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Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016

By / April 10, 2016 / Advocacy, Announcements, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, Obituary, People, regulation, RV, Stocks, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com State Inspector Becki Jackson – Safety & Quality of Manufactured Homes What’s New in Manufactured Housing Industry Professional News Feb. HUD Code manufactured home production rises 27.6%. Notable deaths in the manufactured home community. Rent control inhibits new MHC development. Resident-owned community grateful …

Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016 Read More

Confidence in Housing and Job Markets Weaken in March

By / April 8, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

Consumers growing pessimism about the economy is beginning to affect the housing market, reports nationalmortgagenews. In a monthly survey conducted by Fannie Mae, the GSE’s Home Purchase Sentiment Index fell 2.5 points from Feb. to 80.2 in March, the lowest reading in the past 18 months. The survey revealed the …

Confidence in Housing and Job Markets Weaken in March Read More

UMH Properties Replaces Retiring Board Member

By / April 9, 2016 / Announcements, Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from prnewswire that Eugene W. Landy, board president of manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH), announced that Richard H. Molke is retiring from the board after 30 years of service. The board of directors has chosen Kenneth K. Quigley, Jr. to serve out the …

UMH Properties Replaces Retiring Board Member Read More

Passages: Herbert Fiederer, Sr., and Barry Ogden

By / April 8, 2016 / Announcements, Business, Communities, Finance, Manufactured and Modular Housing News, Manufactured Homes, Obituary, People

The New York Housing Association (NYHA) has informed MHProNews that Herbert Fiederer, Sr., 80, who with his wife, Patricia, owned Latham Homes of Oneonta, New York since 1972, passed away March 7, 2016 in Venice, Florida. The couple also owned four manufactured home communities in New York state. Members of …

Passages: Herbert Fiederer, Sr., and Barry Ogden Read More

MH-related Stocks Close Mixed; Drew Industries Edges up the Most

By / April 8, 2016 / Business, Manufactured and Modular Housing News, Stocks

In the news from CNNMoney: Postage prices set to decline. Americans may soon need visas to go to Europe. Casino owner Steve Wynn says no one wants to be around poor people. Keystone pipeline leak 90 times worse than first reported. Under Armour is no longer an underdog. India’s population …

MH-related Stocks Close Mixed; Drew Industries Edges up the Most Read More

Skyline and Sun: Manufactured Housing Insider Trading

By / April 8, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

In hedge fund trading, Robotti Robert bought 50,000 shares of manufactured and modular home producer Skyline Corp.(NYSE:SKY), and as of Q4 2015 controls a total of 64,700 shares valued at $379,142. After selling 1,383 shares of Skyline stock during the fourth quarter, Vanguard now owns 138,999 shares with a value …

Skyline and Sun: Manufactured Housing Insider Trading Read More

Local and State Regulations cover Tiny Homes, not HUD

By / April 8, 2016 / Business, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation, RV, Trends

A proposed federal regulatory change could conceivably prevent tiny-home dwellers from living in their homes, which they say is an example of the government telling them how they can live, reports cleveland to MHProNews. As of last week, HUD had received 4,000 letters from angry supporters of the homes, which …

Local and State Regulations cover Tiny Homes, not HUD Read More

Fifty-six Room Modular Apartment Rises in Six Months

By / April 7, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

The blogger for modularhomecoach has high praise for Simplex Homes of Scranton, Penn., builder of modular homes and commercial buildings, saying they do exceptional work. The Morris Plains Housing Authority in Morris Plains, NJ chose Simplex to build the 87 modules     for the 56-room apartment complex with Del-Santo …

Fifty-six Room Modular Apartment Rises in Six Months Read More

First-time Homebuyers Want Larger Home

By / April 7, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Trends

According to the Homebuyer Insights Report from Bank of America, first-time homebuyers are not considering starter homes, reports nationalmortgagenews. The report revealed that 75 percent of new homebuyers prefer to buy a larger home to begin with. Additionally, 35 percent of those surveyed plan to retire wherever they buy. MHProNews …

First-time Homebuyers Want Larger Home Read More

Proposal to Enlarge Canadian Manufactured Home Community Likely to Pass

By / April 7, 2016 / Business, Canada, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

A proposal to allow 20 manufactured homes (MH) on an already serviced property that has two MH did not trigger any opposition at a public hearing held at the Bradley Center in Parksville, British Columbia, Canada. According to pqbnews, Area F Director Julian Fell said the neighborhood is a natural …

Proposal to Enlarge Canadian Manufactured Home Community Likely to Pass Read More

Red Sea Housing Acquires Malaysia’s AM Modular

By / April 7, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

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 …

Red Sea Housing Acquires Malaysia’s AM Modular Read More

Affordable Multihousing Developer Set to Build Modular Workforce Housing

By / April 6, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular, Trends

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

JPMorgan Chase Project Adds Affordable Housing, Creates 2,650 Jobs

By / April 7, 2016 / Business, Company News, home buyers, Manufactured and Modular Housing News

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

Tucson Manufactured Home Community Closing, Residents Receiving Assistance

By / April 6, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, RV

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

MHCV Outperforms Dow, ending at 1280; Louisiana Pacific Gains +2.75%

By / April 6, 2016 / Business, Manufactured and Modular Housing News, Stocks

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

Hedge Funds Hungry for Cavco; Stock has Doubled in 2.5 Years

By / April 6, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Stocks

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

UMH Properties set to Pay Dividends to Shareholders

By / April 6, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

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

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Rent Control in Manufactured Home Communities Inhibits New Development

By / July 13, 2018 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes

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

Skyline Gains the Most of Tracked Stocks, Deer Valley Drops the Most

By / April 5, 2016 / Business, Manufactured and Modular Housing News, Stocks

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

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