As oil drilling in North Dakota scales back due to the worldwide drop in oil prices, Morningstar Credit Ratings tells nationalmortgagenews nearly $125 million in securitized loans backed by real estate may be in jeopardy. The debt represents over a third of nearly $340 million of commercial mortgage-backed securities connected …
Real Estate Losses in Western North Dakota Start to Mount Read More
MHProNews has learned that usmodularinc reports Europeans have been eying the U. S. housing market for years with their improved technology in the area of prefabricated homes, and have begun to jump in, much like the Japanese did with small, high mileage, inexpensive cars. Eschewing converting an existing building to …
U. S. Modular Home Builders need to Sharpen their Saws Read More
According to a document filed with the Securities and Exchange Commission, MHProNews has learned from dakotafinancialnews Jeffrey L. Et Al Gendell has sold another block of Patrick Industries, Inc. (NASDAQ:PATK) stock. As recorded Dec. 29, 25,000 shares were sold at an average price of $43.01, for a total transaction value …
What’s New in public focused Manufactured HomeLivingNews.com College Education Made In Perpetuity – The Kalamazoo Promise; Von Washington Jr – where Affordability and Quality of Life Meet Home/Manufactured Home Article/Lies, Advocacy Journalism and Statistics – Seattle Times/BuzzFeed Attacks, Warren Buffett’s Clayton Homes Defends – charges of Racism and Discrimination – …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 27, 2015-Jan. 3, 2016 Read More
MHProNews has learned from wave3 that Kentucky-based SSK Communities has acquired two manufactured home communities (MHCs) in Evansville, IN comprising 1,100 home sites, both of which will have new names. Eastbrook Manufactured Housing Park will become Waterford Pointe, and Westbrook Manufactured Home Park will be renamed Grandin Pointe. SSK partner …
SSK Adds Two Manufactured Home Communities in Indiana Read More
In a disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned that on Dec. 24, 2015 Jeffrey L. Et Al Gendell unloaded another block of Patrick Industries, Inc. (PATK) stock. The 15,431 shares were sold at an average price of $42.07 for a total value of $645,395.87, …
While the U. S. stock exchanges are closed today in honor of New Year’s Day, MHProNews is offering a comparison of MH-related stocks we cover daily from Jan. 1. 2015 to Dec. 31, 2015. The first quote shown for each stock is from Jan. 1, 2015, the second is from …
Stock Markets Closed Today; Peruse 2015 in MH-Related Stocks Read More
In insider trading, Chales E. Lott, president of Fleetwood Homes, a division of Cavco, Industries (CVCO), sold 1,516 shares of company stock at an average price of $95.25 per share for a transaction valued at $144,399.00. He currently owns 2,000 shares of the company with a value of $190,500, according …
Manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) share price marked a new 52-week high in Monday’s session, Dec. 28, reaching $66.33, according to putnamstandard, but closed even higher Tue., Dec. 29, at $66.81, as reported in MHProNews stock report. On the Dec. 28 report, four investment analysts gave …
A Long Island, NY contractor, Andrew Troiano, and his firm Alt Design & Construction Consulting, Inc., have been charged with stealing over $175k from three victims, two of whom were to receive modular homes to replace their homes destroyed by Hurricane Sandy on Breezy Point, according to theforumnewsgroup. The third …
Following a story MHProNews posted Dec. 17, 2015 regarding a diseased tree that Sun Communities (SUI) was ordered to remove from Water Oak manufactured home community in Lady Lake, FL, villages-news reports as of Sunday, the tree was still there. Special Magistrate Valerie Fuchs ordered Sun to remedy the tree …
Sun Leaves Diseased Tree, Declares Quarterly Dividend Read More
Formulating a seven-year adjustable-rate loan with a two-year interest only period, Capital One has arranged a Freddie Mac $11.719 million refinance for Starlight Mobile Home Park senior-only manufactured home community (MHC) in El Cajon, CA. Senior Vice President Chad Thomas Hagwood, of the Birmingham, AL multi family office, originated the …
Capital One Provides $11M+ Loan for Starlight in Southern CA Read More
MHProNews has learned from yumasun that manufactured home community (MHC) Rancho El Mirage is nearing completion in Wellton, Arizona. The 55-and-older restricted, gated community, built around select holes of the Coyote Wash Golf Course, has 202 home sites, and offers extensive amenities, including fishing and boating, a pool and spa, …
What’s New in public focused Manufactured HomeLivingNews.com Saving the American Dream for a Soldier, new Wife and Family What’s New in Manufactured Housing Industry Professional News MHARR slams FHFA for excluding chattel loans. Ordinance prevents more MH in the community. Assessments on MH sites maddens owners. Block grants to replace …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 20-Dec. 27, 2015 Read More
Maureen Rude, the former director of the Montana Fannie Mae Partnership office and executive director of the Montana Board of Housing, will become the new Executive Director of NeighborWorks Montana in Jan., 2016, according to greatfallstribune. Rude has served as director of lending and operations for eight years. The previous …
In a continuing sell-off of Patrick Industries, Inc. (NASDAQ:PATK) stock, Jeffrey L. Et Al Gendell sold 59,659 shares of company stock, according to a disclosure filed with the Securities and Exchange Commission (SEC) dated Dec. 23, 2015. The shares were sold at an average price of $41.41 for a total …
Kaj and Carla Sorensen would like to add three more manufactured homes to their Sorensen Rentals manufactured home community (MHC) in Milton, Fla., but the city’s Code of Land Ordinances is not zoned to allow any more non-conforming structures, according to what srpressgazette tells MHProNews. City Planner Randy Jorgenson said, …
City Ordinance Prevents Siting of more MH in Community Read More
According to a required filing with the Securities and Exchange Commission (SEC), Tontine Capital Partners LP disclosed that it has a 9.3 percent stake in the common stock of Elkhart, IN-based Patrick Industries, Inc. (NASDAQ:PATK). Tontine currently owns 1,439,778 shares of stock valued at $60,225,914, as reported by dakotfinancialnews. Other …
Tontine Discloses Ownership of 1.43M Shares of Patrick Read More
MHProNews has learned that Pleasant Valley Homes, Inc., of Pine Grove, Pennsylvania has acquired Fork Creek Park Model Recreational Vehicles, an Amish-built maker of vacation and recreation homes, which will now be built in the company’s state-of-the-art facility in Schuylkill County, PA. Pleasant Valley currently produces Pine Grove HUD Code …
For its fiscal year ending Oct. 31, 2015, Nobility Homes, Inc. (OTCQX:NOBH) reported sales for the year rose 32 percent $27,836,804 as compared to $21,152,259 recorded in fiscal year 2014, according to what yahoo.finance tells MHProNews. Income from operations (IFO) for FY 2015 nearly tripled over last year’s numbers of …
