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Posts Tagged ‘Canada’

Louisiana-Pacific Corp. Reports Q4 Earnings

February 8th, 2017 Comments off
LouisianaPacificCorpReportsQ4EarningscreditLPX1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Louisiana-Pacific Corp.

Louisiana-Pacific Corporation (NYSE: LPX) reported results for the fourth quarter and year ending December 31, 2016 today.

Total net sales for the fourth quarter totaled $550 million, 19 percent higher than the same quarter one year ago. Total net sales for the year were $2.2 billion, 18 percent higher than the previous year.

 

Income from continuing operations for the fourth quarter was $43 million ($0.29 per diluted share) and income of $150 million ($1.03 per diluted share) for the year.

Non-GAAP adjusted income from continuing operations was $32.8 million ($0.23 per diluted share) for the fourth quarter and income of $130 million ($0.89 per diluted share) for the year. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) from continuing operations for the fourth quarter was $85 million compared to $34 million in the fourth quarter of 2015.

For the year, EBITDA from continuing operations was $346 million compared to $67 million the previous year.

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LouisianaPacificCorpReportsQ4EarningscreditLPX2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Our fourth quarter ended very strong which added to an outstanding 2016 for LP,” said CEO Curt Stevens.

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LPX CEO Curtis Stevens. Credit: LPX.

Siding revenues were nearly 20 percent higher in Q4 of this year compared to Q4 of last year while adjusted EBITDA for this business was over 50 percent higher. Coupled with over a 400 percent increase in OSB earnings this quarter compared to last year, the full year ended with an 18 percent increase in revenues, an EPS from continuing operations of $1.03 and adjusted EBITDA of $346 million.

LPX shares were up today, gaining 4.63 percent.

I am confident that housing will continue to grow over the next several years as household formations increase and both job and wage growth become stronger,” said Stevens.

With our new leadership in place, our facilities running well and our sales force focused on growth, 2017 should be a good year for LP.

LouisianaPacificCorpReportsQ4EarningscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers.

LPX is one of the various manufactured housing industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

LPX Q4 2016 and Year End Results.

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Top Prize for Residential Modular Visionary

January 30th, 2017 Comments off
TopPrizeforResidentialModularVisionarycreditVancouverSun-postedtothedailybusinessnewsmhpronewsmhlivingnews

A look at the award winning modular vision. Credit: Vancouver Sun.

A vision for modular housing has made a huge impact at the recent STEM (Science, Technology, Engineering, Mathematics) Spotlight Awards in Vancouver, Canada.

According to the Vancouver Sun, British Columbia Institute of Technology (BCIT) civil engineering student Stephen Cohos won the $20,000 grand prize during the inaugural edition of the awards event for his vision of sustainable modular housing.

My main interest is in modular building systems, but we can also make buildings that sequester carbon from the atmosphere rather than create it in the production of cement,” said Cohos.

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Credit: STEM Spotlight Awards.

Cohos presented the Amoeba Building System to judges, which is a modular building system that can be used to create large multi-unit residential buildings composed almost entirely from wood, with the goal of solving the Vancouver area-housing crisis.

Cohos says that the individual living units are called “Unit Cells” which can be assembled on site from prefabricated wall and floor panels, and then stacked like Lego bricks to match the shape and topography of a building site.

It really speeds up the time needed for construction,” said Cohos.

Right now I am designing an eight-story building, but we are hoping to go up to 15 or 20 floors.

The STEM Spotlight Awards is a first-of-its-kind competition in Canada, challenging individuals aged 18 to 28 to present solutions to real-world problems in five major sectors of the British Columbia economy using STEM skills (Science, Technology, Engineering, and Math).

 

The MH Industry and STEM

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Credit: The Daily Times.

As Daily Business News readers are aware, Clayton Homes has established the Clayton-Bradley Academy, a STEM school located on the grounds of Clayton’s Maryville, Tennessee headquarters, with the goal of preparing students for college, as well as being a community resource and part of a bigger conversation about education.

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Patricia Bradley and Kevin Clayton. Credit: Knox News.

