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Equity LifeStyle Properties Inc. (ELS), a real estate investment trust specializing in manufactured housing communities, beat analysts' expectation for the 2009 third quarter. Thanks in part to a jump in operating revenues from properties to $123.8 million from $108.3 million during the same three months of last year, the REIT reported higher funds from operations (FFO) for the period. FFO climbed to $28.8 million, or $0.82 per share, from $22.7 million, or $0.74 per share, year over year. Analysts had expected FFO to grow only to about $0.77 per share. Income from home sales was up as well, settling at $1.5 million compared to a $0.7 million loss in 2008 third quarter. For the upcoming quarter, ELS is expecting FFO somewhere between $0.60 and $0.70 per share, in line with analysts' predictions of $0.66 per share. For fiscal year 2010, the company's preliminary forecast calls for FFO of $3.39 to $3.59 per share and growth of 1 percent to 1.5 percent in core property revenue compared to 2009. After the financial results were announced on Oct. 19, the REIT's shares rose by $0.65 to close day trading at $45.11.

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From "LifeStyle Properties Q3 Earnings Rise; Tops Estimates; Provides Preliminary Guidance for FY10" RTTNews (10/19/09)

Daily Business News Briefs

Manufactured Housing Institute’s National Modular Housing Council reports d…

Manufactured Housing Institute’s National Modular Housing Council reports dip in Q1 Modular Home shipments

As part of the ongoing mixed signals from the factory built housing market, the Manufactured Housing Institute’s (MHI) National Modular Housing Council (NMHC) reports that 2,763 new MODs were shipped during the first quarter of 2015 in the states where they track shipments. That is a 3.9% decline over the same period in 2014. There […]...

29 Jun 2015

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Greek Banks Closed, PR’s Gov says can’t pay debt, Dow Plunges and MHCV shed…

Greek Banks Closed, PR’s Gov says can’t pay debt, Dow Plunges and MHCV sheds 3½%

The markets took their biggest hit in about 2 years, as the crisis in Greece grows with the limiting of ATM withdrawals over the weekend, and bank closures today. Closer to home, Puerto Rico’s $72 billion dollar debt may also be at risk, per words spoken by their own governor. There are those who say […]...

29 Jun 2015

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Experts Compare Manufactured Homes to Apartments and Conventional Houses

Experts Compare Manufactured Homes to Apartments and Conventional Houses

Jon Johnson is a senior service technician who has years of experience with a number of property management firms in the multi-family housing industry. Inspector Tim Bunch has inspected literally thousands of houses over the years, including new construction, existing resales and manufactured homes. These two distinct video interviews each reveals...

29 Jun 2015

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Another Attempt by Locals to regulate Manufactured Homes may violate Federa…

Another Attempt by Locals to regulate Manufactured Homes may violate Federal Law

Melonie Roberts of the Monett Times  informs MHProNews of another incident of a troubling trend where local jurisdictions are attempting – perhaps out of ignorance – to regulate manufactured homes in a fashion apparently contrary to federal preemption. Pierce City, MO “Aldermen also approved an ordinance governing the age of mobile ho...

29 Jun 2015

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Manufactured Housing’s Sunday Morning Weekly News Recap June 21-28, 2015 ad…

Every week, the ‘history’ of modern manufactured and modular housing is passing before the eyes of our readers here. We cover some mainstream housing news too, when it ought to be of keen interest to those in some aspect of factory-built housing. Our web reports tell us there are those who are faithfully on our […]...

28 Jun 2015

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Analysts Give Manufactured Home Community giant ELS Thumbs Up

NASDAQ.com published the following on Friday about manufactured home community sector giant, Equity Lifestyle Properties (ELS). “In trading on Thursday, shares of Equity Lifestyle Properties Inc’s 6.75% Series C Shares (Symbol: ELS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6875), with shares c...

27 Jun 2015

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Richard W. Florea named President and CEO of Skyline Corporation, Manufactu…

Richard W. Florea named President and CEO of Skyline Corporation, Manufactured/Modular Home Builder

ELKHART, IN., June 25, 2015. Skyline Corporation (NYSE: SKY) announced their Board of Directors named Richard W. Florea as President and Chief Executive Officer and appointed him to the Board of Directors effective July 27, 2015.  The company also stated that Bruce G. Page who previously was President, Chief Executive Officer and a Director is...

