Following a story MHProNews.com last posted on Jan. 1, 2014 regarding a modular housing apartment building planned in Estevan, Saskatchewan, Canada, placement of the first module occurred March 13, and by Mon., March 17, 75 percent of the 55-unit, four-story Marisa Condos was in place. The modules are trucked up …
Investors jumped back into stocks after slinking away in yesterday’s trading following Federal Reserve’s chief Janet Yellen suggesting that interest rate hikes would begin in mid-2015. Credit Suisse expects her stance to mollify in her next public appearance. The Dow Jones Industrial Average regained 108.88 points, +0.67 percent, to end …
Dow Regains Most of Yesterday’s Loss; Patrick Ind. Slips the Most Read More
Private equity real estate investment firm Green Courte Partners, LLC announces the promotions of Chad V. Gardner and Matthew J. Pyzyk to vice president, according to prnewswire.com. Gardner joined Green Courte as a senior accountant in Nov. 2010, and in his new position as vice president and portfolio controller he …
Efforts continue to assist New Jersey residents who are still without adequate housing following Hurricane Sandy nearly 18 months ago, according to app.com. A Superstorm Sandy Housing Expo is being held in Long Branch, New Jersey, sponsored by the state Department of Community Affairs (DCA) with representatives from several housing …
Fair Market Rent Due for Sandy Survivors in Manufactured Homes Read More
Bella Vista Estates in Boardman, Oregon, with 127 homesites, has become the largest resident-owned manufactured home community (MHC) in Oregon, according to eastoregonian.com. The non-profit Community and Shelter Assistance Program (CASA) of Oregon helped the residents form the co-op and obtain the $3.15 million financing, and continues to provide technical …
Former Land Lease Community becomes Resident-Owned Read More
Insurance policy administrator Insurity, Inc. has been selected by American Modern Insurance Group to administer physical damage coverage for manufactured home (MH) dealers. According to Bill Gottsacker, American Modern’s VP, says, “Insurity has a strong reputation in the insurance industry, especially when it comes to the complexity of specialty lines …
The original geodesic Dome Home of architect Buckminster Fuller in Carbondale, Illinois, listed in 2006 on the National Register of Historic Places, will be restored and preserved beginning with a ground-breaking ceremony April 19 to initiate the project. Made of 60 wood triangle panels by the Pease Manufacturing Company of …
Buckminster Fuller’s Original Modular Home being Restored Read More
Stocks took a tumble following Janet Yellen’s first meeting of the Federal Reserve after she said the Fed’s stimulus program would likely end by the fall, and a hike in interest rates may arrive next year. The Dow Jones Industrial Average slumped, falling -114.02 points, -0.70 percent, to end the …
Deer Valley Spikes, Equity LifeStyle Slips, Dow Drops Read More
Santa Ana, California’s Hart King law firm will present their annual briefing on operating manufactured housing communities (MHCs) Thurs., March 27, 2014 at the DoubleTree Club by Hilton in Santa Ana beginning at 9 AM. The panel of attorneys versed in MHC affairs will discuss the American Disabilities Act (ADA) …
Manufactured Home Community Legalities on Tap at Briefing Read More
Following a story MHProNews.com first posted March 3, 2014 regarding the condemning and shuttering of Life O’Riley Mobile Home Park in Lansing, Michigan by the Ingham County Health Department, State Rep. Andy Schor (D-Lansing) plans to introduce legislation to give local authorities more control over manufactured home communities (MHCs). Currently, …
Legislation will Give Cities more Control to Manufactured Home Communities Read More
A request for special permission to site a recreational vehicle (RV) on private property in San Angelo, Texas for one year was approved by the town’s city council. Jesus Tellez says he wants to live in the RV while he builds a house on the same property, according to sanangelolive.com. …
The Reseda Mobile Estates in California has been acquired by Anaheim, CA-based Reseda mhp Associates LP for $13.1 million. According to Briana Barbier of Marcus & Millichap, who represented the seller, the 108-site manufactured home community “is a stable, well-maintained community that provides affordable housing in the expensive, high-demand San …
The Calaveras County Community Corrections Partnership (CCP) in California is a collaboration of the county sheriff’s office, the district attorney and the probation department in an attempt to ease overcrowding in the state prison system and send qualified offenders back to their home counties for supervision. Many who return become …
Modular Transitional Housing for Offenders Suggested Read More
U. S. stocks were significantly higher for the second straight day as tensions in the Ukraine faded slightly from the concern of investors, sending the Dow Jones Industrial Average up 88.97 points, +0.55 percent, to end the day at 16,336.19, according to CNNMoney. The Nasdaq moved up +53.36 points, +1.25 …
The National Association of Home Builders (NAHB)/Wells Fargo index of builder confidence rose to 47 in March from a reading of 46 in February. The gauge measures builders estimates of how the housing market is performing as it reflects the rising demand for new homes. Even as the traditional spring …
Referring back to a story MHProNews.com published March 17, 2014 regarding the new housing reform finance bill being discussed in the Senate Banking Committee, Credit Suisse AG says it will only cover losses after private capital bears the first ten percent, which will lead to more expensive mortgages. The proposal …
Housing Finance Reform Addendum; Lender Adds Manufactured Housing as Eligible Read More
MHProNews.com has learned that Canada’s Killam Properties, Inc. has chosen Ms. Karine MacIndoe to serve as a director of the corporation. Chosen for her experience in finance, capital markets and real estate, she is currently an independent consultant but previously worked for BMO Capital Markets, NM Rothschild & Son and …
Although the town of Loyall, Kentucky in the southeastern part of the state has 20 manufactured homes (MH), no more can be added until the state legislature passes a law requiring counties to hire building inspectors, from what harlandaily.com reports. That position has not been filled locally in 13 years. …
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition is now complete. Acquired through its wholly-owned subsidiary, Lippert Components, Inc., the $12.3 million purchase was made from the company’s $75 million …
Investors were unfazed by the mounting tension between the U. S. and Russia over Ukraine, as the Dow Jones Industrial Average jumped 180.65 points, +1.12 percent to end the day at 16,247.22, according to CNNMoney. The Nasdaq moved up +34.55 points, +0.81 percent, to finish at 4,279.95, while the S&P …
