Industry News
Champion News
Champion Enterprises Announces Acquisition of North American Housing
$32 Million Acquisition of North American Adds to Champion's Growing Modular Market Share
Champion Enterprises, Inc., a leader in factory-built construction, announced today that it has completed the acquisition of Maryland-based North American Housing. The debt-free transaction is valued at $32 million in cash and will be immediately accretive to Champion's results.
Champion Enterprises Reports Second Quarter 2006 Results
Revenues increase 17 percent, driven by 62 percent increase in modular sales, despite weaker manufactured housing order rates and declining backlogs. Deferred tax assets reinstated on historical profitability and favorable outlook.
Champion Enterprises Names William C. Griffiths Chairman and Adds Two Directors to Its Board
New Directors Thomas Madden and David Weiss Add International, Homebuilding and Further Financial Expertise
Champion Enterprises Acquires Highland Manufacturing from Norwest Equity Partners
$23 Million deal adds to Champion's growing modular market share Expands Champion's presence in the north central United States
Champion Enterprises to Acquire Caledonian Building Systems
$110 Million Deal Boosts Champion's Presence in International and Commercial Modular Market Steel-framed Construction Capability a Significant Product Enhancement
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Consumer News
Homemaker Buyers turn to manufactured house
While some Californians are fleeing the Golden State in search of more affordable housing, others lured to the beauty and great weather of Ventura County are turning to an alternative.
7 On Your Side: What You Should Know Before Buying A Manufactured Home
Allison Wells thought she'd never see her $1000 deposit again. Money she gave to now defunct Pleasant Homes in hopes of owning a manufactured home.
Financing Your Manufactured Home
There Are More Options Than You Think
Financing your manufactured or modular home isn't as difficult as you might think. You may be surprised to see the variety of loan options available. Your retailer can help arrange financing for your new home, or if you prefer, you may contact a lender of your choice.
Encinitas considers how to control price
Chris Carbonel and Jerry Abels are residents at The Sands, which is fighting its owner to keep rents affordable. Some residents are trying to buy their spaces.
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Industry News
Champion Home Builders Named Harnett County's Industry Of Year At Appreciation Event
A manufactured home company has won the Harnett County Industry of the year award for 2008.
Mortgage Crisis Creates Demand for Mobile Homes
While the mortgage industry gets a bail out, many people who lost their homes due to foreclosures find a cheaper way to keep a roof over their heads.
Patrick Industries Reports Increased Earnings and Sales
Operating gains drive best second quarter and six-month results since 1999
Patrick Industries, Inc. , today announced its net earnings more than quadrupled on a 20 percent increase in net sales for the second quarter ended June 30, 2006.
Drew Industries Reports Record 2006 Second Quarter
Increased Sales in RV and Manufactured Housing Segments Lead to 18% Gain in Profits
Drew Industries Incorporated today reported its net income increased 18 percent on a 24 percent increase in net sales for the second quarter ended June 30, 2006.
Lambert-Edwards RV & Manufactured Housing Investor Conference to Feature Leading Suppliers and Manufacturers
Conference to Highlight Growth Prospects of Two Rebounding Sectors
A group of the leading emerging growth companies from the recreational vehicle and manufactured housing industries will present at the Lambert-Edwards RV & Manufactured Housing Investor Conference on June 8, 2006 in New York City.
Sun Communities, Inc. Reports Second Quarter 2006 Results
Sun Communities, Inc. , a real estate investment trust (REIT) that owns and operates manufactured housing communities, today reported second quarter results.
$12M manufactured-home factory planned for Skagit Valley
A $12 million, 132,000-square-foot facility to build manufactured homes is being planned in Skagit County.
HUD's Study OK's Homes for Coasts
Acomparison by the Housing and Urban Development department has shown that HUD Code homes built to Wind Zone III specifications are equal in strength to site-built homes that withstand 130 mph winds.
'Affordable' homes planned for Fort Pierce
Northwest Fort Pierce could see its first wave of "affordable" new housing introduced by a private developer as early as next week.
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