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
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.
Drew Industries: Shopping for Acquisitions? Read More
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.
Sixteen Manufactured Homes Land in Colorado Read More
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
Manufactured Homes Production Up in Sept. Read More
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
Manufactured Homes Banned from Interstate Read More
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,
FEMA Extends Stay for Flood Displaced Victims Read More
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
Cavco Revenue Increases in Q2 Fiscal 2014 Read More
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
Sam Zell: Multifamily Yea, Single-family Nay Read More
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
Sun Communities Releases Q3 Report Read More
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
Cavco to Release Financials for Q2 2014 Read More
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
Manufactured Homes to House Flood Victims Read More
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
Maine Site Plan Includes Modular Homes Read More
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
“Buy” Rating Initiated on UFPI Stock Read More
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
Pilot Project will Provide New Manufactured Homes Read More
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
