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Posts Tagged ‘Palm Harbor Homes’

Spotlighting Pro-Growth Educational Effort by Louisiana Manufactured Housing Association

December 18th, 2018 Comments off

 

SpotlightingProGrowthEducatoinEffortLousianaManufacturedHousingAssociationLogoLMHALogoAnthonyTonyLucasPalmHarborDailyBusinessNewsMHProNews

The Louisiana Manufactured Housing Association (LMHA) video below takes a tact at defending and promoting the acceptance of manufactured homes that is noteworthy.

 

 

It could have utilized the singularly important point of HUD Code manufactured home enhanced preemption, or any number of other research points that were available at the time the video was produced. So while it is useful, it could be improved.

 

 

Lenny Kopowski and Steve Duke at LMHA have been doing such educational and outreach efforts for years.

 

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The terminology matters because
the terminology determines the
construction standards a home was
built to,” Steve Duke, LMHA.

 

That said, it debatably stands far and away better than anything that the national Manufactured Housing Institute (MHI) has produced to date.

Several states have made efforts at growing the industry at the state level. That’s laudable.

The unfortunate point is that MHI, which has millions a year in budget should be doing this sort of work, shouldn’t they? Don’t they claim to represent all aspects of factory-built housing?

 

Manufactured Housing Institute Housing Alert, Affordable Housing Crisis, MHI’s #NettlesomeThings Response

 

Louisiana’s slip in new home shipments is one of several topics that MHI has ignored in their recent ‘newsletter’ to their members. Several states have told MHProNews that they are concerned.

 

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Louisiana is one of the top ten states for manufactured home shipments in recent years, per data collected by HUD and reported by MHARR. Clayton Homes has a serious presence in the state. Yet, sales are declining. Why???

 

Michigan’s shipments is another top ten state in recent years that has been losing, not gaining, in year-over-year new manufactured home shipments.

What will change this or other troubling industry dynamics?

One answer is the one that UMH President Sam Landy suggested, each company is responsible for its own marketing. Each company is logically responsible for its own sales engagement systems too.

After all, all sales are local ones.

Beyond that, independents who want to see growth should consider new alliances.

Because in the post-production sector, that MHI claims to be doing, the evidence suggests they are fast at defending themselves or a favored company, such as Clayton or 21st.

But beyond that, they’re  efforts for protecting, educating, and promoting on behalf of the broader industry have not produced anything akin to this generally promising notion by LMHA, posted above. “We Provide, You Decide.” © ## (News , analysis, and commentary.)

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Related Reports:

#1 Texas Among States with New HUD Code Sales, Experiences Shipment Drop, Facts Reveal Warning Signs

 

#$2Trillion U.S. GDP Growth via Affordable Housing Plan Few Discuss – Introducing #YimbyVictory2020

 

 

 

Which Manufactured Home Producer is the #1 Leader in the Hot Florida Market?

March 12th, 2018 Comments off

WhichManufacturedHomeProducer#1LeaderHotFloridaMarketDailyBusinessNewsMHProNews

It’s not the industry’s giant, Clayton Homes.

 

In fact, Clayton – which leads the nation by a wide margin in manufactured home retail and production – is nevertheless not number one in several individual states.

ManufacturedHomesMarketShareMHIMembersClaytonCavcoChampionDaiyBusinessNewsMHProNews

See related report, “Warren Wages War,” linked here.

The red-hot, sunny Florida housing marketplace is one of them.

According to reports from the Florida Manufactured Housing Association (FMHA), the top seller of both manufactured and modular homes in the state – based upon floor dues – is the independent producer, Jacobsen Homes.

JacobsenFloridaLeadingManufacturedHomeBu8ilderDailyBusinessNewsMHProNews

The rest of the field is as shown.

JacobsenFloridaLeadingModularHomeBu8ilderDailyBusinessNewsMHProNews

But note that per the FMHA data reported by Jacobsen, more than one company outsells Clayton in Florida.

