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Posts Tagged ‘North America’

No-frills Muji prefab designed for Tiny Urban lots

November 13th, 2014 Comments off

Muji-VerticalHouse-Exterior-mother-nature-network-posted-daily-business-news-mhpronews-com-Japanese variety store Muji is rolling out its pre-fabricated home, to be sold via its retail outlets. Unlike past Muji prefabs, there doesn’t appear to be a notable Japanese architect attached to Vertical House — perhaps it was designed in-house. Svelte and sleek, the three-story split-level residence is completely free of interior doors, partitions and walls.

Mother Nature Network (MNN) says Muji has close to 300 retail stores in Japan, including mega stores. But the chain has witnesses a spread into other parts of Asia, Europe and North America. New York City, Los Angeles and San Francisco will soon be joined with a locaion in Toronto, the first Canadia Muji location.

MNN describes the Vertical Home to MHProNews in these terms:

Svelte and sleek, the three-story split-level residence is completely free of interior doors, partitions and walls. A nightmare for privacy-seeking teenagers, yes, but fantastic in terms of freeing up available space and creating an open floor plan with a very pared-down ambiance.”

MNN notes that in Japan, homes are often razed after 30 years, a trend some say is unsustainable for them, which also keeps homes from appreciating as they might in the U.S..

VerticalHouse-Muji-Primary_0mother-nature-network-posted-daily-business-news-mhpronews-com-

With locations in the U.S., and so Canada, will North American home shoppers soon be looking to Muji – or other popular retailers like Ikea – for their next home? ##

(Photo credits: MNN)

 

Clayton Homes Rolls Out Video of Construction Process

October 8th, 2014 Comments off

clayton_homesManufactured housing builder Clayton Homes of Maryville, Tennessee has developed an interactive tool that outlines the construction process of their homes, providing informative photos of the construction methods from top to bottom, including all the steps and the variety of materials and band name products that go into each home. “We listened to our customers, and found that they wanted to learn more about our home quality,” said Kevin Clayton, CEO of Clayton Homes, according to digitaljournal.com. As MHProNews knows, Clayton Homes began in 1956, and is the largest producer of manufactured homes in North America. ##

(Photo credit: Clayton Homes)

Modular Accommodations Supplier Declares Monthly Dividend

January 17th, 2014 Comments off

Black Diamond Structures of Calgary, Alberta, Canada, which rents and sells remote workforce housing and modular workspace solution, has announced it will pay a dividend of $0.075 per share for January, 2014. The company’s board of directors reports the dividend will be paid on February 18, 2014 to shareholders of record as of Jan. 31, 2014, with an ex-dividend date of Jan. 29, 2014. According to einnews.com, Black Diamond Group operates out of 17 plants across Canada, the United States and Australia, providing turnkey lodging services, remote facility management and supply chain solutions, in addition to lodging accommodations. As MHProNews has learned, the company services a variety of industries including oil and gas, mining, power, construction, engineering, military, government and education. It also has 50 percent equity participation in certain aboriginal limited partnerships.

(Photo credit: Associated Press–modular workforce housing,Williston North Dakota)

Manufactured Home Builder Opens Second Production Facility

November 26th, 2013 Comments off

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 2002 in a previous Fla. site. “There is a lack of pre-owned homes for sale inside many of Florida’s communities and many new homes are simply too expensive for some budgets. Through value-engineering and a focus on high-efficiency manufacturing, we offer buyers a new home at or near the cost of a pre-owned home,” said Wade Lyall, South Region Vice President of Champion Home Builders. As MHProNews knows, Champion operates out of 30 facilities across North America and the United Kingdom.

((Photo credit: Champion Home Builders)

Cavco Revenue Increases in Q2 Fiscal 2014

October 31st, 2013 Comments off

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 ago. As marketwatch reports, for fiscal 2014 second quarter net income attributable to stockholders was $4.3 million, compared to net income of $1.3 million for the same period last year. During Q2 2014, Cavco completed the purchase of all noncontrolling interests in Fleetwood Homes, Inc., paying $91.4 million in common stock for the 50 percent it did not own, increasing the number of outstanding shares by 1,867,370. The Cavco subsidiary owns Fleetwood Homes, Palm Harbor Homes, CountryPlace Mortgage and Standard Casualty Company. Joseph Stegmayer, Chairman, President and Chief Executive Officer, says, “We expect the Company’s improved financial statement condition will support further growth in all facets of our business: home building, retail sales of homes, mortgage lending, and insurance services.” MHProNews knows Cavco is one of the largest producers of manufactured and modular homes in North America.