With rapid expansion since its July 2013 opening, Executive Director Patricia Bradley believes that the school is uniquely positioned to help students and businesses alike.

Business partnerships are critical. The business community is telling us that students aren’t career-ready, and our goal is to produce students who are ready to go to college and universities and be prepared for the work force. We want to make the transition as smooth as possible,” said Bradley.

 

Clayton Homes is a subsidiary of Warren Buffett’s Berkshire Hathaway (BRK/A), and is the largest producer of manufactured homes (MH) in North America. Vertically integrated, the company has several hundred retail centers nationwide. Through its affiliates and family of brands, Clayton builds, sells, finances, leases and insures Clayton-built manufactured and modular homes.  The operation also buys products and uses services from other producers.

For the most recent closing numbers on all Berkshire Hathaway – and all MH industry-connected tracked stocks – please click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Killam Properties Makes Significant Moves

January 30th, 2017 Comments off
KillamReceivesRecommendationsFromRatingsFirmscreditRentalHousingBusiness-postedtothedailybusinessnewsmhpronewmhlivingnews

Credit: Rental Housing Business.

Canada based real estate investment trust Killam Properties Inc. (TSE:KMP.UN) tells MHProNews that the company has closed on two Canadian acquisitions worth $26.2 million, including 153 apartment units in London, Ontario, and 66 units in Calgary, Alberta.

On December 22, Killam acquired a five building portfolio in London for $13.4 million, or $87,500 per unit. Killam’s London portfolio now consists of 417 total rental units.

On January 16, Killam acquired Spruce Grove Lane Apartments, its second apartment property in the city of Calgary. The 3-acre site consists of 66 townhouse-style apartments, with a purchase price of $12.8 million, or $195,000 per unit.

KillamPropertiesMakesSignificantMovescreditRentboardCA-postedtothedailybusinessnewsmhpronewsmhlivingnews

Spruce Grove Lane. Credit: Rentboard CA.

philipfraser-presidentceokillamproperties-manufacturedhomecommunitiesdailybusinessnews-mhpronewsWe are pleased to grow our rental portfolios in both London and Calgary,” noted Philip Fraser, President and CEO.

We have been monitoring the Calgary rental market over the last year and Spruce Grove Lane Apartments, located in a sought-after residential neighborhood, has great upside. We have the opportunity to add value and grow net operating income at this property.

The acquisitions bring the company’s total for 2016 to $70 million, which exceeds management’s goal of $50 million in acquisitions for the year.

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Killam 1 year look. Credit: Bloomberg.

Killam also received recommendations from rating agencies recently, with an average recommendation of “buy,” from TD Securities and “sector perform” from Scotiabank. That story is linked here.

As Daily Business News readers are aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

Killam is also one of the manufactured home industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews. For the recent closing numbers yesterday on all MH industry-connected tracked stocks, please click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Local Developer Says MH Community Hurts Property Value

January 26th, 2017 Comments off
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Credit: MHProNews.

North of the border, in Mayerthorpe, Alberta, Canada, in what appears to be another case of NIMBY (Not-In-My-Back-Yard), a housing developer is not pleased about a planned manufactured home community.

According to the Mayerthorpe Freelancer, local housing developer Tim Rosadiuk criticized Mayerthorpe’s new manufactured housing subdivision and said there is a lack of good places to build in town.

Rosadiuk, president of Cozifoam Roof Armour Systems, made a presentation to the town’s policies and priorities committee meeting on Jan. 16. In that presentation, he said the town was wrong to create a new manufactured housing subdivision on the former site of Ellis Granley Park.

The town needs to generate more tax revenue in order to improve services, be able to pave more roads, encourage population growth and density,” said Rosadiuk.

I would see that it offers up to a 30 to 50 per cent tax revenue possibility than manufactured homes for the same unit area of building space.

LocalDeveloperSaysMHCommunityHurtsPropertyValuecreditMayerthorpeFreelancer-postedtothedailybusinessnewsmhpronewsmhlivingnews

Tim Rosadiuk. Credit: Mayerthorpe Freelancer.

Rosadiuk also said it was hard to find places in town to develop site-built homes that do not have surroundings that would diminish the value of the property.