It’s a reminder to those in or considering entry into HUD code manufactured housing that the Berkshire Hathaway owned industry leader  isn’t all-powerful.

Not just in Florida, but in other markets too, Clayton are being outperformed in a variety of locations across in the U.S. More on this topic in the days ahead, stay tuned.

New Manufactured Housing Production Results Report for January 2018

To see the top ten states in HUD Code manufactured housing production, click the linked report, above.  “We Provide, You Decide.” ©   ## (News, analysis, and commentary.)

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Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

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Cavco Industries Reports Q2 Results

November 10th, 2016 Comments off
cavcoindustriesreportsq2resultscreditcavco-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Cavco Industries.

Cavco Industries (NASDAQ: CVCO) reported financial results for Q2 2016 on November 8th.

Net revenue for the second quarter was down 1.9 percent from Q2 2015 to $188.3 million, while net revenue was up 5.6% for the first six months of the year compared to the same period in 2015.

Pretax income was up 4.8% to $13.1 million, powered by operating leverage from homes sales volume. Net income was up 14.8 percent to $9.3 million.

Net income per share for the second quarter, based on basic and diluted weighted average shares outstanding, was $1.04 and $1.03 respectively, compared to net income per share of $0.91 and $0.89 for the comparable quarter last year.

Net income per share for the six months ended October 1, 2016, based on basic and diluted weighted average shares outstanding, was $1.65 and $1.63, respectively, versus basic and diluted net income per share of $1.52 and $1.49 for the prior six-month period.

 

cavcoindustriesreportsq2resultscreditglobenewswire1-postedtothedailybusinessnewsmhpronewsmhlivingnews

cavcoindustriesreportsq2resultscreditglobenewswire-postedtothedailybusinessnewsmhpronewsmhlivingnews

Cavco's Joe Stegmayer. Credit: Cavco.

Cavco’s Joe Stegmayer. Credit: Cavco.

We are pleased to report improved profitability this quarter while still operating in a highly competitive housing market,” said Cavco Chairman, President and Chief Executive Officer Joe Stegmayer.

We remain encouraged by the continued housing recovery and our solid backlogs. Interest from manufactured home retailers, developers and community operators for our product offerings remains strong heading into the winter season.

As Daily Business News readers are aware, Phoenix, AZ-based Cavco Industries produces manufactured homes, modular and park model homes, vacation cabins and commercial structures. Factory-built homes are designed and produced under such brand names as Cavco Homes, Fleetwood Homes and Palm Harbor Homes.

 

cavcoindustriesreportsq2resultscreditbloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

 

Cavco is also one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.

For an exclusive interview with Joe Stegmayer, click here. ##

Cavco Q2 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.

Cavco Industries Releasing Quarterly Numbers May 26

May 25th, 2016 Comments off

cavco-lapsiding-manufactured-homeMHProNews has learned from globenewswire that manufactured and modular home producer Cavco Industries, Inc. will release its financials for the fourth quarter of fiscal year 2016 on Thurs., May 26, 2016, after the close of the market.

On Fri., May 27, 2016, at 1 PM eastern daylight time, senior management will host a live webcast to discuss the results. Listen via Internet: http://www.cavco.com under the Investor Relations link, where the webcast will be archived for 90 days.

Based in Phoenix, AZ, Cavco (Nasdaq:CVCO) is one of the largest producers of manufactured homes in the U. S. They marketed under Cavco Homes, Fleetwood Homes, Palm Harbor Homes Fairmont Homes and Chariot Eagle, and distributed through a network of independent and company-owned retailers.

The company also produces park model RVs, modular homes, cabins and systems-built commercial structures, selling through its financial arm, CountryWide Mortgage, and offering insurance through Standard Casualty. ##

(Image credit: Cavco lap-sided manufactured home)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Puyallup RV Show will Include several Manufactured Homes

April 21st, 2016 Comments off

Washington__puyallup_RV_show__MHRV__creditWhile the emphasis is clearly on recreational vehicles at the 42nd annual Puyallup (Wash.) RV Show, April 28 thru May 1 at the Washington State Fair Event Center, several manufactured homes will also be on display, as pressreleaserocket informs MHProNews.

