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Posts Tagged ‘United States’

Homes in America – The Land Where Even Doctors Struggle

April 13th, 2017 Comments off

HomesinAmericaLandWhereEvenDoctorsStrugglecreditReMaxLeadingEdgePostedMHLivingNewsIn the United States, some are native born, some immigrate, but all are unified in pursuing the American Dream.

For most, that includes owning a home. But according to a new report on housing affordability from real estate firm Trulia, there are some places in the country where even doctors struggle when it comes to home buying.

A combination of home prices on the rise and inventory at historic lows has pushed homeownership further and further away from middle-income Americans.

Nationwide, the average American worker earns $37,040 annually, while the median cost of a home is $254,900.  This is another compelling reason why there are trillions of dollars in opportunities for manufactured housing, per the report earlier this week by Soheyla Kovach.

The full story on the Trulia report is available at MHLivingNews, linked here. ##

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Report submitted by RC Williams to the Daily Business News, MHProNews.

Sun Communities Reports Q4 2016 Earnings

February 25th, 2017 Comments off

suncommunitiesquarterlyresults-creditssunmhpronews-manufacturedhousingindustrydailybusinessnewsmhpronewsSun Communities, Inc. (SUI) has reported its Q4 2016 earning results.

Total revenues for the quarter increased $50.4 million, or 30.0 percent, to $218.6 million compared to $168.2 million for the same period in 2015.

Net loss attributable to Common Stockholders was $1.6 million, or $0.02 per diluted common share, as compared to net income attributable to Common Stockholders of $89.4 million, or $1.56 per diluted common share, for the same period in 2015.

For the year ending December 31, 2016, total revenues increased $159.1 million, or 23.6 percent, to $833.8 million compared to $674.7 million for the same period in 2015. Net income attributable to Common Stockholders for the year ended December 31, 2016 was $17.4 million, or $0.26 per diluted common share, as compared to $137.3 million, or $2.52 per diluted common share, for the same period in 2015.

For the quarter, funds from operations (FFO) excluding certain items was $0.91 per diluted share as compared to $0.81 in the prior year, an increase of 12.3 percent.

For the year, FFO excluding certain items was $3.79 per share as compared to $3.63 in the prior year, an increase of 4.4 percent.

Home sales for Sun Communities increased by 27.8 percent as compared to the year ended December 31, 2015, and revenue producing sites increased by 301 sites for the quarter, bringing total portfolio occupancy to 96.2 percent.

Sun’s most recent results demonstrate the ongoing power of our platform. We achieved industry leading internal growth, increased or maintained occupancy for the 20th consecutive quarter and sold a record number of homes into our communities, while integrating our largest acquisition to date,” said Chairman and Chief Executive Officer Gary A. Shiffman.

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Sun Communities CEO Gary Shiffman, photo credit: Glenn Triest.

As we proceed through 2017, we are keenly focused on continuing to deliver exceptional results to our shareholders. Along with continuing to drive NOI growth from our core portfolio, we anticipate the most meaningful opportunities will come from value-add assets that we can reposition to deliver superior returns over the long term. Sun is well positioned to continue our track record of value creation.

Sun Communities Q4 and year-end 2016 earnings report linked here. ##

As Daily Business News readers are already aware, Sun owns and operates 338 manufactured home and recreational vehicle communities located in 29 states throughout the United States and Ontario, Canada. Sun Communities’ portfolio consists of approximately 117,000 developed sites. The firm has one of the largest portfolios of manufactured home communities in the United States.

Sun is also one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(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.

Sunday Morning Weekly Recap – Manufactured Housing Industry News – November 6th – November 13th, 2016

November 13th, 2016 Comments off

sunday-morning-weekly-manufactured-home-pro-news-recap-1-4-to-1-10-2015-mhpronews-com-This month, we continue with our thought-provoking themeEntrepreneurs November in MHVille 2016That link will take you to all of the featured articles and interviews this month.

Manufactured, modular and prefabricated home professionals know that how a home got to its location should not define a person or their dwelling.

What the Daily Business News spotlights day-by-day are the tragedies, triumphs and struggles for acceptance of the obvious solution for millions for the growing affordable housing crisis in the U.S. and beyond.

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When you read the lineup for the month found on Entrepreneurs November in MHVille 2016, you can reflect on another motto as you chart your own professional path ahead:

We Provide, You Decide.”  ©

 

What’s New On MHLivingNews

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Credit: MHProNews. 