I was discouraged to hear that this property is being developed as more manufactured housing,” said Rosadiuk.

If I choose to build a new house in town, I am hard pressed to find a place where the surroundings won’t diminish the resale value of my new property.

After the meeting, Mayerthorpe Mayor Kate Patrick defended the decision on the manufactured home community, sighting the location.

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Mayor Kate Patrick. Credit: Mayerthorpe Freelancer.

We like to keep the manufactured housing subdivisions in areas where they’re not spot zoning into regular housing areas,” said Patrick.

That area was conducive to the manufactured housings that surround it.

Patrick mentioned that development in the new subdivision is making progress with developers and they are expressing interest, although nothing has been confirmed yet.

She added that Mayerthorpe was going to look into the concerns from Rosadiuk.

We’re in the process of reviewing our land use bylaw and some of the concerns that he brought up will be addressed in the new land use bylaw,” said Patrick.

NIMBYnotInMyBackYard

Credit: OHRC.ON.CA, under fair use.

The Daily Business News covered the controversy in Mayerthorpe recently, and also here in the U.S., where in Aiken, South Carolina, Councilman Danny Feagin was quoted as saying “As long as it keeps the mobile home parks [sic] out, I think the folks would be satisfied,” in relation to a proposed rezoning ordinance. ##

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

 

Modular Building Helps Native American First Nations Solve Housing Challenges

January 11th, 2017 Comments off
ModularHelpsFirstNationsSolveHousingChallengescreditBritco-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Britco.

For many among the member of the “First Nations” in Canada, quality affordable housing is a persistent challenge. The Yale First Nation in British Columbia knows this all too well, having to work to provide housing that meets the challenge of standing up to cold weather without being too expensive.

According to The Tyee, the Yale Nation receives a maximum of $169,000 from the federal government to build a house. That’s enough for a single-family, wood-frame house or, as Yale First Nation Chief Ken Hansen calls them, “B.C. box houses.

These homes can take six to 12 months to complete, and with frequent rains delays even though the homes meet basic code structure, their quality often leads to challenges including mold.

These challenges led the Yale Nation to Britco, a Langley, British Columbia-based modular building company.

Yale contracted with the company to build 10 two-bedroom modular units in a pair of buildings that meet high-efficiency “Passive House” design requirements.

For us, the appeal was not only are we being environmentally conscious, which is very important to our chief and council,” said Crystal Sedore, housing manager for the Yale First Nation.

But also to build housing that is beyond minimal acceptable standards. We want something better, and our membership deserves better.

Passive House homes are designed to be so energy-efficient that they are able to stay warm at 62 degrees with residents’ body heat, energy from the sun, and by turning on the lights.

Passive Housing relies on strict construction standards and material specifications to ensure as little heat seepage as possible, and housing can be completed in 30 days.

Britco says that their previous Passive House project, located in Bella Bella, B.C., takes as much energy to heat on the coldest day of the year as turning on six 100-watt incandescent light bulbs.

For the Yale Nation, that means cost savings.

ModularHelpsFirstNationsSolveHousingChallengescreditTheTyee-postedtothedailybusinessnewsmhpronewsmhlivingnews

Modular units in progress. Credit: The Tyee.

We’re looking at hydro bills estimated to be $10 to $20 a month for heating and electricity” in these new units,” Sedore said.

Yale says it will track the units energy use and share the data, providing a valuable test case for modular Passive House designs in other communities, regardless of whether or not they’re Indigenous.

I’m hoping to lead by example,” said Chief Hansen. ##

(Editor’s Note: The Daily Business News has covered a number of First Nation stories, including the Kashechewan First Nation returning to their land, with new modular housing to welcome them. That story is linked here.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

NPR, MHAction memo, Cities Raise Fees, Close Manufactured Home Communities too

January 9th, 2017 Comments off
NPRMHActionCitiesCloseCommunitiesToocreditCBC-postedtothedailybusinessnewsmhpronewsmhlivingnews

Midfield Mobile Home Park. Credit: CBC.

