The San Mateo County Board of Supervisors in California adopted an temporary urgency ordinance to prevent eight manufactured home communities (MHCs) from closing or converting for the next 45 days in an attempt to keep affordable housing available in the Bay Area. The Bay Area is one of the most …
CA County Issues Ordinance to Ban Manufactured Home Community Closure Read More
Peter Morrissette, of PEM Real Estate LLC, had petitioned the Zoning Board of Adjustment in Laconia, New Hampshire for a zoning variance to allow him to use what had been St. Helena Mission Church as a storage facility. However, stiff opposition from the neighbors, and Warren Hutchins, the chairman of …
A 100-unit full service modular lodging complex in Sydney, Montana will go on the online auction block Dec. 3, 2015, with the bidding starting at $2,000,000, conducted by CBRE. Built in 2013, Eagles Lodging housed oilfield workers in the Bakken Shale and Williston Basin in North Dakota, according to bakken. …
MHProNews has learned from insidertradingreport that UMH Properties, Inc. (NYSE:UMH) director Matthew I Hirsch purchased 1,053 shares of the company, a transaction disclosed Nov. 17, 2015 to the Securities and Exchange Commission. Mr Hirsch acquired the shares at $9.50 per share for a total transaction of $9,999.99. UMH shares have …
The Delaware Attorney General’s office has filed a lawsuit against Chicago-based Hometown America Communities Inc., the owner of three Delaware manufactured home communities (MHC ) for allegedly pressuring tenants into waiving their right to arbitrate rent increases, according to delaware1059. Residents at Angola Beach Estates, Rehoboth Bay and Barclay Farms …
President and CEO of Clayton Homes, Inc. since 1999, Kevin T. Clayton is a board member of Ruby Tuesday, Inc., and on Tue., Nov. 10, 2015, purchased 20,000 shares of company stock at $5.20 per share for a total value of $104,000. As wkrb13 reports, in a document filed with …
In a transaction dated Nov. 11, 2015, Drew Industries (NYSE:DW) Director Leigh J. Abrams sold 6,000 shares of Drew stock at $59.27 per share for a net value of $355,620.00, according to a filing with the Securities and Exchange Commission. Mr. Abrams now owns 74,506 shares valued at $4,415,970.62, according …
What’s New in Manufactured Housing Industry Professional News $25k can apply to MH in Ala. and Long Island. Insider trading: Cavco, UMH, Sun, Drew. MH securitizer beats Zacks consensus. Ordinance allows newer homes only. Log cabin builder honored. Former Ginnie Mae head says mortgage reform unlikely. One Fed Head says …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 8-Nov. 15, 2015 Read More
According to americantradejournal, on Nov. 5, 2015 Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,000 shares of UMH stock at $9.92 per share for a total of $49,652.62. As MHProNews reported Aug.18, 2015, Landy purchased 5,479 shares of UMH at $9.12 per share for …
MHProNews has learned from insidertradingreport that the president of Fleetwood Homes division of Cavco Industries, Inc. (CVCO), Charles E. Lott, sold 1,516 shares of Cavco stock on Nov 6, 2015, as reported to the Securities and Exchange Commission. The shares were sold at $95.25 for a total value of $144,399.00. …
Blue Ridge Log Cabins of Campobello, South Carolina has received two national home building awards during the Building Systems Council’s (BSC) Showcase, which is the only national conference and educational event focused exclusively on the systems-built industry. As prnewswire informs MHProNews, Blue Ridge was honored as part of the 2016 …
Upscale Log Cabin Builder Honored at Building Systems Showcase Read More
One of the presenters at the Victorian Manufacturing Industry Showcase at Dandenong in Australia was modular home builder Prebuilt, as MHProNews understands. Established in 2003 in the Melbourne suburb of Kilsyth, Managing Director Rob Colquhoun said the company has moved away from conventional kit homes and is developing efficiencies that …
The operators of a 113- year-old community-based organic farm in East Austin, Texas, have had their fears of losing the farm to a luxury manufactured home (MH) development allayed, according to what mystatesman tells MHProNews. The Green Gate Farms occupies a portion of 250 acres purchased by Roberts Resorts of …
Organic Farm may share Space with Luxury Manufactured Homes Read More
MHProNews has been informed that a collaboration beginning in Dec. 2015 between Champion Home Builders, Inc. and MHVillage will provide the opportunity for visitors to MHVillage to connect with Champion retailers across the country for availability of different models. Additionally, through its extensive network of manufactured home communities (MHC), MHVillage …
Champion Homes and MHVillage Link up to Market Homes Read More
Jamie Schnur, Chief Administrative Officer for Drew Industries, Inc. (NYSE:DW) sold 2,115 shares of company stock on Nov. 5, 2015 for $60.52 per share for a net of $127,999.80, according to insidertradingeport. The transaction was disclosed to the Securities and Exchange Commission on Nov. 9. At present, company insiders own …
Maryville, Tennessee-based Clayton Homes has reported a net income increase of 31.1 percent for Q3 2015, to $189 million, according to a regulatory filing, says nationalmortgagenews. A subsidiary of Berkshire Hathaway, revenue rose due to an eight percent increase this year in home unit sales. Additionally, profit grew because of …
MHProNews has learned from dakotafinancialnews that Zacks has upgraded Dynex Capital (NYSE:DX) from a hold rating to a buy rating, with a $7.50 target price on the stock. One of the company’s current production operations is the origination of loans secured by manufactured homes (MH). Dynex also originates mortgage loans …
Manufactured Home Loan Securitizer Beats Zacks EPS Read More
Following a story MHProNews first posted Nov. 3, 2015 regarding a public offering of 3,250,000 shares of Sun Communities, Inc. (SUI) common stock at $65.00 per share, the offering is now closed, after an additional 487,500 shares were sold to the underwriters as part of their option. The company estimates …
MHProNews has learned from nkytribune a Jefferson County, Kentucky judge has refused to dismiss a lawsuit brought by a former resident of a manufactured home community (MHC) against the community owner, Erlanger, KY-based SSK Communities. Virginia Chappell, who lived in Autumn Lake Pointe MHC (MHC) in southwest Jefferson County, KY, …
Kentucky Judge Refuses to Dismiss Lawsuit against Land Lease Community Owner Read More
What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing, …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More
