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Sunday Morning Recap-Manufactured Housing Industry News Aug. 23-Aug. 30, 2015

By / August 29, 2015 / Advocacy, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, Trends, Zoning

What’s New in public focused Manufactured HomeLivingNews.com Renters’ Nation: The Dark Side of Dodd-Frank and Its Impact on Affordable Housing Mary Zokoe talks Martin Motor Sports, Community Guidelines, More! Inside MH Road Show Video What’s New in Manufactured Housing Industry Professional News CFPB imposed appraisal rule on HPML loans one …

Sunday Morning Recap-Manufactured Housing Industry News Aug. 23-Aug. 30, 2015 Read More

Manufactured Home Code Enforcement in City Hands

By / August 28, 2015 / Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

Following a story MHProNews last posted on Feb. 24, 2015 regarding the closing of the Life O’Riley manufactured home community the previous year, and subsequent forced evacuation of all the residents in ten days because of unsanitary conditions, code enforcement has been moved back from the state to the city. …

Manufactured Home Code Enforcement in City Hands Read More

Judge Rules Manufactured Home Community’s Right to Replace Homes

By / August 27, 2015 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, mobile home, regulation

Updating a story MHProNews published Jan. 16, 2015 regarding the city of Pearl, Mississippi’s attempt to prevent a manufactured home community (MHC) from refilling vacated sites with manufactured homes (MH), Madison-Rankin Circuit Judge John H. Emfinger ruled the city does not have that authority, saying the ordinance would destroy the …

Judge Rules Manufactured Home Community’s Right to Replace Homes Read More

Skyline Corp. Reports Q4 and Fiscal Year 2015 Financials

By / August 27, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Fourth quarter 2015 financial results for Skyline Corp (NYSE:SKY) indicate net sales from continuing operations increased eight percent over the same period last year, $49,605,000 over $46,040,000, resulting in a net loss of $149,000 versus a net loss the previous fiscal year Q4 of $1,672,000, according to prnewswire. The 2015 …

Skyline Corp. Reports Q4 and Fiscal Year 2015 Financials Read More

Unique Wastewater Treatment System Solves Manufactured Home Community Problem

By / August 26, 2015 / Business, Canada, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Residents of the 50 home site Fetherston Mobile Home Park in North Grenville, Ottawa, Canada were concerned in the late 1990s when they noticed sewage seeping out of the ground in their community, according to insideottawavalley. By 2001 the community was heading into bankruptcy, when the Ministry of the Environment …

Unique Wastewater Treatment System Solves Manufactured Home Community Problem Read More

Clayton Bradley Academy Expansion Begins

By / August 26, 2015 / Company News, Factory-Built Homes, Manufactured and Modular Housing News, Manufactured Homes, Modular

Updating a story MHProNews last published April 17, 2015 regarding the expansion of the Clayton Bradley Academy on the campus of Clayton Homes in Maryville, Tennessee, the Class of 2030 and the Class of 2018 broke ground for the multipurpose building that will include a 600-seat gymnasium, ten additional classrooms, …

Clayton Bradley Academy Expansion Begins Read More

As with Land Lease Communities, Institutional Investors are Replacing Mom & Pop Operations in Home Rentals

By / August 25, 2015 / Business, Communities, Company News, Economy, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

According to the U. S. Census Bureau, home ownership fell to 63.4 percent in Q2, the lowest rate since 1967. Concurrently, renter-occupied units rose by two million from the previous year. MHProNews has been informed by bloomberg that BlackRock Inc., the world’s largest money manager, is jumping in to the …

As with Land Lease Communities, Institutional Investors are Replacing Mom & Pop Operations in Home Rentals Read More

Canadian Land Lease Community Offers Lake Erie Vacationing

By / August 24, 2015 / Business, Canada, Communities, Company News, Factory-Built Homes, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Sherkston Shores manufactured home community (MHC) in Ontario, Canada is a 560-acre resort south of Niagara Falls owned by Carefree Communities, with 1,700 manufactured homes that owners occupy from May to October on the shores of Lake Erie. There are also 80 rental cottages and 40 rustic cabins as well …

Canadian Land Lease Community Offers Lake Erie Vacationing Read More

Manufactured Home Community Installing Individual Water Meters

By / August 24, 2015 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

A decision by the owners of Burt Estates manufactured home subdivision in Diamond, Illinois to install water meters on each property has angered some of the residents of this 187-home site community, according to morrisherald-news, to the extent they intend to form a homeowners association. Residents also mentioned old electrical …

Manufactured Home Community Installing Individual Water Meters Read More

Community West Bancshares to Focus on Manufactured Home Loans

By / August 23, 2015 / Business, Company News, Finance, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Goleta, California-based Community West Bancshares reported a loss of $2.3 million in Q2 2015 in the wake of a $7.2 million settlement to resolve litigation regarding residential mortgage loans sold to Residential Funding Company, a real estate investment firm. Otherwise, the company’s net income would have been $1.9 million, up …

