Following up on a story MHProNews last posted Sept. 26, 2014 regarding the acquisition of Skyline Corporation’s RV sector by EverGreen Recreational Vehicles, Skyline’s board of directors’ Special Committee has retained Western Reserve Partners LLC for financial advice and Ice Miller LLP of Indianapolis for legal advice to evaluate strategic …
Skyline Hires Advisors for Financial and Legal Guidance Read More
Instrumental in the formation of the Consumer Financial Protection Bureau (CFPB) and a strong proponent of financial reform, U. S. Senator Elizabeth Warren (D-Massachusetts), noting the rise in non-bank mortgage servicers, is asking the Government Accountability Office (GAO) to investigate the risks to consumers. A report by the Federal Housing …
Senator Elizabeth Warren Raises Concerns over non-bank Mortgage Servicers Read More
Responding to New Zealand’s low housing productivity, especially in the wake of the earthquake in Feb. 2011 in Christchurch that destroyed thousands of homes, Dan Tremewan’s prefabricated homes are the first to be constructed with lightweight timber panels and cross-laminated solid wood from locally grown douglas fir and pine. As …
Following a story MHProNews last posted Aug. 18, 2014 regarding the conversion of an 83,000 square foot warehouse into a modular home manufacturing plant, the company, Renewable Jersey, LLC intends to hire 120 workers as part of the first phase, and received approval from the state’ finance board. Economic Development …
The Arkansas Manufactured Housing Association (AMHA) recognized leaders in the industry at its 43rd Annual Convention in Little Rock recently, MHProNews learned from AMHA Executive Director, J. D. Harper. Kevin Hawks of Hawks Enterprises was inducted into AMHA’s Hall of Fame, which is the highest honor bestowed upon any individual …
State Manufactured Housing Association Reveals Honors Bestowed Read More
Mermaid Manor Mobile Home Park in Bradenton, Florida has been sold for $2.1 million by Harold E. Crye to an undisclosed buyer. Crye’s company, Mermaid Manor LLC, paid $1.2 million for the manufactured home community (MHC) in March 2013 following a foreclosure involving prior owner CPM Properties LLC of Tampa, …
Elkhart, Ind.-based manufactured housing component supplier Lippert Components Inc., will receive a $200,000 Michigan Business Development Program grant for a $1.7 million investment creating 102 jobs in an expansion of recently acquired Innovative Design Solutions, Inc (IDS). The Michigan Economic Development Corporation announced approval for the project in Sterling Heights, …
MH Component Supplier Lippert Expanding IDS in Michigan Read More
Following a story MHProNews last reported on July 2, 2014 regarding conditions and rent at the Easton Mobile Home Park in Easton, Massachusetts, the Board of Selectmen refused to roll back rents from $468 to $293. Acting as the Mobile Home Park Rent Control Board, the board members expressed fears …
Easton Rents Hold, but Community Owners Must Make Repairs Read More
According to sidneyherald, Robert Emery’s application to update his Sunrise Mobile Home Park in Richland County, Montana has been approved by the Richland County Commissioners. Recreational vehicles (RVs) will be banned from the community which will have 19 manufactured homes with 20 feet between each unit, a turnaround area for …
Sunrise Manufactured Home Community will see Upgrades without RVs Read More
The owners of Blacksburg Estates manufactured housing community (MHC) in Virginia are reformatting their plan to move 20 manufactured homes to the other side of the 33.5 acre community after residents and others protested the rezoning request to develop most of the community. Owners Frank Bruno and Don Carter wanted …
Manufactured Housing Community will Continue as Affordable Housing Site Read More
The former property manager of Mobile Manor manufactured home community in North Platte, Nebraska has been sentenced to 90 days in jail for embezzling $18,000, and has been ordered to pay restitution at the rate of $100 a month following her sentence until the debt is paid. Barbara Jo Fox …
A 415 square foot customized tiny home now sited in the Bruton Park manufactured home community (MHC) in York County, Virginia may have to move because it has not been approved to meet the federal HUD Code standards for a manufactured home (MH). Karen and Tom Rogers lived with their …
Custom home modular producer Innovative Building Systems (IBS) of Mechanicsburg, Pennsylvania is acquiring modular manufacturer Future Home Technology, Inc. of Port Jervis, New York. IBS offers custom modular homes from five facilities stretching from Maine to Iowa under brand names Excel Homes, All American Homes, Modukraf Homes and Keiser Homes. …
According to CNBC, Chicago-based Equity LifeStyle Properties, Inc. (ELS) earned funds from operations (FFO) for Q3 2014 of $63.1 million, $0.69 per share, besting Zacks Investment Research estimate of $0.66 per share. On revenues of $200.6 million, the REIT (real estate investment trust) reported net income of $25.7 million, or …
Equity LifeStyle Properties Bests Zacks Prediction Read More
Elkhart, Indiana-based Patrick Industries, Inc. will release its third quarter 2014 financials prior to the opening of the market on Thurs., Oct. 30, followed by a conference call at 10 AM eastern time that same morning. The call will be hosted by president and CEO Todd Cleveland and CFO Andy …
Patrick Industries to Disclose Q3 Financial Report Read More
Operating its manufactured home retail centers through Wisdom Homes of America, Inc., SearchCore touts that Merriman Capital, Inc. issued a research report update on their company. OTCmarkets tells MHProNews that Merriman maintained their speculative buy rating on SearchCore with a target price of $0.30 based on the company’s sales and …
Designed by ABI in East Yorkshire, England, with its moveable walls the Concept Van features a cinema, a ten-seat dining table and beds to sleep ten people, according to what dailymail.co.uk informs MHProNews. The 30 foot by 13 foot manufactured home (called “Caravan” in the UK) prototype has beds …
While the Great Recession took the wind out of the sails of Elkhart County, Indiana’s two largest industries – manufactured housing (MH) and recreational vehicle (RV) – RV manufacturers are now cheering their great recovery while the MH industry continues to slowly move forward, locally as well as nationally. The …
Indiana RV Industry Recovering Well; MH Industry Recovering Steadily Read More
Following a story MHProNews covered Sept. 29, 2014 regarding Cavco Industries’ attempt to acquire Skyline Corp. by offering to buy all of Skyline’s outstanding shares at a premium, Cavco has reaffirmed its requests to open a dialogue with the special committee the target company set up to improve the bottom …
In England, The Hyde Group is calling on lenders to support the growing move towards modular construction techniques and grant mortgages on the same level as is done with traditionally built homes. Hyde hosted a think tank to discuss ways to speed up housing construction in London and south east …
Think Tank Builders Call for Modular Methods to Address Housing Shortage Read More