26 Jun 2015

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Manufactured Housing Composite Value Rose, Tracked Stocks Closed Mixed

Manufactured Housing Composite Value Rose, Tracked Stocks Closed Mixed

Marketwatch’s  Michael Gayed asks; are investors living in the eye of the storm? “There are some things you learn best in calm, and some in storm.” – Willa Cather. Greece, domestic and other international matters have created a volatile mix for the market, but today there was relative calm. Meanwhile, the Yahoo Manufactured...

26 Jun 2015

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Another New Manufactured Home Community Plan Advances

Another New Manufactured Home Community Plan Advances

BLOOMINGTON — There is an emerging trend in various parts of the nation, where new manufactured home communities are being authorized by zoning officials and are being built. One of these examples is in Bloomington, IL, where the Pantagram’s  Maria Nagle tells MHProNews that a site plan for a new manufactured home community near G.J. [&...

26 Jun 2015

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High Dollar Community Closure Looms for Buena Vista Mobile Home Park

High Dollar Community Closure Looms for Buena Vista Mobile Home Park

San Jose, California – The closure of Buena Vista Mobile Home Park draws closer. Given the impact on 400 low income residents, Santa Clara County supervisors voted Tuesday to offer $6.5 million tied to a similar commitment from the city of Palo Alto, CA. “Time is of the essence,” said Supervisor Joe Simitian was quoted […]...

26 Jun 2015

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Tax Bills Mailed for Manufactured Homes in Ohio

Tax Bills Mailed for Manufactured Homes in Ohio

MHProNews has learned from timesleader of Martins Ferry, Ohio that Harrison County Treasurer Vicki Sefsick announced all real estate and manufactured home bills for the county for the second half of the 2015 toax season have been mailed to those who own property or manufactured homes. The county seat, Cadiz, is located in east central […]...

26 Jun 2015

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Featured Articles and Reports - June 2015 Vol. 6 No. 9

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The Post That Should Not Need to be Written

The Post That Should Not Need to be Written

by Nadeen Green, JD Recently I had the opportunity to speak at the Fair Housing Matters conference in Nashville, Tennessee, hosted by the Tennessee Fair Housing Council, a private, non-profit organization... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Tornado Safety – Photos that tell you to 'have a plan' for your Community

Tornado Safety – Photos that tell you to 'have a plan' for your Community

by Kathleen M. Bianculli, CIC It’s tornado season and a great time to look at your community’s plan for both tenants and employees. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Senator Joe Donnelly on Preserving Access to Manufactured Housing – S 682 &…

Senator Joe Donnelly on Preserving Access to Manufactured Housing – S 682 & HR 650

by Senator Joe Donnelly and others Editor's Note: Senator Joe Donnelly and his team provided the following for-the-record response to MHProNews' recent inquiry about manufactured housing related finance issues. NSP_READMORE

FINANCING

Letter to Tony Kovach from Midwest Manufactured Housing Federation and the …

Letter to Tony Kovach from Midwest Manufactured Housing Federation and the Louisville Show Committee

by Ron Thomas, Sr. Dear Tony, I want to thank you for your exceptional work in promoting and providing educational seminars these last 5 years for the Louisville Show. NSP_READMORE

FINANCING

A Nation of Renters...or Home Buyers?

A Nation of Renters...or Home Buyers?

by L. A. “Tony” Kovach The quarter-full glass in front of you is begging to be filled. The growing demand for rental housing – and spiking rental rates – are crying... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Home Lenders at the Tunica Manufactured Housing Show Sound Off

Manufactured Home Lenders at the Tunica Manufactured Housing Show Sound Off

by L. A. “Tony” Kovach The recent Tunica Show brought about an amazingly rapid move from the prior location at the now closed Harrah's site, to what the planned location at... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Mobile Homes and Trailer Houses Are Dead …and have been for nearly 40 years

Mobile Homes and Trailer Houses Are Dead …and have been for nearly 40 years

by Victor Frost Every day our phone rings, or a customer walks into the Home Center, and they utter the words that are cringe worthy; “We want some information on your... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Small is Better … If it’s Beautiful

Small is Better … If it’s Beautiful

by Bob Vahsholtz There’s a bit of flak flying around about RV makers encroaching on our turf. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Don Glisson, Jr – CEO Triad Financial Services on Dodd-Frank, HR 650 S 682 …

Don Glisson, Jr – CEO Triad Financial Services on Dodd-Frank, HR 650 S 682 and Manufactured Housing Financing

by L. A. “Tony” Kovach The comments that follow are the 'full length' comments shared by Triad Financial's Chairman and CEO, Don Glisson, Jr.. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Rural Living – Returning to Exurban America?

