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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

Louisiana Pacific Gains Most in Two Consecutive Trading Days

Louisiana Pacific Gains Most in Two Consecutive Trading Days

In the news from CNNMoney: 3,500 oilfield workers in Williston, North Dakota have been laid off as oil prices drop. China runs four of the world’s largest five banks. CVS stopped tobacco selling and general merchandise sales fell nearly eight percent, same store basis. Ford uses over 31,000 soy beans in each car, replacing petroleum […]...

04 Aug 2015

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Drew Sales Gained in Q2 2015 over Same Period 2014

Drew Sales Gained in Q2 2015 over Same Period 2014

For the second quarter 2015, sales at Drew Industries, Inc. (NYSE:DW) gained 13 percent over Q2 2014 to $362 million, one million over the first quarter to set a record, producing net income of $20.9 and earnings per share of $0.85, although short of consensus expectations of $0.93 per share. Investors had also hoped for […]...

04 Aug 2015

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Nigeria Using Modular Methods to Construct Inexpensive Housing

Nigeria Using Modular Methods to Construct Inexpensive Housing

MHProNews has learned from thisdaylive that Alpha Mead Development Company (AMDC) has announced its plans to lower the entry level for middle income home buyers in Nigeria, using a modular building system. AMDC is one of the Strategic Business Units of Facilities Management Company, Alpha Mead Facilities & Management Services Ltd...

04 Aug 2015

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Modular Container Home built Inexpensively

Modular Container Home built Inexpensively

A couple in Costa Rica wanted to build a home inexpensively on their land outside San Jose, the capitol, and hired architect Benjamin Garcia Saxe, who transformed two 40-foot shipping containers into a 1,075 square-foot modular home for $40,000. Named Containers of Hope, Saxe stated, “The key factor was cost, which allowed them to take […]...

04 Aug 2015

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Virginia Manufactured Home Shipments similar to 2014

Virginia Manufactured Home Shipments similar to 2014

MHProNews has learned from the Virginia Manufactured and Modular Housing Association (VAMMHA) the state statistics for manufactured home (MH) shipments for June 2015 were comparable for June 2014. Last year, VA had 88 MH shipments—38 single-section, 50 multi-section—for a total of 139 floors versus 88 MH shipments this June—40 single-section, 48 mu...

03 Aug 2015

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Deer Valley Plummets; MHCV Slips to 974.2

Deer Valley Plummets; MHCV Slips to 974.2

In the news from CNNMoney: President Obama’s climate control proposal drags down energy stocks. Puerto Rico is in default. Greek bank shares drop 30 percent as markets re-open. United Nations reports marijuana use is on the rise in U. S. Half of Americans are saving 5% or less of their income, including 18% that are […]...

03 Aug 2015

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Manufactured Home Numbers Remain Stable in North Carolina County

Manufactured Home Numbers Remain Stable in North Carolina County

In response to a question posed by a reader of citizen-times in Asheville, North Carolina, MHProNews has learned Buncombe County, the county seat where Asheville is located, has 20,681 manufactured homes with a tax value of $476.7 million. Writer John Boyle said the number has not changed much from 2004 when, according to the Buncombe […]...

03 Aug 2015

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Florida Realtor expects Baby Boomers will Drive Manufactured Home Sales

Florida Realtor expects Baby Boomers will Drive Manufactured Home Sales

Port Orange, Florida’s Triangle Realty has managed to survive nearly 30 years of the economy’s up and downs by diversification. Owner Bob Marandino deals in manufactured homes (MH), residential sales and condos and property management, according to news-journalonline. “When one area is down another is up. We’ve been successful and str...

03 Aug 2015

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House Measure would Replace older Manufactured Homes with New Ones

House Measure would Replace older Manufactured Homes with New Ones

Representative Keith Ellison (D-MN) introduced H. R. 3275 on July 29, 2015 to authorize the Secretary of Housing and Urban Development (HUD) to issue funding to owners of manufactured homes for the replacement of those homes with Energy Star-rated manufactured or modular homes, as MHProNews has learned from popvox. According to wikipedia commons,...

03 Aug 2015

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Sunday Morning Recap-Manufactured Housing Industry News July 26-Aug. 2, 201…

What’s New in public focused Manufactured HomeLivingNews.com Art Linkletter and Manufactured Housing today Maintaining Quality and Strength While Saving Homebuyers Money – Inside MH Video with Mike Stone, part 2 What’s New in Manufactured Housing Industry Professional News Texas city lifts ban on MH after show of strength by industry pros. Ta...

02 Aug 2015

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New Featured Articles on MHProNews.com go live by Sunday morning

New Featured Articles on MHProNews.com go live by Sunday morning

Just in time for your Sunday morning coffee and weekly industry news recap, the new August 2015 issue of new featured articles will be live on the MHProNews.com home page. As usual, timely reports by experts, industry-focused videos, interviews, financing with the new appraisal rule, proven business building tips and more will be featured. Until...

01 Aug 2015

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Featured Articles and Reports - August 2015 Vol. 6 No. 11

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Piketty Vs. Rognlie: Land Use Restrictions Inflate Housing Values, Drive We…

Piketty Vs. Rognlie: Land Use Restrictions Inflate Housing Values, Drive Wealth Concentration

by Chuck DeVore Thomas Piketty in “Capital in the Twenty-First Century” frets that wealth inequality will grow because capital’s share of income will grow faster than the economy. Thus, the “1... NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Doctor, lawyer…Indian Chief? Does a Community, Company, Product or Service…

Doctor, lawyer…Indian Chief?  Does a Community, Company, Product or Service Name Create Risks?

by Nadeen Green, JD In my role as Senior Counsel with For Rent Media Solutions™ I actually have more job responsibilities than my (favorite!) role as “Fair Housing Lady. NSP_READMORE

COMMUNITY MANAGEMENT & FAIR HOUSING (LEGAL)

Experience and Innovation - Our Industry Needs Both!

