Two manufactured housing communities (MHCs) in Pleasant Prairie, Wisconsin in the southeast corner of the state may lose their licenses to operate Dec. 31, 2013 unless they correct zoning and building violations. Westwood Estates Manufactured Housing Community must remove a pile of dirt and repair a stockade fence as conditions …
Stocks were up and down during the trading day as investors tried to sort through positive economic reports and determine the direction the Federal Reserve will take, leaving the three major indexes mixed. CNNMoney reports the Dow Jones Industrial Average lost 24.85 points, -0.16 percent, to close at 15,889.77. The …
Housing Stocks we Track Moved Under One Percent Up and Down Read More
The National Association of Home Builders (NAHB) reports data from the the Department of Housing and Urban Development and the Census Bureau indicate sales of newly-built single-family homes rose 25.4 percent in October, following a drop in sales in Sept. of 6.6 percent. Both government reports were delayed by the …
Algeco Scotsman announces the acquisition of Chard Camp Catering Service Ltd., a provider of remote modular workforce housing and catering services, by its subsidiary, Target Logistics. With significant space for future expansion to accommodate steam-assisted gravity drainage operations, Chard owns and operates a 278-bed workforce camp just south of Fort …
Algeco, Modular Workforce Provider, Acquires Chard Read More
The Northwest Cooperative Development Center (NWCDC) assisted the residents at the 59-homesite manufactured home community Thunderbird in buying their community for $1.57 million, now named Whispering Pines Homeowners Co-op in Oak Harbor, Washington. Households each buy one low-cost share to become members of the co-op which gives them one vote …
Manufactured Housing Community becomes Resident-Owned Read More
The muscatinejournal.com reports Louisa County officials in Muscatine, Iowa will review regulations governing the siting of manufactured homes (MH) on rural property for people, often relatives, requiring advanced medical monitoring. The current ordinance states the MH needs to be moved after it is no longer needed. One property owner built …
Marking the 20th consecutive month of yearly increases, home prices in the U. S. increased 12.5 percent in October, compared to last year, according to CoreLogic. The worldpropertychannel reports CoreLogic’s Home Price Index, when including distressed sales, rose just 0.2 percent in October, 2013. Anand Nallathambi, president and CEO of …
When John Samples received $750,000 funneled through the Osage City City Council and the Kansas Department of Commerce in 2006 for his Kan Build modular housing business via a Community Development Block Grant (CDBG), it was considered a safe gamble. Samples was a successful businessman who had received accolades including …
Modular Housing Producer Sued for Lost Block Grant Funds Read More
Although the S&P index has gained 24 out of the last 30 Decembers, CNNMoney suggests investors may want to take a break since the index is up 26 percent this year. All three major indexes slipped in today’s trading as the Dow Jones Industrial Average lost 94.15 points, -0.59 percent, …
Tracked Housing Stocks Close Mixed; Three Major Indexes Nudge Down Read More
Following up on a story MHProNews posted Oct. 24, 2013 regarding Southern Energy Homes moving into a new facility in Russellville, Alabama, plant manager David Brewer says needed modifications are under way, and he expects the plant to be operational by mid-March to May 1. He does not know how …
According to the Manufactured Housing Association for Regulatory Reform (MHARR), statistics from the U. S. Department of Housing and Urban Development (HUD) reveal HUD Code manufacturers produced 6,078 homes in October, an increase of 18.5 percent over the 5,127 homes in Oct. 2012. Total HUD Code production for the year …
Manufactured Housing Production Rises again in October Read More
As part of their Prefabricated Housing—Global Strategic Market Report, researchandmarkets.com states the manufactured homes segment of the industry accounts for ten percent of housing starts in the U. S., and contributes significant revenues to the entire housing industry, especially since shipments began rising in 2011. While low housing costs particularly …
A group of ten families from the Basalt, Colorado Pan and Fork land lease community, which is scheduled for redevelopment, have formed an action committee seeking better relocation options from the owners, which includes the Roaring Fork Development Corp. (RFCDC) and the town of Basalt. The “Workers for Justice and …
Residents to be Displaced want Better Housing Options Read More
Ever since a contractor accidentally cut power to the Beladean Trailer Park in Surrey, British Columbia, Canada two-and-one-half months ago, the remaining six residents (down from 11 since Sept.) have relied on generators for heat, but have been without phone service. MHProNews has learned from metronews.ca the manager of the …
The Minneapolis Multifamily Housing office, which serves people in the Dakotas, Iowa, and Wisconsin as well as Minnesota, will continue to offer financing, mortgage insurance and operating assistance to a variety of multifamily apartments, nursing homes and manufactured home communities, according to the Department of Housing and Urban Development. U. …
Stocks slipped down towards the end of the trading day as investors learned sales on Black Friday were weaker than hoped for, pushing the three major indexes into the red zone for the first trading day of the month. CNNMoney reports the Dow Jones Industrial Average lost 77.64 points, -0.48 …
According to Bank of the West Chief Economist Scott Anderson, many potential home sellers have been watching prices increase on homes, waiting for the right time to sell. He says, “If they see that softening in home prices, I think you will see more potential sellers jump into the market. …
Updating a story MHProNews posted Nov. 8, 2013, Marcus & Millichap’s Cleveland office represented Melrose MHP LLC in closing the sale of five manufactured housing communities (MHCs) to real estate investment trust (REIT) UMH Properties for $11.8 million. According to rejournals.com, the homesites cost $22,736 per. UMH has been particularly …
Seller Identified in Manufactured Housing Community Transaction Read More
Following an earlier story regarding Killam Properties of Canada’s sale of 2,308 New Brunswick manufactured housing homesites for $69 million, MHProNews has learned the buyer is Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN). The eleven communities, all in Atlantic Canada and primarily in scenic rural areas, include Pine …
Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from …