Rural Living – Returning to Exurban America?

by Matthew Silver Before the meltdown of the housing market in 2008, metro areas lost 1.6 million people as the call of more wide open spaces, sprawling subdivisions and available mortgage... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Does it Matter what we call them? Mobile Home, Manufactured Home...?

Does it Matter what we call them?   Mobile Home, Manufactured Home...?

by Lea Anne Somerville Home, Sweet, Home. Home is where the heart is. A house is just a house until we move inside, ahhhh, then it becomes a home. What is... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Housing By State and By the Numbers

Manufactured Housing By State and By the Numbers

by L. A. “Tony” Kovach In this 'State of the Manufactured Housing Industry' June 2015 issue, we are looking at a wide range of facts and figures, all of which should... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Scott Roberts – Roberts Resorts and Communities – Video Insights for Manufa…

Scott Roberts – Roberts Resorts and Communities – Video Insights for Manufactured Housing Industry and Investment Professionals

by L. A. “Tony” Kovach Billions of dollars are on the sidelines chasing manufactured housing, notably in the land lease community sector. To get better insights into what's happening in MH... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Realtors ® and Manufactured Housing Growth

Realtors ® and Manufactured Housing Growth

by L. A. “Tony” Kovach There are those who have told me that 'going after' getting Realtors ® involved with a retail center or MH Community as a path to growing... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The State of the Manufactured Housing Industry

The State of the Manufactured Housing Industry

by L. A. "Tony" Kovach Manufactured housing (MH) nationally is alive and growing. Our manufacturers are producing the best homes ever. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Homes – myths, reality and potential

Manufactured Homes – myths, reality and potential

by Tim Connor, CSP For years the manufactured housing industry has fought to maintain and in many cases even establish itself as a viable alternative to site built homes. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Matthew Kelly – Energy Management - Keynote Video Clip

Matthew Kelly – Energy Management - Keynote Video Clip

by L. A. 'Tony' Kovach Matthew Kelly raises an interesting topic in this video clip. Beyond time management, what comes next? Kelly argues that the answer is 'energy management. NSP_READMORE

MANAGEMENT

ZigOn Personality

ZigOn Personality

by Zig Ziglar My dictionary tells me that personality is the "personal or individual quality that makes one person be different and act differently from another." NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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Classifieds

Press Releases

RV/MH Hall of Fame 2015 Induction Dinner…

RV/MH Hall of Fame 2015 Induction Dinner Reservations Outpace Last Year's Event

ELKHART, Ind. -- The RV/MH Hall of Fame's Induction Dinner Committee Chairman Mark Wasson (Bluelinx Corporation), reports reservations for the induction dinner honoring the Class of 2015 are running ahead of last year's reservations.  Wasson said, "As of early June 15th more than 153 friends and family of the inductees have registered which is ahead of last year's record pace of registrations." In addition to these reservations, Golf committee chairman Trey Miller is signing up foursomes for the 2015 RV/MH Hall of Fame Golf Classic.  So far 11 companies and individuals have signed on as sponsors for the dinner and golf, according to Darryl Searer, president, RV/MH Hall of Fame (Hall). This year's RV/MH Hall of Fame's annual Induction Dinner will be held on August 3, 2015, at the Hall of Fame's Event Center...

the MHMSM Team 16 Jun 2015 Corporate Press Releases

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RV/MH Museum Unveils Historic Shasta Exh…

