Archive

Posts Tagged ‘recreational vehicles’

Skyline Revamping its Recreational Vehicle Models

September 17th, 2014 Comments off

skyline logo  credit skyline corpIn an attempt to turn around its eighth consecutive year of multimillion dollar losses, manufactured housing producer Skyline Corp. is rolling out a new line of recreational vehicle (RV) models at this week’s Elkhart County RV Open House. Based in Elkhart, Indiana, the company has focused more on its MH line in the past few years, according to rvbusiness.com, and sales of its RV line dropped 9.8 percent in 2013 and 31 percent this fiscal year. As MHProNews reported Sept. 12, 2014, an independent audit issued a “going concern qualification” for Skyline, which was included in a report to the Securities Exchange Commission. The company’s stock has been volatile the last several days, closing down in today’s trading -2.53 percent, at $2.70. ##

(Image credit: Skyline Corp.)

Town Will Allow Rvs to Temporarily Site in MHCs

July 31st, 2014 Comments off

canadian flag waving  wikipediaA proposal to allow recreational vehicles to occupy manufactured home sites in land lease communities until a manufactured home is delivered passed the Coaldale, Alberta, Canada Town Council, according to sunnysouthnews.com. Town officials will include in the ordinance that only the owner of the home site can place an RV there, only one RV per site will be allowed and a development permit must be issued before the RV is brought in. In addition, as MHProNews has learned, the permit is only good for 90 days. ##

(Image credit: wikipedia.org–Canadian flag)

Equity LifeStyle Properties Posts Gains for Q2

July 23rd, 2014 Comments off

Margeurite Nader, CEO and President of Equity LifeStyle Properties (NYSE:ELS), in discussing second quarter 2014 results, reports the company experienced its 19th consecutive quarter of occupancy growth, with homeowner occupied sites increasing by 113, and home renter sites rose by only two. Last year, by comparison, ELS had lost 189 homeowner-occupied sites and gained 360 renters. During Q2 the company sold 66 new homes at a price point of $68,000, substantially more than the 18 sold in Q2 2013, and more than double the 30 sold in Q1 2014. Roughly half the new homes sold this past quarter were through an arrangement with Cavco Industries, Inc., according to seekingalpha.com.

According to watchlistnews.com the company reported $0.63 earnings per share (EPS), $0.02 above the consensus estimate, with revenue of $188.90 million for Q2, 2014, besting the consensus estimate of $179.61 million. For the comparable quarter in 2013 EPS was $0.57. Revenue for the quarter was up 6.8 percent on a year-over-year basis. As MHProNews knows, the real estate investment trust (REIT) has an interest in over 380 manufactured home and recreational vehicle communities comprising more than 143,000 homesites. ##

Cathy Parmley Works with MH Insurance

July 8th, 2014 Comments off

MHProNews has learned from insurancejournal.com Charleston, South Carolina-based insurer Johnson & Johnson has named Cathy Parmley vice president of operations in charge of the company’s internal work flows and allocation of resources for commercial and personal lines. With 20 years of experience at the company, she mostly recently served as vice president of personal lines overseeing manufactured housing and recreational vehicle business insurance. J & J services agents in 18 states from Mississippi to Maine. ##

(Photo credit: linkedin.com–Cathy Parmley)

Marcus & Millichap Engineer MHC Sale

July 3rd, 2014 Comments off

Patio Garden Mobile Home Community, a 90-site, senior manufactured home community (MHC) in Mesa, Ariz., was sold by Marcus & Millichap (NYSE:MMI) for $4.5 million, according to sddt.com. The transaction was part of a 1031 exchange for a San Diego apartment portfolio, MHProNews has learned. Douglas Danny, of M&M’s National Manufactured Home Community Group, was the principal in the deal. Built in 1977 on 9.52 acres, the fully occupied community includes 73 MHC sites and17 sites for recreational vehicles (Rvs), as well as a clubhouse, laundry facilities and a car and RV wash. ##

(Image credit: Marcus & Millichap)

Crew Camp Operator Facing nearly $30 Million Fines in Bakken Oil Field

June 20th, 2014 Comments off

Western Petroleum LLC and its parent company, Pilot Logistics, are facing up to $30 million in fines for a crew camp violating zoning regulations in North Dakota’s Bakken oil patch, according to crookstontimes.com. The Williston Herald reports a conditional use permit for the site was approved in 2011 for 40 recreational vehicles (RVs) and seven modular units, but the permits were never renewed. A recent inspection at the site discovered 30 RVs, hook-ups for ten more and seven modular homes plus two houses. MHProNews has learned each structure will be fined $1,000 a day for each day of violation. ##

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

Building Permits on Hold for Factory-built Homes

June 16th, 2014 Comments off

The Martin County Board of Commissioners in Florida adopted an interim moratorium on building permits for the construction of modular homes in residential future land use designations, according to tcpalm.com. Meanwhile, MHProNews understands the county planning agency proposes to amend Article 3 and Article 6 to distinguish between modular homes, manufactured homes and recreational vehicles (RVs). It also intends to establish standards for factory-built homes, RVs and RV communities. ##

(Image credit: Deer Valley Homes, Inc.)

Patrick Acquires Painting Firm

June 10th, 2014 Comments off

Elkhart, Indiana-based Patrick Industries, Inc. (PATK) has acquired Precision Painting Group which offers interior and exterior painting for recreational vehicles (RVs), and includes TDM Transport, Inc., which services in-house customers. Although no purchase price was published, Precision expects annual revenues this year of $28 million, according to rvbusiness.com. Patrick is a component supplier to the manufactured housing industry, as MHProNews knows. Todd Cleveland, president and CEO of Patrick, says, “Precision’s excellent reputation in the industry, which has been built upon years of providing high quality products and service and industry leading expertise to its customer base, will allow us to establish a strong presence in the painting market while providing opportunities to expand our array of products and services to the RV market through existing sales channels. ##

(Image credit: Patrick Industries, Inc.)

Missouri County Bans Living in Transitory “Homes”

May 5th, 2014 Comments off

Franklin County (Missouri) Planning Director Scottie Eagen reports her office has been getting complaints of people living in tents, travel trailers and recreational vehicles as their primary residence in an attempt to skirt residency rules. A new ordinance has banned that practice, as cbslocal.com informs MHProNews.com, and violators could be subject to a fine. People had been able to live for 90 days on land zoned “agricultural non-urban,” said Eagen. “ They would live in it for 90 days, move to another lot next to this one, live in it for 90 days, move to another lot.” Manufactured and modular homes are acceptable in this county just southwest of St. Louis, but not the more transient “homes.” ##

(Photo credit: Sunny Oaks manufactured housing community)

Land Lease Community Converting to Modular?

April 22nd, 2014 Comments off

The Sleepy Hollow Mobile Home Park in Manteca, California, long a sore point in the community with squatters, alleged drug dealing and other nefarious activities going on, is being closed, and according to mantecabulletin.com, will reopen with new modular homes. The 21-site community was adequate and neighborly to some but the state pulled the operating permit after finding numerous health and safety concerns last year. However, the order to vacate was never enforced, MHProNews has learned, and owner Mahesh Gogri was unable to effectively control the recreational vehicles that would pull in and hook up to electrical boxes. Gogri allegedly owns numerous properties up and down the state. ##

(Photo credit: cbs7kosatv.com–dilalpidated pre-HUD Code home)