A product of the MHRV Show Association, opening day will be Manufactured Housing Day sponsored by DeTray’s , Lakeview Meadows, Palm Harbor Homes and Skyline Homes.

DeTray’s Custom Housing of Puyallup will exhibit Skyline Corp.’s “Ramada” home and Kit Homebuilders West’s “Cedar Canyon” home, two rustic homes very suitable for waterfront vacation property.

DeTray’s Manufactured Housing of Olympia, WA will display two Palm Harbor Homes: a 1473 square foot home with the latest cutting edge features, and a 586 square foot tiny home.

Lakeview Meadows is a 55+ manufactured home community in Lacey, WA with RV storage facilities.

Sixteen RV dealers will be displaying all the latest models in the RV world. A special area will display a smattering of pre-owned RVs for sale.

The MHRV Show Association was formed in 1966 for the express purpose of promoting the RV and manufactured home industries. ##

Photo credit: MHRV Show Association)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

 

Palm Harbor Constructing tougher Modular Home to Withstand Hurricanes

September 1st, 2015 Comments off

palm-harbor-homes logoThe Insurance Institute for Business and Home Safety (IBHS) has officially recognized Palm Harbor Homes for its production of the first ever disaster resistant modular home designed to significantly reduce property damage during a severe storm.

Produced in Palm Harbor’s facility in Plant City, Florida, realestaerama tells MHProNews this is the first factory in the country to earn the FORTIFIED Home™ – Hurricane certification from IBHS. The first three homes of what Palm Harbor will call its Discovery Florida line of homes have been shipped to south Florida.

Homes earning the FORTIFIED Home label must meet very stringent building standards based on IBHS’ years of engineering research and study, and are inspected in the factory and in the field by an independent FORTIFIED Evaluator.

We are very proud to be the first U.S. manufacturing plant to attain the FORTIFIED certification,” said Mark Kelly, Vice President Sales and Marketing at Palm Harbor Homes. “Our homes have a strong history of weathering extreme storms and now we will be the first to offer homeowners in hurricane-prone areas the option to purchase a stronger modular home that will be more disaster resistant.

Palm Harbor Homes is part of Phoenix, AZ-based Cavco Industries, Inc., one of the largest producers of manufactured and modular homes in the nation. ##

(Image credit: Palm Harbor Homes)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Latest GIA Reports Show Consumer Preference for Factory-Built Homes

February 27th, 2015 Comments off

magnolia-home-henry-stahla-scottsbluff-nebraskaThe increased need for affordable housing in today’s market along with concern about the present economic climate is influencing consumers to be wary of spending heavily on site-built homes. These conditions lead to increased consumer preference for houses that can be built quickly with cost efficiency, and factory-built homes can meet that need. These homes are available at a price about 20 percent lower than traditional site-built homes.

A new report by Global Industry Analysts, Inc. (GIA) reveals that shipments of factory-built housing in the United States are projected to reach 133,000 units by 2020, driven by the strong demand for eco-friendly and energy-efficient homes.

As stated by the GIA new market research report, prefabricated housing is re-emerging as a one-stop solution for affordable, eco-friendly housing in the United States, after years of sluggish growth. Single-section manufactured housing is expected to witness the highest growth at a projected CAGR of 5.4%.

PR Web tells MHProNews that each year, more homebuyers are beginning to realize that manufactured, modular, panelized, and precut homes are desirable and affordable housing solutions available in the United States. Manufactured housing represents the largest market segment accounting for the bulk of shipments. While manufactured homes are built according to HUD building code, modular, panelized, and precut homes are built per the state and local building regulations.

