In the news from CNNMoney: China has stopped bleeding cash…for now. Dow has worst day in six weeks. U. S. vows to crack down on shell companies as tax dodges. Here comes the worst earnings season since the Great Recession. Angola, hurt by falling oil prices, asks IMF for a …
MHProNews has learned from thenational.ae that Saudi Arabia’s Red Sea Housing Services Co., which provides temporary and permanent modular housing to companies involved in the mining, oil and gas industries working in remote locations, has acquired Malaysia’s AM Modular for $7 million. Red Sea, which will pay $3 million in …
There is a huge focus on encouraging Millennials—who are mostly single– to come out of their parents’ basements and buy a house or at least rent an apartment, even a “micro unit,” or some form of communal living, as we are underserved by affordable housing, especially in large urban, coastal …
Affordable Multihousing Developer Set to Build Modular Workforce Housing Read More
Chase’s PRO Neighborhood’s $125 million program for disadvantaged neighborhoods nationwide provides funding to acquire, upgrade and provide affordable housing in areas headed for gentrification. Another PRO aspect is working with Community Development Financial Institutions (CDFI) to pool resources and build health and education facilities as well as support community services. …
JPMorgan Chase Project Adds Affordable Housing, Creates 2,650 Jobs Read More
Residents of Desert Cove Mobile Home and R-V Park in Tuscon, Arizona are having to move after being told by manager John Hydrick the community has utility problems that the owner cannot afford to repair, according to what tucsonnewsnow tells MHProNews. Originally given 30 days to leave because the community …
Tucson Manufactured Home Community Closing, Residents Receiving Assistance Read More
In the news from CNNMoney: Fiat Chrysler to cut 1,300 jobs. Fed officials divided over April rate hike. Law firm at center of Panama Papers helped create over 1,000 firms, many of which are no longer active. United drops plans to take over Delta’s business at Newark airport. America’s economy …
MHCV Outperforms Dow, ending at 1280; Louisiana Pacific Gains +2.75% Read More
After braving the elements in building the last ten Habitat for Humanity homes in Welland, Ontario, Canada, the 70 students and staff at Niagara College worked inside to build their 11th home, a modular one broken down into five sections for delivery purposes, and destined for a family who fled …
Modular Habitat for Humanity Home Built by Niagara College Students Read More
According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Capital World Investors owned 204,000 shares of manufactured and modular builder Cavco Industries, Inc. (NYSE:CVCO), as of Q4 2015 with a value of $16,995,000, according to financialmarketnews. Another hedge fund, Numeric Investors LLC purchased 208,879 shares …
Hedge Funds Hungry for Cavco; Stock has Doubled in 2.5 Years Read More
MHProNews has been informed by prnewswire that the board of directors of manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend of $0.18 per share payable June 15, 2016 to shareholders of record as of May 16, 2016. Additionally, the board of directors …
UMH Properties set to Pay Dividends to Shareholders Read More
Beverly Williamson, longtime member of Ohio Manufactured Homes Association (OMHA) and owner of Williamson Mobile Home Park in Cleves, Ohio passed away suddenly on March 29, 2016. Her son, Guy Williamson, and daughter-in-law, Brooke Williamson, will continue her business affairs. Also, Bob and Marge Dunnington, who owned Oakwood Acres MHC …
Passages: Beverly Williamson, Bob and Marge Dunnington Read More
As Sheila Dey, Executive Director of the Western Manufactured Housing Communities Association (WMHCA), writes in publicceo, rent control is not the solution to the affordable housing crisis now gripping the state. Comparing a doctor trying to fix a broken leg by applying a band-aid, she said, “Government imposed regulations and …
Rent Control in Manufactured Home Communities Inhibits New Development Read More
In the news from CNNMoney: Bank of America says ten million people are seeking work, which would raise the unemployment rate above six percent. President Obama says corporate tax avoidance hurts the middle class. Panama law firm helped world leaders, officials, and celebrities hide billions of dollars. Fake university uncovered …
Skyline Gains the Most of Tracked Stocks, Deer Valley Drops the Most Read More
Funded by CalHOME through the California Department of Housing and Community Development, the city of Garden Grove, California is offering First Time Homebuyer and Home Improvement programs for manufactured housing (MH) through Oct., 2017, or until the funds have been expended. The First Time Homebuyer program is aimed at low-income …
California Offering Assistance for Low income Manufactured Home Buyers and Rehabbers Read More
The Manufactured Housing Association for Regulatory Reform tells MHProNews that, according to figures from the Department of Housing and Urban Development, HUD Code production rose sharply in Feb. to 6,129 homes, 27.6 percent higher than the 4,803 MH produced in Feb. 2015. In terms of shipments by state, Texas continues …
In the news from CNNMoney: Ransomware crime wave increasing. Digitally sending cash and using a smartphone to deposit checks will cost 30% job cuts in banks. Trump says he’ll fix the debt in eight years. Keystone pipeline springs leak in S. Dakota. Trending: U. S. companies merging with foreign firms …
MHCV Falls -1.99%; Of Tracked MH Stocks, Carlyle Group Fell the Most Read More
Elkhart, Indiana-based CEO of Patrick Industries, Inc. (NASDAQ:PATK) Todd M. Cleveland sold 15,000 shares of company stock at an average price of $48.35 per share for a transactional value of $725,400. According to financialmarketnews, he continues to hold 424,898 shares with a value of 20,548,067.28. Meanwhile, less than 100 miles …
John Kalec, Clayton Homes Executive Vice President and CFO, has announced his retirement after 20 years with the company, according to a press release reported by thedailytimes to MHProNews. Focusing on strategic and operational activities, Kalec led the accounting and financial teams at Clayton. “Specifically, he has helped lead the …
John Kalec Grew Clayton through the Recession, Leaving after 20 Years Read More
In 1993, Taunton, Mass. Democratic State Senator Marc Pacheco was the lead sponsor of a bill that gave residents of a manufactured home community (MHC) first right of refusal if an MHC came up for sale, according to tauntonwickedlocal. On March 31, the 247 homeowners of Oak Hill MHC exercised …
Resident-owned Community Members Thankful for Right of Refusal Law Read More
What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town wants exemption from state’s 40B ruling. Sun Communities to expand King’s Court MHC. Fannie Mae funds $5MM refi of MHC. New MHProNews …
Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016 Read More
According to sfhfm, hedge fund Principal Financial Group Inc. increased its stake in Sun Communities, Inc. (NYSE:SUI) by 12.6 percent during Q4 2015, buying 221,370 shares of Sun stock, and now owns 1,981,842 shares of the real estate investment trust’s stock valued at $135,816,000. GW&K Investment Management acquired a new …
