Company News

Report Cites Uptick in Demand for MHCs by Investors and Baby Boomers

By / September 24, 2014 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Trends

Marcus & Millichap’s Manufactured Housing Research Report says rising home prices, improving job outlook and an expanding baby boomer population are adding to increased occupancy in manufactured home communities (MHCs), a trend the real estate investment services company reports will continue. Concurrently, investors looking for large, top quality communities with …

Report Cites Uptick in Demand for MHCs by Investors and Baby Boomers Read More

Penn. Women Awarded $60k over Mangled Modular Home Deal

By / September 24, 2014 / Business, Company News, Factory-Built Homes, home buyers, Legal, Manufactured and Modular Housing News, Modular, People

In a story MHProNews has been following since earlier this year, and last posted an article July 30, 2014, regarding Wyoming Homes owner David Valenti being charged with theft for selling modular homes and not delivering, a Freeland, Penn. women was awarded $59,060.28 in damages for a home that was …

Penn. Women Awarded $60k over Mangled Modular Home Deal Read More

Sun Communities closes on Public Offering

By / September 24, 2014 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Following a story MHProNews posted Sept. 17 regarding Sun Communities, Inc.’s (SUI) announcement of a public offering to raise shares to help fund its recent $1.32 billion acquisition of 59 manufactured housing communities (MHCs) from Green Courte Partners, LLC, the offering is now closed. The 6,900,000 shares of commons stock, …

Sun Communities closes on Public Offering Read More

Design Flaw or Cost Overruns: Forest City Ratner versus Skanska

By / September 24, 2014 / Business, Company News, Factory-Built Homes, Legal, Manufactured and Modular Housing News, Modular

Updating a post MHProNews last published Sept. 19, 2014 regarding the continuing saga in New York over the stalled 32-story modular apartment complex between developer Forest City Ratner and builder Skanska, construction is idled while counter lawsuits remain in the courts. According to nydailynews.com, Ratner cannot proceed with another contractor …

Design Flaw or Cost Overruns: Forest City Ratner versus Skanska Read More

Solitaire Manufactured Homes part of Tour

By / September 24, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

In honor of Manufacturing Day, with over 1,500 events scheduled around the nation the first week of October, six Deming, New Mexico businesses are leading tours of their facilities, according to demingheadlight.com. Participants in this town in southwest New Mexico will board a morning bus Oct. 2, 2014, and one …

Solitaire Manufactured Homes part of Tour Read More

Zacks Forecasts Profitable year for Equity LifeStyle Properties

By / September 23, 2014 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

Equity LifeStyle Properties, Inc. (ELS) will pay a cash dividend of $0.325 per share Oct. 10, 2014 to shareholders of record Sept. 24, 2014, marking the third quarter the company has paid the same dividend. The dividend yield is 3.08 percent at the stock price of $42.25, according to nasdaq.com. …

Zacks Forecasts Profitable year for Equity LifeStyle Properties Read More

Centerline Capital’s new name is Hunt Mortgage Group

By / September 23, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

The Manufactured Housing Institute (MHI) reports Centerline Capital Group has changed its name to Hunt Mortgage Group after being acquired by Hunt Companies, Inc. Hunt provides financing for manufactured housing, student housing, co-ops and affordable rental homes. Woody Hunt, Hunt Cos. Chairman and CEO, said, “The acquisition of Centerline was …

Centerline Capital’s new name is Hunt Mortgage Group Read More

Origen Financial is Leaving the Building

By / September 23, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

Real estate investment trust (REIT) Origen Financial, Inc. of Southfield, Michigan, which manages interests in securitized loan portfolios backed by manufactured housing, will dissolve and liquidate after selling it assets to an affiliate of GoldenTree Asset Management LP for $47 million, according to the Manufactured Housing Institute (MHI). MHProNews has …

Origen Financial is Leaving the Building Read More

Multifamily Conference to Attract 2,000 Professionals

By / September 23, 2014 / Advocacy, Business, Company News, Manufactured Homes, Modular, People

The RealShare Conference Series is sponsoring a RealShare Apartments conference of 2,000 multifamily professionals in Los Angeles, October 15-16, 2014, according to globest.com. The following presenters at the conference represent companies that have all been involved in the manufactured housing industry: John Sebree, Vice president of Marcus & Millichap. Laurie-Lustig …

Multifamily Conference to Attract 2,000 Professionals Read More

Realtor Adds Manufactured Home Specialist to Staff

By / September 23, 2014 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes, People

Heiden Homes Realty has added Kathy Tompkins as a realtor to the staff in Grand Junction, Colorado, according to gjsentinel.com. Tompkins owns Manufactured Home Parts, established in 2000, and as an unlimited general contractor, specializes in manufactured home sales and construction at Royal T’s Construction, LLC. The company also remodels, …