The Daily Business News has provided in-depth coverage of the reaction to the National Public Radio (NPR) broadcast and story Mobile Home Park Owners Can Spoil An Affordable American Dream, and the attack on investor owned communities by MHAction.

The ongoing response from the industry’s professionals is to keep pointing to facts – versus private agendas – that have shown that exaggerations about manufactured homes and the community sectors of the industry are alive and well.

As commentary on Industry Voices (see examples, linked here and here) has reflected, the industry’s professionals do not believe in protecting bad actors.

With all the noise around media-driven misconceptions, it’s often overlooked by groups like NPR and MHAction that even cities and towns shut down communities, or do other things that they blame private investors for doing.

A recent example is found in Calgary, Alberta, Canada. The city has plans in place to close a manufactured home community that has been around for over 45 years, Midfield Mobile Home Park.

They treat us like trailer trash,” said long-time resident Rudy Prediger, referencing the City of Calgary’s stewardship of the property.

NPRMHActionCitiesCloseCommunitiesToocreditCalgaryHerald2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Rudy Prediger. Credit: Calgary Herald.

They made promises then broke them, they treated us with disrespect,” says Prediger, speaking of the city’s management.

I have a legal right to protect my property and that’s what I’m going to do.

Prediger speaks to a story that plays itself out repeatedly. Not just in manufactured communities, but in also in aging residential and commercial properties and apartment communities as well.

Per the Calgary Herald, the issues at Midfield began back to 2010, when their city council decided that repairing the park’s infrastructure, which included its aging sewer and water system, was too costly.

MiamiApartmentsRedevelopedforHIghrisesPostedManufacturedHomeIndustryDailyBusinessNewsMHProNews

A Google search on this date for apartments being redeveloped yielded over 40,000 possible hits. Conventional housing and commercial properties are also the subject of redevelopment, for the kinds of reasons cited by GMHA’s Jay Hamilton, below.

During that year, notices went out to the homeowners to inform them the community would close down in 2012.

Residents were told that they could move to land the city had purchased for a new community, and would be given a moving allowance to do so.

In 2014, plans for the new “mobile park” — all other existing ones in the city were full — were scuttled. Residents then received notice of Midfield’s official 2017 closure, along with a list of resources, which included contact info for such agencies as the Calgary Homeless Foundation and the Mustard Seed, according to the Herald.

Up to $20,000 in buyouts, along with counseling, was offered to each of the 173 owners.

Midfield sits on what’s considered to be “prime inner-city land” in Calgary.

NPRMHActionCitiesCloseCommunitiesToocreditCalgaryHerald-postedtothedailybusinessnewsmhpronewsmhlivingnews

Aerial view of Midfield. Credit: Calgary Herald.

What often happens in these instances is that private and public community owners find themselves in “lose-lose” situations – which Jay Hamilton, Executive Director of the Georgia Manufactured Housing Association (GMHA) – described a few weeks ago.

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Jay Hamilton, Executive Director, Georgia Manufactured Housing Association (GMHA).

One of the biggest reasons that a Manufactured Home Community Owner sells his property is that over time property taxes increase four and five-fold.  But the owner can’t economically escalate the lot rent quick enough to keep up.  Or the resident could not afford to live there if they did,” said Hamilton.

As communities become surrounded and engulfed by restaurants, Hilton Hotels, stadiums, big box stores, airports, residential and commercial developments – property taxes begin exceeding the total revenue from renting spaces.

As this scenario continues to play out in the U.S. and Canada, the thoughts shared by ROC USA President Paul Bradley are relevant.

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Paul Bradley. Credit: Fosters.

How can we promote homeownership and sell new homes on leased land and at the same time close communities?” Bradley questioned.

It’s like selling tickets to a zoo where ‘only 1 in a 100 are eaten by the lions!’”

Bradley said, “One way to address this is to segment true homeownership land lease communities and differentiate it from traditional ‘parks’ where closure remains a risk, not a certainty but a risk.

NPR’s Latest anti-Investor Owned Community Salvo 

In their latest broadcast and published article dubbed “With Few Legal Protections, Nashville Mobile Home Park Residents At Risk Of Losing It All,” (see their article, linked here), NPR paints a radically different picture than what the USA Today network affiliate, The Tennessean did less than a month ago (see that article, linked here).