Other advantages offered by factory-built homes include better quality and durability because building processes are carried out in controlled environments, reduced raw material waste, and economies of scale in purchasing building materials and components. Given their huge order quantities, manufacturers of factory-built housing have greater bargaining power with material suppliers. The production cost benefits from factory-built homes are passed on to the homeowner, making these homes more affordable.

Manufactured housing communities are projected to increase from 28.6% of the market in 2013 to 30.7% in 2015.  Manufactured housing on private property is projected to decrease from 71.4% of the market in 2013 to 69.3% in 2015.

GIA names Clayton Homes, Cavco Industries, and Champion Home Builders as the top three in the industry, comprising approximately two-thirds of the business.  Other companies make up one-third of the chart.

Other companies mentioned in the report include American Ingenuity Inc., American Homestar Corporation, Palm Harbor Homes, Commodore Corp., Deltec Homes Inc., Endeavor Homes, Gastineau Log Homes, Innovative Building Systems Inc., All American Group LLC, Excel Homes Group LLC, Lindal Cedar Homes Inc., Muncy Homes Inc., New Panel Homes Inc., Pacific Modern Homes Inc., Pleasant Valley Homes Inc., Professional Building Systems Inc., Ritz-Craft Corporation Inc., Signature Building Systems Inc., Skyline Homes, Southland Log Homes, and Wisconsin Log Homes Inc., among others. ##

(Photo Credit: Magnolia Homes)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article submitted by Sandra Lane to – Daily Business News – MHProNews.

 

 

Cavco Industries Reports Positive Fiscal 2015 Third Quarter Results

February 2nd, 2015 Comments off

cavco logoCavco Industries, Inc. (Nasdaq:CVCO) on January 29 announced its financial results for the third quarter and first nine months ended December 27, 2014 of its fiscal year 2015.

Globe Newswire tells MHProNews that Cavco’s financial highlights include the following:

Net revenue for the third quarter of fiscal year 2015 was $146.9 million, up 6.2% from $138.3 million for the third quarter of fiscal year 2014. Net revenue for the first nine months of fiscal year 2015 was $425.4 million, up 5.8% from $402.1 million for the comparable prior year period.

Income before income taxes was $10.6 million for the 2015 third fiscal quarter, a $2.1 million increase over $8.5 million reported in last year’s third fiscal quarter. Included in this quarter’s results was a $1.3 million net gain on the sale of idle properties recorded in Other income, net. For the first nine months of fiscal year 2015, income before income taxes increased $6.9 million to $28.2 million versus $21.3 million during the same period last year.

Net income attributable to Cavco stockholders was $6.6 million for the third quarter of fiscal year 2015, compared to $5.9 million reported in the same quarter of the prior year. For the first nine months of fiscal year 2015, net income attributable to Cavco stockholders was $17.9 million, compared to $12.0 million during the first nine months of the last fiscal year. Results for the first nine months of the prior fiscal year include a deduction of $2.5 million from net income attributable to redeemable noncontrolling interest, which was eliminated beginning in July 2013 in relation to the buyout of all redeemable non-controlling interest, as previously reported.

Net income per share attributable to Cavco stockholders for the third quarter of fiscal 2015, based on basic and diluted weighted average shares outstanding was $0.75 and $0.74, respectively, versus $0.67 and $0.66, respectively, for the prior year third fiscal quarter. Net income per share attributable to Cavco stockholders for the nine months ended December 27, 2014, based on basic and diluted weighted average shares outstanding was $2.02 and $1.98, respectively, versus $1.49 and $1.47, respectively, for the prior year nine month period.

Joseph Stegmayer, Chairman, President and Chief Executive Officer said, “The Cavco team is pleased with the results this quarter, which improved mainly from an 8.1% growth in homes sold by our factory-built housing segment versus the same period last year. In addition, the financial services segment of our business recorded a 10.5% increase in net revenue from higher home loan and insurance policy sales volume compared to last year’s third fiscal quarter.”

