For its fiscal year ending Oct. 31, 2015, Nobility Homes, Inc. (OTCQX:NOBH) reported sales for the year rose 32 percent $27,836,804 as compared to $21,152,259 recorded in fiscal year 2014, according to what yahoo.finance tells MHProNews. Income from operations (IFO) for FY 2015 nearly tripled over last year’s numbers of …
A story MHProNews last published Sept. 10, 2015 concerning a business in Brewer, Maine that has been converting shipping containers into modular buildings since 2011, was ordered to cease and desist. The attorney general’s office said it was making manufactured homes (MH) without a license. It has now received a …
SnapSpace may Move Modular Container Building Operation to South Carolina Read More
Following a story MHProNews last published Nov. 16, 2015 regarding the Mojave County, Arizona’s Board of Supervisors attempt to limit siting in the county of manufactured homes no older than seven years old, the mojavedailynews reports the board took no action at Monday night’s meeting. Retailers, installers, manufactured home owners …
Arizona County Postpones Ruling on Siting Older Manufactured Homes Read More
As part of a statewide allocation of $22.6 million in grants that will help create affordable housing, deliver social services and revive downtown communities covering 1,166 different projects, more than $2 million will be going to communities in western New York state to improve homes and help create a path …
Block Grants will Replace Manufactured Homes in Western NY Read More
In the news from CNNMoney: Smokey and the Bandit Trans Am set for auction. Chipotle stock plunges on new E. coli fears. Oil giant ConocoPhillips leaves Russia. Messy election results drag down markets in Spain. Global insurance giant Chubb insures against cyberbullying. Gross domestic product grew two percent in U. …
Patrick Tops MH-related Stocks; Dow Gains Nearly one Percent Read More
“The new rules are the reason I drink,” said Joe Parsons, a senior loan officer at mortgage lender PFS Funding in Dublin, California, referring to the federal home disclosure rules created to give borrowers more time to review documents. He says because the new rules are extending closing times beyond …
Continuing a pattern set in motion Nov. 2014, one which MHProNews has reported on numerous times since, Jeffrey L. et al Gendell (a.k.a. Jeffrey Gendell) unloaded 66,753 more shares of Patrick Industries, Inc. stock, as told by dakotafinancialnews. According to a filing with the Securities and Exchange Commission, required of …
Tent City 3 in Seattle, Washington is a peer-run homeless encampment with ties to social welfare services and some 60 residents, according to news.ca.yahoo. A 2014 report from the National Law Center on Homelessness & Poverty (NLCHP) indicates citywide anti-camping bans have risen by 60 percent since 2011. The U. …
Seattle’s Tent City Provides Structure for the Homeless Read More
In the news from CNNMoney: Spain has a $2 billion lottery: tickets cost $218 each. Toshiba predicts $4.5 billion annual loss. For Santa to visit all 675 million households worldwide, traveling 226 million miles, and if he was buying jet fuel at $1.20/gal., he would need 45 million gallons of …
Dow Slowly Climbs back from Losses; MHCV loses -0.09 percent Read More
Following a story MHProNews last posted Oct. 14, 2015 regarding the arrival at the Ellsworth Air Force Base of manufactured homes to house flood victims on the Pine Ridge Indian Reservation, a private professional services firm, Dewberry, is assisting with the installation of the homes for the Oglala Sioux Tribe. …
Manufactured Homes Destined for Oglala Sioux Staged at Ellsworth Air Base Read More
MHProNews has learned from dakotafinancialnews that Drew Industries, Inc. (NYSE:DW) Chairman Emeritus Leigh J. Abrams sold 5,400 shares of Drew stock for $60.10 per share for a net transaction of $324,540.00. Disclosed in a transaction with the SEC, Abrams now owns 71,311 shares valued at $4,285,791.10. The company’s earnings for …
National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance …
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
Allan Wallis, writing in Wheel Estates, says: “The mobile home may well be the single most significant and unique housing innovation in twentieth-century America. No other innovation addressing the spectrum of housing activities- from construction, tenure, and community structure to design- has been more widely adopted nor, simultaneously, more widely …
Vertical Manufactured Home Community Built, then Scrapped Read More
Following a story MHProNews published Dec. 18, 2015 regarding a proposed addition to Carrington Pointe MHC in Fort Wayne, Indiana, the Fort Wayne Board of Zoning Appeals postponed a decision on the project to allow the applicant, Sun Secured Financing LLC, more time to review staff concerns over a retention …
Flying Fowl Foul Fort Wayne Formula for Expanding Manufactured Home Community Read More
Missouri Auditor Nicole Galloway’s office tells MHProNews reports the Missouri Public Service Commission (PSC) has been lax in its oversight of manufactured homes MH), stating the agency did not follow up on problems discovered during inspections of manufactured and modular homes. The audit, as stltoday reports, found problems with 11 …
MO Commission Insufficient in its Oversight of New Manufactured Homes Read More
In the news from CNNMoney: Illinois and Pennsylvania are 170 days overdue on budgets. Olive Garden is making a comeback. UN urges freezing supply of ISIS money and guns. Star Wars has record $57 million opening night. Billionaire casino mogul Sheldon Adelson confirmed that his family has purchased the Las …
Nobility Homes spikes 6.61%, as Dow Drops over Two Percent Read More
From midsouthnewz, MHProNews has learned Terra Nova Asset Management has increased its holdings in Real Estate Investment Trust (REIT) Sun Communities (NYSE:SUI) by 4.8 percent in Q3 2015, according to an SEC Form 13F filing. The institutional investor added 410 shares during the quarter and now owns 8,900 shares of …
Following the continuing saga of modular homes being built in Ballymun in Dublin, Ireland to house the growing homeless population, the Dublin City Council said, “the contractor’s security staff was threatened by persons unknown wearing balaclavas (ski masks). They were told to go back to the north or their machinery …
MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites …
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