UMHNashvilleResidentTennesseanLarryMcCormackCreditPostedDailyBusinessNewsMHProNews

See article that was the source of the above, linked here. Credit, the Tennessean.

Independent community operations manager Tom Fath pointed out numerous errors in NPR’s previous reports, and told MHProNews of the problems that such mainstream media stories cause.

sam_landy__reit_dot_comPostedDailyBusinessNewsMHProNews

Sam Landy, REIT.com. To see an exclusive interview with Landy, click here.

UMH President and CEO Sam Landy told the Daily Business News that, “UMH has improved the lives of well over 1,000 manufactured home residents in the Nashville area. We have significantly upgraded communities. Our residents overwhelmingly support the companies actions.” Landy said his firm is preparing a detailed response to the NPR article about their Nashville locations.

The Daily Business News will continue to follow NPR, MHAction and similar cases of closely. The full commentary from Jay Hamilton is linked here. Commentary from Paul Bradley is linked here. ##

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Analysts Say This Community Operator Is a “Buy”

January 2nd, 2017 Comments off
LakeViewEstatesKillamCommunityPostedDailyBusinessNewsMHProNews

Logo for Lakeview Estates, one of Killam Properties, shown here under fair use guidelines.

TD Securities reissued their buy rating on shares of Killam Properties Inc (TSE:KMP.UN),” writes Robert Boyd in the Daily Quint.

Killam currently has a C$15.00 price target on the stock.

As RC Williams and others have reported, additional research analysts have also recently issued research reports about the company.

Bullets per Boyd, are as follows:

  • BMO Capital Markets boosted their target price on Killam from C$13.00 to C$13.50 in a research note on Monday, August 8th.
  • Scotiabank reissued a sector perform rating and set a C$13.25 target price on shares of Killam in a research note on Thursday, August 4th.
  • Raymond James Financial Inc. increased their target price on Killam Properties from C$13.25 to C$13.75 and gave the stock an “outperform” rating in a research note on Friday, August 5th.
  • Canaccord Genuity lowered Killam Properties from a “buy” rating to a “hold” rating, but raised their price target from C$13.50 to C$14.00 in a report on Wednesday, July 27th.
  • Royal Bank Of Canada boosted their target on  from C$13.00 to C$14.00 in a report on Monday, August 8th.
Killambloomberg-postedDailyBusinessNewsMHProNews

1 Year stock trend, per Bloomberg.

A pair of analysts have rated the stock a “hold” rating, while five have given a “buy” rating to Killam.

The firm’s stock has an average rating of Buy and consensus price target of C$13.97.

TDSecuritiesScotiabankRestatePositiveRatingsforKillamPropertiescreditGlobeandmailtdscotiabankkillam-postedtothedailybusinessnewsmhpronewsmhlivingnews

Image collage by the Daily Business News, each logo belongs to their respective company and is provied here under fair use guidelines.

For RC William’s prior report on Killam, please click here.

Publishing Notice: with the markets closed today for New Year’s day federal holiday, the next complete market report will be Tuesday, January 2, 2016. ##

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Soheyla Kovach.

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

Sunday Morning Weekly Recap – Manufactured Housing Industry News – December 18th, 2016 – December 25th 2016

December 25th, 2016 Comments off

sunday-morning-weekly-manufactured-home-pro-news-recap-1-4-to-1-10-2015-mhpronews-com-As December rolls on, the current featured articles are found on the MHProNews home page.

Our theme for this month is: DAAD = Dramatic! Advent! Adventure! December 2016!

To see the line-up of over 3-dozen featured articles for this month, along with the headline commentary, please click the link above.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on the home page, you can reflect on another motto as you chart your own professional path ahead: “We Provide, You Decide.”  ©

 

 

What’s New On MHLivingNews

 mhlivingnews-improvedlivingforle-logo

1SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews

‘Tis the Season!’ Manufactured Housing Association Delivers Christmas for Communities

 

It looks Cool! But is Richard Perkin’s NoHA the Real Deal in Affordable Housing?

