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

What’s New in public focused Manufactured HomeLivingNews.com Bad and Good – Two Sides – Manufactured Home Living and News Reporting What’s New in Manufactured Housing Industry Professional News Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter …

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

Carlyle Group is one Resident Away from Updating Coastal MHC in CA

MHProNews published a story Sept. 22, 2015 regarding private equity firm The Carlyle Group’s collaboration with Pacific Skies Estates, a 93 site manufactured home community (MHC) on the Pacific, and investing $42 million to upgrade the community with new, high-end MH that will be rented. The plan includes building a …

Carlyle Group is one Resident Away from Updating Coastal MHC in CA Read More

Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers

Eight investor-owned utilities in Southern California participating in a program to upgrade old and defective gas pipelines and electric power lines in manufactured homes will pass on the costs to their ratepayers to cover the program. Many of the systems have not been upgraded in decades. Part of the impetus …

Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers Read More

Skyline Reports Earnings Per Share Increase

MHProNews has learned from zolmax that in its most recent quarterly financials, Skyline Corp. reports it earned +0.20 earning per share (EPS), well above the -0.41 it reported for the comparable quarter last year. No other quarterly reporting financial information was immediately available. Skyline has a 52-week low of $2.17 …

Skyline Reports Earnings Per Share Increase Read More

Manufactured Home Retailer Allegedly Absconds with Customers’ Funds

After receiving what he said were threats following a CBS7 report that his son was allegedly taking advantage of customers in his manufactured home business, Odessa, TX businessman Angel Nabarette said of his son’s business, “If anything needs to be reported, it’s that Five Star Manufactured Homes is ripping people …

Manufactured Home Retailer Allegedly Absconds with Customers’ Funds Read More

Portion of Manufactured Home Community to Close

According to the bemidjipioneer, a public hearing will be held Tue., Jan 19 to consider the closure of the western half of the Westwood Acres Mobile Home Park in Bemidji, Minnesota. Although no reason was given for the closing, the hearing is to discuss the impact of the closing of …

Portion of Manufactured Home Community to Close Read More

UMH to Release Financials in March

MHProNews has learned from prnewswire that real estate investment trust (REIT) UMH Properties, Inc. (NYSE:UMH) will release its fourth quarter and 2015 year-end financial results on Wed., March 9, 2015 following the close of the New York Stock Exchange. Senior management will discuss the results the following day, Thurs., March …

UMH to Release Financials in March Read More

Manufactured Homes have Gone to Pot

MHProNews has learned from einnews that Wisdom Homes of America (OTC PINK:WOFAD) of Tyler, Texas is discontinuing its manufactured home retail centers and returning their energies back to the cannabis industry that has served them well beginning in 2010, according to Jim Pakulis, CEO of Wisdom. Now legal for medical …

Manufactured Homes have Gone to Pot Read More

Democratic Lawmakers want DOJ to Investigate Clayton Homes, lenders in wake of Seattle Times/BuzzFeed report

Four Democratic House Representatives have asked the Justice Department to look into allegations of Clayton Homes and their related lenders alleged targeting of minority borrowers, based on the advocacy journalism of the Seattle Times and BuzzzFeed’s Mike Baker and Daniel Wagner. Baker and Wagner have been described as making a career …

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Aussie 578 Site Manufactured Home Community Iced

MHProNews has learned from northernstar.au that the Lismore City Council, in Queensland, Australia has unanimously rejected a proposal for a $10 million, 578 home site manufactured home community (MHC) in Goonellabah because details of the proposal do not line up with what was initially presented to the council. Originally, developer …

Aussie 578 Site Manufactured Home Community Iced Read More

Plans for Modular Home Production did not Materialize

MHProNews last posted a story Aug. 18, 2014, regarding the sale of portions of Bridgeton’s (New Jersey) Municipal Port Authority to Renewable Jersey, LLC of Mercer County for the production of modular homes. The plan was to create up to 120 local jobs in the 83,000 square-foot warehouse. The state’s …

