Cavco Industries, Inc. reports net revenue for the second quarter fiscal 2014 totaled $129.8 million, an increase of 17.9 percent over the $110.1 million for the comparable quarter of fiscal 2013. Net income for Q2 fiscal 2014 was $4.7 million, $2.0 million more than in the same quarter a year …
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality …
Although in line with analyst’s consensus estimates of earning $0.82 per share for Q3, 2013, Sun Communities, Inc. (SUI) had revenues of $107. 20 for the same quarter 2012, far above the $80.38 million that had been estimated. By comparison, according to Zolmax.com, earnings per share hit $0.71 for the …
Unlike many school districts in the U. S. that are strapped for funding, schools in North Dakota have been receiving oil impact grants, and show ending-fund balances for 2012-2013 of $278.7 million statewide, according to bismarcktribune.com. Rep. Mike Nathe, R-Bismarck, says the oil impact money could be put to better …
Modular Homes Accommodate new Teachers in Housing-strapped N. Dakota Read More
While mortgage lending in rural areas expanded last year as did as did overall lending, rural applicants are more likely to be denied and to pay higher interest rates than urban borrowers. While 21 percent of rural applicants were denied a loan last year–some 500,000– the overall rate for the …
Rural Mortgage Borrowers Hit Harder than Urban Brethren Read More
According to marketwatch.com, Cavco Industries, Inc. (CVCO) will release its financials for the second quarter of fiscal 2014 on Thurs., October 31 after the close of the market. Senior management will discuss the results in a webcast the following day, Fri., Nov. 1 at 12:00 noon EST. Interested parties may …
In the wake of last month’s devastating floods in Colorado, the Federal Emergency Management Agency (FEMA) will offer temporary manufactured homes to those who have been unable to find housing. As the republic.com informs MHProNews, with more than 400 families still living in hotels, the 50 Housing and Urban Development …
Doug Koos owns a manufactured housing community in Castine, Maine that he intends to turn into a modular housing community. Currently he has 19 manufactured homes on the property plus six abandoned homes that are currently being demolished in the community licensed for 29 units. State law allows for modular …
Universal Forest Products, Inc. (NASDAQ:UFPI) has been upgraded from neutral to outperform, according to a Zacks analyst as published by Zolmax.com. Zacks says, “Universal Forest’s earnings more than doubled year over year to $0.71 per share in the third quarter 2013. Revenues grew 22% on the back of healthy performances …
NECN reports the Vermont Manufactured Housing Innovation Project will begin replacing ten aging factory-built homes with new energy efficient manufactured homes in a pilot project funded by non-profits, tax rebates, and fixed bank rates. As MHProNews has learned, 15 percent of the homes damaged or destroyed in Vermont during Tropical …
The Manufactured Housing Institute (MHI) and builderonline.com report that Clayton Homes of Maryville, Tennessee is the nation’s largest homebuilder. With over 1.5 million homes built since 1934, and numerous awards for design and construction, Clayton builds manufactured and modular homes, as well as commercial and educational buildings, through 35 facilities …
Clayton Homes Billed as Nation’s Largest Homebuilder Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) reports to MHProNews that the Virginia Titling Tax increased on automobiles but remained at three percent on sales of manufactured homes. In Virginia, as in many states, manufactured homes continue to be classified under motor vehicle laws in a throw back to …
The residents of King George Mobile and RV Park in Surrey, British Columbia, Canada are weary of the community deterioration and lawlessness that the owner allegedly ignores, and have begun a petition to have the Manufactured Home Park Tenancy Act altered so a percentage of rent monies go towards upkeep …
Single-family home real estate investment trusts (REITs) are a new player in the real estate market, with the outcome yet to be realized. One of them, Silver Bay Realty Trust says there are 41 million rental units in the U. S., equal to 30 percent of the housing market. Roughly …
Yield on Investment in Single-family Homes Unknown Read More
A couple in Preston, Minnesota who live across the street from the Brownsville Mobile Home Park have asked that green belt screening be erected in front of the community to shield their view. A 1971 ordinance requires manufactured home communities to have a green belt around the periphery if it …
Neighbors want Manufactured Housing Community Shielded from View Read More
Owner/operator of manufactured housing communities in Canada, Parkbridge Lifestyle Communities, Inc. is using air miles to lure customers to its newest retirement community in Spruce Grove, Alberta, Canada. Heritage Creek homebuyers can earn 10,000 reward miles on any new home purchase of $220,000 or more as long as the deal …
MHProNews has learned from fortmillstimes.com a Berkshire Hathaway subsidiary has acquired Kova Solutions, LLC, a provider of business management software targeted to integrating and controlling residential construction and manufactured housing from beginning to end, from sales to scheduling to warranty. Chesterfield, Missouri-based MiTek, a Berkshire Hathaway company since 2001, with …
Acquisition Feeds into Manufactured Housing Production Read More
City officials in Waseca, Minnesota in the south central part of the state have proposed a new way to pay for maintenance and repairs of city sewers and retention ponds—by adding a separate monthly fee to utility bills. The measure would more evenly distribute the burden among all property owners, …
Manufactured Homeowners to Pay less than Site-Built Read More
As follow-up to a story we posted yesterday, Oct. 8, that the government shutdown may affect the shipment of manufactured homes because the IBTS has been issued a stop work decree, Lois Starkey of the Manufactured Housing Institute (MHI) wants to be notified when manufacturers are running short on certification …
Bellingham, Washington voters approved a tax levy in 2012 to provide affordable housing for indigent people. Of the three million a year the Bellinghma Home Fund will take in over the next seven years, in additon to providing rental assistance and preservation of existing buildings, $250,000 will be spent to …