 

What’s New On MHProNews

 

Saturday December 24th, 2016

 7SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews

Business Donates Manufactured Homes to Help Those in Need

The Festival of Lights, 2016

 

Friday December 23rd, 2016

Inside Recent Moves at Universal Forest Products Inc.

NorthStar, Drew Industries, Manufactured Housing CV and Markets End Up

 87SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews

U.S. Existing Homes Sales Reach Highest Level in Nine Years

Manufactured Housing Association Delivers Christmas for Communities

 

Thursday December 22nd, 2016

Skyline, Sun Communities Up, Down Day Manufactured Housing CV, Broader Markets Slip Again

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

 6SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews

Retrospect – Top Story Canadian Story, 2016 – Wildfires and Factory-Built Homes

President-Elect Trump Narrows Choices for Key Housing Positions

UMH Properties Makes More Moves, Promotion Announced

 

Wednesday December 21st, 2016

Patrick, NorthStar Realty Lead Manufactured Housing Comp Value, Broader Markets Slip on Profit Taking

NYS Homes and Community Renewal, ROC USA and Pathstone Deliver Christmas Cheer

 5SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews

CFPB Takes Action, Faces Additional Scrutiny

NoHA Engineer Claims Revolutionary Home Concept, But Key Details Are Missing

Wheel Bearing Blaze Chars Manufactured Home on Roadway

  

Tuesday December 20th, 2016

Skyline, Patrick Lead Manufactured Housing CV, Dow Closing in on 20,000

Blowtorching A ‘Mobile Home?’ Bad Idea, Says Official

Drew Industries Announces Big Change for Dec 30th, 2016

 4SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews

Open Letter to Dr. Ben Carson – Publisher Invites Next Secretary to Historic HUD Achievements

Chinese, Spanish Power Players Plan Prefab Factories

 

Monday December 19th, 2016

AMG lone slider – Sky, UMH Lead Manufactured Housing CV, Broader Markets up too

Prefab Making Dreams Come True – In a Hurry

3SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews 

Manufactured Housing Industry Statistics and Fast Facts Reports 2007-2015

Trump’s First 100 Days: House Freedom Caucus Plans, Some Could Impact Factory Builders

Upscale Prefab Home Showcased in the Desert

 

 

Sunday December 18th, 2016

2SundayMorningWeeklyRecapManufacturedHousingIndustryNewsDec18th2016Dec25th2016-postedtoManufacturedHousingIndustryDailyBusinessNewsMHProNews 

Sunday Morning Weekly Recap – Manufactured Housing Industry News – December 11th, 2016 – December 18th 2016 ##

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Inside Look – Tricon Capital’s Recent Manufactured Home Community Moves

December 22nd, 2016 Comments off
TriconManufacturedHousingLandLeaseBusinessCreditTricon-postedManufacturedHousingDailyBusinessNewsMHProNews-

Credit: Tricon.

Toronto, Canada based Tricon Capital Group Inc. (TCN.TO), recently announced that its Tricon Lifestyle Communities (“TLC”) investment vertical has acquired a portfolio of three manufactured housing communities in California comprising a total of 421 residential pads for $30.4 million.

Tricon Capital tells the Daily Business News that two of the communities, Riverdale Estates and Palmdale Estates, are age-restricted properties totaling 336 rental pads located in Indio, California.

The third property, Springdale Estates, located in San Marcos (San Diego County) is a family community consisting of 85 residential home sites.

TLC intends to execute a capital improvement program, focused on the amenity center and entrance features at all three communities.

These acquisitions expand TLC’s presence in California and increase its portfolio size to 3,065 residential pads across 14 communities, with approximately $129 million of assets under management.

Credit: Tricon.

Tricon Lifestyle Communities states that they are focused on acquiring, enhancing and managing manufactured housing communities across the United States through a joint venture with its third-party operating partner, Cobblestone Real Estate LLC, a vertically integrated asset and property manager.

Tricon Capital Group is a principal investor and asset manager focused on the residential real estate industry in North America with approximately $3.1 billion USD of assets under management. Tricon owns, or manages on behalf of third party investors, a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities and multi-family development projects.

