Company News

Pennsylvania MH Community Owner Sued for not Paying Relocation Costs

The owners of a manufactured home community in Allegheny County, Pennsylvania have been sued by the state attorney general for engaging in unlawful and deceptive business practices. According to akvnews, the civil lawsuit alleges violations of the Manufactured Home Community Rights Act, and the Unfair Trade Practices and Consumer Protection …

Pennsylvania MH Community Owner Sued for not Paying Relocation Costs Read More

Commodore Corporation Acquires Canadian American Homes of Wis.

MHProNews has received word from Goshen, Indian that The Commodore Corporation (TCC) has acquired the assets of Canadian American Homes of Dorchester, Wisconsin, and will begin production of HUD Code and modular homes under the MidCountry Homes brand. Now in its 65th year serving 32 states, TCC is a family-owned …

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Sun Communities Draws Hedge Fund Investors

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 …

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Sunday Morning Recap-Manufactured Housing Industry News July 17-July 24, 2016

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

New Jersey Home Improvement Firm Accused of $1.1 Million Fraud in Modular Home Scam

A Manahawkin, New Jersey construction company and two of its owners have been accused of bilking the federal government and Superstorm Sandy victims out of more than $1.1 million for work either not done or not completed. According to a complaint filed by the New Jersey Department of Community Affairs …

New Jersey Home Improvement Firm Accused of $1.1 Million Fraud in Modular Home Scam Read More

MH Component Supplier Drew to Discuss Q2 Financials

Drew Industries, Inc. of Elkhart, Indiana (NYSE:DW) will release its second quarter, 2016 financials before the market opens on Thurs., Aug. 4, 2016, according to prnewswire. A supplier of components to the manufactured home and recreational vehicle industries, Drew will hold a conference call later that same day at 11 …

MH Component Supplier Drew to Discuss Q2 Financials Read More

UK Hotel will be Modularly Built

MHProNews has learned from constructionenquirer in the UK that Elements Europe has been chosen by Berkeley Homes to manufacture 130 modular rooms for Premier Inn’s hotel in Woolwich, south London. Elements Europe will also make the stair cores and linen rooms as it works closely with EPR architects to finalize …

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Texas Commissioners Deny MHC App, Prompting DJ Pendleton to Come out Swinging

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

Manufactured Home Community Changes Hands in Pennsylvania

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. …

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UMH Properties, Inc. Stock being Pursued

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 …

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22 Million Tune into GOP Convention; the Media Rundown 

Nielsen Ratings reports during the 10 PM eastern time slot when Donald Trump’s wife Melania and former NYC Mayor Rudy Giuliani were addressing the first night of the Republican National Convention, several cable news outlets raised their viewer audience substantially over four years ago, while one slipped in the ratings. …

22 Million Tune into GOP Convention; the Media Rundown  Read More

Patrick Industries Subsidiary Creating 60 Jobs in Mississippi

A division of Patrick Industries, Inc.,a component supplier to the manufactured home and recreational vehicle industries, is investing $600,000 and creating 60 jobs, building a facility to produce countertops in Baldwyn, Mississippi, according to bizjournals. With a scheduled beginning of operations in Sept., 2016, AIA Countertops is a large, natural …

Patrick Industries Subsidiary Creating 60 Jobs in Mississippi Read More

Hedge Funds Upping Stake in Drew Industries, Inc.

MHProNews has been informed by baseballnewssource that BlackRock Institutional Trust Company N.A. upped its stake in shares of Drew Industries Inc. (NYSE:DW) during the first quarter, adding 7.5 percent, according to its most recent disclosure with the Securities and Exchange Commission. The firm now owns 661,687 shares of Drew Industries, …

Hedge Funds Upping Stake in Drew Industries, Inc. Read More

ELS Q2 2016 Indicates Revenue, Income and Community Growth

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

Sunday Morning Recap-Manufactured Housing Industry News July 10-July 17, 2016

What’s New in public focused Manufactured HomeLivingNews.com Educator, Builder Compare Conventional House to Residential Style Manufactured Home Living & Quality Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Section 8 vouchers good for buying manufactured home. CBO: U. S. …

Sunday Morning Recap-Manufactured Housing Industry News July 10-July 17, 2016 Read More

Pine Ridge Manufactured Home Community gets Green Light to Expand

The Pine Ridge Mobile Home Park in Prince George, Virginia, just south of Richmond adjacent to I-295 received the blessings of the Prince George Board of Supervisors to expand the community by 131 home sites, bringing the total to 373. Michigan-based owner Sun Pool I LLC has agreed to install …

Pine Ridge Manufactured Home Community gets Green Light to Expand Read More

Patrick Stock has Risen +58.35 Percent in Seven Months

MHProNews has learned from consumereagle that Gendell Jeffrey L has decreased its stake in Patrick Industries, Inc. (NASDAQ:PATK) by 6.22 percent, based on its latest Q1 2016 regulatory filing, selling 86,165 shares. Gendell has been peeling off Patrick stock in periodic layers since Nov. 2014, no doubt earning a pretty …

Patrick Stock has Risen +58.35 Percent in Seven Months Read More

Large Manufactured Home Community Planned for Southwestern Louisiana

While the Calcasieu Parish police jurors in southwestern Louisiana approved a new 336-site manufactured home community (MHC) by a vote of 13 to 1, as MHProNews reported June 25, 2016, kplctv reports another proposal for a 987-homesite, also in Calcasieu Parish, is running into stiff opposition from a neighborhood organized …

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Drew Industries Included in Top 50 U. S. Manufacturers

Two Elkhart, Indiana-based companies involved in the production of recreational vehicles (RV) have been named to the list of the nation’s best 50 manufacturers. IndustryWeek, a national trade publication, annually ranks manufacturers on factors that include total revenue, growth and inventory turnover. RV manufacturer Thor Industries was named fifth in …

Drew Industries Included in Top 50 U. S. Manufacturers Read More

MHARR Issues a Call to Arms to Defeat the Enactment of DOE’s New Proposal

Noting the Department of Energy’s new proposal is critical to the manufactured home industry because “it is genuinely draconian and will have a drastically negative impact,” the Manufactured Housing for Regulatory Reform’s (MHARR) Mark Weiss, says its final adoption can be stopped with enough pushback. Commenting on a meeting at …

MHARR Issues a Call to Arms to Defeat the Enactment of DOE’s New Proposal Read More

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