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Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016

By / May 8, 2016 / Advocacy, Announcements, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trade Shows

What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing …

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More

UMH Wins Manufactured Home Community of the Year Award

By / May 7, 2016 / Awards, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has been notified by broadwayworld that UMH Properties, Inc. (NYSE:UMH) won the Manufactured Housing Institute’s (MHI) Land Lease Community of the Year award for the Northeast/Mid-Atlantic Region, presented at the 2016 MHI Congress and Expo in Las Vegas, May 4, 2016. Pine Manor is an active 55+ community in …

UMH Wins Manufactured Home Community of the Year Award Read More

Innovative Building Systems filing for Bankruptcy, closing Keiser in Maine

By / May 7, 2016 / Announcements, Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

MHPronews has learned from wmtw in Oxford, Maine that modular builder Keiser Homes is abruptly closing, ending work for 120 employees. Officials laid off 60 employees in April and said they would return by mid-May, but that was not to be. According to Julie Rabinowitz of the Department of Labor, …

Innovative Building Systems filing for Bankruptcy, closing Keiser in Maine Read More

Passages: Marcia Sinclair Carabell

By / May 6, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Obituary, People

The Ohio Manufactured Homes Association (OMHA) reports Marcia Janie “Marnie” Sinclair Carabell, entrepreneur and one time owner of four manufactured home communities, passed away at her home in Hudson, Ohio, May 2, 2016. She was the owner of Oak Leaf Mobile Home Park in Cuyahoga Falls, Ohio, which she purchased …

Passages: Marcia Sinclair Carabell Read More

Clayton Underwrites Third Annual Asheville Home Show

By / May 7, 2016 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Clayton Homes will be hosting it’s Annual Asheville Home Show at the Western North Carolina Agricultural Center in Fletcher, NC Fri., May 6 thru Sun., May 8, 2016. Now in its third year, the event is free and open to the public, children are welcome according to mountainx. While there …

Clayton Underwrites Third Annual Asheville Home Show Read More

Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good

By / May 7, 2016 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Despite all the criticism aimed at Berkshire Hathaway’s Clayton Homes over allegations of predatory and discriminatory lending through its two finance wings, marketing director Carl Hill said Clayton has had a very good spring and continued year-over-year growth, according to reuters. As MHProNews has reported monthly, manufactured home (MH) production …

Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good Read More

Architectural Firm and Builder Collaborate on Modern Modular Homes

By / May 6, 2016 / Business, Canada, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Combining old world craftsmanship with modern modular designs has brought together a partnership combining East Coast Modern, which is an architectural firm in Halifax, Nova Scotia, with builder Lloyoll Built, and the Port Mersey Commercial Park, where the modules are being built in Warehouse B. Formerly the Bowater Mersey Paper …

Architectural Firm and Builder Collaborate on Modern Modular Homes Read More

Alberta Wildfires have Driven Residents to Safety in Workforce Housing

By / May 5, 2016 / Canada, Company News, Events, Factory-Built Homes, Manufactured and Modular Housing News, Modular

While the wildfire engulfing Fort McMurray in Alberta, Canada has burned 1,600 buildings and forced 80,000 people to flee their homes, stocks for companies that produce temporary accommodations have shot up as much as 35 percent, according to what bloomberg tells MHProNews, although Andrew Bradford of Raymond James, Ltd. says …

Alberta Wildfires have Driven Residents to Safety in Workforce Housing Read More

At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble

By / May 5, 2016 / Business, Company News, Events, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Thousands of enthusiastic followers descended on Lincloln, Nebraska to hear Warren Buffett, Chairman of Berkshire Hathaway, the parent of Clayton Homes, expound at the company”s annual meeting, as housingwire tells MHProNews. According to Fortune, Buffett said the housing market is on stable footing, noting, “I don’t see a nationwide bubble …

At Annual Meeting of Berkshire Hathaway Warren Buffett sees no Housing Bubble Read More

Drew Wastes no Time Moving on Europe

By / May 4, 2016 / Announcements, Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Following a story MHProNews posted April 29, 2016 regarding Drew Industries increasing its line of credit from $100 million to $200 million, with up to $50 million earmarked for approved foreign currencies, the component supplier to the manufactured home (MH) and recreational vehicle (RV) industries, has acquired Project 2000 S.r.l., …

Drew Wastes no Time Moving on Europe Read More

MH Lender Cascade Financial Services Acquired by Centerbridge

By / May 4, 2016 / Announcements, Business, Company News, Factory-Built Homes, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Modular

