Communities

Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship

By / June 5, 2015 / Business, Communities, Economy, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

In his fourth installment on General Manufactured Housing Industry Topics, MHProNews and MHLivingNews publisher L. A. “Tony” Kovach says getting Realtors ® involved in the sale of manufactured homes can be a mutually profitable proposition. “We believe there is obvious value in having real estate agents who already know manufactured …

Realtors ® and Manufactured Home Dealers should develop a Symbiotic Relationship Read More

Sun Declares Dividends on Common and Preferred Stocks

By / June 5, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

Manufactured Home (MH) and Recreational Vehicle (RV) community owner Sun Communities, Inc. (NYSE:SUI) of Southfield, Michigan has declared a quarterly distribution of $0.65 per share of common stock for Q2 2015, payable July 17, 2015 to shareholders of record as of June 30, 2015. The company’s board of directors also …

Sun Declares Dividends on Common and Preferred Stocks Read More

Arizona Manufactured Home Community will be Repurposed under New Ownership

By / June 4, 2015 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

The 80-100 residents at Wheel Inn Ranch RV and Mobile Home Park in Scottsdale, Arizona will have to relocate by January following the purchase of the land last year for over $3 million by MHP Scottsdale LLC, led by developer Ryan Hartman, according to azcentral. While many of the residents …

Arizona Manufactured Home Community will be Repurposed under New Ownership Read More

Rio Plaza Obtains Refi Package of $5.9M

By / June 3, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

Capital One’s Manufactured Housing Finance has engineered a $5.9 million Fannie Mae fixed-rate loan to refinance Rio Plaza Mobile Home Estates (MHC) in King City, California. MHProNews has learned from multihousingnews the community is located in Monterey County 50 miles southeast of Salinas. The 110 homesite all age manufactured home …

Rio Plaza Obtains Refi Package of $5.9M Read More

Burgeoning Hispanic Demographic presents Opportunities for Manufactured Housing

By / June 3, 2015 / Communities, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

“Hispanics are one of the fastest growing demographics, and their prospects for homeownership and what they will seek from communities in a lot of ways will reflect the outlook for the entire country,” says Louise Keely, president of the non-profit think tank The Demand Institute, a joint operation of The …

Burgeoning Hispanic Demographic presents Opportunities for Manufactured Housing Read More

Manufactured Home Sites Transitioning to Stick Built

By / June 1, 2015 / Business, Communities, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, mobile home

Back in the early 1980s when interest rates were running around 15 percent, veteran North Carolina builder Homer Wright constructed Northridge Mobile Home Park in Eden, North Carolina so those of modest means could find an avenue to affordable homeownership. The manufactured home community has 130 home sites, and at …

Manufactured Home Sites Transitioning to Stick Built Read More

Sunday Morning Recap–May 24, 2015 to May 30, 2015

By / May 30, 2015 / Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, Stocks, Trends

The U. S. news this week was dominated by the flooding that ravaged Texas, leading to the loss of some 30 lives, 4,000 damaged homes and millions of dollars in damages. In manufactured housing news, residents at an MHC threaten to move because of high utilities, UMH acquires another MHC, …

Sunday Morning Recap–May 24, 2015 to May 30, 2015 Read More

Manufactured Home Community Residents Balk at Utilities Increase

By / May 29, 2015 / Business, Canada, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

The 59 percent increase in water and garbage pickup rates in New Sarepta, Alberta, Canada has some residents of the New Sarepta Mobile Home Park and the city ready to leave. A group of citizens attended the Leduc County Council meeting to request changes. Rate hikes went into effect in …

Manufactured Home Community Residents Balk at Utilities Increase Read More

Modular Homes Constructed on Tribal Land

By / May 29, 2015 / Business, Communities, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People

Four much-needed modular duplex rental units have been added to the Lower Sioux Community housing stock for tribal member families in southwest Minnesota. Known as Lower Sioux Estates, construction of the three and four-bedroom, two bath units began in the fall of 2014 following the application in 2012. With funding …

Modular Homes Constructed on Tribal Land Read More

Tiny Homes for the Homeless

By / May 28, 2015 / Advocacy, Communities, Factory-Built Homes, Manufactured and Modular Housing News, Modular, People, regulation

While many may think of the tiny house movement as the province of hipsters, artists and young professionals who eschew the world of McMansions and material goods, there are a number of enclaves nationwide for the chronically homeless and disabled that speak to efficiency and quality of life. Eugene, Oregon’s …

Tiny Homes for the Homeless Read More

UMH Continues Expansion Plans

By / May 28, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned that UMH Properties, Inc. (NYSE:UMH) has purchased a 158 site manufactured home community (MHC) in northeastern Pennsylvania for $3,517,000. The all-age community is situated on 43 acres in the Marcellus and Utica Shale regions where the demand for housing is being driven by energy exploration workers. Current …