Experience and Innovation - Our Industry Needs Both!

by Tom Fath The MH Industry was originally built by entrepreneurs with a dream. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Texas Town Reverses Decision, Votes to Allow Manufactured Housing

Texas Town Reverses Decision, Votes to Allow Manufactured Housing

by Matthew Silver In a July 9, 2015, MHProNewsDaily Business News (DBN) post, the city council of Huntsville, Texas was set to prohibit manufactured homes (MH) from being sited within the city... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Questionable FEMA “Request For Information” Regarding Standardization Of Ma…

Questionable FEMA “Request For Information” Regarding Standardization Of Manufactured Housing Floor Plan Designs

by M. Mark Weiss, JD Attached for your information and review is a copy of a self-explanatory MHARR communication to Federal Emergency Management Agency (FEMA) Administrator W. Craig Fugate regarding a FEMA “Request... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Homes + Communities – “An Incredible Message” – Inside MH Vide…

Manufactured Homes + Communities – “An Incredible Message” – Inside MH Video with John Caron

by L. A. “Tony” Kovach We'll let John Caron - whom we interviewed for this episode of Inside MH – tell you about his significant history in manufactured housing, MH Communities... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

How to Track Your Online Reputation

How to Track Your Online Reputation

by Wayne Coakley Misinformation and rumors about your MH business can dominate search engine results. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

New Manufactured Home Charity Launched

New Manufactured Home Charity Launched

by Katie Hauck MHGives, the new manufactured housing industry charity, is designed to bring together people with business skills and expertise to make a difference in the lives of children around... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Manufactured Housing and Achieving Net Zero

Manufactured Housing and Achieving Net Zero

by Steven Lefler Since 2010, Modular Lifestyles has been seeking to build and prove that affordable manufactured homes can reach "Net Zero" quicker than site-built homes in CA. One of our... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

The Lights Are On, But You're Not Home?!?

The Lights Are On, But You're Not Home?!?

by Ron D'Ambra When I first started in code enforcement for our industry, I was handed a desk copy of the "Manufactured Home Construction and Safety Standards,” known as Part 3280,... NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

New and Updated Websites for Manufactured Housing – 4 Ways to Make them Pay

New and Updated Websites for Manufactured Housing – 4 Ways to Make them Pay

by Soheyla Kovach Besides everything else that we do, we've been building two of the most popular websites in all of manufactured housing. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Another Cup of Coffee with... – MH Industry Leaders Exclusive Interviews

Another Cup of Coffee with... – MH Industry Leaders Exclusive Interviews

Are you having A Cup of Coffee with… withdrawals this summer? Every month, there are THOUSANDS of hits on the exclusive interviews revisited below! NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

It's All About Happy Customers, Experts and You!

It's All About Happy Customers, Experts and You!

by L. A. 'Tony' Kovach If we had to summarize in a sentence a guiding principle of the Inside MH Road Show, it could start with the headline to this article. NSP_READMORE

GENERAL MANUFACTURED HOUSING INDUSTRY TOPICS

Do you have any “Emotional Deadwood” hiding out in your organization?

Do you have any “Emotional Deadwood”  hiding out in your organization?

by Tim Connor, CSP Just what is emotional deadwood? NSP_READMORE

MANAGEMENT

3 Weekly Wisdom Tips for a better life

3 Weekly Wisdom Tips for a better life

by Tim Connor, CSP Each week I share three simple truths that can help you live with faith, courage, integrity, peace, purpose and success. NSP_READMORE

PERSONAL REFLECTIONS, MOTIVATION and INSPIRATION

Upcoming Events

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Classifieds

Press Releases

CU Factory Built Lending and the new HPM…

CU Factory Built Lending and the new HPML Appraisal Rule for Manufactured Housing

Directed by the upcoming changes in the HPML Appraisal Rule effective July 18th, 2015 and driven to minimize its impact on both our business partners and consumers, CU Factory Built Lending (CUFBL) has developed our approach to compliantly reconciling manufactured home loans under the new HPML Appraisal Rule.  Our plan’s key components are: Non-Qualified Mortgages (non-QM’s) Flexible Valuation Options Business Partner and consumer friendly Compliant   Non-Qualified Mortgages CUFBL, in support of the industry and our members, has chosen to continue to offer non-QM loans. If you recall, Qualified Mortgages (QM’s) are more restrictive in the debt ratio allowed, in the amount of points and fees allowed to be charged, may have more stringent length of employment and income verification guidelines, and documentation requirements for the consumer. We feel this approach to continue to offer non-QM loans...

the MHMSM Team 17 Jul 2015 Corporate Press Releases

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NADAguides New Manufactured Home Price T…

NADAguides New Manufactured Home Price Tool Will Comply With New HPML Appraisal Rule

· NADAguides New Manufactured Home Price Tool was developed to comply with the new Higher-Priced Mortgage Loans (HPML) Appraisal Rule effective July 18, 2015 · New Manufactured Home Price Tool provides an independent third party evaluation report that can be quickly and conveniently pulled and printed from any location · Allows access to new retail prices for new 2014 and 2015 manufacturer floor plans (both HUD and Modular-Coded), including a wide variety of factory-added options · This NADAguides price tool is currently being offered as a free trial of 100 price reports (retail value of $2,100) – offer expires July 17, 2015 NADAguides.com, the largest publisher of the most market-reflective pricing and information available for manufactured homes, announces its New Manufactured Home Price Tool, which has been developed to comply with the new Higher-Priced Mortgage Loans (HPML)...

the MHMSM Team 14 Jul 2015 Corporate Press Releases

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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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