Following a story MHProNews last posted Oct. 23, 2013, the Shoreline Trailer Court in Branford, Connecticut may lose its license to operate if a new management company is not brought on board by Oct. 1, according to nhregister.com. A proposal submitted by community management Renaissance Collaborative last fall did not …
Skyline Corporation received a going concern qualification from its independent registered public accounting firm, which was included in the Corporation’s Annual Report on Form 10-K, included with its consolidated financial statements for its fiscal year ending May 31, 2014, according to yahoofinance.com. The independent audit was filed with the Securities …
Following a story MHProNews posted Sept. 16, 2013 regarding the disastrous flooding in Colorado, the Federal Emergency Management Agency (FEMA) says it distributed $61,634,523 to uninsured homeowners hit by the flooding and rain, including $31,900 each to nearly all the residents of two manufactured home communities (MHCs) along the South …
Colorado MH Owners Float with FEMA Funds, while MHC Owners Sink Read More
Donald Salmon of TBI Mortgage says private investors are beginning to buy mortgages written just for self-employed borrowers who put down 30 percent and have good credit scores. Instead of looking at paychecks, they examine a twelve-month bank statement to determine if the borrower can afford the home, nationalmortgagenews.com reports. …
Loans Moving from FHA to Fannie and Freddie; Freddie Inaugurates MHC Loan Read More
The winner of Clayton Homes’ Enjoy Life Sweepstakes will receive two tickets to Super Bowl XLIX in Arizona Feb. 1, 2015, including air fare and a four-day, three-night stay in a hotel. To be eligible you must enter by noon, Sept. 30, according to nassualivenews.com. The second prize is a …
Super Bowl Tix are Top Prize in Clayton Sweepstakes Read More
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (KMP.TO) announces it is acquiring a 50 percent stake in a 152-unit apartment building in Ottawa, Ontario, called Kanata Lakes Apartments II, in a joint venture with affiliates of KingSett Capital, Inc. and AIMCo Realty Investors LP. Killam’s 50 percent share of the …
Canada’s MHC Owner Killam Acquires Interest in Apartments Read More
Australian builder Nova Deko, realizing that shipping containers are overbuilt in terms of converting them to homes, is taking advantage of the transportation handling system that made globalism happen by building modular homes in China the same size as containers so they can be easily transported. Built in a factory …
Chinese Modular Homes Made Shippable like Containers Read More
The board of directors of Equity LifeStyle Properties, Inc. (NYSE:ELS) declared a quarterly dividend of $0.325 per common share, representing an annual dividend of $1.30 per share, according to wallstreetscope.com. The dividend will be paid Oct. 10, 2014 to shareholders of record on Sept. 26, 2014. In today’s trading, Sept. …
Equity LifeStyle Properties Board Declares Dividend Read More
For a new approach to cliffside dwelling, Modscape Concept designed this five-story modular home for a couple on the Southwest Coast of Victoria, Australia, according to hillpost.in (India). The top floor is for a carport for two cars, and the only entryway to the home. An elevator provides access to …
PayNearMe and ManageAmerica are partnering to allow manufactured housing residents pay their rent and other housing costs with cash at a network of 17,000 convenience stores nationwide, according to marketwatch.com. The funds are immediately guaranteed to management, the resident receives a receipt, and the transaction takes under a minute, like …
7-Eleven and Family Dollar to take MHC Resident Rent Read More
Elkhart, Indiana-based Patrick Industries Inc. (PATK) is acquiring PolyDyn3, LLC, a producer of simulated stone and wood products for the recreational vehicle (RV) market, for $1.3 million. Also based in Elkhart, PolyDyn will be operated on a stand-alone basis in its current facility, according to rvbusiness.com. The interior and exterior …
MH Component Supplier Patrick Acquires RV Component Maker PolyDyn3 Read More
The Dodge City (Kansas) Commission listened to a group of south Dodge City residents voice disapproval of plans for a 12 modular home development, with one remonstrater referring to them as “trailers,” saying property values will suffer as the result. According to dodgeglobe.com, the city’s planning and zoning board approved …
Proposed Modular Development Approved by Planning and Zoning Board Read More
Plans to site 166 new modular homes in a proposed development in Vancouver, British Columbia, Canada on both sides of the South Alouette River are raising concerns with nearby residents—and the eyebrows of district staff. The increased density for the area would move from 2.5 residential units per hectare (nearly …
Modular Housing Development to Straddle Canadian River Read More
Noted Seattle architectural firm CollinsWoerman, which MHProNews last covered April 22, 2011 as it developed plans for a multifamily modular unit in Seattle, has teamed up with Intellectual Ventures to strengthen its intellectual property regarding component parts of its modular system. The joint venture, called Innovative Building Technologies, LLC (IBT) …
CollinsWoerman Readies Patented Modular Housing Components for Market Read More
Sam Zell, Chairman of real estate giant Equity International, and Equity LifeStyles, which owns/has an interest in 380 manufactured housing and recreational vehicle communities in North America, noting corporations that have missed their expected goals were low on the revenue side, which means the demand is not there for their …
Zell, Soros, Druckenmiller and Icahn Agree: A Big Board Correction is Imminent Read More
In the continuing saga between developer Forest City Ratner and builder Skanska regarding the battle over construction of the largest modular apartment building in the world, as MHProNews posted here last Sept. 2, 2014, both parties have filed suit against the other. In its complaint, Skanska alleges “serious commercial and …
Forest City and Skanska Cross-File Lawsuits over Massive Modular Housing Project Read More
Eighty percent of the outstanding common stock of manufactured home builder Deer Valley Corp. (DVLY) is being acquired by software developer Peerless Systems Corp. in a deal valued at $3.68 million, according to streetinsider.com. Based in Guin, Alabama, Deer Valley builds, distributes, finances and provides warranty and repair services for …
Peerless Systems acquires Majority of Deer Valley Homebuilders Read More
A veteran of over 40 years in the manufactured and modular housing industry, and the owner of Prevatte’s Home Sales in Lumberton, North Carolina, for 25 years, Tonnie Prevatte received the Rollan Jones Member of the Year award as voted by the members of the North Carolina Manufactured and Modular …
Prevatte Honored by NC Manufactured and Modular Housing Industry Read More
MHProNews has been informed by virtual-strategy.com an affiliate of Capital Square Realty Advisors, LLC has acquired three manufactured housing communities consisting of 1,141 home sites in Indiana and Ohio. The largest community is Timberbrook in Bristol, Indiana with 567 homesites set on 103 acres. Woodlake-Summerdale, located in Yoder, IN is …
Following a series of stories MHProNews posted regarding the development of the 32-story, modular housing project by Forest City Ratner and construction partner Skanska intended for Brooklyn’s Barclay Center, work has come to a halt in a bitter dispute over tens of millions of dollars in cost overruns. Skanska idled …
Work Stops on Massive Modular Housing Project in Big Apple; Ratner, Skanska at Odds Read More