Community West Bancshares to Focus on Manufactured Home Loans Read More

Sunday Morning Recap-Manufactured Housing Industry News Aug. 16-Aug. 23, 2015

By / August 22, 2015 / Advocacy, Business, Communities, Company News, Economy, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trends

What’s New in public focused Manufactured HomeLivingNews.com Stan Dye talks Manufactured Home Lending and MH Site Preparation Do-It-Yourself Heat Tape Video! Prevent Winter Freeze Ups for Manufactured Homes and Houses over Crawl Spaces What’s New in Manufactured Housing Industry Professional News PBS Story on MH Finance Due. Sun, UMH, Adding …

Sunday Morning Recap-Manufactured Housing Industry News Aug. 16-Aug. 23, 2015 Read More

Two Age-Restricted Manufactured Home Communities sold to Kingsley

By / August 21, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People, RV

Kingsley Management Corp. of Provo, Utah has acquired two Manatee County, Florida 55+ manufactured home communities (MHC) for $27.8 million. The 244-home site Palm Bay was sold for $13.1 million, while the adjacent 235 home site Colonial Mobile Manor went for $14.7 million. Both communities, according to businessobserverfl, are in …

Two Age-Restricted Manufactured Home Communities sold to Kingsley Read More

Commercial Modular Housing Taking Root Down Under

By / August 21, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

China-backed CIMC Modular Building Systems has signed a contract with Pindan, a property and construction company based in Western Australia (WA), for the redevelopment of Agricola College in Kalgoorlie, which houses students for the Western Australia School of Mines. As businessnews.au informs MHProNews, the 180-room project, comprised of 89 modules, …

Commercial Modular Housing Taking Root Down Under Read More

Equity LifeStyle Properties Stock Targeted at $66.00

By / August 21, 2015 / Business, Communities, Company News, Manufactured Homes, RV

Zacks has changed its “hold” rating to “buy” for Equity LifeStyle Properties (NYSE:ELS), the largest owner of manufactured home communities (MHC) in the nation, according to dakotafinancialnews. The stock closed down -0.43% on Thursday, at $58.97, as MHProNews reported in its stock report, but Zacks has issued a target price …

Equity LifeStyle Properties Stock Targeted at $66.00 Read More

Irish Modular Homes Planned for Affordable Housing in Nigeria

By / August 20, 2015 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Only two weeks after Governor Ben Ayade of Cross River State in southeastern Nigeria led a trade delegation to the Republic of Ireland, he has announced plans that would lead to the building of 5,000 affordable modular homes across the state, as reported by nationalaccordnewspaper. Representatives of Affordable Building Concept …

Irish Modular Homes Planned for Affordable Housing in Nigeria Read More

UMH Properties Continues its Acquisition of Land Lease Communities

By / August 20, 2015 / Business, Communities, Company News, Manufactured Homes

Following a story MHProNews first learned about Aug. 7, 2015 when UMH Properties, Inc. released its earnings report for Q2, UMH has closed on the acquisition of three of six manufactured home communities, two in Ohio and one in Michigan, for $32.5 million. The three all-age communities contain 897 developed …

UMH Properties Continues its Acquisition of Land Lease Communities Read More

Lippert to Add 125 Workers in New Haven, Indiana

By / August 20, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Updating a story MHProNews posted Aug. 11, 2015, regarding Lippert Components, Inc. acquisition of Signature Seating, journalgazette reports Lippert will be adding 125 new jobs at the New Haven, IN facility that was home to Signature. Also known as Roehm Marine LLC, the company made upholstered furnishings for pontoon boats …

Lippert to Add 125 Workers in New Haven, Indiana Read More

Major Shareholders of Patrick Industries Continue Unloading Stock

By / August 20, 2015 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Following a story MHProNews posted Aug. 18, 2015 regarding the sale of 36,552 shares of Patrick Industries’ stock by Tontine Capital Partners L.P Aug. 14, dakotafinancenews reports Tontine sold another 19,220 shares of Patrick stock on Monday, Aug. 17 at an average price of $39.20 for a net value of …

Major Shareholders of Patrick Industries Continue Unloading Stock Read More

Sun Completes Transactions on Six Communities, Secures Line of Credit

By / August 20, 2015 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes, RV

On Aug. 19, 2015 Southfield, Michigan-based Sun Communities, Inc. completed its sale of three manufactured home communities (MHC) comprised of 900 home sites for $32.5 million. Two of the MHCs are in Ohio, the third is in Michigan, according to nasdaq. On Aug. 13, 2015, Sun acquired a recreational vehicle …

Sun Completes Transactions on Six Communities, Secures Line of Credit Read More

Insider Trading Noted at UMH Properties, Inc.

By / August 18, 2015 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, People

MHProNews has learned from insidertradingreport  Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,479 shares of company stock on Aug. 17. 2015, according to a filing with the Securities and Exchange Commission. The shares were acquired at $9.12 each for a net value of $50,000. …

Insider Trading Noted at UMH Properties, Inc. Read More

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