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Posts Tagged ‘s sales’

Sales High in Ohio

June 10th, 2013 Comments off

Sales of manufactured housing have risen 34 percent this year in Ohio, says Tim Williams, Executive Director of the Ohio Manufactured Homes Association. According to what mydaytondailynews tells MHProNews, last year’s sales of manufactured homes homes increased by the greatest number in 22 years, rising 28 percent. In 2009 sales bottomed out at 596 homes, down from a high of 8,017 in 1998. Census data reveal four percent of the housing in Ohio is manufactured homes. Williams says a lot of the new sales are being reported in the Utica Shale area in eastern Ohio where energy companies are drilling for oil and gas, as we reported here July 11, 2012.

(Image credit: Liberty Homes)

MHC Owner Busy Selling Homes

May 20th, 2013 Comments off

Having re-branded 18-year-old SSK Communities as “You Got it Homes,” co-founder Nathan Smith says the company sold no new manufactured homes in 2011, 60 in 2012, and they are already ahead of last year’s sales, due to aggressive TV ads. As the owner/operator of 22 land lease communities with 4,900 homesites in Indiana, Kentucky, and Ohio, Smith says they are one of the first companies in the country to build a vertically-integrated business model—they sell the manufactured homes, arrange or provide financing, insure the home and manage the communities. Cincinnati reports Smith, who is also chairman of the Manufactured Housing Institute (MHI), says people like the streamlined one-stop shopping approach, and the company’s website, yougotithomes.com has generated over 4,000 sales leads. MHProNew has learned SSK is the largest MHC owner in Kentucky and one of the top 30 in the country.

(Photo credit: Carie Cochran/enquirer–Nathan Smith with one of the homes for sale.)

New Single-family Home Sales Drop

March 26th, 2013 Comments off

According to nationalmortgagenews the sale of new single-family homes dropped in February 4.6 percent from January on a seasonally-adjusted annual rate (SAAR) to 411,000, although last month’s sales still rose 12.3 percent over February 2012. The seasonally adjusted number of new homes available at the end of February hit 152,000, the equivalent of a 4.4 month supply. MHProNews has learned the median sales price of a home sold in February was $246,800, and the average sales price was $313,700.

(Image credit: Mike Irwin/wenatcheeworld)

Store Draws MH Owners

September 24th, 2012 Comments off

The Daily Commercial reports from Leesburg, Florida Pat’s Sales has been providing the aftermarket manufactured home industry with discontinued, salvaged, and overstocked materials for 35 years. The 60,000 square-foot building contains a variety of flooring, cabinetry, plumbing, doors, windows, electrical, siding, moldings and much more, serving the myriad of manufactured home communities in Lake and Sumter counties. Owners Laurel and Pat Denson maintain a list of installers for those who do not go the DIY route. Pat says the newer manufactured homes are made better than in the past, using drywall and residential doors and windows. MHProNews has learned kitchen cabinets and carpeting are the most sought after items, in that order.

(Photo credit: The Daily Commercial—Buck Denson checks the rolls of flooring.)

Modular Builder may enter Oil Boom Fray

September 18th, 2012 Comments off

Prairiebizmag reports Red Lake Falls, Minnesota based Homark Homes is building two dormitory-style man camps for a Goldcorp, Inc. gold mine near Musselwhite, Ontario, Canada. Built to house 76 workers, each building consists of 16 modular units connected to form a two-story residence hall 28 feet wide by 282 feet long.  Employee-owned Homark’s primary business has been in modular home construction.  This $3.6 million project may be a jumping off point to become more involved in the housing stampede that has taken western North Dakota by storm due to the Bakken Formation oil boom. James Hassel, Homark’s sales manager, noting the company is working with developers in the area, says, “Our costs are too high to compete, because of our quality. We build homes that are as good as or better than stick-built houses built on site. What we’re trying to do is find niches and areas where people want communities built.” MHProNews has learned Homark began in the 1960’s building mobile homes and now has 100 employees.

(Photo credit: prairiebizmag/Eric Hylden—Homark Homes factory)

Patrick Industries Announces Q2 Financials

July 26th, 2012 Comments off

According to MarketWatch, reflecting an 15 percent increase in revenue from the manufactured housing industry, Patrick Industries, Inc. (+8.19%) of Elkhart, Indiana reported net sales for the second quarter of 2012 rose 39.9 percent, or $33 million, over the $82.6 million of the same quarter in 2011. Net income for Q2 2012 was $13.3 million, $1.22 per diluted share, over $3.7 million, or $0.36 per diluted share for the same period of 2011. Shipments in the MH industry for the first six months of 2012, accounting for 19 percent of the company’s sales, increased 20 percent over the same period for 2011. Net sales for the first six months of 2012 rose 43.5 percent, from $66.2 million to $218.3 million, over $152.1 million for the same period of 2011. Net income for the first six months of 2012 was $18.3 million, $1.70 per diluted share, versus $2.5 million, or $0.24 per diluted share, for the first six months of 2011. MHProNews knows Patrick manufactures and distributes component and building products to the recreational vehicle and manufactured housing industries, as well as to other industrial markets.

(Image credit: Patrick Industries, Inc.)

MHC in Florida Sold to Illinois Co.

June 21st, 2012 Comments off

SouthFloridaRealEstate tells us the Stoll Manor Mobile Home Park in Lakeland, Florida has been sold to an Illinois buyer for $2.15 million. Stoll Manor is an all-age community founded by C.J. Stoll in 1993 with 239 home sites and several exercise amenities. Dan Mulkey, investments vice president in the Tampa office of Marcus & Millichap (M&M) who engineered the deal, in a phone conversation told MHProNews that Donna Baylor, president of CJStoll, Inc. represented the seller. Mulkey supplied figures indicating M&M’s sales reached $17 billion in 2011, $346 million of which were National Manufactured Home Communities sales resulting from 69 transactions. While the buyer was not officially identified, one source told MHProNews that the buyer was Lakeshore. That has not yet been confirmed.

(Photo credit: citybizlist)