The Minot Daily News reports that Judith Lynn Garrett of Minot, South Dakota, passed away July 5. Judith was co-owner of Drew Plaza Manufactured Homes Company of Monticello, Arkansas. She was an avid golfer and had been active in several service organizations inside and outside the military. With …
Passage: Judith Garrett, Co-owner of Drew Plaza MH Company Read More
The Morning Call in East Penn, Pennsylvania, says the Red Maple Acres manufactured housing community in Macungie, PA has received permission from Lower Macungie Township Commissioners to add 29 manufactured homes to the existing 202 units. The township is considering levying owner Big Bear Management Fund $78,052 as a recreation fee, …
The Montreal Gazette reports Tenta Inc., of Quebec, Canada, has developed a modular home that is earthquake and flood-proof. Working with a Haitian company, Maurice Monette designed the 400 square-foot unit as a solution for Haiti’s earthquake refugees. Its high-density foam panels slide into an aluminum frame which allows the …
Earthquake-Proof Modular Homes May Be Coming to Haiti Read More
Newby Management has been appointed as receiver of Sterling Estates in Justice, IL. The nearly 800 site community has been part of Capital First Realty’s portfolio of land- lease communities. At Sterling and another Capital First Realty location, MB Financial Bank has notified occupants of dozens of homes of their …
The San Francisco Chronicle reports from Loma Linda, California, that Hallmark-Southwest Corporation has been chosen by the California Mobile Home Park Owners Association as California Manufacturer of the Year. The company was started by craftsmen in the home building industry in 1976, and continues to be employee owned. Hallmark-Southwest offers …
YourHomeCanada says a company named Modular Additions is busy adding modular second storeys to many of the pre- and post-WWII bungalows that dot Toronto. Owner Vadja Jericevic says there are about 13 basic designs among the 70,000 bungalows in Toronto, and he has drawn up plans for each that can …
Market Watch reports that Sun Communities, Inc. (NYSE:SUI) will release its second quarter 2011 earnings report prior to the opening of the market on July 28, 2011. A conference call to discuss the earnings report will be held that same day at 11:00 AM. Sun Communities is a real estate …
From New Mexico, the Cibola County Beacon says Gateway Mortgage Group has opened a branch in Albuquerque, New Mexico, that will specialize in Federal Housing Administration (FHA) Section 184 loans. The Section 184 Indian Home Loan Guarantee Program was established by Congress in 1992 to provide Native Americans with access …
Privately Run Government-Funded Mortgage Program Will Not Finance MH Read More
Defense Video and Image Distribution System (DVIDS) reports the U.S. Army Corps of Engineers (the Corps) has let two contracts to prepare sites for homeless survivors of the May 22 Joplin, Missouri, tornado. Two sites for Federal Emergency Management Agency (FEMA) homes are being developed near the Joplin Regional Airport. …
Market Watch says Sun Communities, Inc., (NYSE:SUI) has declared a quarterly dividend of $0.63 per share for the second quarter 2011, payable July 22, 2011 to shareholders as of July 12, 2011. The company has 21.5 million outstanding shares. Sun Communities, a real estate investment trust (REIT) owns and operates …
PR Newswire says UMH Properties, Inc. (NYSE Amex: UMH) has added three manufactured home communities in Tennessee to its portfolio. The 693 home sites on 209 acres cost $13,300,000. UMH now owns 38 manufactured home communities comprising 8,744 home sites in Tennessee, New York, Pennsylvania, Ohio and New Jersey. This …
Reuters reports that Sun Communities, Inc., of Southfield, Michigan, whose portfolio includes 155 communities and 53,500 sites, acquired 17 manufactured home communities and one RV community from Kentland Corporation of Grand Rapids, MI for $142.3 million. The 18 communities are in western Michigan and include 5,042 manufactured home sites and …
Land Lease Community Ownership Conglomerates Again Read More
The Charlotte Observer reports from North Carolina that Universal Forest Products, Inc., will hire 49 workers upon opening a second facility in Salisbury, NC. With $80,000 in state grant money, this manufacturer of wood and wood-alternative products for the manufactured housing, retail and construction markets will invest $2.6 million over …
The Statesman Journal reports from Salem, Oregon, that Palm Harbor Homes is supplying the Oregon State Fairgrounds with 25 small modular homes to comprise the Oregon Youth Village, replacing a series of dormitories that were structurally unsound. State law requires the State Fair to house 4H and Future Farmers of …
Palm Harbor Supplies State Fair with Modular Homes Read More
MHMSM.com has learned that Chicago-based private equity real estate investment firm Green Courte Partners LLC has named Keith Balowek Managing Director, Parking Acquisitions. With 30 years real estate experience in a number of private and public companies, Mr. Balowek was involved in the acquisition of more than $500 million parking …
Estelle Victoria Rand, 83, mother of Richard (Rick) Rand of Great Value Homes, Inc., of Milwaukee, Wisconsin, passed away after an extended struggle on June 25. Rick Rand’s Great Value Homes is a well known manufactured home community operator and has been selling factory-built homes since 1984. MHMSM extends its sincerest …
MHMSM.com has learned that HME Solar Solutions of the Netherlands has developed a factory-built home with a solar panel roof that will not only function as the sole energy source for the small vacation home, but can combine with other HME homes to generate energy for a community. The entire …
The Daily Profit Blog reports that two of the top five small cap stocks for June 23 were manufactured housing stocks. Skyline Corporation (NYSE:SKY) gained 7.8 percent, and Cavco Industries (NASDAQ:CVCO) was up 4.8 percent, turning in the third and fourth best performances, respectively, for the day. The report says …
In following up on a story we published here June 13, The Greeley Tribune in Colorado reports the Evans City Council unanimously voted to change the terms for manufactured homes in the Cave Creek manufactured housing community, for one year. Instead of having to be less than four years old, …
Age-based MH Regulation Out, Aesthetically Pleasing MH In Read More
TakeoverChatter reports that Equity LifeStyle Properties (ELS) is one of five companies to hit a 52-week high June 20. The higher price may be the result of investors thinking the stock is undervalued, and their demand pushes the price higher. ELS Chairman Sam Zell recently led his company in acquiring …
