Connecticut Property Management LLC has applied with the Belfast, Maine Planning Board to expand the Penobscot Mobile Home Park in Belfast by adding 34 home sites to the existing 21, according to waldo.villagesoup. The city ordinance requires new lots to be a minimum of 6,500 sq ft with at least …
What’s New in public focused Manufactured HomeLivingNews.com Loans – Financing – Mortgages for Manufactured, Modular and Mobile Homes What’s New in Manufactured Housing Industry Professional News Sale of Minn. MHC challenged by Attorney General. Section 8 vouchers can now but MH. Hall of Fame inducts Class of 2016. NC MH …
Sunday Morning Recap-Manufactured Housing Industry News Aug 1-Aug. 7, 2016 Read More
Updating a story MHProNews last posted July 5, 2016 regarding attempts by residents of the Lowry Grove manufactured home community (MHC) in north Minneapolis to forestall the sale of their community because the owner did not offer them first right of refusal before selling it to a developer, the Minnesota …
Minn. Attorney General Files Brief to Halt Sale of Community to Developer Read More
The Hendersonville (North Carolina) City Council approved a special use permit and four variances to redevelop the Whiteside’s Green Acre Mobile Home Park into the Claystone Manufactured Home Park, an age-restricted 55 and older community with 31 home sites, front porches and carports. Whiteside currently has 31 sites but only …
Redevelopment of MH Community in North Carolina Approved Read More
MHProNews has learned from rebusinessonline that Farmington Hills, Mich-based RHP Properties has acquired two manufactured home communities (MHC) in East Hartford, Conn. Both the 263-home site Rivermead Manufactured Home Community and the 199-home site Colonial Manufactured Home Community are all age communities but with a focus on seniors. RHP now …
A modular apartment building with 11 single bedroom apartments for Ute Mountain Indian tribal members will result from an $871,000 grant to Colorado’s Department of Local Affairs (DOLA) Division of Housing, as cortezjournal informs MHProNews. The apartment units in Towaoc will specifically target homeless, those at risk of becoming homeless …
Modular, Manufactured Homes Coming to Ute Mountain Indians Read More
Real estate investment trust (REIT) and manufactured home community (MHC) owner Sun Communities, Inc. released its quarterly financials, reporting $0.85 earnings per share (EPS), beating analysts’ consensus by $0.03, as thecerbatgem informs MHProNews. Although revenue was $140 million, well below the consensus estimate of $165.78 million, revenue was up 15 …
Sun Communities Beats Analysts EPS Estimate by $0.03 Read More
Updating a story MHProNews posted July 28, 2016 regarding a lawsuit brought against a manufactured home community (MHC) owner in Pennsylvania for closing his community and neglecting to notify the residents of his responsibility to pay relocation costs, MHC owner Bill Chen is now suing a former resident for failure …
MH Community Owner Slapped with Lawsuit, Slaps back at Former Resident Read More
What’s New in public focused Manufactured HomeLivingNews.com NIMBYism? Debunking Myths About Manufactured Home Communities (aka ‘Mobile Home Parks’) What’s New in Manufactured Housing Industry Professional News FEMA moving manufactured homes into four W. VA. Counties. CFPB proposes clarification of Know Before You Owe. Patrick’s revenues rise 35%. Sun’s stock projected …
Sunday Morning Recap-Manufactured Housing Industry News July 24-July 31, 2016 Read More
As the stock of Sun Communities, Inc. (NYSE:SUI) reached a new 52-week high on Wed., July 28 of $77.90, it has a forecasted target of $130.09, a 67 percent increase over today’s closing, a value that would increase the worth by $3.56 billion, giving it a total value of $8.88 …
Sun Communities Stock hits New High, but Projected Higher Read More
The glitz and glamor that attach to an ownership interest in businesses such as hotels, a race track or a small chain of upscale restaurants suddenly tarnishes for some when the investment being considered is manufactured home communities (MHCs). While many think of them as “mobile home parks,” or in …
While Negative Perceptions of MH Persist, the Industry Grows says Seeking Alpha Read More
The Belfast, Maine Planning Board will consider the expansion of Penobscot Mobile Home Park from 20 homes sites to 34, as waldo.villagesoup informs MHProNews. The new owner of one year, Connecticut Property Management LLC, has 21 acres, including a large wetlands area, and intends to use part of the property …
A pilot project that will repurpose shipping containers into modular homes for First Nations reservations in Alberta, Canada has begun with a ground-breaking ceremony 55 miles southwest of Calgary at Eden Valley. Bearspaw First Nation Chief Darcy Dixon and council members Rex Daniels and Larry Daniels were joined by representatives …
First Nation People in Canada getting Modular Container Homes Read More
MHProNews has learned hedge fund Geode Capital Management LLC upped its stake in shares of Sun Communities, Inc. (NYSE:SUI) by 7.2 percent in Q1 2016, as reported to the Securities and Exchange Commission, according to cerbatgem. After buying an additional 31,936 shares during the first period, Geode now owns 473,079 …
What’s New in public focused Manufactured HomeLivingNews.com The Aha! Moment – Entertainer’s Delight LifeStyle Model Home Video Tour Proud to be American, God Bless the USA, Lee Greenwood Music Video, Interview What’s New in Manufactured Housing Industry Professional News Trump’s acceptance speech unexpectedly draws favorable response on CNN. New Jersey …
Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016 Read More
Following a story MHProNews last posted July 19, 2016 regarding the updating of manufactured home regulations in Laramie, Wyoming, after years of delays, hesitations and changes, MHProNews has learned the Laramie City Council passed a final reading of a set of ordinances dealing with manufactured homes (MH) and recreational vehicles …
Wyoming City Finally Settles on MH and RV Ordinances Read More
In Del Valle, Texas, near Austin, despite a zoning recommendation from city staff in favor of a new manufactured home community as requested by the applicant, members of the Zoning and Platting Commission voted against the zoning change. Neighbors complained of crime– “We don’t want that increased vandalism, that increased …
Texas Commissioners Deny MHC App, Prompting DJ Pendleton to Come out Swinging Read More
MHProNews has learned from pennlive that Pine Terrace MHP LLC, of Atglen, PA has acquired a 75 home site manufactured home community (MHC), Strohecker MHP, in Halifax Township, just north of Harrisburg, Pennsylvania. Chuck Heller and Drew Bobincheck handled the transaction on behalf of the sellers, Curt and Janet Strohecker. …
Manufactured Home Community Changes Hands in Pennsylvania Read More
As of the close of the second quarter, 2016, Boulegeris Investments bought 248,865 shares of manufactured home community owner UMH Properties, Inc. (NYSE:UMH), according to tradecalls, and now owns 1,285,191 shares valued at $15,833,553. UMH comprises 10.47 percent of Boulegeris’ portfolio. Another hedge fund, Creative Planning, upped its stake in …
Equity LifeStyle Properties (NYSE:ELS) reports for the second quarter ending June 30, 2016 total revenues rose $8.6 million, or 4.3 percent, to $210.1 million, as compared to $201.5 million for the same period in 2015. Net income available for common share stockholders increased $3.7 million, or $0.04 per diluted common …
ELS Q2 2016 Indicates Revenue, Income and Community Growth Read More
