Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from […]
Leadership Change at Killam of Canada Read More
MHProNews has learned the Municipal Planning Commission (MPC) for the District of Willow Creek north of Fort Macleod, Alberta, Canada has approved the application for a couple to move their 2,280 square foot modular home. North of Nanton, it is the second residence on the same parcel of land. Also
Manufactured Homes Moving in Canada Read More
After the former owners of the Anchor Bay Manufactured Housing Community (MHC) just north of Detroit, Michigan lost the 1,300-site community to the bank, J.D. Equity investors purchased it and have been generous in their support of the community. Most recently, according to voicenews.com, one of the investors (who wants
New Land Lease Community Owners very Generous Read More
The flooding that ravaged Colorado in Sept. destroyed 154 manufactured homes (MH) and damaged 901 additional MH, displacing thousands of residents in the 11 manufactured housing communities (MHC) in the flood zone, according to Kerri Nelson, the state’s deputy chief recovery officer. Some communities may spring back to life with
Flooded Manufactured Home Victims Deal with Destruction Read More
Although the Brownwood, Texas Planning and Zoning Commission had denied a request to rezone property from MH Manufactured Home District to M1 Restricted Industrial District, the Brownwood City Council approved the request on first reading. Donald Allgood, Jr. said he uses the property to store heavy earth-moving equipment and other
Planning Commission, City Council at Odds over Zoning Read More
Champion Home Builders opened a second manufacturing facility at its 30-acre Lake City, Florida location this week (Nov. 18, 2013), adding 45 new jobs, according to digital-journal.com. The 70,000 square foot facility re-establishes the Redman Homes manufactured housing brand that has a respected name in the Southeast, but closed in
Manufactured Home Builder Opens Second Production Facility Read More
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,
Drew Declares Good Draw for Stockholders Read More
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
Nearly 500,000 Vets Live in Manufactured Homes Read More
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
Oak Creek Helps Feed the Hungry Read More
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
HR 1779 in need of Extensive Support Read More
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
Low Interest Manufactured Home Loans in Alaska Read More
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
Cavco’s Subsidiary Gets Good Marks Read More
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,
State Law Outlaws Banning Manufactured Homes Read More
