Business

Scott Parkhurst Re-joins Skyline Corp. as National Sales Mgr.

Skyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager, …

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Turnkey Tiny Home ready for Occupancy

The Riverside tiny home by Nashville, TN-based New Frontier Tiny Homes measures 242 sq. ft., and at $79,000, this modular comes ready-to-move-in furnished, down to the the cutlery, furniture and all other accoutrements, according to what gizmag tells MHProNews. Sitting on a triple-axle trailer, the ebony stained cedar board and …

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Lawsuit Attempts to Block Sale of Manufactured Home Community

Updating a story MHProNews has been following out of the Lowry Grove manufactured home community (MH) in St. Anthony, MN outside Minneapolis, where residents were trying to stop the sale of their community, and are now trying to reverse the sale in court, the nearly 100 families have been given …

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MHC Reality Show Prompts MHC Souvenir Shop

The manufactured home community (MHC) that has been the setting for TLC’s Myrtle Manor TV reality show in Myrtle Beach, South Carolina is in fact Patrick’s Mobile Home Park, according to myrtlebeachonline. Owner Cecil Patrick currently sells souvenirs relating to the show but has to apply for a “special event” …

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Insiders Making News at Patrick Ind. and Sun Communities

In insider trading, Todd Cleveland, CEO of Patrick Industries, Inc. (NASDAQ:PATK), a component supplier to the manufactured home and recreational vehicle industries, sold 20,000 shares of Patrick common stock at an average price of $59.50 per share for a net transaction of $1,190,715. Currently, Mr. Cleveland owns 405,481 shares of …

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Modular Apartments for Seniors to be Occupied by Year’s End

Using low-income housing tax credits from the Internal Revenue Service, the $6.4 million modular senior housing project in Huntington, West Virginia, which when completed before the end of the year will consist of 30 one-bedroom units measuring about 650 sq. ft. and 10 two-bedroom units of about 800 sq. ft …

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UMH Properties Announces Quarterly Stock Dividends

The Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable September 15, 2016, to shareholders of record as of Aug. 15, 2016. This equates to an annual dividend rate of $0.72 per share, as satprnews …

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Sunday Morning Recap-Manufactured Housing Industry News June 26-July 3, 2016

What’s New in public focused Manufactured HomeLivingNews.com St. Petersburg, FL – Misjudging Mobile Homes – Tale of Two Cities What’s New in Manufactured Housing Industry Professional News House committee requesting documentation from CFPB. Modular apartments replacing old apartment buildings. Zeman plans MH build in Florida. Maine city gets community development …

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Modular Homes Rising where Irene Destroyed Manufactured Homes

Over four-and-one-half years after Tropical Storm Irene tore through Waterbury, Vermont, destroying 11 manufactured homes (MH) with waist deep water, developer Bob Baker with Paramount Homes is replacing the damaged units with 11 modular homes he will rent out. “As strong Vermonters, we just rebuild and that’s what we’re doing. …

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Modular Container Home in High-end Calif. Market

People walking through a sleek new design home in San Diego overlooking the Pacific do not realize it is made of recycled shipping containers until they are told, as realtor tells MHProNews. “There’s a stigma, a misperception,” listing agent Jonathan Sanders says of the modular construction which his company and …

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British Columbia City may Allow Manufactured Homes for Foreign Agri Workers

Following an hour-long Kelowna, British Columbia, City Council meeting regarding a request by a local fruit grower to build more permanent housing for foreign fruit pickers, as cbc.ca trells MHProNews., who the grower says stay nearly eight-months, has resulted in the council sending a letter for clarification to B. C. …

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UMH Properties is Top Gainer; MHCV slips, Skyline Falls

In the news from CNNMoney: Ammunition imports shoot up nearly 50 percent. President Obama signs Puerto Rico rescue bill. NFL’s Roger Goodell pay is cut to $31.5 million in 2015, down from $44.2 million in 2012. Workers to strike at Trump Taj Mahal Casino. Rio gets federal bail out 36 …

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UMH Properties hits 52-Week High, Projections Skyward

As investors await the Aug. 4, 2016 earnings report from manufactured housing community (MHC) owner UMH Properties, Inc. (NYSE:UMH), the stock has hit a new 52-week high at $11.25, with a target of $26.10, a 132% increase. If that is reached, that will add $405.09M to the $306.89M valuation of …

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Maine City Receives Block Grant for Modular Apartments

A project to replace deteriorating apartment buildings in Farmington, Maine with modular units moved closer to fruition as the Board of Selectmen accepted a $500,000 Community Development Block Grant (CDBG), and appointed an eight-member advisory board to oversee the building. MHProNews last posted a story about the project, called 82 …

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Zeman Expands its Reach into Florida

Chicago-based Zeman Homes, which bills itself as one of the largest privately-owned owners of manufactured home communities (MHC) in the nation, has purchased a 43-acre site near Naples, Florida zoned for a 273 home MHC site. The company recently acquired the 55+ community Caribbean Park, according to what MHProNews has …

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Pending Home Sales Slip April to May

Following a three-month climb, the pending home sales index slipped 3.7 percent from April to May, to 110.8, according to the National Association of Realtors (NAR), 2.6 percent higher than expected, but a 0.2 percent decrease from may 2015. With 100 being a healthy number, the index has not fallen …

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Skyline Outshines other MH-related Stocks; Dow Regains 235 Point

In the news from CNNMoney: A Tesla 2015 S on autopilot has fatal crash, spurring Federal investigation. JetBlue is offering free Precheck for frequent fliers. Glock wins $85 million FBI contract. China is crushing the U. S. in economic warfare. Some 20 percent of the 260 million cars on U. …

Skyline Outshines other MH-related Stocks; Dow Regains 235 Point Read More

Dow, Several MH-related Stocks Recover from Two Day Loss

In the news from CNNMoney: Nazi’s assault rifle now made in the U. S. World’s second largest diamond fails to sell. U. K.’s $100B auto industry needs Europe. IBM is making plastic less toxic. The SF (San Francisco) Homeless Project is a response to “the human catastrophe” of homelessness brought …

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Northpoint Commercial Finance Expands

A diversified finance company that provides flexible inventory lending and floor plan financing solutions, Northpoint Commercial Finance has hired two new Directors of Business Development to its Field Sales Organization. With a strong background in floor plan financing, and 20 years overall in financial services, Richard Derbonne comes to the …

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Construction Employment Lack may Impact Overall Economy

The National Association of Home Builders (NAHB) said earlier this month unfilled construction positions remain at a post-recession high of 200,000, and could possibly impact the larger economy, according to to the latest labor report from the Associated General Contractors of America, says constructiondive. NAHB’s survey addressed nine trades, and …

Construction Employment Lack may Impact Overall Economy Read More

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