Following a story MHProNews last posted June 19, 2015, regarding Cavco Industries’ purchase of Fairmont Homes and subsequent request for tax abatements from the city of Nappanee, Indiana for production upgrades, the Nappanee City Council approved a $40,000 tax phase-in for equipment purchases and employee training. Noting that Fairmont’s products …
Cavco will Retain Fairmont’s Employees, Expand its Customer Base Read More
The Bloomington (IL) Planning Commission recommended City Council approve a plan for a manufactured home community (MHC) to expand on an eight-acre site that was once part of the Southgate Estates Mobile Home Park. After a foreclosure in 2011, Southgate was split into two parcels, and the larger one became …
Plans for Manufactured Home Community Expansion on Hold Read More
David J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now …
After spending a day cleaning up debris around Wimberly, Texas, in the wake of the flooding that ravaged parts of the state, Alberto Pina, general manager of Mobile Homes Direct 4 Less, is offering new manufactured homes at cost to people who lost their homes, according to PRWeb. “The pictures …
Texas Dealer Offering Manufactured Homes at Cost to Flood Victims Read More
MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). …
Insider Trading at Sun Communities: Randall K. Rowe Read More
MHProNews has learned Wells Fargo Commercial Real Estate has hired two industry veterans as it expands its presence in the manufactured home communities (MHC) lending sector, following the acquisition of a $9 billion portfolio of commercial real estate loans from GE Capital Real Estate that includes MHC-focused funds. Lew Grace …
Wells Fargo Beefs Up Manufactured Home Community Lending Sector Read More
Shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) rose +4.21 percent over the last week and +2.24 percent in the last four weeks, earning a consensus recommendation of “Buy” from analysts. The shares have outperformed the S&P 500 by 3.42 percent in the last week, and by 3.02 percent over the …
Manufactured Home Community Owner ELS outpaces S&P 500 Read More
A financing option for start-ups, called Regulation A, will allow potential investors of more modest means the opportunity to obtain equity stakes in what could be the next Facebook or Groupon. Instead of promising companies being backed by venture capitalists and wealthy angel investors, these “mini I.P.O.s” will advertise on …
Mini IPOs Offer Smaller Investors Opportunity to Invest Read More
Enerdynamic Hybrid Technologies Corp. (TSX-V: EHT) has agreed to acquire EVIA Finance S.A.R.L., a global manufacturer and installer of patented modular housing units for CAD (Canadian)$45.7 million, or $37,017,000 USD. Based in Luxembourg, EVIA produces proprietary modular homes that can be built in under one day, are 70 percent more …
Canadian Energy Co. Buying Modular Builder EVIA Finance of Luxembourg Read More
In manufactured housing news, UMH planning MHC as other MHCs closing, programs help MH buyers, MHC sells for $98k per homesite, Texas reports MH sales. In modular news, Magnolia Homes may be revived, Brad Pitt moves mods to Indian Rez, Mods house Irish homeless, micro mods go urban. In company …
Sunday Morning Recap June 14, 2015 to June 20, 2015 Read More
A proposal by UMH Properties, Inc. originally presented ten years ago for 253 modular homes in Coxsackie, New York has re-emerged as a manufactured home community (MHC) development with 161 homes. The original plan ran into community opposition as well as a threat to an endangered bird species and a …
UMH Properties Alters Plans from Modular to a Manufactured Home Community Read More
Following a story MHProNews last posted June 2, 2015 regarding Cavco Industries, Inc.’s request for a tax abatement following its acquisition of manufactured homes producer Fairmont Homes, the Nappanee City Council met for a public hearing on the request Mon., June 15. No one from the public spoke either for …
Public Hearing Follows Cavco’s Request for Tax Abatement Read More
MHProNews has learned Jeffrey Gendell continues to sell his shares in Patrick Industries, Inc. (NASDAQ:PATK) as he did May 25, and June 8, 2015. Most recently he sold another 3,748 shares at $37.20 each for a net of $139,503, according to octafinance. In total he has sold 72,783 shares for …
GC Blackstone, a commercial and residential building and development company subsidiary of Concordis Group, Inc. (CNGI:OTC) is planning a micro modular apartment building in Dallas with 60 units to address the need for affordable housing in this high cost market. Designed for the urban millennial, the housing will offer the …
Concordis Developing Micro Modular Units in Urban Settings Read More
Updating a story MHProNews posted June 6, 2015 regarding the closing of Magnolia Homes in Gering, Nebraska, geringcitizen reports local business leaders are working to keep the facility open and maintain the jobs in the community. In the area since the 1950s and at its present location since 1972, Harry …
The world’s largest retirement community, which is also the fastest growing city in the U. S., is expanding to include additional senior living facilities nearby. With a growth rate of 5.4 percent for the 12 months ending July, 2014, The Villages in Florida grew from 51,442 people in 2010 to …
Florida’s The Villages Expanding Continuum of Care for Seniors Read More
“I have learned that there’s a big need for low-income families to get some help,” says Robin Davis, of Davis Homes, a manufactured and modular home dealer in Peachland, North Carolina, reports ansonrecord. She says in the year since the business opened, about 400 people have come in and many …
Davis Homes in NC Offers Paths to Manufactured Home Ownership through USDA Read More
Guerdon Modular Buildings of Boise, Idaho has hired Pete Murray as president and chief operating officer (COO) as the company continues its growth in the western U. S. market, building modular multi-housing developments, reports idahobusinessreview. Murray has been vice-president of western manufacturing operations for Welch Allyn, a medical device maker …
MHProNews has learned that another board director of Drew Industries, Inc. (NYSE:DW) has been involved in insider trading. James Gero purchased 10,000 shares of stock June 11, 2015 at $57.00 per share for a total of $570,000, according to insidertraderreport. The insider transaction was reported to the Securities and Exchange …
A group of Canadian manufactured homeowners is asking the city of Surry, British Columbia for more protection from developers who are closing manufactured home communities (MHC) to repurpose the land. The Surry Manufactured Home Owners Association (SMHOA) is protesting the proposed shuttering of Park Mobile by WestStone Group that will …
Canadian Group Protests Closing of Manufactured Home Community for Senior Facility Read More
