Archive

Posts Tagged ‘grand rapids michigan’

The Promise of Housing – Manufactured Homes Take Center Stage

April 11th, 2017 Comments off
ThePromiseofHousingManufacturedHomesTakeCenterStagecreditABCNewsPapers2-postedtothedailybusinessnewsmhpronewsmhlivingnews

A refurbished Family Promise home in Grand Rapids, MI. Credit: ABC Newspapers.

In Anoka County, Minnesota, just north of Minneapolis, one organization has seen the light, combining all the benefits of manufactured housing to combat homelessness.

According to ABC Newspapers, non-profit organization Family Promise will receive a $10,000 grant to kick-start a new effort to combat homelessness in Anoka County.

The “Home for Keeps” program allows families who are homeless the opportunity to transition to homeownership, as manufactured homes are refurbished and presented to them.

We are reaching out to local park [sic] owners to see if they have any manufactured homes sitting vacant on their land. We hope that park [sic] owners will sell such homes at low cost or donate them to Family Promise,” said David Frei, executive director of Family Promise.

Frei says that while no community owners have made homes available yet, the opportunity in Anoka County is significant, as it has almost 5000 homesites, more than any other county in the state.

We have a lot of potential for it to grow,” said Frei. “Manufactured housing is getting a rebound in our area.”

Volunteers from Family Promise will fix up the homes for families so they can move in, and eventually receive the title and claim ownership.

It’s a very inexpensive way for people to achieve stability,” said Frei.

ThePromiseofHousingManufacturedHomesTakeCenterStagecreditABCNewsPapers1-postedtothedailybusinessnewsmhpronewsmhlivingnews

The inside of a refurbished Family Promise home. Credit: ABC Newspapers.

Other Family Promise affiliates in Grand Rapids, Michigan, Colorado Springs, Colorado, and Orlando, Florida have launched similar programs and seen tremendous success.

Renting space in a manufactured home park [sic] typically costs families much less than renting an apartment would,” Cheryl Schuch, executive director of Family Promise of Grand Rapids.

On average, monthly rent is $450, and the average two-bedroom apartment in Grand Rapids goes for $1,100 monthly.”

Family Promise has moved 91 families into 84 manufactured homes to date.

The only way for them to exit poverty is for them to build assets,” said Schuch.

Owning a manufactured home is certainly a step in the right direction.”

The Daily Business NewsMHProNews and MHLivingNews have covered the case for manufactured housing as a viable solution to hope for the American Dream of home ownership at a reasonable price extensively, including Bloomberg making a statement to the same effect.

For more on manufactured housing being the solution that’s hiding in plain sight, see MHProNews and MHLivingNews Publisher L.A. “Tony” Kovach’s insight into the opportunity linked 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.

UFPI Engineer Mentors High School Students in Home Building

January 14th, 2014 Comments off

John Kozal, an engineer with Universal Forest Products, Inc. (UFPI) since 1994, has been mentoring high school students doing home design and construction since 2009, first at Union High in Grand Rapids, Michigan, and now at Central High. Seven students in particular received his undivided attention, according to schoolnewsnetwork.org, and one even dedicated a hardcover book to Kozal, saying, “John Kozal is everything I had hoped a mentor would be. He is an experienced and trusted advisor and a good example of what a professional in the design and construction industries is and does. He is dedicated to us students, to his work, to his family and community. He tries to help us better ourselves, and he cares about all of our futures.”

The students obtain hands-on experience building a home, even working with Habitat for Humanity on homes. The Academy of Design and Construction program is through the Grand Rapids Public School system. Known for meticulous attention to detail and thoroughness, when first asked if he would mentor students, he replied, “Yes. You need to be a beacon at the top of the hill. Who lights a candle and puts it under a bushel basket?” As MHProNews knows, UFPI is a supplier of components to the manufactured housing industry.

(Photo credit: schoolnewsnetwork.com/John Kozal)

UFPI to Post Q3 Results

October 16th, 2013 Comments off

Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q3 2013 financials Thursday, Oct. 17, at 8:30 AM EST. Headquartered in Grand Rapids, Michigan, as MHProNews knows the company supplies the manufactured housing industry with solid wood and wood-like products as well as plastic and other materials. Analysts expect UFPI to post earnings of +$0.54 per share and revenue of $625.77 for the third quarter, according to northforkvue.com. The company’s market cap is $835.5 million with a price-to-earning ratio of 36.41. To listen to the conference, please click here.

(Photo credit: Universal Forest Products, Inc.)

UFPI Posts Q2 Gains

July 20th, 2012 Comments off

MarketWatch tells MHProNews Universal Forest Products, Inc. (UFPI) reported net earnings of $17.5 million for the second quarter of 2012 on net sales of $593.2 million, a 9.1 percent increase over net sales of $544.1 million that produced net income of $4.3 million for the second quarter of 2011. Net sales increased in four of five markets. Noting the increase in shipments of manufactured housing for April and May, UFPI’s report says gross sales in its manufactured housing market rose 24.9 percent over the same period of 2011 to $80.7 million. UFPI also said one third of company sales in this market were for modular homes. A conference call conducted this morning will be available through Aug. 17, 2012. The company, based in Grand Rapids, Michigan, supplies the manufactured and modular housing industries with structural and specialty wood products.

(Image credit: Universal Forest Products, Inc.)

UFPI Adds Board Feet

May 17th, 2012 Comments off

MarketWatch informs us that MH component supplier Universal Forest Products, Inc. (UFPI) has acquired through a subsidiary Haleyville, Alabama-based MSR Forest Products, LLC, a provider of roof trusses and cut-to-order lumber for the manufactured housing industry. UFPI has an existing plant in Haleyville. With annual sales of $10 million, MSR also has a facility in Waycross, Georgia that is included in the acquisition. Headquartered in Grand Rapids, Michigan, UFPI is a holding company that provides resources for subsidiaries that produce and distribute a variety of wood and wood-look products for the DYI market, engineered components for commercial and residential construction, and structural lumber for manufactured housing. MHProNews.com has learned the purchase price was not disclosed.

(Photo credit: Tim Saville/General Truss)

Attention Shoppers: The Time to Buy is Nigh

March 26th, 2012 Comments off

In an rent vs. buy index of the 100 largest metropolitan areas in the nation, Trulia has determined it is a wiser decision to buy in 98 of them. The top ten cities where buying a home is a better deal: Detroit, Oklahoma City, Dayton Ohio, Warren-Troy-Farmington Hills Michigan, Toledo Ohio, Grand Rapids Michigan, Cleveland, Atlanta, Gary Indiana, and Memphis. The top ten where renting is smarter: Honolulu, San Francisco, New York City, San Jose California, Orange County CA, Los Angeles, San Diego, Colorado Springs CO, Boston, and Albuquerque NM. Trulia compares neighborhoods and properties, and then calculates the ratio between asking prices for rentals and for-sale homes to arrive at its conclusion. Based in San Francisco, Trulia tells MHProNews.com it  collects information and maintains unique files on desireable places to live through its many contacts with real estate professionals.

(Photo credit: Getty Images)