UMH Continues Expansion Plans Read More

Idle Wheel Mobile Home Park Rolls to a New Owner

By / May 27, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, mobile home

Capital One Multifamily Finance secured an interest rate of 4.15 percent in arranging a $5 million Fannie Mae fixed-rate loan for the acquisition of Idle Wheel Mobile Home Park in Woodland, California. According to abladvisor, Damon Reed, Sr. Vice President and Capital One Multifamily’s Director of MHC Finance, arranged the …

Idle Wheel Mobile Home Park Rolls to a New Owner Read More

Manufactured Home Owners have One Year to Move

By / May 26, 2015 / Business, Communities, Company News, Legal, Manufactured Homes, mobile home

The residents of Firwood Lane Mobile Home Park in Kirkland received notice they have one year to move from their 32 homesite manufactured home community (MHC) as the result of a change in ownership. The new owners, PSW Real Estate, intend to built 19 new homes valued at $700,000 to …

Manufactured Home Owners have One Year to Move Read More

Old Manufactured Homes and Tiny Homes address the Florida Homeless

By / May 25, 2015 / Communities, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, mobile home, Trends

In an attempt to help house the homeless and low-income residents of Bithlo, Florida, outside Orlando, Tim McKinney, CEO of United Global Outreach (UGO) has designed a 456 square-foot tiny home that can be assembled with a screwdriver and wrench, meets current hurricane standards, and has a 40-year warranty on …

Old Manufactured Homes and Tiny Homes address the Florida Homeless Read More

Sunday Recap May 18-May 23, 2015

By / May 23, 2015 / Advocacy, Awards, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, Stocks, Trends, Zoning

In this week’s News: Despite Zoning, MH would be Replaced. Modular Housing adding up. Builder Confidence Slips. Aries Mods in NC. Art’s Way Honored. Deer Valley Stock Zooms. Owning Cheaper than Renting. Good Housing Deals in Rust Belt. Rent Stabilization Extended. Mainstream Media Hinders MH Buyers with no Recourse. Correct …

Sunday Recap May 18-May 23, 2015 Read More

CBRE Arranges Refinancing for Manufactured Home Communities

By / May 21, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned Franklin Management Group of Newport News, Virginia has arranged $18.8 million in refinancing for five of the more than 20 manufactured home communities (MHCs) it owns. The long-term fixed rate non-recourse recapitalization was arranged by CBRE (Coldwell Banker Richard Ellis)-Hampton Roads. The five properties, comprising 2,600 homesites, …

CBRE Arranges Refinancing for Manufactured Home Communities Read More

Residents Finally Win Right to buy Manufactured Home Community

By / May 21, 2015 / Business, Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Following a story covering some 18 years legal wrangling by the residents of Naples Estates manufactured home community (MHC) in Florida to buy their community, as MHProNews last reported Oct. 8, 2014, a state appeals court upheld the ruling of a lower court affirming the homeowners right to purchase their …

Residents Finally Win Right to buy Manufactured Home Community Read More

Rezoning Helps Manufactured Home Residents Buy, Sell Property

By / May 20, 2015 / Business, Communities, Company News, Finance, home buyers, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

From La Center, Washington MHProNews has learned the Country Hills Estates manufactured home community (MHC) was originally zoned as a condo complex because it was outside the city and the county refused to give it the designation afforded an MHC. As a result, when homeowners tried to sell their homes …

Rezoning Helps Manufactured Home Residents Buy, Sell Property Read More

Will Matt Drudge, Fox or CNN Spotlight Unfair Challenges Harming Millions of Manufactured Home Owners?

By / June 25, 2015 / Advocacy, Business, Communities, Economy, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, mobile home, People, regulation

  The Seattle Times/Center for Public Integrity has allegedly targeted Clayton Homes and Berkshire-Hathaway affiliated finance companies in an attempt to derail much needed reforms to Dodd-Frank which harm millions of manufactured home (MH) owners and thousands of MH businesses. Mike Baker and Daniel Wagner – writers of the Seattle …

Will Matt Drudge, Fox or CNN Spotlight Unfair Challenges Harming Millions of Manufactured Home Owners? Read More

Sunset Date Extended for El Monte, CA

By / May 19, 2015 / Communities, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

The available amount of manufactured home sites in 50 distinct California manufactured home communities (MHCs) is 1.34 percent as presented to the El Monte City Council Feb 24, 2015 by Kenneth K. Barr, who conducted the study. The city of El Monte has 33 MHCs consisting of 1,427 homesites, and …

Sunset Date Extended for El Monte, CA Read More

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