Posts Tagged ‘RVs’

Australian Modular Maker Sees Profit

February 22nd, 2012 Comments off

NineMSN of Australia tells the Fleetwood Corporation, a producer of RVs and modular accommodations for residential and commercial applications, announced its profit for the six months ending Dec. 31, 2011 rose ten percent to $26.89 million. CEO Steven Price attributes the earnings report to increased demand for temporary accommodations for miners across Australia. In business since 1964, Fleetwood’s Coromal Caravans is the largest manufacturer of RVs in Western Australia, and second largest in the country. The company’s network of subsidiaries covers Australia as well as New Zealand, and also produces RV accessories and replacement parts, fiberglass canopies and liners, campers, retirement homes, and modular buildings for offices and schools. Fleetwood declared a dividend of 33 cents a share, up one cent from the previous year.

(Graphic credit: Fleetwood Corp.)

Passages: Philip L. LaMarch

February 18th, 2012 Comments off

The DailyPress of Escanaba, Michigan, informs of the passing of longtime manufactured and modular housing dealer Philip L. “Phil” LaMarch on Feb. 14 at age 92. He began in the automobile business, than switched to RVs and mobile homes, and developed Far View Estates, the first manufactured home community in the Upper Peninsula of Michigan. He and his late wife, Leona, owned Phil and Lee’s Homes, now operated by sons Dennis and Rick LaMarch. MHProNews extends its deepest sympathies to the LaMarch family.

(Photo credit: DailyPress)

New Year Sun Shines on Sun Stock

January 3rd, 2012 Comments off learned the stock of MHC owner Sun Communities Inc. has been upgraded by equity analysts at BMO Capital Markets from “market perform” rating to an “outperform” rating. LocalizedUSA reports as of Dec. 31, 2009, the real estate investment trust (REIT)’s portfolio was comprised of 136 properties, 124 of which are manufactured housing communities in 18 states. Four of the communities are RVs and eight are a mix of MHCs and RVs. On Dec. 6 of last year, analysts at Keefe, Bruyette & Woods had downgraded Sun Communities to underperform. Sun’s 52-week range is 30.49 to 40.21. The stock finished 2011 at 36.57.

(Graphic credit: Sun Communities Inc.)

The Other Side of the ND Housing Shortage

January 3rd, 2012 Comments off has reported several times about the North Dakota oil boom that is drawing thousands seeking well-paying jobs, spiking the demand for ASAP housing. “Man camps”, modular dormitories for mostly male oil field workers have sprung up around Williston, ND. Some people are sleeping in cars, tents, and RVs. The strong demand for single-family factory-built homes, is partly being met by Chief Custom Homes, Magnolia Homes, and Champion Homes of Nebraska. The TusconCitizen tells us another side effect of the money pouring into the area has produced a housing demand in Arizona. Real estate agent Rocky Parra of Gilbert, AZ has sold eight homes in recent months to North Dakotans. “A lot of people have struck it rich,” he says. “Oil companies are coming in and buying businesses and land. They’re selling up there at the peak and buying down here at the bottom.” Home prices have fallen by more than double in Arizona. Blaine Bjella sold his cabin and six acres to an oil company that made him an offer he could not refuse, and bought a $5 million 8,000 square foot mountaintop estate with a view of Phoenix, Mesa, and Scottsdale for $2.1 million cash. He returns monthly to oversee his auto repair and truck businesses, and knows more than 50 other North Dakotans who are moving to Phoenix. The population of Williston has grown by 15 percent in the last decade.

(Photo credit: Wikipedia)

North Dakota Oil Boom Drawing Midwest MH Producers

December 15th, 2011 Comments off

Following up on a story we published Nov. 14, 2011, OmahaWorld-Telegram reports the oil boom in North Dakota continues to have positive repercussions for area MH producers. The York, Nebraska, Champion Home Builders plant has doubled its production staff since summer to 150, and intends to hire another 50 early next year. Champion General Manager Tom Tyree says, “It’s kind of like the good old days in the industry. Instead of buying one at a time and taking forever to get stuff done, they’re buying 20 at a time — or more.” Martin Huff, Executive Director of the Nebraska Manufactured Housing Association, says the producers in Nebraska are flourishing because in the immediate area, South Dakota has one manufacturer, and Minnesota and Montana only have a handful. Chief Custom Homes in Aurora, NE and Heritage Homes in Wayne, NE expect to add 30-50 percent more workers soon. Bering, NE-based Magnolia Homes sent a salesman to Dickinson, ND and he had to stay in a hotel 50 miles away. The population of Tioga, ND will expand from 1,300 to 5,000 once the two “man-camp” compounds are completed. As the need for more housing continues, Chief Custom Homes national sales manager Scott Fletcher expects MH producers from farther away to get a piece of the action. Some workers in Williston are currently living in tents in campgrounds, and RVs in parking lots.
Photo credit: Jeff Beiermann/TheWorldTelegram)

Drew Ind. to Broadcast QE3 Financials Nov. 2

October 17th, 2011 Comments off

tradershuddle reports from White Plains, NY that Drew Industries, Inc., will release its third quarter financials before the market opens Nov. 2, and then host a webcast for institutional investors and analysts later that day at 11 AM with a Q & A call-in. Other investors, traders and the media may listen to the webcast. Participating in the webcast will be Drew Chairman Leigh Abrams; Drew President and CEO Fred Zinn; Jason Lippert, Chairman and CEO of Drew subsidiaries, Lippert Components, Inc., and Kinro, Inc.; and Drew CFO and Treasurer, Joe Giordano. Drew supplies a variety of components to the manufactured housing and RV industries, including doors, windows, chassis and chassis parts, upholstered furnishings, bath and shower units, and axles.

(Graphic credit: Drew Ind.)