Posts Tagged ‘Wisdom Homes’

Sunday Morning Recap–May 24, 2015 to May 30, 2015

May 31st, 2015 Comments off

Sunday_morning_recapThe U. S. news this week was dominated by the flooding that ravaged Texas, leading to the loss of some 30 lives, 4,000 damaged homes and millions of dollars in damages. In manufactured housing news, residents at an MHC threaten to move because of high utilities, UMH acquires another MHC, one town unsure of MH ordinances, an NC county demolishes abandoned MHs, an MHC in WA is closing, Florida refurbishes old MH for homeless, and Wisdom Homes offering land/home deal. In stocks, the MHCV gained most of the week while two Drew principals unloaded shares, and Patrick splits stock. Modular is growing in Europe, on U. S. tribal lands and to house homeless. Former Ginnie Mae head cautions about dismantling the GSEs, while skeletons rattle in Sen. Warren’s closet as GA Senator tries to harness CFPB.

Saturday, May 30, 2015

Recyclable Mini House Assembles in Two Days

Friday, May 29, 2015

Another Drew Principal Unloads Stock

Factory-built Homes more Prevalent in Scandinavia and Japan

MHCV Moves Up; Dow, Nasdaq, S&P 500 Move Down

Manufactured Home Community Residents Balk at Utilities Increase

Modular Homes Constructed on Tribal Land

Senator Elizabeth Warren Flipped Houses

Thursday, May 28, 2015

Tiny Homes for the Homeless

MHCV Outpaces the Dow; Most Tracked Stocks Gain

UMH Continues Expansion Plans

Pending Home Sales Continue Rising

Plans for Modular Housing Moving Forward

ATRM Projects Improved Operations from its Modular Production

Wednesday, May 27

County Receives Funding to Demolish Abandoned Manufactured Homes

City Undecided about Manufactured Home Ordinance

MHCV, most Manufactured Housing Stocks Advance in Today’s Trading

Wisdom Homes Offering Land-Home Package Deal for Manufactured Homes

Idle Wheel Mobile Home Park Rolls to a New Owner

Before you Dismantle Fannie Mae, Freddie Mac and Ginnie Mae………

Tuesday, May 26

Modular Smart Home Controlled by Smart Phone

Patrick Industries Finalizes Acquisition of Structural Composites

Dow, Nasdaq, and S&P 500 Tumble on Fears of Rate Hike

Georgia Senator Introduces Measure to Harness CFPB

Manufactured Home Owners have One Year to Move

Monday, May 25

Modular Containers Spreading to Multiple Uses

Manufactured Housing Component Supplier Patrick Splitting Stock

Old Manufactured Homes and Tiny Homes address the Florida Homeless

U. S. Stock Markets Closed Today

Drew President Unloads Shares

3D Structure offers Quick and Economical Assemblage during Catastrophe ##

(Image credit: MHProNews)

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

Sunday Morning Recap – February 1, 2015, to February 6, 2015

February 8th, 2015 Comments off

sunday-morning-weekly-manufactured-home-pro-news-recap-1-4-to-1-10-2015-mhpronews-com-It’s Sunday morning and time to review the news and stories that appeared on MHProNews during the past week. There are several announcements concerning manufactured housing related companies and other stories that try to predict what is going to happen to the housing industry in the coming year. And, there is a heartwarming story about a Vietnam veteran who received another manufactured home after the one he had been living in was destroyed. There’s also a new manufactured home community springing up in eastern Tennessee.  So, have another cup of coffee and read on!

Friday, February 6, 2015

Dow and MHCV Values Dip Slightly

Bill to Create Low-Income Manufactured Housing Communities in Hawaii Advances

Request for Manufactured Home Denied After Public Hearing

Skyline Decides to Remain Independent to Continue Recent Successes

Will the REIT Rally Continue?

