The proposed redevelopment of eight modular homes in Marathon, Fla. in the Keys, was unanimously approved by the Marathon Planning Commission despite vigorous protest from a neighbor, as keysnet tells MHProNews. Melody Aldacosta, who has lived in Marathon 71 years, will have to share part of her driveway with people …
Modular Home Re-development Approved for the Florida Keys Read More
The Tennessee State Fire Marshal’s Office (SFMO), as part of the ‘Get Alarmed, Tennessee’ program, is partnering with the Tennessee Manufactured Housing Association (TMHA) to conduct a smoke alarm canvass, providing smoke alarms to groups and organizations that are willing to install them for people in need. According to what …
Volunteers Install Smoke Alarms in Manufactured Homes Read More
MHProNews has learned from financial-market-news that Amerprise Financial Inc. increased its stake in Drew Industries, Inc. (NYSE:DW) by 5.6 percent as of 12-31-2015, adding 12,306 shares of company stock, and now owns 233,706 shares. Its stake of 0.97 percent ownership is valued at $14,230,000 as of the end of Q4 …
Drew Draws Stakeholders while Neighbor Patrick Insider Sells Stock Read More
Word has come from Joe Kelly of the IAMHA that Margaret Dubil, owner/operator of the Glendale Mobile Home Park in Bettendorf, Iowa has passed away at the age of 99. A member of IAMHA for many decades, she was very supportive of the organization’s efforts. A world traveler and Gray …
Three manufactured home communities (MHC) have landed in the portfolio of Zeman Homes as the result of a $9 million Associated Bank loan in the Ann Arbor area of Michigan, according to what rebusinessonline tells MHProNews. Wagon Wheel in Canton, MI, Wagon Wheel South in Belleville and Carleton Mobile Home …
Zeman’s $9 Million Loan Acquires three MHCs in Michigan Read More
Morgan Management, the owner of the Allendale Pines manufactured home community (MHC) in Pittsfield, Mass., wants to raise rents by $70/month to pay for improvements to the community in advance of selling it to a group represented by James Baldyga of Springfield, MA. Two dozen residents of the community attended …
MHC Owner wants Rent Hike in order to Sell Community Read More
MHProNews has learned from euroinvestor that Sun Communities, Inc. (NYSE:SUI) has issued an underwritten public offering of 4,000,000 million shares of its common stock, with a 30-day option for the underwriters to purchase up to 600,000 additional shares. Sun intends to use the funds for its previously announced $1.68 billion …
Sun Communities Raising Funds to Pay for Carefree Acquisition Read More
An ex-offender who served time for mail fraud is now hiring other former inmates for positions in ten different start-ups, including one, Work Pittsburgh, that is building modular homes in the Pittsburgh area. Daniel Bull founded Zero Six Eight as a for-profit incubator with one distinct qualification: you have to …
In insider trading, Drew Industries, Inc. (NYSE:DW) insider Nick C. Fletcher sold 878 shares of Drew at an average price of $63.93 for a total value of $56,130.54. The company reported a quarterly dividend for shareholders of record April 1, 2016 of $0.30 per share to be paid on April …
Headquartered in Southfield, Michigan, Sun Communities, Inc. (NYSE:SUI) is acquiring Carefree Communities Inc. from Centerbridge Capital Partners II, LP for $1.68 billion in aggregate, which includes $1.655 billion for the communities, $16.0 million for manufactured homes and park models, and $9.0 million for a community recently acquired by Carefree. Additionally, …
MHProNews has learned from thinkstewartville that the Stewartville, Minnesota City Council unanimously approved a conditional use permit for the expansion of Northridge Estates manufactured home community (MHC) by 71 home sites. Owned by Sun Communities, Inc., (NYSE:SUI) the 12.75-acre land will be home to a mix of single-section and multi-section …
Writing in seekingalpha, Brian Grosso tells MHProNews Deer Valley Corp. (OTCQX:DVLY) common stock is undervalued and may be a good investment because the stock is trading so low for no apparent reason. The company survived the disastrous downturn following the housing bubble, during which a number of manufactured and modular …
MHProNews has learned from fidaily that the common stock of UMH Properties, Inc. (NYSE:UMH) reached a 52-week high of $10.79 on Friday, March 18 before slipping -0.58 and ending at $10.07. The company recently declared a quarterly dividend of $0.18 per share, representing an annualized payment of $0.72 to shareholders …
What’s New in public focused Manufactured HomeLivingNews.com Surprising Solution, Roadblocks to U.S. Affordable Housing Crisis What’s New in Manufactured Housing Industry Professional News Manufactured home communities sell in VA, FL and MN. MHI insists GSEs make individual chattel loans. Letter to editor compliments MH. Community fined for violating Fair Housing …
Sunday Morning Recap-Manufactured Housing Industry News March 13-March 20, 2016 Read More
The Board of Directors of Drew Industries, Inc. (NYSE:DW) of Elkhart, Indiana has declared a cash quarterly dividend of $0.30 per share of common stock, as prnewswire tells MHProNews. Payable on April 15, 2016 to shareholders of record as of the close of business on April 1, 2016, Drew’s CEO, …
MHProNews has been notified by the Department of Justice the owner/operator of Mere’s Mobile Home and Recreational Vehicle Park in North Fort Myers, Fla. has agreed to pay $40,000 to settle claims he discriminated against African-Americans in violation of the Fair Housing Act. Owner and operator Thomas Mere allegedly told …
MHC Owner Fined for Discriminatory Practices at his Community Read More
Builder of eco-friendly, sustainable modular homes, Geenfab announced it has completed its new factory in Washington state in anticipation of reaching a broader market in the West and beyond. Founder Johnny Hartsfield said the new facility will help the company expand production and services to clients. “We continue to focus …
With over 4,000 homeless people on the streets every night in San Jose, California, and 6,500 homeless in Santa Clara County, city officials plan to install manufactured homes on a plot of city-owned land to house up to 170 people. Purchased with state development funds, each home will have six …
MHProNews has learned from financial-market-news that Dimensional Fund Advisers LP raised its stake in manufactured and modular home builder Cavco Industries, Inc.(NASDAQ:CVCO) by 8.8 percent during Q4 2015. After purchasing an additional 29,519 shares, the firm now owns 366,796 shares of Cavco stock. Dimensional now owns 4.12 percent of Cavco …
Institutional Investors Increase Stake in Cavco Industries Read More
Franklin Homes of Russellville, Alabama has informed MHProNews that Joel S. Logan II has been tapped to serve as General Manager of Franklin, a post he assumed March 14, 2016. With over 20 years in the manufactured housing industry, Logan led the founding of Pinnacle Homes of Alabama in 1996, …