RV/MH Museum Unveils Historic Shasta Exhibit

ELKHART, Ind. -- The RV/MH Hall of Fame and Museum's newest exhibit features a retrospective on the evolution of the iconic Shasta brand of travel trailers, according to Darryl Searer, president, RV/MH Hall of Fame (Hall).  The display includes a 1954 Shasta that's been in the museum's inventory for years and a 2015 reissue of a 1961 Shasta Airflyte 16sc, courtesy of Mick Ferkey, owner of Greeneway RV, Wisconsin Rapids, Wisconsin, and a member of the RV/MH Hall of Fame board of directors. While the reissue of a 1961 Shasta Airflyte 16sc has the look and style of the 1960s model, it is fully equipped with modern features and appliances, including a full bath. Searer noted, "Shasta has a rich heritage and is the industry's longest producer of RVs.  The brand has been...

the MHMSM Team 19 May 2015 Corporate Press Releases

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Dodd-Frank and Manufactured Home Financi…

Dodd-Frank and Manufactured Home Financing: The Place Where Good Intentions and Unintended Consequences Collide

"The path to home ownership lay before him, smooth and attainable as never before. All Eric Powell had to do was secure a small loan. He had a steady job, a decent credit score and a wife who happened to work for a bank: What could possibly go wrong?" WASHINGTON, D.C. -- The U.S. Senate Banking Committee will take up a measure that may determine whether millions of low- to moderate-income consumers will be able to buy or sell modestly priced homes. The Preserving Access to Manufactured Housing Act (HR 650 and S 682) addresses the unintended consequences of the Dodd-Frank Act, passed to protect consumers in the wake of the subprime mortgage crisis. According to former Congressman Barney Frank, the act's co-sponsor, Dodd-Frank was never intended to apply to manufactured housing. Yet the...

the MHMSM Team 19 May 2015 Corporate Press Releases

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10,000th home made secure and affordable…

10,000th home made secure and affordable through resident ownership movement

For Immediate Release May 1, 2015 Contact: Paul Bradley, President, ROC USA, LLC (603) 848-3254 CONCORD, N.H. — In less than seven years, ROC USA® has built on a proven strategy of resident ownership in New Hampshire manufactured home communities and scaled it across the country, transforming communities and building a network of 10,000 secure and affordable homes with partners in 14 states. ROC USA is a nonprofit social venture dedicated to making quality resident ownership of manufactured home communities (aka “mobile home parks”) possible nationwide. It works to provide democratic homeowner organizations with the opportunity, training and financing to purchase and manage their communities. Founding President Paul Bradley said ROC USA strengthens the local ownership of communities with the scaled resources and efficiencies of a national organization, coupled with the regional support of a...

the MHMSM Team 04 May 2015 Corporate Press Releases

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RV/MH Heritage Foundation Acquires Manuf…

RV/MH Heritage Foundation Acquires Manufactured Home on Display at the RV/MH Museum

ELKHART, Ind., - Thanks to several generous donations, the manufactured home on display at the RV/MH Hall of Fame and Museum in Elkhart, Indiana, is now owned by the RV/MH Heritage Foundation (Foundation), according to Foundation President Darryl Searer.  The home was originally erected and donated by Fairmont Homes for a period of one year for the purpose of showing visitors to the museum the evolution of mobile homes of the early to mid-20th century to today's modern affordable manufactured homes.  Since it was opened to the public in late 2013 it has been toured by thousands of visitors to the museum. As the clock was counting down to the end of the year when the home would have been removed by Fairmont Homes, Jim Shea, president of Fairmont Homes, offered to let the Foundation acquire...

Soheyla Kovach 01 Mar 2015 Corporate Press Releases

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FREE Educational Seminars Are Scheduled …

FREE Educational Seminars Are Scheduled for the  2015 Tunica Manufactured Housing Show!

These seminars were a major HIT at the 2015 Louisville Manufactured Housing Show. MHPros from Coast to Coast and Canada came... ...they praised the practical information for their businesses. We expanded seminar room space 30%, and still filled it! Come see why... Wednesday March 25th, 2015 Wednesday 8:30 AM to 9:45 AM. Lisa Tyler from Walden University and other MH Experts will be speaking on reasons why Realtors ®, investors, MH veterans and other housing professionals should be joining the ranks of profitably advancing America's most affordable new home construction. Opportunities in Modern MH. This will be a fast paced panel presentation, with Q&A planned. Wednesday 10 AM – 11 AM. Super-Charged Marketing! Dominate your area with savvy Marketing! Learn how to sell more homes and how MHCs can fill more vacant sites. Attract more customers with cash and good credit....

the MHMSM Team 25 Jan 2015 Corporate Press Releases

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