The Senate of the Commonwealth of Pennsylvania is considering a measure that would allow residents of manufactured home communities (MHC) the opportunity to challenge a rent increase in their community. Senator Stewart Greenleaf says many MHC residents are seniors on fixed incomes whose rent increases rise faster than the cost …
Pennsylvania Legislature Weighs Manufactured Home Community Rent Control Read More
New Jersey continues to deal with the rebuilding of homes along the Atlantic Coast as a result of Hurricane Sandy, the Oct. 2012 storm which killed 117 people in the U. S., leveled thousands of homes and left a path of destruction costing $65 billion. The Christie administration has set …
Manufactured Homes Still on Assistance List in the Wake of Hurricane Sandy Read More
The Gerry Park for Mobile Homes in Gary, Indiana has been sold to Arogas, Inc. by former owner Pat Quinn which owns Mr. Fuel gas stations in the area. Arogas already owns a 9.3 acre adjoining site that has been rezoned for industrial use and is expected to be home …
Indiana Manufactured Home Community closing for Redevelopment Read More
Consumers who purchase an Energy Smart Home™ from Clayton Homes between now and Aug. 29 will receive up to $3,000.00 towards their first year’s utility bills, according to what virtualpressoffice informs MHProNews. Clayton CEO Kevin Clayton said, “We’re going to give consumers a jumpstart on those savings by providing an …
Clayton Homes offers Incentive to Buy Energy Efficient Home Read More
A New Jersey supplier of modular shipping containers that repurposes them to commercial applications, temporary modular houses and military uses has converted 16 containers for use as a five-story Air Traffic Control Tower fitted to Federal Aviation Administration (FAA) standards. While this particular one is designated as a temporary tower …
Modular Air Traffic Control Tower built by SEA BOX Read More
Gavin and Garrett Wright announce the opening of their new modular home sales center, G & G Home Center in Liberal, Kansas, and invite everyone to their grand opening Thursday, June 11 for the ribbon-cutting ceremony. Their father, Darrell Wright established D & H Homes in Garden City, Kansas in …
In CNN News: America has the most job openings in 15 years (5.4 million), HSBC cutting 50,000 employees, kids who watch Sesame Street do better in school, in Santa Barbara homes are selling 32 percent above asking price, while in Tampa they are selling 53 percent below asking. Meanwhile, the …
MHCV Outshines Dow, NASDAQ and S&P 500; U. S. has 5.4 Million Jobs Available Read More
Modules for a 700 unit apartment complex set for Fox Creek, Alberta, Canada will be built in a company-run factory near Shanghai, China and assembled on site, with the first phase of 48 suites, each 980 square feet, to be ready for occupancy in early 2016. Calgary’s Stack Modular is …
Luxury Modular Apartments Rising in Alberta, Canada Read More
The aphorism that to own your own home was the American Dream, and that with a little more initiative you could have your very own Dream Home, has proven to be more elusive. As builderonline says, “The fact that easy and crazy lending made ownership possible does not mean that …
Market Conditions are Ripe for Manufactured Housing to Fill A Void Read More
Residents at Riverbend Mobile Resort in Reedsport, Oregon are concerned because the ground under their homes is shifting, and in some cases damaging the homes in the community. Riverbend Residents Committee Chair Randy Osborn says, “Homes continue to sink. As they sink, people can’t afford to have them jacked up. …
MHProNews has learned Freehold, New Jersey-based UMH Properties, Inc. (NYSE:UMH) has agreed to acquire six manufactured home communities (MHCs) in Indiana, Ohio and Michigan for $68.6 million. The all-age communities contain a total of 2,200 developed sites, according to prnewswire. Barring any problems, the transaction is set to be finalized …
UMH Negotiating for Six more Manufactured Home Communities, Presenting at NAREIT REIT Week Read More
In the CNN News: China’s Da Lian Zeus Entertainment won lunch with Warren Buffett for $2.3 million, a ticket to the NBA finals sold for $36,843, a first generation Apple 1 sold for $200,000, and sales at Kmart have fallen from $37 billion in 2000 to $12.1 billion last year. …
MHCV Edges Up, while Dow, Nasdaq, and S&P 500 all Slip Read More
MHProNews reported May 25, 2015 that Jeffrey L. Et Al Gendell sold 18,783 shares of Patrick Industries, Inc. (NASDAQ:PATK) stock at an average price of $40.92 for $1,144,260.36. According to lulegacy, Gendell, a major shareholder of Patrick, sold an additional 48,500 shares on June 3, 2015 for $40.03 per share …
Gendell Unloads more Patrick Industries, Inc. Stock Read More
Following a story MHProNews last reported on Oct. 24, 2014 regarding rent reduction, drainage and road repair problems at the Easton Mobile Home Park that have been an issue for residents for the last ten years, Selectmen, serving as the Mobile Home Park Rent Control Board, have agreed to consider …
Rents may Roll Back at Manufactured Home Community in Long Need of Repairs Read More
Noting that his HAS Income Opportunity Fund 1 has delivered upwards of 15 percent return through the end of 2014, Stephen Wheeler, HAS Capital’s Chairman says, “Returns from MH (manufactured housing) related investments are outpacing investments in other real estate sub-sectors. Consistent high return opportunities are available to MH investors, …
Manufactured Housing Investments Yield High Returns Read More
In manufactured housing news, L. A. “Tony” Kovach defines path to revitalize the MH industry, while one MH supplier picks new head, another MH producer closes, HUD Code production continues rising, MHC reverting to stick-built homes, Cavco seeks tax abatement, AZ MHC closing, Sen. Donnelly and MHI’s Jennison defend H.R. …
MHProNews has learned from kota tv that Magnolia Homes in Gering, Nebraska has closed its doors, and area development officials are looking for a new tenant. Citing large job losses and difficult finance problems in North Dakota due to the drop in oil prices, owner Harry Karsten sent a letter …
In his fourth installment on General Manufactured Housing Industry Topics, MHProNews and MHLivingNews publisher L. A. “Tony” Kovach says getting Realtors ® involved in the sale of manufactured homes can be a mutually profitable proposition. “We believe there is obvious value in having real estate agents who already know manufactured …
Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship Read More
In the CNN News: U. S. gains 280,000 jobs in May, now totaling over one million jobs on the year; OPEC refuses to cut oil production, and consumers expanded their borrowing last month by $20.5 billion. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.08 percent, to end …
Champion Home Builders, Inc. of Troy, Michigan announced today that Keith Anderson, interim CEO since Jan. 2015, has been named President and CEO of the producer of manufactured and modular homes and commercial buildings. Having joined the company’s Board of Managers in 2013, he served as president and CEO of …
