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Posts Tagged ‘shale’

UMH CEO Sam Landy Touts and Tempers Manufactured Home Operation’s Expectations

April 10th, 2018 Comments off

SamLandyUMHPropertiesCEOPresidentNAREITDailyBusinessNewsMHProNews

UMH Properties (UMH:NYSE) has both touted and tempered the results and expectations that investors may have with respect to one of the largest players in the manufactured home community (MHC) sector.

 

To provide a balanced view of the latest reports on the manufactured home (MH) community REIT (Real Estate Investment Trust) – UMH Properties – to MH Industry Professionals and investors, one must take a step back and establish some context.

The Daily Business News is the only MH Industry trade media that tracks their and other stocks connected to manufactured homes.  We’ve done so for years. The closing numbers on the UMH stock last night are linked here.


 

 So MHProNews and MHLivingNews.com has directly engaged with UMH Properties for years, as well as tracked reports about them by others.  MHProNews has interviewed UMH President Sam Landy a number of times.

 

The videos posted are both from 2017, but are revealing and relevant precisely as background.  They reflect their leadership’s thinking and company facts in brief.

MHProNews will follow up in the near term with a deeper data dive into UMH, and what that tells us about the trends in manufactured housing in general, as well as in the community sector.

Related reports to the state of the manufactured home industry after the end of the first quarter of 2018 are linked below. ## (News, analysis, and commentary.)  (Third party images are provided under fair use guidelines.)

Related Reports:

“Trailer House Trauma,” Fresh Look at Manufactured Housing’s Opportunities

Intelligence Report – MHI Producer Spotlights “the Plan” for MHCs, Community REITs

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

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

Thumbs Up on UMH Properties

November 25th, 2013 Comments off

SeekingAlpha.com reports manufactured housing community (MHC) proprietor UMH Properties owns 74 communities comprised of 13,400 developed home sites with an average occupancy rate of 82 percent. Forty-three of the communities, representing 46 percent of the holdings, are in the Utica and Marcellus Shale acreage that is being developed by energy companies that often utilize factory-built housing. The commentator, Brad Thomas, suggests UMH is a good buy because of its enviable position along the Ohio-Pennsylvania border where the drilling is going on, and is buying it himself, even though he does not like the fact that it maintains a REIT (real estate investment trust) portfolio of $23.2 million, which accounts for 30 percent of its assets. The company also sells and finances MH, as MHProNews has learned. In addition, UMH has a $23.2 million loan portfolio comprised of around 760 homes located throughout 48 communities

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)

Goliath Expanding in Texas

April 3rd, 2013 Comments off

MyWestTexas tells MHProNews housing supplier Goliath Industries, responding to the urgency one year ago for oilfield housing, quickly sited 21 leased modular housing units to accommodate 50 workers southwest of Odessa, Texas. From clearing the land to welcoming the first occupants took a mere four weeks, but now the company will be removing those structures while installing new two and three-bedroom units that will be more permanent. Ed Parker, Goliath’s regional sales manager, says, “That particular customer’s lease is up, and it’s an opportune time to upgrade the facility and to get another tenant coming in.” Goliath has a 200 unit facility in Pecos, also serving the workers for the Eagle Ford Shale oilfield, but that will be expanded to 600 units. Based in Grand Junction, Colo., Goliath has a mancamp in the Bakken oilfields of North Dakota, as well as facilities near its home in Colo.

(Photo credit: Associated Press–modular mancamp in Williston, ND)

From Shipping Container to Workforce Housing

March 28th, 2013 Comments off

KENS5-TV reports from Encinal, Texas developer David Monnich is building modular housing from shipping containers and is planning a 70-unit building in the Eagle Ford Shale oilfield area. Noting they stack nine high on cargo ships, Monnich says, “They’re structurally proven. They were insulated, framed and prewired before we brought them down here and put them together.” The units will rent for $800-1200 a month, as MHProNews has learned. Encinal is located in south Texas near Laredo. Monnich eventually intends to make modular homes of the units, stacked to make the home bigger as needed.

(Photo credit: Ron Medvescek/arizonadailystar—modular container house)

 

Ohio Preparing for Influx of Workers

July 11th, 2012 1 comment

As energy workers are lured to eastern Ohio to take advantage of the jobs becoming available in the oil and gas fields of the Utica Shale formation, RVBusiness says the Ohio Environmental Protection Agency and the Ohio Department of Health have issued a 12-page set of regulations governing water. The guidelines refer to waste water from showers, toilets, sinks and laundry facilities as they apply to temporary housing, including RVs, modular man camps, and manufactured housing. MHProNews.com has learned these are not new regulations, merely developed “as a tool for drilling companies, entrepreneurs, or other interested parties looking at providing temporary housing facilities for oil-gas field workers.”

(Photo credit: Simcoe/Canada)

Oil and Gas Exploration Industry House Workers in MH

April 11th, 2012 Comments off

OilandGasFinancialJournal says the DRC Group of Mobile, Alabama has installed a 100-room manufactured housing facility for personnel working the Eagle Ford Shale formation that runs from the southeast U.S. Mexican border northeast several hundred miles to north of Houston. MHProNews.com has learned Houston-based Apache Corp. and EOG Resources are two of the largest lease-holders in the Eagle Ford. Sited in Kenedy, Texas, the facility features double beds, private baths, HVAC units and televisions, as well as laundry facilities, indoor and outdoor recreation, and a dining room that serves three meals a day. DRC owns and operates the unit.

(Photo credit: OilandGasFinancialJournal)