Realtor Adds Manufactured Home Specialist to Staff Read More

Settlement of Sixteen Year Legal Wrangling between Owner and Community Pending

By / September 22, 2014 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

Updating a story MHProNews last posted Jan. 30, 2014 regarding a 16-year attempt by the residents of Naples Estates (Fla.) manufactured home community (MHC) to purchase their community, Collier County Circuit Judge Hugh Hayes had ruled in favor of the Naples Estates Homeowners Association (NEHA) to seek financing to buy …

Settlement of Sixteen Year Legal Wrangling between Owner and Community Pending Read More

Ratner-Skanska Dispute Eating at the Big Apple

By / September 24, 2014 / Business, Company News, Legal, Manufactured and Modular Housing News, Modular, People

Updating a story MHProNews last posted Sept. 5, 2014 about the dispute between Ratner and Skanska in New York City that has brought to halt the construction of the largest modular tower in the world, concern is growing that if the project fails, financing for future modular projects may be …

Ratner-Skanska Dispute Eating at the Big Apple Read More

Defensive Building Materials used for Modular Homes

By / September 19, 2014 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

MHProNews has learned that John Paul Builders of Brick Township, New Jersey, is building five modular homes in New York and New Jersey using Eco Building Products’ treated wood product that is protected from mold/mycotoxins, fire, water, fungus, rot and wood-ingesting insects. Calling them “defensive building materials, ECO says its …

Defensive Building Materials used for Modular Homes Read More

William Matchneer leaves CFPB for Bradley Arant Boult Cummings

By / December 26, 2021 / Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, People

William Matchneer, formerly senior counsel with the Consumer Financial Protection Bureau’s (CFPB) division of research, markets and regulations, has joined the law firm of Bradley Arant Boult Cummings in their litigation and compliance practice group. In addition to serving as team lead for implementation of the Dodd-Frank Act at the …

William Matchneer leaves CFPB for Bradley Arant Boult Cummings Read More

Scottish Modular Homes use Sheep Wool for Insulation

By / September 18, 2014 / Business, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Scottish company ECHO makes modular pods of local lumber under one hundred square feet each that can be stitched together to make the home any size desired, according to fastcoexist.com. Insulated with sheep wool, the homes are built on stilts to allow placement in any terrain. Says founder Sam Booth, …

Scottish Modular Homes use Sheep Wool for Insulation Read More

Sun Communities to Sell Six Million Shares to Fund Acquisition

By / September 17, 2014 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes

In a filing with the U. S. Securities and Exchange Commission (SEC) dated July 30, 2014, Sun Communities, Inc. (SUI) is selling six million shares to help fund its acquisition of 59 manufactured home communities from Green Courte Partners LLC for $1.32 billion. The first phase of 34 communities is …

Sun Communities to Sell Six Million Shares to Fund Acquisition Read More

Skyline Revamping its Recreational Vehicle Models

By / September 17, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

In an attempt to turn around its eighth consecutive year of multimillion dollar losses, manufactured housing producer Skyline Corp. is rolling out a new line of recreational vehicle (RV) models at this week’s Elkhart County RV Open House. Based in Elkhart, Indiana, the company has focused more on its MH …

Skyline Revamping its Recreational Vehicle Models Read More

Drew is Drawing Lookers

By / September 16, 2014 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes

Investors are closely watching Drew Industries, Inc. (NYSE:DW), the Elkhart, Indiana-based component supplier to the manufactured housing industry, according to wallstreetscope.com. Through its subsidiary, Lippert Components, it has recently acquired several complementary firms  as MHProNews reported Aug 18, 2014. The company price-to-sale ratio is 1.01 and it has an insider …

Drew is Drawing Lookers Read More

Nobility Homes Reports Sales, Income Rise in Q3 2014

By / September 15, 2014 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Manufactured housing producer Nobility Homes, Inc. (NOBH) of Ocala, Florida, announcing its sales and earnings results for the third quarter 2014 ending Aug. 2, reports sales for the quarter rose 12 percent to $5,346, 639 over the $4,758,456 for the same period of 2013, according to nasdaq.com. Net income after …

Nobility Homes Reports Sales, Income Rise in Q3 2014 Read More

IQ Tech Mod Builder Partners with EnerDynamic Hybrid Tech.

By / September 15, 2014 / Business, Canada, Company News, Factory-Built Homes, Manufactured and Modular Housing News, Modular

Modular home builder IQ Technologies, Inc. Canada has entered into a joint venture with EnerDynamic Hybrid Technologies Corp. (TSX-V:EHT) of Ontario, Canada to include EHT’s solar and wind energy systems in their homes, according to newswire.ca. IQ provides and installs sustainable modular homes globally that can be installed in one …

IQ Tech Mod Builder Partners with EnerDynamic Hybrid Tech. Read More

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