News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Ingenia Communities in Australia has acquired Lakeside Lara, a manufactured home community (MHC) 38 miles from downtown Melbourne for $16.3 million AUD, just under $11.8 million U. S. dollars, as Ingenia moves away from tourism rentals and into owner-occupied MHCs, according to what smh.au tells MHProNews. The 8.3 hectares (20.5 […]
Australia’s Ingenia Acquires Land Lease Community Read More
For the third quarter, 2015, MHProNews has learned from moneyflowindex that manufactured community owner Equity LifeStyle Properties (NYSE:ELS) reported earnings per share (EPS) of $0.77, beating analysts’ consensus estimate by $.01. For the same quarter in 2014 EPS was $0.69. Compared to the same quarter last year, revenue was up
Equity LifeStyle Properties Hits New High Read More
On May 14, 2015 MHProNews reported Tim Williams, Executive Director of the Ohio Manufactured Homes Association (OMHA), testified against objectionable EPA language in the Ohio state senate’s budget legislation that would require a manufactured home community owner to escrow 15 percent of the cost to update a water system if
Ohio MHA Succeeds in Removing Objectionable Legislative Language Read More
In the news from CNNMoney: 134 Americans each earned more than $50 million last year. Trump cancels appearance on Jimmy Kimmel live. Harley-Davidson to cut workforce. Warren Buffett’s hot stock picks did not do well this year. Chipotle has worst sales growth in two years. Fiat Chrysler workers vote on
Manufactured Housing Composite Value Gains Sharply Read More
According to financialtimes, the National Association of Home Builders (NAHB) reports homebuilder confidence rose to its highest level since October 2005, climbing three points to 64, two points above expectations. Any number above 50 indicates builder sentiment is positive. “The fact that builder confidence has held in the 60s since
Homebuilder Confidence Hits Ten-year High Read More
A manufactured home (MH) produced by Commodore Corporation was in transit from Goshen, Indiana to Rice Lake, Wisconsin when a dump truck ran a red light and damaged one of the sections of the house. The dump truck driver said his brakes were not operating correctly as he went through
Manufactured Home Damaged in Crash Read More
MHProNews has learned from azbigmedia that Westview Mobile Home and RV Park in Glendale, Arizona has been sold for $1 million by 6331 W Glendale LLC to Westview Park LLC, arranged by John Sheedy with Park Brokerage Inc. The 33 home site all-age manufactured home (MH) and recreational vehicle community
Land Lease Community Sells for $1 Million in Arizona Read More
A group opposing modular homes in Cape Coral, Florida, intends to state its opposition at the city council meeting, according to what fort-myers-beach-observer tells MHProNews, alleging that the lower cost and energy efficient homes will reduce the value of neighboring homes. Council member Richard Leon wants the state to allow
Modular Homes Challenged in Cape Coral, Florida Read More
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
UMH Closes on Second Half of Acquisition Read More
In the news from CNNMoney: China produces half of the world’s steel. While China’s growth slows to 6.9 percent, its surplus of steel is flooding the world’s markets at reduced prices, putting thousands of steel workers in other countries out of work. While a strong dollar has made overseas travel
Skyline Gains Sharply; Strong Dollar Increases Overseas Travel Read More
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
Patrick to Release Q3 Financials Read More
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
Land Lease Community has Steel Tornado Shelter Read More
Updating a story MHProNews posted Aug. 19, 2015, regarding modular containers for homeless people in Honolulu, the initial two containers, both Americans with Disabilities Act (ADA) compliant, were sited at Hale Mauliola, according to khon2. The first of 25 planned for Sand Island, they are made from new shipping containers,
First Modular Homes Arrive for Homeless in Hawaii Read More
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
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
Zacks issues Buy Rating on Equity LifeStyle Properties Read More
In the news from CNNMoney: Following the fall of the Dow by 11,000 points Aug. 24, money is pouring back into Wall St. Of 1,000 survey respondents with over $10,000 in stocks, nearly half say the economy is just fair. Delta predicts lower fares. Cubs, Mets tickets on the rise.
Skyline Gains over Five Percent; Nearly all MH-related Stocks Rise Read More
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
Skyline Corp. reports Limited Q3 Results Read More
Addressing the notion that many people think “mobile home” when modular home is mentioned, modularmusings tells MHProNews that Bill Gassett, in an article entitled Maximum Exposure Real Estate Blog on the Pros and Cons of Modular Homes, says that customization is not available in modular home building. Noting the need
Modular Homebuilding can be Quite Varied Read More
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
In the news from CNNMoney: Consumer prices fall -0.2 percent. China has more billionaires than U. S. Are minimum wage hikes responsible for falling profits? U. S. deficit now lowest since 2007. Debt ceiling deadline 18 days away. Apple opening its first stores in the Middle East. ISIS is attacking