State’s Manufactured Home Sales Soar

Designer Amy Shock’s Extreme Mobile Home Makeover – Photos & Report

 

What’s New On MHProNews

 

Saturday November 12th, 2016

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Housing Summit to Address Workforce Housing, Showcase Manufactured Housing

 

Friday November 11th, 2016

 

Manufactured Housing CV Up 3.54 Percent, New Record High for Broader Markets

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Investor Sentiment Better than Expected for UMH Properties

Tribal Nation Wins Appeal in “Mobile” Community Case

Investors, Analysts Weigh in on Equity LifeStyle Properties

 

Thursday November 10th, 2016

 

Affiliated Managers Group Up, MHCV Down, Broader Markets Mixed, Dow Sets Record

President-Elect Transition Team, POTUS Obama, Mr. Trump Meet

3sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews 

Utility Shutdown Could Lead to MH Community Being Condemned

Cavco Industries Reports Q2 Results 

Stocks Plunge & Surge – Unity and Protests

Ordinance Preventing Section 8 Discrimination Passes

  

Wednesday November 9th, 2016

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Skyline spikes, leads MHCV as Dow Swings 1000 Points On Trump Victory

“Amazing Future Homes” Video

TD Securities, Scotiabank Restate Positive Ratings for Killam Properties

Upset Win by Gracious President Elect, Donald Trump

  

Tuesday November 8th, 2016

Sun Communities, Universal Forest Products Up, MHCV Down, Broader Markets Steady

Money Missing from MH Cooperative, President Arrested

Trump has 32-25 lead in NH, Brits say Election for “Soul” of America 

Residents Forced to Move Due to Rezoning

5sundaymorningweeklyrecapmanufacturedhousingindustrynewsnovmeber6thnov13th2016-postedtomanufacturedhousingindustrydailybusinessnewsmhpronews 

Status Quo or Time for a Big Change? Election 2016

  

Monday November 7th, 2016

UMH Properties Leads Up Day for MHCV, Broader Markets Up 371

Top Trends for Manufactured Home Buyers

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State Manufactured Homes Sales Rise 47 Percent In 2016

All Locked Up! Election Videos, Pics & Analysis

Champion Homes Purchases Former Excel Homes Facility

  

Sunday November 6th, 2016

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Sunday Morning Weekly Recap – Manufactured Housing Industry News – October 30th – November 5th, 2016

Clinton Cash Machine vs. Donald Trump’s Movement – Closing Arguments Video

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Sun Communities Announces Q3 Results

November 5th, 2016 Comments off

suncommunitiesquarterlyresults-creditssunmhpronews-manufacturedhousingindustrydailybusinessnewsmhpronewsSun Communities, Inc. (NYSE: SUI) reported its Q3 2016 results on November 1, 2016.

For the quarter ending September 30, 2016, total revenues increased $64.3 million, or 34.7 percent, to $249.7 million compared to $185.4 million for the same period in 2015.

Net income available was $18.9 million, or $0.27 per diluted common share, as compared to $28.8 million, or $0.53 per diluted common share, for the same period in 2015.

For the nine months ended September 30, 2016, total revenues increased $108.6 million, or 21.4 percent, to $615.1 million compared to $506.5 million for the same period in 2015. Net income available for the nine months ended September 30, 2016 was $19.0 million, or $0.30 per diluted common share, as compared to $47.9 million, or $0.90 per diluted common share, for the same period in 2015.

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Click here or on the photo for Sun Communities full Q3 2016 report.

Equity analysts provided earnings per share (EPS) guidance of $0.89 – $0.91 for the next quarter.

Our strong third quarter results demonstrate the consistent growth profile of our portfolio. With home sales solidly ahead of last year in both the third quarter and year to date, the ongoing demand for manufactured housing in our high quality communities is clearly evident,” said Gary A. Shiffman, Chairman and CEO.

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Sun Communities CEO Gary Shiffman, photo credit: Glenn Triest.

I am pleased with the integration of the Carefree assets, which are performing ahead of expectations, as we employ our experience and expertise as a consolidator in this space. With both site expansion opportunities, and selective acquisitions such as the four communities purchased during and subsequent to the quarter, we continue to be well-positioned to drive ongoing growth across our platform.”

Other highlights from the earnings call:

  • Home sales increased by 43.0 percent as compared to the third quarter of 2015.
  • Revenue producing sites increased by 292 sites for the quarter bringing total portfolio occupancy to 96.2 percent, up 250 basis points from the third quarter of 2015.
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Credit: Sun Communities.

As regular Daily Business News readers know, Sun owns and operates some 338 manufactured home and recreational vehicle communities located in 29 states throughout of the United States and Ontario, Canada. Sun Communities’ portfolio consists of approximately 117,000 developed sites. The firm is one of the largest portfolios of manufactured home communities in the United States.

