Zacks reports that UMH Properties and Equity Lifestyle Properties are among the five REITs with relatively low P/E ratios. UMH Properties (AMEX:UMH) has the lowest with a P/E of 17.4x. Equity Lifestyle Properties (NYSE:ELS) is second lowest with a P/E of 37.0x; American Campus Communities (NYSE:ACC) comes in third lowest …
Market Watch: UMH and Equity Lifestyle reported among REITs with low P/E ratios Read More
Zacks reported today on five home building companies with the lowest Price to Earnings (P/E) ratios. Standard Pacific (NYSE:SPF) has the lowest with a P/E of 16.1x. Lennar (NYSE:LEN) is second with a P/E of 20.8x. NVR Inc (NYSE:NVR) followed with a P/E of 22.0x. Cavco Industries (NASDAQ:CVCO) came in …
Zacks reports Cavco among 5 homebuilders with lowest P/E ratio Read More
Manufactured home shipments for June 2011 were 5,024 new homes, down 7.5 percent from June 2010. Trends by housing type were mixed with multi-section homes shipments down compared with the same month last year, while the single section homes shipments showed an increase. In comparison with the first half of …
In response to a request by the Manufactured Housing Consensus Committee (MHCC), the NFPA issued an update to its 2005 report on manufactured home fires. The updated report says that post standards homes had a 54 percent lower rate of civilian death and 22 percent lower rate of injuries than …
National Fire Protection Association (NFPA) Issues Report on Manufactured Home Fires Read More
Benzinga reports that in these difficult times, manufactured housing is among the top-performing-industries in August. As of 10:15 AM EDT, the Manufactured Housing Composite Index was up by 2.24%. This rise was lead by Cavco Industries, up by 7.1%. Cavco will be reporting its FQ1 earnings after the closing bell …
Manufactured housing among top performing in markets for August Read More
MinotDailyNews reports that K.C. and Cayttie Heister of Kopper Creek Building opened a facility near the North Central Research Extension Center. Kopper Creek is a factory systems builder, with locations in Montrose, CO and Nebraska. “We build anything from residential housing up to hotels, motels, restaurants,” Cayttie said. “Any type …
Expanding Systems Builder had Tom Cruise as client? Yup. Read More
The Dickinson Press reports that Centennial Homes, a large regional manufactured home retailer, has opened a new location in Dickinson, ND. “We have every price point you can think of to cover everybody’s wants and needs,” said Randy Rempher, regional manager. The Aberdeen SD based company has some 20 display …
Centennial Homes opens in Dickinson to serve area boom Read More
PRNewswire states that global tax services provider Ryan reports Wisconsin’s Governor Scott Walker signed the Assembly 40 budget bill that will change certain tax laws. Included is a provision that specifically exempts manufactured and modular housing from sales tax when it is sold in Wisconsin but used beyond state borders. …
New State Law Exempts HUD and Mod Homes from Sales Tax Read More
The New Haven Independent in Connecticut asserts that Garden Homes Management Corporation has plans to develop two manufactured home communities in Oxford. The filing with the Planning and Zoning Commission for the first proposal, called Oxford Commons, would have 99 multi-section manufactured homes on 32 acres. The second project, Donovan …
Federal Criminal Defense Lawyers reports that Philip R. Lochmiller, Sr., has been convicted by a jury in Denver, Colorado’s Federal Court on charges of defrauding 400 people out of $30 million. Convicted of conspiracy, money laundering conspiracy, money laundering and mail fraud, Lochmiller engineered a Ponzi scheme using manufactured housing …
Jury Finds Philip Lochmiller, Sr., Guilty as Charged Read More
From California, SignOnSanDiego.com reports that residents of the 76-acre De Anza Cove Mobile-Home Park (a mixed community including manufactured homes) have reached a $3.6 million settlement with the city of San Diego for the poor treatment they received from a property management company hired by the city. The property-management company …
Community Residents Receive Settlement After Harsh Actions by Management Read More
Remember the photo of the farm animals that would be allowed under proposed zoning in Rankin County, Mississippi while manufactured homes would be permitted only with a variance? (http://www.mhmsm.com/blogs/daily-business-news/mississippi-association-goes-to-bat-over-zoning-changes.php) The manufactured housing industry has prevailed, and that will not be the case. As reported by the Rankin Ledger, county supervisors …
Manufactured Homes Triumph in Mississippi Zoning Issue Read More
From Minnesota, Montevideo American-News reports that the city council recently approved resolutions calling on the owners of multiple homes in the Northdale Community manufactured housing community to make repairs and improvements to the homes. According to the report, the resolutions followed examination by council members of inspection reports by the …
City Orders Cleanup Work at Manufactured Home Community Read More
Deer Valley Corporation announced this week that Shad L. Stastney has been elected to the firm’s Board of Directors, effective November 22, 2011. Stastney will fill one of two vacancies on the Board and will bring the Board to six. He graduated from the University of North Dakota in 1990 …
Deer Valley Corporation Announces Election of New Director Read More
Hometownlife.com reports that officials in Highland, Michigan are relaxing requirements for a manufactured home community that had prohibited the owners from bringing in used homes to sell to residents. A plea by the owners of the Ridgewood Manufactured Home Community lead to a vote to alter a 1997 consent judgment …
Michigan Community Begins Permitting Pre-Owned Homes Read More
From Minnesota the West Central Tribune reports that orders to repair and improve manufactured homes — or demolish those not meeting safety and building codes — will be presented to the owners of multiple homes in the Northdale Community in Montevideo. City Council members there approved resolutions directing the improvements after …
Minnesota Community Orders MH Repair and Improvements Read More
From Delaware the Cape Gazette reports two proposed Sussex County ordinance amendments relating to manufactured housing wouldn’t completely solve problems in older communities. Councilman George Cole, R-Ocean View, told officials there he wanted a list of further recommendations before making a motion to schedule more committee meetings and wants the …
Delaware County Seeks Relief for Residents of Older Communities Read More
Joe Kelly at the Iowa Manufactured Housing Association sent along a report from the Des Moines Register that indicated a third of manufactured homes have unpaid taxes in Polk County. According to the report from County Treasurer Mary Maloney, one-third of the 4,087 manufactured homes in that county have unpaid …
Iowa Manufactured Homes Taxes Go Unpaid, Titles in Doubt Read More
Attached (Download Here), for your information and review, is a copy of a self-explanatory letter sent today to HUD Assistant Secretary David H. Stevens regarding a mass auction of FEMA-owned manufactured homes that were originally purchased as temporary emergency housing for hurricane-damaged areas of the Gulf Coast.
For Questions on Statistics & Data: Thayer Long, tlong@mfghome.org Arlington, VA, October 19, 2009 — The Manufactured Housing Institute’s actual shipments report indicates that 4,472 new HUD-Code homes were shipped in August 2009, down 39.3 percent from August 2008. Shipments of single-section homes were down 37.5 percent, year over year, …
4,472 Manufactured Homes Shipped in August 2009, Down 39.3 Percent from August 2008 Read More
