. Ronnie Richards, vice president of marketing for American Homestar Corporation, …
Energy Report on “Not Your Grandfather’s Trailer House” Read More
MHProNews has learned during a public hearing of the Jourdanton City Council just south of San Antonio, Texas, four requests were made regarding placement of manufactured homes (MH). One was a special use permit to site a manufactured home in a neighborhood zoned for single-family residences. The second and third …
Texas City Council Approves Permits for Manufactured Homes Read More
According to YAHOO!Finance, insurance rating firm A. M. Best Co. Inc. has affirmed the financial strength rating of Cavco Industries, Inc.’s (CVCO) subsidiary Standard Casualty Company with an A- (excellent) and issuer credit rating of “a,-” noting that both ratings are stable. Best notes the company’s adequate risk-adjusted capitalization, generally …
The Motley Fool seems to have added a zero to one of their reports, a very bullish one on manufactured housing. Here are the key excerpts from the report by Arturo Cuevas. “The bulls are pawing the ground at manufactured housing’s corral. Recent gains in shipments of manufactured homes indicate …
Motley Fool says Manufactured Housing Primed for Bull Run Read More
Hackles are up among residents in Zeus Park in Martin County, Florida regarding an off-site built home that has been placed in one of the county’s oldest residential neighborhood. Assistant Martin County attorney Krista Storey said the information posted inside the structure indicates it meets standards to a modular home, …
As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to amm.com. Chief Financial Officer (CFO) Joseph S. …
Updating a story MHProNews last published Oct. 3 regarding Federal Emergency Management Agency (FEMA) efforts to find housing for Colorado’s September flood victims, 9news.com reports from Henderson, CO the first 16 of 50 or more manufactured homes have arrived at a parking lot behind a flea market north of Denver. …
Statistics compiled by the Department of Housing and Urban Development (HUD) reveal the production of manufactured homes rose almost 25 percent in Sept. over Sept 2012—5,483 homes versus 4,393 HUD Code homes in 2012. The Manufactured Housing Association for Regulatory Reform (MHARR) further informs MHProNews total production for 2013 is …
Following a story MHProNews published Oct. 24, 2013 regarding a pilot project to replace ten aging factory-built homes with new energy efficient manufactured homes in Vermont, realestaterama reports the occupants will see an immediate 70 percent reduction in their energy costs. The new dwellings feature triple pane windows, heat recovery …
Project Replaces Aging Dwellings with New Manufactured Homes Read More
The yakimaherald.com in Washington reports the state department of transportation has temporarily banned manufactured homes from traveling Interstate 82 from Prosser, WA to mile marker 131 near the Oregon border. Wind gusts of up to 50 miles per hour were expected over the weekend, and the restriction is in effect …
Updating an MHProNews post from Oct. 24 regarding the Federal Emergency Management Agency’s (FEMA) support for those displaced by the recent flooding in Colorado, CBS4.com reports from Evans, CO the government agency has extended temporary housing assistance for two weeks. The extension will allow some families to remain in hotels, …