Funds advised by private investment firm Centerbridge Partners, L.P. will acquire Southwest Stage Funding, LLC, dba Cascade Financial Services, a lender to buyers of manufactured homes, according to what prnewswire tells MHProNews. Following the closing of the transaction, which is scheduled to be finalized in the third quarter of 2016, …

MH Lender Cascade Financial Services Acquired by Centerbridge Read More

MHRE_inc

MHRE Expanding its National Footprint

By / May 11, 2016 / Announcements, Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

MHProNews has been informed MHRE Inc., Manufactured Housing Group, the real estate brokerage and advisory company predicated exclusively in the manufactured housing and recreational vehicle asset class, announces it is expanding from its Detroit home office to open locations in Orlando, Fla. and San Diego, Calif. to better serve its …

MHRE Expanding its National Footprint Read More

MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota

By / May 4, 2016 / Advocacy, Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Following a post MHProNews published April 30, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in St. Anthony, a suburb of Minneapolis, tcdailyplanet reports residents of the community have gathered to discuss their options in trying to maintain Lowry as their home. They would have to …

MH Community Residents Organizing to Prevent Closing of Lowry Grove in Minnesota Read More

New Manufactured Home Community Considered for Alberta, Canada

By / May 4, 2016 / Announcements, Business, Canada, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from mygrandeprairienow that a new manufactured home community (MHC) may be in the works for Grande Prairie, Alberta, Canada. Developers are considering property currently being used for agriculture production as the site. The city will take under advisement amending a bylaw to rezone the property, changing it …

New Manufactured Home Community Considered for Alberta, Canada Read More

Guerdon Modular Picks up where Zeta Communities Dropped

By / May 3, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Upgrading a post from March 28, 2016 regarding the closing of the Zeta Communities modular building plant in McClellan Park in Sacramento, Calif., MHProNews has been informed Guerdon Modular Buildings in Boise, Idaho is picking up some of Zeta’s unfilled contracts. Guerdon produced the apartments for Eviva midtown apartment building …

Guerdon Modular Picks up where Zeta Communities Dropped Read More

Calif. Resident-owned MHC Obtains Freddie Mac Financing

By / May 2, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned from Daniel Din, who manages the MHC (manufactured home community) Lending Program for Freddie Mac, of Grandbridge Real Estate Capital’s $3,600,000 permanent fixed-rate loan arranged for the Apache Mobile Home Park in Yucca Valley, California in San Bernardino County. Built in 1963, the 136-home site resident-owned community …

Calif. Resident-owned MHC Obtains Freddie Mac Financing Read More

Michigan’s Meritus Acquires Lake Villa MHC, Plans Upgrades

By / May 1, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

Based in Bloomfield Hills, Michigan, Meritus Communities recently finalized its acquisition of Lake Villa Manufactured Home Community in Oxford Township, and said it will spend $1 million to upgrade the community beginning within 120 days, according to oxfordleader. New Manager Edith Belen, a 25-year veteran of managing manufactured home communities …

Michigan’s Meritus Acquires Lake Villa MHC, Plans Upgrades Read More

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016

By / April 30, 2016 / Advocacy, Announcements, Awards, Business, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Tornadoes, Hurricanes, Conventional Housing and Manufactured Homes Video Report What’s New in Manufactured Housing Industry Professional News MHC closing in Minneapolis. CFPB constitutionality challenged. MHARR, MHI spar over DTS and chattel lending. Clayton acquires another site-built home builder. Champion expanding into Kentucky. Drew …

Sunday Morning Recap-Manufactured Housing Industry News April 24-May 1, 2016 Read More

Champion Homes Expanding Operations in Kentucky

By / April 29, 2016 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Champion Home Builders will invest $6.3 million in a manufacturing plant in Benton, Kentucky, leasing a 100,000 square foot facility and create up to 150 jobs for production of manufactured homes, according to kyforward. As encouragement to the investment in the community, the Kentucky Economic Development Finance Authority has initially …

Champion Homes Expanding Operations in Kentucky Read More

Manufactured Home Community Closing in Minneapolis

By / April 30, 2016 / Announcements, Business, Communities, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes

The Lowry Grove manufactured home community (MHC) in St. Anthony, Minnesota, will be closing in a year for redeveloping, as startribune informs MHProNews. The 15 acre community with 97 factory-built homes, some pre HUD Code, follows a string of MHC closings in the northern Minneapolis metropolitan area. According to Metropolitan …

Manufactured Home Community Closing in Minneapolis Read More

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