Another achievement for Cavco this quarter was to be recognized as No.13 on Forbes Magazine’s list of America’s Best Small Companies 2014. “We share this distinction with our many customers, shareholders, associates, suppliers and other constituents who are critical to the company’s ongoing success. We strive to ensure our daily activities will continue to merit such significant recognition,” Stegmayer said.

Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and company-owned retailers. The company is a leading producer of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes and Palm Harbor Homes. Cavco is also a leading builder of park model RVs, vacation cabins and systems-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand.

Cavco’s mortgage subsidiary, CountryPlace, is an approved Fannie Mae and Ginnie Mae seller/servicer and offers conforming mortgages to purchasers of factory-built and site-built homes. Its insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.

(Graphic Credit: Cavco Industries, Inc.)

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Article submitted by Sandra Lane to – Daily Business News – MHProNews.

Cavco Industries Named to Forbes® Magazine’s List of 100 Best Small Companies in America

January 29th, 2015 Comments off

cavco-homes-named-Forbes-100-best-small-companiesCavco Industries, Inc., (NASDAQ:CVCO) and its family of companies in the construction services industry, are proud to announce that they have been listed as number 13 on Forbes® Magazine’s list of “America’s Best Small Companies 2014.”

Since 1979, Forbes has been compiling a list of their top 100 small companies from all industry segments based on their history of consistent sales and earnings growth. Companies included in this list must have generated less than $1 billion in revenue each year, have been publicly traded for at least one year with a stock price no lower than $5 a share, and may not have been involved in “fuzzy” accounting or have major legal troubles.

“Being ranked highly on Forbes 35th annual list of America’s 100 Best Small Companies is a great honor,” said Joe Stegmayer, Cavco President, CEO and Chairman of the Board. “This recognition is a testament to the hard work and dedication of our associates to provide outstanding homes and construction services while generating value to our shareholders. We are thankful to our customers, associates, suppliers and our shareholders for helping us earn this wonderful distinction.”

As a factory-built construction company, Cavco builds in controlled indoor environments at an attractive value and within shorter completion times than on-site construction methods. The homes and park model RVs are efficiently distributed by independent retailers and through company-owned retail centers. Homes are customized to meet the styles and specifications required by individual consumers, land/lease communities, subdivision developers, and resort properties. ##

(Graphic Credit: Forbes®)

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Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

Wounded Vet to get free Palm Harbor Home

November 13th, 2014 Comments off

sgt-first-class-bacary-sambou-ground-breaking-free-home-credit=wpmobserver-posted-daily-business-news-mhpronews-com-Wounded Sargent First Class Bacary Sambou will get a free home, thanks to the joint effort of Hannibal Square Community Land Trust Inc., Palm Harbor Homes and Fairways for Warriors. The house will be located on a lot at 663 Symonds Ave., donated by the city of Winter Park, FL in April.

At the Veterans Day event, Denise Weathers, executive director of the Hannibal Square Community Land Trust Inc. said, “Today we’re celebrating our veterans, and in particular we’re celebrating Sgt. First Class Bacary Sambou.

The Winter Park Maitland Observer tells MHProNews that Sargent Sambou has been wheel chair bound since March 17, 2012. Donations raised from Fairways for Warriors will go toward making Sambou’s new home wheelchair accessible. Sambou suffered his injuries during a supply mission in Afghanistan. He’s had a spinal cord injury, a broken leg, two broken ribs, broken hand and a vertical cut on the right side of his face, splitting his eye. He also deals with a traumatic brain injury tod and post-traumatic stress disorder (PTSD).

Unfortunately in Central Florida, 25 percent of the homeless are veterans,” said Congressman John Mica to those attending the ceremony.

Sambou said, “This made me feel special; I didn’t expect to have this.” adding,…I know the U.S. Army is the best army in the world, and I wanted to be one of the best, that’s why I joined. Right now, I feel like I’m one of the best. The home will be presented in the first quarter of 2015. ##

(Photo credit: Winter Park Maitland Observer)