Multi-family Housing to Remain Strong in 2015 Says IBS Panel

Thursday, February 5, 2015 

Dow and Oil Stock Go Up, MHCV Values Go Up Slightly

HUD Again Denies Collective Industry MHCC Representation

Adjusting Living Spaces to Accommodate Older Homeowners

Sales of New Homes Increased in January and Expected to Continue

Hud Announces Members of Manufactured Housing Concensus Committee

Wednesday, February 4, 2015 

Florida Vietnam Veteran Receives Free Manufactured Home

Dow Goes Up as Oil Drops 9%; MHCV Values Go Up Slightly

New Manufactured Home Park in Tennessee Being Offered by Enterprising Couple

Wisdom Homes Announce New Development on Texas-Oklahoma Border

Oceanside Homeowners Protest Community Owners’ Actions

Tuesday, February 3, 2015

Dow Surges Triple Digits as Oil Jumps to 2015 High; MHCV Values Went Up Slightly

2014 Ends with Good News! MH Production in December Increased 18%

Bipartisan Bill to Preserve Access to Manufactured Housing Introduced in the House

Commissioners Lift Ban on Single-Section Manufactured Homes

Are You Missing Opportunities to Reach Qualified Buyers?

Monday, February 2, 2015 

The Dow Went Up Today as MHCV Values Dipped Slightly

Cavco Industries Reports Positive Fiscal 2015 Third Quarter Results

New Rules Evoke Fear and Anger from Residents and Owners of Manufactured Home Communities in Idaho

Transforming Old ‘Trailer Park’ Into New Factory-Built Community

Affiliated Managers Group Price Target Raised to $235.00

MHARR Questions Need for New “Energy Task Force”

Sunday, February 1, 2015 

Sunday Morning Recap – January 25, 2015, to January 30, 2015


SearchCore – Wisdom Homes Announce Results

January 13th, 2015 Comments off

searchcore-wisdom-homes-tyler-texasSearchCore, Inc. (OTCQB: SRER), a manufactured housing retail center owner and operator with retail centers through its wholly owned subsidiary, Wisdom Homes Of America, Inc., announced a year-end  business update for the 2014 fiscal year.

GlobeNewswire  tells MHProNews that the publicly-traded company’s accomplishments in 2014 include:

  • Opening four new Manufactured Home retail centers in Texas.
  • Quarterly revenues of $50,000 and $350,000 in Q2 and Q3, respectively, and anticipate exceeding $700,000 in Q4.
  • Increasing the company’s model home inventory to 22.
  • Establishing a $200,000 Special Purpose Fund to provide customers access to short-term bridge financing.
  • Creating non-traditional and alternative mortgage programs and “In-house” financing options.
  • Establishing a $200,000 Spec Home Fund, providing home owners with land/home packages.

The company’s stated objective isto become the largest independent manufactured home retailer in the U.S. by opening 30 retail centers in Texas and surrounding states during the next 60 months and thereby meeting the significant growing demand for quality, affordable, residential housing in our respective markets.”  A previous report on Wisdom Homes is linked here. ##

(Photo Credit: Wisdom Homes)



Article Submitted by Sandra Lane to – Daily Business News- MHProNews.




SearchCore’s Wisdom Homes of America announces Q3 2014 sales

October 10th, 2014 Comments off

searchcore-logo-parent--company-wisdom-homes-posted-daily-business-news-mhpronews-Wholly owned SearchCore Inc. subsidiary Wisdom Homes announced sales of $351,500 generated by the sale of manufactured homes in Q3 2014. This was a milestone quarter for the Company because it was our first quarter having our Tyler, Texas retail center fully operational. Inventory arrived in early August allowing us to close transactions and post sales in the second half of the quarter, said President of Wisdom Homes Of America, Mr. Brent Nelms.

“As our sales of manufactured homes increase, we are eager to receive our next shipment of inventory do to arrive in early November which will enable us to continue our growth in the coming months,” commented CEO, Jim Pakulis.

GlobeNewswire tells MHProNews that Tyler, Texas based SearchCore was founded in 2010, but as longtime readers know, the firm’s initial focus was internet based, as their name implies. Their manufactured housing retail operation results reflect a start up in the manufactured housing retail sector; but it should be noted that Nelms and his family have long ties in the factory built housing industry. SearchCore’s common stock trades on the OTCQB, under the ticker symbol “SRER.” ##

(Image credit: SearchCore logo)