Continuing the celebration of our 7th year of uninterrupted factory-crafted housing trade media publishing, we began the month with this thought-provoking theme: Obstacles and Opportunities in Affordable Housing – October 2016. That link will take you to all of the featured articles and interviews this month. Manufactured, modular and prefabricated home …
Noteworthy headlines on CNNMoney – FAA banning Galaxy Note 7 from all flights. John Kasich bans Wells Fargo from Ohio deals. Wells Fargo new account openings plunge. American Dream: Rich are fearful for its survival. Some bullets from MarketWatch – The stock market is turning into a sloppy, ugly mess—and it …
Big Day for Skyline, Louisiana-Pacific – MHCV, Broader Markets Up On Banks News Read More
Communities in and around Austin, TX have been a hotbed for discussions about affordablity and manufactured housing over the last few months. According to KUT, Austin City Council member Pio Renteria recently visited some of his constituents at a manufactured home community and was shocked by what he saw. “When …
Official wants Mandated Amenities for MH Communities Read More
The battle between a group of actvist, protesting residents of the Heritage Village manufactured home community in Beaverton Oregon and the property owner – Cal-Am Properties – has prompted a Coos Bay state legislator to propose a change to state law. According to the Oregonian/Oregon Live, the issue stems from …
New State Law Would Change Eviction Rules For Manufactured Homes Read More
A recent supervisors meeting in Quincy Township (PA) became a heated debate about a conditional-use grant to land developer Craig McCleaf. His plan is to develop the property for 47 manufactured homes, naming the new development Quincy Meadows. McCleaf purchased the Slabtown Road location, which has been a manufactured home …
Town’s Residents Concerned about New Manufactured Home Community Read More
The U.S. Department of Justice (DOJ) has filed a federal discrimination lawsuit against May Grove Village Manufactured Home Community based in Lakeland Florida, alleging that employees actively worked to keep African-Americans out. “Managers falsely told African-Americans that no mobile homes, (sic) or fewer mobile homes, (sic) were immediately available for sale, …
On October 3, 2016, the Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable December 15, 2016, to shareholders of record at the close of business on November 15, 2016. The company’s annual dividend rate …
UMH Properties, Inc. Declares Common and Preferred Dividends Read More
“Lyons does not want a mobile home park (sic),” said Carrie Davis-Gonzales, resident of the Foothills Manufactured Home Community in Lyons, CO. “I think it is because of the illusion that mobile homes decrease property value stigma. But when I moved here 20 years ago, it seemed like there were as …
Commercial real estate company NorthStar Realty Finance Corp (NYSE: NRF) recently received an average rating of “Hold” from a handful of analysts that are covering the firm, reports Baseball News Source’s James Conley. Among the six analysts, two rated NorthStar’s stock a “buy” and the four issued a “hold” recommendation. …
NorthStar Realty Finance’s target price and investor moves Read More
Noteworthy headlines on CNNMoney – FUBU CEO Stop and Frisked “Maybe 20 Times. U.S.: Wells Fargo Mistreated Military Members. WSJ Columnist Calls Trump “Unstable.” Why The Federal Reserve Isn’t Political. From WSJ: Ghost of Lehman Brothers Haunts Deutsche Bank. Some bullets from MarketWatch – ‘Housing party’ in the U.S. may be coming …
Home prices in the Vancouver, British Columbia (B.C.) metro are expensive. The average price for a detached home in the Fraser Valley, for example, is $900,000. A typical condominium can set you back $248,000. Compare that to the typical manufactured home in B.C., which sells for around $80,000. According to …
Plans to transform what the Boulder City Review called a “blighted mobile home park” (sic) into townhouses came before the city’s planning commission. The plan to transition the Boulder City Mobile Home Park into a townhome community were unanimously approved by the town’s commission on September 21st, with Chairman Jim …
Boulder City Planning Commission Approves Rezoning Of Mobile Home Park Read More
Wells Fargo’s CEO, John G. Stumpf, has been called by Warren Buffett about recent events, according to Fox Business. Noteworthy headlines on CNNMoney – Wells Fargo worker retaliation claims rile up Congress. Lawmakers: Wells Fargo a ‘criminal enterprise’ like Enron. U.S. warns Samsung washing machine owners after explosion reports. The worker …
Wells Fargo Chairman/CEO Grilled, Buffett speaking out, All Markets Down Read More
An already tumultuous relationship between Denver Meadows Mobile Home and RV Park owner Shawn Lustigman and the community’s residents has only gotten worse in recent weeks. “In two years, I’ll be homeless,” resident Petra Bennett told The Aurora Sentinel. “I need two tractor trailers to move it at $10,000; I …
Work started this month on a new clubhouse and community center for Sterling Estates, a manufactured home community in Adrian Michigan, 72 miles southwest of Detroit. “We had a need for this, so it’s good to see work on it finally begin,” said Sterling Estates owner, Germano Mularoni. “This was …
Manufactured Home Community grabs positive media via New Clubhouse Construction Read More
Equity Lifestyle Properties, Inc. (NYSE:ELS) is expected to pay a $0.43 dividend on Oct 14, 2016. ELS shareholders owning stock before Sep 28, 2016 will be eligible to receive the payout. Based on Equity Lifestyle Properties, Inc.’s current price of $79.70, the dividend is 0.53%. The indicated annual dividend is …
Equity LifeStyle Properties Investor Management Fund, Dividend Updates Read More
A full-blown battle over rent control is on in Humboldt County, CA, reports the Lost Coast Outpost’s Ryan Burns. The Humboldt Mobilehome Owner Coalition established a ballot measure, Measure V, that would regulate rent hikes on manufactured home land-lease sites. It aims to prevent a community’s owners from making what …
Noteworthy headlines on CNNMoney – CA Punishes Wells Fargo with Sweeping Sanctions. OPEC Cuts Production, Oil Surges – 35% of Student Loan Defaults From For-Profit College Students. Some bullets from MarketWatch – City-by-city look as house-price gains slow. White House calls Congress veto of 9/11 bill ’embarrassing’. China’s richest man warns of …
Residents of the Lowry Grove community in the Minneapolis, MN suburb of St. Anthony lost their bid to block the sale of the property, according to a ruling by a Hennepin County Judge. “We continue working together to save Lowry Grove. We will organize more action,” said Antonia Alvarez, president …
Battle Over Community Owner’s Rights vs. Resident’s Rights highlighted in St. Anthony case Read More
Noteworthy headlines on CNNMoney – Debate most watched in history. Fed under attack, but still profitable for taxpayers. U.S. probes Wells Fargo whistle blower complaints. Some bullets from MarketWatch – Congress deadlocked over funding bill as government shutdown looms. Chesapeake Energy’s stock plunges as Carl Icahn loses interest. Nike stock down 4%. …
Market Rebounds, Manufactured Home Index Down, But Drew and Patrick Up On Executive Moves Read More
