NorthCentralPA reports the Wall Street Journal says the Fleetwood Homes factory in Nampa, Idaho has increased production 25 percent since last fall to keep up with demand in the North Dakota oilfields for manufactured homes. Upon adding 40 employees, factory manager Jeff Chrisman says without this new demand he would …
DunedinPatch in Florida tells MHProNews.com in looking at five ‘green’ developments in Dunedin, the Glencairn Cottages stand out as a modular home neighborhood two blocks from downtown. Each of the fourteen homes have 1,500 to 2,000 square feet, attached garages, gourmet kitchens, and energy-efficient appliances, insulation, pipes and ductwork. Built …
PR-USA tells MHProNews.com that UMH Properties, Inc., of Freehold, New Jersey, took out a $11.4 million mortgage loan with Bank of America to refinance two manufactured housing communities in Ohio and Tennessee. At a fixed all-in rate of 4.39 percent, monthly principal payments will be $26,113. Payoff date is Feb. …
MHProNews.com has learned from PHH Mortgage that retired chairman of the Philadelphia Federal Reserve Bank Charles Pizzi has joined the PHH board of directors. According to HousingWire, despite trying to recover from $423 million in debt, the company closed on $36.3 billion mortgages through Q3, 2011, an increase of 19 …
Is This the Revolving Door Our Parents Warned Us About? Read More
A new German design for temporary housing utilizes leaf-like panels made of fiber-reinforced polymer that fit together to create a self-supporting modular dome. Inhabitat tells MHProNews.com the panels are translucent, allowing in daylight and spreading light at night. At 1650 lbs. it has a high strength-to-weight ratio, is easily moveable, …
Frontier Communications Corp. of Stamford, Conn. donated $10,000 to the RV/MH Hall of Fame in Elkhart, Ind. according to RVBusiness. A major provider of communications products to northern Indiana consumers, according to Tom McNulty, executive director and president of the museum, the funds will help maintain the financially struggling facility. …
AZCentral tells MHJProNews.com that Phoenix-based Cavco Industries, Inc. reported at its earnings webcast Feb. 2 its profits mushroomed compared to last year. Net income for the third quarter 2012 which ended Dec. 31 was $1.68 million, or .24 cents a share, as opposed to $24,000 for the same period a …
This week provider of manufactured home loans, Community West Bancshares, parent company of Community West Bank, reported a loss of $8.6 million in the fourth quarter ended December 31, 2011 (4Q11) compared to net income of $1.1 million in the fourth quarter a year ago (4Q10). The company says quarter …
Community West Bancshares Reports Fourth Quarter and Year End Results Read More
From Canada and Nunatsiaq Online, MHProNews.com has learned the business arm of the Kivalliq Inuit Association, Sakku Investments Corp announced this week the company has signed a joint venture agreement with ATCO Structure and Logistics, a firm that specializes in workforce housing. The new company, Sakku ATCO Buildings and Services, …
Bill Dahlin of the Hart, King & Coldren law firm in California has notified MHProNews.com of its success in finally achieving a rent increase for Brentwood Mobilehome Park in Chula Vista, CA. The San Diego County Superior Court approved a $78.00 a month permanent rent adjustment which the city’s Rent …
Newswire from Canada tells MHProNews.com eight leading Saskatchewan credit unions are teaming with the HeadStart on a Home program to provide down payment loans for entry -level buyers to purchase a home. The loans are repayable within five years at Credit Union prime. This $200 million program will provide 1,000 …
MarketWatch informs MHProNews.com that Drew Industries, Inc., will release its Q4 2011 results Monday, Feb. 13 before the market opens, and at 11 AM eastern time that same morning host a conference call to discuss those results. Q and A session will be limited to institutional investors and analysts. Others …
Yahoo! Finance tells MHProNews.com that Cavco Industries, Inc., will release its Q3 2012 earnings report Thursday, Feb 2, 2012 after the market closes. Friday, Feb. 3, 2012, senior management will host a live webcast at 11 AM eastern time to discuss those results. Headquartered in Phoenix, Arizona, Cavco is the …
MHProNews.com has learned that manufactured housing will be part of the Whitehouse Cove marina development project in Poquoson, Virginia, just north of Newport News on the Chesapeake Bay. Robert Brown and Associates had initially proposed building condominiums with the full service marina and the restaurant, but complications about setbacks and …
FinancialNewsNetwork has informed MHProNews.com that two of the three top residential real estate investment trusts (REITs) that have the highest dividend yield in the industry are MHC owners. UMH is number one with a dividend yield of 7.9 percent. UMH has a portfolio of 39 manufactured home communities in New …
Two MHCs Rank First and Second in Dividend Yield Among Residential REITs Read More
SantaFeNewMexican tells MHProNews.com real estate developer Jeff Branch wants to turn his 40 acre tract on the southwest side of Santa Fe, New Mexico, into a manufactured home community. He purchased the property in 2006 and received approval for 222 site-built homes from the city but has been unable to …
Reuters informs MHProNews.com that real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) of Southfield, Michigan will release its fourth quarter 2011 earnings statement on Thursday, Feb. 23, 2012 before the market opens. At 11 AM that same morning a conference call will be held to discuss the earnings statement. …
CapeCodTimes tells MHProNews.com a couple in South Yarmouth, Massachusetts, purchased a modular home from a company in Pennsylvania and allege that it was fraught with manufacturing defects. Upon receiving delivery of the home and noticing problems, they contacted the Massachusetts Department of Safety who ordered the house gutted to evaluate …
Modular Home Construction Compliance Found Lacking Read More
As follow-up to an article we wrote Jan. 16, 2012 about a revived proposal shelved ten years ago to develop an MH community in Ormond Beach, Florida, the Volusia County Council approved plans for the community Jan. 19. OrlandoSentinel tells MHProNews.com the area, near the “Loop”, is a scenic route …
Following up on a story we published Dec. 2, 2011 concerning state felony theft charges against Jo Leigh Ares for allegedly receiving deposits on manufactured homes that were not delivered, MHProNews has learned her Park Girl Sales LLC has filed for bankruptcy. The petition, filed in the U.S. Bankruptcy Court …
Park Girl, Facing Fraud Allegations, Files Bankruptcy Read More