(Image credit: Cavco Industries, Inc.)

Clayton Homes Celebrates Halloween

October 30th, 2013 Comments off

Continuing a tradition that began 22 years ago, Clayton Homes in Elkins, West Virginia, in coordination with 20 local businesses, sponsored its annual “Safe Trick-or-Treat” Tuesday night, Oct. 29 in a Clayton display home. General manager Judy Ritchie of Clayton says “We get phone calls starting two to three weeks before the event wanting to know if we’re having Halloween again.” She says they are now passing out treats to the second generation of kids whose parents came to the event as children, as wboy.com tells MHProNews. Clayton is the largest producer of manufactured homes in North America.

(Photo credit: wboytv.com)

ELS to Announce Financial Results for Q3

October 21st, 2013 Comments off

Zolmax.com reports Equity LifeStyle Properties, Inc. (NYSE:ELS) will announce its financial results for the third quarter of 2013 Tuesday, Oct. 22 during a conference call at 11 AM. Analysts anticipate ELS will post earnings of $0.38 per share and revenue of $173.38 million for Q3. With a market cap of $3.055 billion and a price to earnings ratio of 33.15, analysts expect the company will post earnings of $2.25 earnings per share (EPS) this fiscal year, and $2.64 EPS next fiscal year. MHProNews knows ELS owns 380 manufactured housing and recreational vehicle communities in North America.

(Photo credit: Equity LifeStyle Properties, Inc.–Lake Haven, Clearwater, Fla.)

Sam Zell, ELS Chairman, featured at National Community Council’s Fall Leadership Forum

October 16th, 2013 Comments off

Sam Zell, chairman of land lease community owner Equity LifeStyle Properties, Inc. (ELS) will be the featured speaker at the Manufactured Housing Institute’s National Communities Council Fall Leadership Forum being held Oct. 16-18 at W Hotel City Center in Chicago. Titled “Building a Vision for the Future,” topics covered include Marketing & Image, the Future of the Land Lease Business Model, Learning from Small community Operators, Home Financing and Real Estate Marketing for the Future. MHProNews and MHLivingNews Publisher L. A. “Tony” Kovach will attend and publish a post meeting report. ELS is the largest owner of manufactured housing and recreational vehicle communities (MHCs) in North America with 380 properties.

(Photo credit: The Wall Street Journal–Sam Zell)

Zell Reduces Investment in Commercial Real Estate

September 12th, 2013 Comments off

One of the biggest investors in U.S. real estate in the ’90s and early part of the century, only 30 percent of Sam Zell’s personal investment portfolio is in real estate, compared to 50 percent in the 1990’s. According to the worldpropertychannel.com, billionaire Zell told The Wall Street Journal, “We’re dealing with a world that’s dramatically more volatile, and that requires more caution and care than before. I’m not singing ‘Kumbaya’ like other people.” Following the market collapse in 2008, he shifted his interest to natural gas, international real estate investments in emerging markets including Columbia and India, and a distressed-debt fund. As MHProNews knows, Zell is Chairman of the Board of Equity LifeStyle Properties, Inc., (NYSE:ELS) the largest owner of manufactured housing communities in North America with 380 properties comprised of over 140,000 homesites.

(Photo credit: Equity LifeStyle Properties, Inc.–Lake Haven, Clearwater, Fla.)

Zell to Speak at National Communities Council Forum

August 15th, 2013 Comments off

The National Community Council’s Fall Leadership Forum will be held Oct. 16-18, 2013 at the W. Chicago City Center Hotel. Titled “Building a Vision for the Future,” Sam Zell, Chairman of Equity Group Investments and Equity International, which own Equity LifeStyle Properties, will be the featured speaker at the conference. Topics surrounding all aspects of manufactured housing communities (MHCs) will include The Future of Financing for Homes, Finding Ways to Improve the Customer Experience, and Learning from Innovative Smaller Operators. Other industry leaders are set to discuss combining traditional marketing with social media and mobile apps. As MHProNews knows, Zell’s Equity LifeStyle Properties is the largest owner of MHCs in North America. For more information contact Jenny Hodge at jhodge@mfghome.org.

(Image credit: National Communities Council of the Manufactured Housing Institute)