Tricon Capital Group also recently announced strong Q3 growth during their November 9th earnings call, citing investment income growth across verticals.

InsideTriconCapitalGroupsRecentMovescreditBloomBerg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Tricon 1 year look. Credit: Bloomberg.

Solid execution by our management team and strength in the U.S. housing market laid the foundation for another very good quarter, with meaningful year-over-year growth in all our housing verticals,” said Gary Berman, Tricon’s President and Chief Executive Officer.

InsideTriconCapitalGroupsRecentMovescreditTriconCapital-postedtothedailybusinessnewsmhpronewsmhlivingnews

Gary Berman. Credit: Tricon Capital.

Shareholders will also note that we have revised our MD&A format this quarter, underscoring our commitment to providing simple and transparent reporting to our investors. We believe the new MD&A will help alleviate some of the perceived complexity in our reporting and enable investors to better understand the underlying value of our company.

Finally, we are pleased to report that subsequent to quarter-end we substantially completed the buyout of the minority interest in Tricon American Homes, which will further simplify our reporting and position us better for long term growth in the burgeoning single-family rental industry. Our operating partners were instrumental in helping TAH become a leader in the market and we would like to thank them for the important role they played in our success to date.

Tricon Capital’s Q3 earnings report is linked here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Contractor in Fight Over Tiny Home

December 8th, 2016 Comments off
ContractorinFightOverTinyHomecreditCJOB-postedtothedailybusinessnewsmhpronewsmhlivingnews

Gregg Taylor’s tiny home. Credit: CJOB.

Gregg Taylor, the Alberta, Canada based owner of GHT Contracting constructed the home of his dreams.

And the county he is in told him he had to get rid of it, or face a fine.

Although I’ve been a contractor for my entire adult life, I’ve never built a house that I’ve lived in,” said Taylor.

CJOB reports that the tiny home cost Taylor $15,000 to construct and includes a four foot balcony, two sleeping walls, a full bathroom and a kitchen.  Pretty good when you consider it’s only 20 feet long.

You can tow it on a half-ton truck,” said Taylor. With this economic downturn we’ve experienced here, I decided I’m going to do it.

ContractorinFightOverTinyHomecreditHouzz-postedtothedailybusinessnewsmhpronewsmhlivingnews

Gregg Taylor. Credit: Houzz.

Rocky View County has told him if he doesn’t move the home he’ll be slapped with a $1500 fine.

Taylor has the home set up on five acres, but there are no services, which is the problem.

You have to remember this is a rural community; what are you going to do with water and waste water?” said Grant Kaiser, spokesperson for Rocky View County.

If you don’t have a municipal address how are we going to find you when you need the fire department or police department.

The county contends that the home does not meet the proper requirements.

The bottom line is the house simply appeared on the roadside with a large banner on it promoting a construction company,” said Kaiser. “Neighbors objected to the home being there and called it in. This from our perspective has less to do with a tiny home and more to do with advertising, or perhaps to do with a mobile home.

Kaiser also mentioned that plumbing sanitation was also a big concern, but Taylor says there are non-traditional solutions to that problem.

There’s composting toilets, there’s incinerating toilets. You can just use a regular toilet and use a stow and go,” said Taylor. “I’m working on a system right now of recycling my shower water… I recycle my sink water.

ContractorinFightOverTinyHomecreditGHT-postedtothedailybusinessnewsmhpronewsmhlivingnews

Inside Taylor’s tiny home. Credit: GHT.

Kaiser had some advice for Taylor for getting what he wants done.

If he’s looking to build a real tiny home in Rocky View County, simply apply for a development permit and follow the process through,” said Kaiser.

If he’s looking to have a mobile tiny home in Rocky View County then he has to do one of two things; he has to actually find a place that allows for that, or he has to find a property that already has an existing permanent residence on it so that the mobile tiny home can take advantage of the water source, the waste water, the municipal addressing for emergency services.

The Daily Business News has covered the “tiny home” trend for years, including a Missouri based nonprofit that plans to use tiny homes to help the disabled and chronically homeless. MHLivingNews has compared tiny houses to manufactured homes, at this link here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.