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Sun is one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

U. S. Stock Markets Closed Today

May 25th, 2015 Comments off

new york stk exch current  wikipediaThe U. S. stock markets are closed today in observance of Memorial Day, honoring those in the nation’s military who served to protect our freedoms. ##

 

 

 

 

(Photo credit: wikipedia commons)

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

Black Diamond Contracts for Modular Workforce Housing in Northern British Columbia

May 26th, 2014 Comments off

MHProNews.com has learned Black Diamond Group Limited of Calgary, Alberta, Canada has inked a 1,244 person workforce camp contract for the Montney Shale region of northeastern British Columbia, expecting to generate $34 million over the three year term of the agreement. The first 622 beds will be installed during the second half of this year, with rent beginning in January, 2015. The second half of the housing is expected to be completed by April, 2015, according to marketwired.com. Black Diamond provides remote workforce housing and associated support services across Canada, the Unites States and Australia for numerous mining, construction, engineering, military, government and education entities. ##

(Image credit: globalregina.com–modular workforce housing, Canada)

Britco will Supply Modular Units for Winter Games

March 6th, 2014 Comments off

MHProNews.com has learned modular builder Britco of Langley, British Columbia (BC) will supply modular housing for the athletes competing in the Canada Winter Games in Prince George, in east central BC, in 2015. Following the competition, four of the modular units will be transformed into libraries for First Nations communities in northern BC, much the same as ten modular Britco units after the 2010 Vancouver Olympics became libraries for First Nations people, as langleyadvance.com reports. Additionally, as MHProNews.com posted April 18, 2012, some of the modular units from the Olympics became housing for people with disabilities and at-risk youth. Britco, based in Langley, has one thousand employees spread across Australia, Canada and the United States, and is one of the largest modular construction companies in the industry. ##

(Photo credit: winnipegfreepress.com–Lake St. Martin, Canada modular)

 

Algeco, Modular Workforce Provider, Acquires Chard

December 4th, 2013 Comments off

Algeco Scotsman announces the acquisition of Chard Camp Catering Service Ltd., a provider of remote modular workforce housing and catering services, by its subsidiary, Target Logistics. With significant space for future expansion to accommodate steam-assisted gravity drainage operations, Chard owns and operates a 278-bed workforce camp just south of Fort McMurrray in Alberta, Canada. As nationalpost.com states, this acquisition increases to 17 the number of Target Logistics properties in the U. S., Canada, and Mexico with over 5,500 beds. Brian Lash, founder and chief executive officer for Target, says, “The perfect balance of superior nutrition, home-style comfort, recreation, entertainment, fitness amenities and lodge security make up what Target Logistics coined ‘The Economics of Comfort.®’ Our approach results in greater productivity, lower attrition, enhanced morale and improved safety in the workplace. Our most important job is making sure that our guests are well-prepared to do theirs.” As MHProNews has learned, Target bills itself as the largest provider of workforce housing in the U. S.

(Image credit: globalregina–Canadian workforce housing)

Partners Prowling for Workforce Housing

May 10th, 2013 Comments off

According to CPExecutive, Canyon Capital Realty Advisors and Citi are partnering in a venture to acquire modular workforce housing in underserved areas across the country. Backed by $800 million, the Canyon Multifamily Impact Fund is targeting properties priced from $20 million to $90 million. “Amid increased housing costs across the United States, the need for quality workforce housing near employment centers is higher than ever,” said Dan Millman, principal at Canyon Capital. The fund will manage the properties. Harvard University’s Joint Center for Housing Studies informs MHProNews in 2001 there was a shortage of 2.4 million affordable units for low-income residents, but that number more than doubled to a 5.1 million unit shortage in 2010.

(Photo credit: PRWeb–Atco’s Pirate Cove Lodge–modular workforce housing in northern Canada)

Factory-built Housing on Science Channel

December 10th, 2012 Comments off

RVPro reports Cavco Industries, Inc. will be featured on the Science Channel’s “How it’s Made” Dec. 13 at 9 PM EST. Focusing on factory-made housing, the model displayed will have solar panels on the roof, prototype backup propane generator, recycled lumber composite decking, on-demand water heating, as well as an energy efficient heating and cooling system. Tim Gage, vice president of Cavco’s park models, cabins and specialty products says, “We see this as a great opportunity to showcase not only the quality, but the environmentally friendly nature of factory built housing.” As MHProNews knows, Cavco is the second largest producer of factory-built housing in the United States.

(Photo credit: Cavco Industries, Inc.)