Updating a story we last posted May 1, 2014 regarding the temporary closing of Meadowbrook Park manufactured housing community due to water and sewage problems in Richmond, Maine, MHProNews.com has learned owner Russ Edwards claims he has no income from the community and could not afford repairs. He alleges former …
Manufactured Housing Board may Impose Sanctions, Fines for Septic Leak Read More
According to wilmingtonbiz.com in North Carolina, Charlotte-based Properties of Assurance LLC has closed on its acquisition of two manufactured housing communities in the Wilmington, NC area. Bavarian Pointe, a 22-homesite community and 48-homesite Carolina Pines were purchased from Freedom Property Investors LLC for an undisclosed price. MHProNews.com has learned the …
Next Step Homes is the factory-built home distribution channel for parent company Next Step Network, which mobilizes nonprofit resources to provide affordable and ENERGY STAR homes for low income residents across the nation. Next Step couples its 25 nonprofit community housing development organizations with heavy hitters in the factory-built housing …
Private, Public Alliance Provides Efficient Factory-built Homes to Low Income Americans Read More
Mission Trails Mobile Home Park in San Antonio, Texas may be closed to make way for a $75 million luxury riverfront apartment development, displacing some 200 residents who complain they discovered by accident about the possible sale and rezoning of their community when a resident happened to spot a rezoning …
Government-sponsored enterprise (GSE) Freddie Mac will begin purchasing and securitizing manufactured housing loans immediately, according to John Cannon, senior vice-president of the multifamily division. As globest.com informs MHProNews.com, Freddie sees manufactured homes as key to affordable housing. Cannon says, “It broadens our geographic footprint and creates a more balanced approach.”## …
Rebounding social networking stocks propped up the Nasdaq into positive territory in today’s trading, adding +12.89 points, +0.31 percent, to close at 4,127.45, according to CNNMoney. Other investors are playing hooky, anticipating the jobs report tomorrow, as the Dow Jones Industrial Average dropped -21.97 points, -0.13 percent, to end the …
Drew Industries, Inc. (DW) reports net sales in the first quarter of 2014 at $285 million, a 13 percent increase over the same period 2013, due to a 16 percent sales increase in the company’s recreational vehicle (RV) division. Net income nearly doubled from $8.4 million in the first quarter …
The Cottonport (Louisiana) Town Council is being asked to change the ordinance that governs the distance between a manufactured home (MH) and the property line, according to avoyellestoday.com. Keith Ducote says more people are buying multi-section homes and the current ordinance should be changed from 25 feet to 20 feet …
Change Requested for Siting Multi-section Manufactured Homes Read More
Updating a story MHProNews.com last posted April 25, 2014 concerning an MHC in Richmond, Maine that was ordered closed due to water and sewer problems because owner Russell Edwards allegedly said he could not afford repairs, residents now want to buy the community. According to wmtw.com, while Edwards is scheduled …
The U. S. foreclosure inventory fell from 1.1 million in the first quarter of 2013 to 720,000 for the comparable period one year later, a drop of 37 percent. Based on CoreLogic’s National Foreclosure Report, worldpropertychannel.com informs MHProNews.com the foreclosure inventory as of March represented 1.8 percent of all homes …
In its first quarter, 2014 financials, manufactured housing community (MHC) owner Sun Communities, Inc. (SUI) reports funds from operations (FFO) of $38.3 million versus $31.7 million for the first quarter, 2013. Net income attributable to common stockholders in Q1 2014 was $7.8 million versus $5.7 million for the same period …
Sun Communities Releases 1st Quarter 2014 Financials Read More
The Federal Reserve is reducing its bond buying activity by $10 billion monthly, as was expected, noting the economy is growing but the severe winter weather stymied growth. The Dow Jones Industrial Average edged up +45.47 points to a record high, +0.27 percent, to finish at 16,580.84. The Nasdaq advanced …
Dow Hits New Record High as Federal Reserve Slows Stimulus Read More
Half of a multi-section Champion manufactured home being transported from Topeka, Indiana to Sioux City, Iowa broke free from its moorings on the flatbed truck as it was rounding a curve, causing the load to shift and land on Interstate 94 in northern IN, blocking two westbound lanes. The ramp …
MHProNews.com has learned from kwch.com in Wichita, Kansas that thieves broke into a model manufactured home in South Wichita and made off with the entire kitchen, including the sink. The side-by-side refrigerator, dishwasher, glass-top range, including the range hood and under counter microwave, cabinets and the sink were all taken …
Sam Zell, chairman of Equity LifeStyle Properties (ELS) and Equity Residential (EQR), says homeownership may continue to fall as low as 55 percent because so many Americans are postponing marriage and having children. According to Census Bureau data, the homeownership rate dropped from 65.2 percent in Q4 2013 to 64.8 …
In a far-ranging interview with MHProNews publisher L. A. “Tony” Kovach, Clayton Homes founder Jim Clayton discusses his path from acquiring his first mobile home, when he initially realized the profits of manufactured homes over cars, to the concept of vesting company employees with ownership rights and responsibilities. Armed with …
Stocks had a solid day today as investors anticipate what will come out of the two-day Federal Reserve meeting that ends Wednesday, regarding the Fed’s intentions going forward. The Dow Jones Industrial Average moved up +86.63 points, +0.53 percent, to finish at 16,535.37. The Nasdaq advanced +29.14 points, +0.72 percent, …
Affiliated Managers Group Spikes over Nine Percent Read More
Following a story we first posted Feb. 20, 2014, regarding plans for expansion, MHProNews.com has learned that Ashland Holdings, LLC of Wildwood, Florida has completed the renovation of its Great Plains Holdings Headquarters, which will also alleviate the $12,000 annual storage expense for its sister company, Lil Mark, Inc. In …
Ashland Expanding into Land Lease Community Ownership Read More
Marking the first gain in nine months, the National Association of Realtors (NAR) Pending Home Sales Index rose 3.4 percent in March to 97.4 from 94.2 in February, although it is 7.9 percent below March 2013. As worldpropertychannel.com reports, this year’s existing home sales began tepidly, and are not expected …
With keepsakes that mark the date and theme of this year’s Berkshire Hathaway annual meeting May 3, Business Wire will once again be selling commemorative baseball themed pennants to raise money for abused and neglected children for a Douglas County (Omaha), Nebraska charity. Court Appointed Special Advocates (CASA) provides trained …
Charity Benefits from Berkshire Hathaway Annual Meeting Read More
