Manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) share price marked a new 52-week high in Monday’s session, Dec. 28, reaching $66.33, according to putnamstandard, but closed even higher Tue., Dec. 29, at $66.81, as reported in MHProNews stock report. On the Dec. 28 report, four investment analysts gave …
In New Mexico, Michael Baca’s appeal to keep a pre HUD Code home was denied by the Torrance County Commission by a 2-1 vote Dec. 23, although it did pull at the heartstrings of the commissioners to essentially deny a family a place to live. Mr. Baca, with two kids, …
With a labor and available lot squeeze driving up the price of site-built homes, bloomberg reports modular homes present a viable alternative, less costly and a quicker build time than site-built, although in appearance, they might be very little different than site-built. The median construction cost for modular comes in …
Modular Home Builders Pushing to Dispel Myths of Factory Built Homes Read More
In the news from CNNMoney: Uber competitor Sidecar throwing in the towel. Al Jazeera backpedals from alleging Peyton Manning did performance-enhancing drugs. California toughens equal pay law. Chipotle stock plunges 35 percent as norovirus and 2nd E. coli outbreak plague officials. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced …
Deer Valley Corp. Falls 8.00 Percent; Dow Advances over One Percent Read More
A Long Island, NY contractor, Andrew Troiano, and his firm Alt Design & Construction Consulting, Inc., have been charged with stealing over $175k from three victims, two of whom were to receive modular homes to replace their homes destroyed by Hurricane Sandy on Breezy Point, according to theforumnewsgroup. The third …
In the news from CNNMoney: Saudi Arabia hurting from cheap oil, as prices have fallen 11% this month. Puerto Rico is on the edge of default. Trump says wages are too low. Comics Isla Fisher and Sacha Baron Cohen donate $1 million to help Syrian war victims. “Star Wars: The …
Following a story MHProNews posted Dec. 17, 2015 regarding a diseased tree that Sun Communities (SUI) was ordered to remove from Water Oak manufactured home community in Lady Lake, FL, villages-news reports as of Sunday, the tree was still there. Special Magistrate Valerie Fuchs ordered Sun to remedy the tree …
Sun Leaves Diseased Tree, Declares Quarterly Dividend Read More
Formulating a seven-year adjustable-rate loan with a two-year interest only period, Capital One has arranged a Freddie Mac $11.719 million refinance for Starlight Mobile Home Park senior-only manufactured home community (MHC) in El Cajon, CA. Senior Vice President Chad Thomas Hagwood, of the Birmingham, AL multi family office, originated the …
Capital One Provides $11M+ Loan for Starlight in Southern CA Read More
MHProNews has learned from yumasun that manufactured home community (MHC) Rancho El Mirage is nearing completion in Wellton, Arizona. The 55-and-older restricted, gated community, built around select holes of the Coyote Wash Golf Course, has 202 home sites, and offers extensive amenities, including fishing and boating, a pool and spa, …
What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More
While MHProNews has been following the stop and go development of modular homes to replace emergency accommodations for the homeless in Dublin, Ireland, as we last reported Dec. 18, 2015, Fingal County Council CEO Paul Reid is defending plans for 40 modular housing units for the homeless in Balbriggan, just …
Modular Housing Spreads in Ireland for the Homeless Read More
Maureen Rude, the former director of the Montana Fannie Mae Partnership office and executive director of the Montana Board of Housing, will become the new Executive Director of NeighborWorks Montana in Jan., 2016, according to greatfallstribune. Rude has served as director of lending and operations for eight years. The previous …
In a continuing sell-off of Patrick Industries, Inc. (NASDAQ:PATK) stock, Jeffrey L. Et Al Gendell sold 59,659 shares of company stock, according to a disclosure filed with the Securities and Exchange Commission (SEC) dated Dec. 23, 2015. The shares were sold at an average price of $41.41 for a total …
Kaj and Carla Sorensen would like to add three more manufactured homes to their Sorensen Rentals manufactured home community (MHC) in Milton, Fla., but the city’s Code of Land Ordinances is not zoned to allow any more non-conforming structures, according to what srpressgazette tells MHProNews. City Planner Randy Jorgenson said, …
City Ordinance Prevents Siting of more MH in Community Read More
In the news from CNNMoney: North America’s best oil shale patch is Grande Prairie in Canada’s northwest Alberta community, with 449 trillion cubic feet of natural gas. Baltimore, New York, Atlanta, St. Louis, Nashville, San Francisco and Los Angeles ae welcoming immigrants. Gun maker to forge $1M pistols from meteorite. …
Stocks Relatively Quiet in an Abbreviated Trading Session Read More
According to a required filing with the Securities and Exchange Commission (SEC), Tontine Capital Partners LP disclosed that it has a 9.3 percent stake in the common stock of Elkhart, IN-based Patrick Industries, Inc. (NASDAQ:PATK). Tontine currently owns 1,439,778 shares of stock valued at $60,225,914, as reported by dakotfinancialnews. Other …
Tontine Discloses Ownership of 1.43M Shares of Patrick Read More
MHProNews has learned from bloomberg that new home sales rose in Nov. 4.3 percent to an annualized pace of 490,000, slower than the 505,000 median estimate of economists surveyed by bloomberg. Previous estimates ranged from 400,000 to 550,000. The rate in Oct. was 470,000. Home sales have been choppy throughout …
Following the devastation caused by Typhoon Soudelor, which slammed into the Commonwealth of the Northern Mariana Islands (CNMI) on Aug. 2, 2015, the GreenStay two-bedroom modular house made of old shipping containers at the Garapan Fishing Base has received well over a thousand visitors since opening to the public last …
MHProNews has learned that Pleasant Valley Homes, Inc., of Pine Grove, Pennsylvania has acquired Fork Creek Park Model Recreational Vehicles, an Amish-built maker of vacation and recreation homes, which will now be built in the company’s state-of-the-art facility in Schuylkill County, PA. Pleasant Valley currently produces Pine Grove HUD Code …
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the so-called “new” duty to serve (DTS) rule issued by the Federal Housing Finance Agency (FHFA) Dec. 18, 2015, much like the original 2010 implementation, continues the exclusion of manufactured home (MH) chattel loans, which make up some 70 percent …
MHARR Criticizes FHFA for Continuing to exclude Chattel Loans Read More
