Business

UMH Properties Alters Plans from Modular to a Manufactured Home Community

A proposal by UMH Properties, Inc. originally presented ten years ago for 253 modular homes in Coxsackie, New York has re-emerged as a manufactured home community (MHC) development with 161 homes. The original plan ran into community opposition as well as a threat to an endangered bird species and a …

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Program will Assist Buyers of Manufactured Homes

The Kentucky Housing Corporation (KHC) is offering $6 million in loans at a one percent, fixed-rate, 30-year mortgage for low-to-moderate income homebuyers in the SOAR (Shaping Our Appalachian Region) area of Kentucky, according to an announcement by Lt. Gov. Crit Luallen. Established in 2013 by Gov. Steve Beshear and Rep. …

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Skyline Corp. Rises up, Falls Down all Week Long

In CNNNews: Stocks in China plunge as bubble fears continue, Neil Young’s new album blasts corporate America, the price of eggs is rising, and less than one percent of people who apply to purchase a gun at a gun store are denied. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …

Skyline Corp. Rises up, Falls Down all Week Long Read More

Texas Reports Sale of Manufactured Homes

The Texas Manufactured Housing Association (TMHA) informs MHProNews of the new and used manufactured homes sold retail for the first quarter of 2015, based upon the Texas Department of Housing and Community Affairs (TDHCA) statistics. There is a 75 day window for gathering and processing the information so accurate figures …

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Public Hearing Follows Cavco’s Request for Tax Abatement

Following a story MHProNews last posted June 2, 2015 regarding Cavco Industries, Inc.’s request for a tax abatement following its acquisition of manufactured homes producer Fairmont Homes, the Nappanee City Council met for a public hearing on the request Mon., June 15. No one from the public spoke either for …

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Gendell Unloads more of Patrick Stock

MHProNews has learned Jeffrey Gendell continues to sell his shares in Patrick Industries, Inc. (NASDAQ:PATK) as he did May 25, and June 8, 2015. Most recently he sold another 3,748 shares at $37.20 each for a net of $139,503, according to octafinance. In total he has sold 72,783 shares for …

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Ohio Measure would Require Community Owners to Clean up Meth Labs

MHProNews has learned the Ohio Manufactured Homes Association (OMHA) is opposing State Senate Bill 113 which would require owners of manufactured home communities (MHCs) to pay for cleanup of any meth lab discovered on their property, regardless of their knowledge of the crime. There is a push in the Senate …

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Skyline Corp. Continues its Roller Coaster Run, while the Nasdaq Hits a New High

In CNNNews: Nasdaq hits a new high, Greece is another step closer to default on its debt, a woman will be on the new ten dollar bill, newscaster Brian Williams moving over to MSNBC, and the consumer price index rose .04 percent. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …

Skyline Corp. Continues its Roller Coaster Run, while the Nasdaq Hits a New High Read More

Concordis Developing Micro Modular Units in Urban Settings

GC Blackstone, a commercial and residential building and development company subsidiary of Concordis Group, Inc. (CNGI:OTC) is planning a micro modular apartment building in Dallas with 60 units to address the need for affordable housing in this high cost market. Designed for the urban millennial, the housing will offer the …

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Modular Builder Magnolia Homes may be Rescued

Updating a story MHProNews posted June 6, 2015 regarding the closing of Magnolia Homes in Gering, Nebraska, geringcitizen reports local business leaders are working to keep the facility open and maintain the jobs in the community. In the area since the 1950s and at its present location since 1972, Harry …

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Reservations for Induction Dinner Ahead of Last Year

Reservations for the RV/MH Hall of Fame Induction Dinner honoring the Class of 2015 are already ahead of last year’s, according to Committee Chairman Mark Wasson (Bluelinx Corp.), with over 153 registrations in the hopper for the Aug. 3, 2015 event. Darryl Searer, president of the RV/MH Hall of Fame …

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Florida’s The Villages Expanding Continuum of Care for Seniors

The world’s largest retirement community, which is also the fastest growing city in the U. S., is expanding to include additional senior living facilities nearby. With a growth rate of 5.4 percent for the 12 months ending July, 2014, The Villages in Florida grew from 51,442 people in 2010 to …

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Liberty Homes Plummets, Nobility Homes Rises, MHCV Slips

In CNN News: Federal Reserve may raise interest rates in September, we spend an average of $2,600 annually commuting to work, railroad stocks are falling this year, and millionaires will control nearly half the world’s wealth by the end of the decade. Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) …

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Davis Homes in NC Offers Paths to Manufactured Home Ownership through USDA

“I have learned that there’s a big need for low-income families to get some help,” says Robin Davis, of Davis Homes, a manufactured and modular home dealer in Peachland, North Carolina, reports ansonrecord. She says in the year since the business opened, about 400 people have come in and many …

Davis Homes in NC Offers Paths to Manufactured Home Ownership through USDA Read More

Modular Builder Hires Pete Murray as President

Guerdon Modular Buildings of Boise, Idaho has hired Pete Murray as president and chief operating officer (COO) as the company continues its growth in the western U. S. market, building modular multi-housing developments, reports idahobusinessreview. Murray has been vice-president of western manufacturing operations for Welch Allyn, a medical device maker …

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Skyline Corp. Spikes; Donald Trump Running for President, Yikes!

In USA Today News: Americans opened their wallets in May, as retail sales rose +1.2 percent across several categories: car dealers sales rose +two percent; sales of building material and garden supplies increased +2.1 percent; clothing stores saw sales rise +1.5 percent; department stores sales rose +0.8 percent; and sales …

Skyline Corp. Spikes; Donald Trump Running for President, Yikes! Read More

More Insider Trading at Drew Industries

MHProNews has learned that another board director of Drew Industries, Inc. (NYSE:DW) has been involved in insider trading. James Gero purchased 10,000 shares of stock June 11, 2015 at $57.00 per share for a total of $570,000, according to insidertraderreport. The insider transaction was reported to the Securities and Exchange …

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Canadian Group Protests Closing of Manufactured Home Community for Senior Facility

A group of Canadian manufactured homeowners is asking the city of Surry, British Columbia for more protection from developers who are closing manufactured home communities (MHC) to repurpose the land. The Surry Manufactured Home Owners Association (SMHOA) is protesting the proposed shuttering of Park Mobile by WestStone Group that will …

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Manufactured Homes Planned for Durango, but More could be Justified

With the population of La Plata County, Colorado expected to increase by 52 percent over the next two decades, 790 dwelling units will need to be built annually to meet the demand, according to a study by the La Plata County Regional Housing Alliance (RHA). Using data from the Colorado …

Manufactured Homes Planned for Durango, but More could be Justified Read More

High End Manufactured Home Community Sells for $13.8 M

In what Colliers International is calling the most ever paid per home site for a manufactured home community (MHC) in Oregon, Songbrook has been sold for $13.8 million to R & D Management, LLC of California. The gated community has 140 home sites on just under 32 acres in Eugene, …

High End Manufactured Home Community Sells for $13.8 M Read More

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