Updating a story MHProNews posted Nov. 8, 2013, Marcus & Millichap’s Cleveland office represented Melrose MHP LLC in closing the sale of five manufactured housing communities (MHCs) to real estate investment trust (REIT) UMH Properties for $11.8 million. According to rejournals.com, the homesites cost $22,736 per. UMH has been particularly …
Seller Identified in Manufactured Housing Community Transaction Read More
Following an earlier story regarding Killam Properties of Canada’s sale of 2,308 New Brunswick manufactured housing homesites for $69 million, MHProNews has learned the buyer is Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN). The eleven communities, all in Atlantic Canada and primarily in scenic rural areas, include Pine …
Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from …
A shortened trading day resulted in stocks ending the month flat, as many traders took the day off, but November overall was a definite plus for the stock market. CNNMoney reports the Dow Jones Industrial Average lost 10.92 points, -0.07 percent, to close at 16,086.41 points. The Nasdaq advanced +0.37 …
Major Indexes, Tracked Housing Stocks End the Month Mixed Read More
The Woolrich area of South London, once thought of as a dangerous region, is experiencing an “embryonic reinvention” of housing under development, including 60 one and two-bedroom modular apartments with occupancy priority going to households working or living locally earning $62,000 to $81,000 annually. Woolrich Central is comprised of a …
Redevelopment Includes Modular Apartments in London Read More
The New Hampshire Business Review tells MHProNews the New Hampshire Community Loan Fund (NHCLF) has helped over 100 manufactured home communities (MHC) convert to resident-owned cooperatives in the 30 years since the Sisters of Mercy invested their pension fund in the non-profit. The residents of the Meredith Trailer Park formed …
Funder Celebrates 30 Years Supporting Community Cooperatives Read More
MHProNews has learned from tickerreport.com Universal Forest Products Inc. (UFPI) has declared a $0.21 per share semiannual dividend payable Sunday, Dec. 15th to shareholders of record Dec. 1, 2013. UFPI’s previous semiannual dividend was $0.20. On Oct. 23 analysts at Zacks upgraded shares of UFPI from “neutral” to “outperform” rating …
Killam Properties of Halifax, Nova Scotia, Canada has declared a dividend of $0.05 per share payable on Monday, Dec. 16, 2013 to investors of record on Friday, Nov. 29, 2013. According to tickerreport.com, analysts at Dundee Securities cut their price target on shares of Killam Properties from C$11.75 to C$11.50 …
Canadian modular builder Britco has sent senior executive Chris Gardner with British Columbia’s Premier Christy Clark on a trade mission to China promoting B.C’s natural gas to the growing economies of Asia. Three liquid natural gas facilities will be working by 2020 which will generate thousands of construction jobs, and …
Workforce Housing Developer Promoting Natural Gas in Asia Read More
Stocks continued their record-breaking run as all three major indexes closed higher, no doubt in anticipation of the combination of Thanksgiving and Chanukah—latkes and turkey. CNNMoney reports the Dow Jones Industrial Average gained +24.53 points, +0.15 percent, to close at 16,097.33 points. The Nasdaq advanced +0.67 percent, +27.00 points, to …
Skyline Spikes, Cavco and Drew Advance Well; Major Indexes also Move up Read More
Three modular townhomes each with three bedrooms, 2.5 bathrooms and energy-efficient features will be sited Dec. 2 and 3 cross from the West Seattle Golf Course. Designed by Chris Pardo Design and built by Method Homes at their Ferndale, Washington plant, two of the units have a shared wall and …
Modular home builder Fusion Modular Green Construction LLC of Maryland allegedly accepted payments and deposits from customers and then did not fulfill contracts, and was unwilling to refund deposits. State Attorney General Douglas F. Gansler announced the company and its owners, Joshua Samuel Sims and William E. Sims III, are …
The Preserving Access to Manufactured Housing Act of 2013—HR 1779—remedies the unintended consequences of the Dodd-Frank Act that disproportionately affect affordable manufactured home lending. To date, 20 Democrats and 85 Republicans have signed on as co-sponsors of the legislation, indicating momentum is growing, but more support is needed to insure …
In yet another measure of the housing market recovery, the S&P/Case Shiller Home Price Index reveals home prices rose 11 percent from a year ago, the first year-over-year double digit gain since early 2006, before the housing bubble hit its high. The gain over last quarter was three percent, following …
Volume on the big board was light in approach of the holiday season, although all three major indexes did advance, modestly at best. CNNMoney reports the Dow Jones Industrial Average gained just +0.26 points, essentially +0.00 percent, to close at 16,072.80 points. The Nasdaq gained +0.58 percent, +23.18 points, to …
Cavco, LPX Notch Sizable Gains; Major Indexes Improve Modestly Read More
The National Association of Home Builders (NAHB) reports the issuance of new building permits rose 6.2 percent in Oct. to a seasonally adjusted annual rate of 1,034 million units, an increase over Sept.’s 5.2 percent rise to 974,000 units. Of this, multifamily rose 15.3 percent to 414,000 units, while on …
County commissioners in Butte, Meade and Harding Counties are in different stages of preparation for the possibility of modular workforce mancamps should the 36-inch Keystone XL pipeline be approved to move oil from Canada to Texas. Neither Butte nor Meade has a zoning ordinance, and Harding County’s is for “conditional …
South Dakota Prepares for Potential Modular Workforce ManCamps Read More
Champion Home Builders opened a second manufacturing facility at its 30-acre Lake City, Florida location this week (Nov. 18, 2013), adding 45 new jobs, according to digital-journal.com. The 70,000 square foot facility re-establishes the Redman Homes manufactured housing brand that has a respected name in the Southeast, but closed in …
Manufactured Home Builder Opens Second Production Facility Read More
Stocks on the big board closed mixed on news of a housing market recovery somewhat stalled by a drop in pending home sales, although the Dow rose to another high. CNNMoney reports the Dow Jones Industrial Average gained just +7.77 points, +0.05 percent, to close at 16,072.54 points. The Nasdaq …
Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock …
