The owners of the Hillcrest Estates manufactured home community in Portsmouth, NH received unanimous approval from the Portsmouth Planning Board for conditional use permits to upgrade the community, much to the delight of some 50 residents who stood and applauded the vote, reports seacoastonline. First developed in the 1960s, attorney …
New Owners of Land Lease Community Bring Applause from Residents Read More
Kingsley Management Corp. of Provo, Utah has acquired two Manatee County, Florida 55+ manufactured home communities (MHC) for $27.8 million. The 244-home site Palm Bay was sold for $13.1 million, while the adjacent 235 home site Colonial Mobile Manor went for $14.7 million. Both communities, according to businessobserverfl, are in …
Two Age-Restricted Manufactured Home Communities sold to Kingsley Read More
MHProNews has learned PBS News will soon be doing video interviews focusing on manufactured home lending. Sources tell us the interviewer will do a balanced report with views from both sides of the issue. Dr. Lesli Gooch from the Manufactured Housing Institute (MHI) writes how Dodd-Frank is harming the very …
PBS Segment on Manufactured Home Lending; MH Pros Need to Work Together Read More
In the news from CNNMoney: Oil falls below $40. for the first time since 2009. China’s slowdown may be worse than first thought. Over 1400 days since the last correction. Dow is down seven percent from its May high. Same sex couples get Social Security benefits. Meanwhile, the Yahoo Manufactured …
MHCV Inches Up, while Dow, Nasdaq and S&P Plunge Sharply Read More
China-backed CIMC Modular Building Systems has signed a contract with Pindan, a property and construction company based in Western Australia (WA), for the redevelopment of Agricola College in Kalgoorlie, which houses students for the Western Australia School of Mines. As businessnews.au informs MHProNews, the 180-room project, comprised of 89 modules, …
The City Council of Sanger, California is holding a public hearing to consider amending the municipal code to allow manufactured homes on property zoned for conventional single-family residences. The change would bring the code up to date with state law, according to thesangerherald. In a related public hearing, city council …
CA City to Allow Manufactured Homes Among Conventional Housing Read More
Zacks has changed its “hold” rating to “buy” for Equity LifeStyle Properties (NYSE:ELS), the largest owner of manufactured home communities (MHC) in the nation, according to dakotafinancialnews. The stock closed down -0.43% on Thursday, at $58.97, as MHProNews reported in its stock report, but Zacks has issued a target price …
Equity LifeStyle Properties Stock Targeted at $66.00 Read More
Only two weeks after Governor Ben Ayade of Cross River State in southeastern Nigeria led a trade delegation to the Republic of Ireland, he has announced plans that would lead to the building of 5,000 affordable modular homes across the state, as reported by nationalaccordnewspaper. Representatives of Affordable Building Concept …
Irish Modular Homes Planned for Affordable Housing in Nigeria Read More
Following a story MHProNews first learned about Aug. 7, 2015 when UMH Properties, Inc. released its earnings report for Q2, UMH has closed on the acquisition of three of six manufactured home communities, two in Ohio and one in Michigan, for $32.5 million. The three all-age communities contain 897 developed …
UMH Properties Continues its Acquisition of Land Lease Communities Read More
According to what businessinsider tells MHProNews, the National Association of Realtors (NAR) reports existing home sales in July rose two percent at an annualized rate of 5.59 homes, the highest in eight years. Sales of single-family homes rose 2.7 percent to an annual rate of 4.96 million, the highest since …
Existing Home Sales Hit Highest Level in Eight Years Read More
In the news from CNNMoney: China slowdown, oil slides, troubled economies in Brazil and Russia and possible rise in interest rates feed malaise and stock sell-off. Oil price drop could hurt Iran’s comeback. Existing home sales rose sharply. Top three cities for new businesses: Manchester, NH, Dallas, Richmond, VA. Meanwhile, …
Updating a story MHProNews posted Aug. 11, 2015, regarding Lippert Components, Inc. acquisition of Signature Seating, journalgazette reports Lippert will be adding 125 new jobs at the New Haven, IN facility that was home to Signature. Also known as Roehm Marine LLC, the company made upholstered furnishings for pontoon boats …
Following a story MHProNews posted Aug. 18, 2015 regarding the sale of 36,552 shares of Patrick Industries’ stock by Tontine Capital Partners L.P Aug. 14, dakotafinancenews reports Tontine sold another 19,220 shares of Patrick stock on Monday, Aug. 17 at an average price of $39.20 for a net value of …
Major Shareholders of Patrick Industries Continue Unloading Stock Read More
On Aug. 19, 2015 Southfield, Michigan-based Sun Communities, Inc. completed its sale of three manufactured home communities (MHC) comprised of 900 home sites for $32.5 million. Two of the MHCs are in Ohio, the third is in Michigan, according to nasdaq. On Aug. 13, 2015, Sun acquired a recreational vehicle …
Sun Completes Transactions on Six Communities, Secures Line of Credit Read More
Statistics from the U. S. Department of Housing and Urban Development (HUD) and the Commerce Department indicate housing starts nationwide edged up 0.2 percent in July to a seasonally annual-adjusted rate (SAAR) of 1.206 million units, the highest level since Oct. 2007, according to worldpropertyjournal. Single-family starts increased 12.8 percent …
July Housing Starts Reach Highest Level since Oct. 2007, Led by Single-family Read More
Following a story MHProNews published June 2, 2015, regarding modular shelters made of shipping containers for homeless people in Honolulu, the city has awarded a contract to Container Storage of Hawaii, Ltd. for the eventual 63 housing units. The $523,517 contract will provide housing for up to 83 people by …
Modular Container Units will House Homeless in Honolulu Read More
In the news from CNNMoney: Sell-offs of Chevron and Exxon pushed stocks down as crude oil fell four percent. Fed is getting closer to raising interest rates. First-time home buyers returning. Interest rates dip to 2.97%. Third bailout for Greece starts Thursday. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …
Deer Valley Spikes, Dow Takes A Hike, Google Hit by Lightning Strike Read More
Writing in rollcall, Manufactured Housing Institute’s (MHI) Senior Vice President for Government Affairs Dr. Lesli Gooch says while different Congressional committees are evaluating the five-year-old Dodd-Frank Act, people in many rural communities are being harmed rather than protected. She writes, “The Dodd-Frank Act is preventing everyday Americans from accessing the …
Dr. Gooch of Manufactured Housing Institute calls for Dodd-Frank Adjustment Read More
The Manufactured Housing Institute (MHI) has informed MHProNews that the city council of San Clemente, California is voting to relinquish its enforcement responsibility for the manufactured home communities in the city, and refer that responsibility back to the California Department of Housing and Community Development. City council cited budgetary constraints …
California City Relinquishes Enforcement of Land Lease Communities Read More
MHProNews has learned from insidertradingreport Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,479 shares of company stock on Aug. 17. 2015, according to a filing with the Securities and Exchange Commission. The shares were acquired at $9.12 each for a net value of $50,000. …