Plans for Modular Home Production did not Materialize Read More

Green Modular Home Designed to last 300 Years

Tedd Benson at Bensonwood in Walpole, New Hampshire approaches modular home design by considering the function and usable life of six distinct interconnected layers: site, structure, skin, space plan, systems, and stuff, as treehugger informs MHProNews.. The structure is designed to last 300 years, wrapped in an extremely-efficient thermal envelope, …

Green Modular Home Designed to last 300 Years Read More

Manufactured Housing REITs Return Over 25 Percent

The National Association of Real Estate Investment Trust’s (NAREIT) Senior Vice President for Research and Information, Brad Case, said in 2015 stock exchange-listed equity REITs outperformed most other asset classes, even though the year was not particularly strong for REITs. Noting that December was a microcosm of the 2015, Case …

Manufactured Housing REITs Return Over 25 Percent Read More

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016

What’s New in public focused Manufactured HomeLivingNews.com What PBS NewsHour Missed About Manufactured Home Living Nicole Barker compares her Modular Home with conventional construction What’s New in Manufactured Housing Industry Professional News FHFA may securitize chattel loans. PBS NewsHOur critical of MH industry, as HUD Code production gains sharply in …

Sunday Morning Recap-Manufactured Housing Industry News Jan. 3 -Jan. 10, 2016 Read More

RV/MH 2016 Hall of Fame Inductees Announced

The nominating committee for the inductees into the RV/MH Hall of Fame had to narrow down a field of 72 to ten people, as MHProNews understands. The Board of Directors of the Heritage Foundation hereby presents the Class of 2016: Gary Bunzer, Bunzer Consulting, 40 years as an RV training …

RV/MH 2016 Hall of Fame Inductees Announced Read More

Marcus & Millichap Arrange sale of Fla. Manufactured Home Community

MHProNews has been informed by Marcus & Millichap that the real estate investment services firm has arranged the sale of Oak Meadows Mobile Home Park in Lakeland, Fla. for $1,125,000. Dan Mulkey of M&M’s Tampa Bay office represented both buyer and seller in the transaction. The 9.8 acre manufactured home …

Marcus & Millichap Arrange sale of Fla. Manufactured Home Community Read More

Former MHC Titan’s Tony Condo Yields $4.25M

The 7,000 square foot duplex condominium penthouse once owned by Richard Klarchek, former head of Chicago-based Capital First Realty, which owned a portfolio of manufactured home communities (MHCs) around the Midwest, sold for $4.25 million last month, according to chicagobusiness. It came on the market in Feb. at $6.4 million. …

Former MHC Titan’s Tony Condo Yields $4.25M Read More

Marcus& Millichap Notches another MHC Sale

MHProNews has learned from Marcus & Millichap that Dan Mulkey, vice president investments in the firm’s Tampa Bay office, arranged the sale of Livingston Mobile Home Park in Lutz, Fla. The 65 home site manufactured home community (MHC), set on ten acres, sold for $1,465,000 to a Tampa-based buyer who …

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Clayton Teams with Electrolux

MHProNews has leaned from prnewswire that Clayton Homes has partnered with AB Electrolux to offer a complete selection of refrigerators, dishwashers, ovens, washing machines and other household appliances as options for its homes. Each of Clayton’s 36 facilities across the U. S. will be outfitted with Electrolux products. Clayton CEO …

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Capital One Provides Loan for Purchase of Calif. Manufactured Home Community

A press release from Capital One reveals it has arranged a $3.27 million Fannie Mae adjustable-rate loan for the purchase of Sierra Mobile Home Park in Santa Clarita, California. The seniors-only community has 74 home sites and features a clubhouse, pool and laundry room. Senior Vice President Chad Thomas Hagwood, …

Capital One Provides Loan for Purchase of Calif. Manufactured Home Community Read More

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