Company News

Meadowbrook Park MHC Reopens under new Ownership

Updating a story MHProNews.com last published May 7, 2014 regarding the owner of Meadowbrook Park manufactured housing community (MHC) in Richmond, Maine losing his license to operate because of ongoing water and sewage problems, new owner Rick Breton says he will spend $400,000 to upgrade the infrastructure and install 39 …

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Non-profit Acquiring Manufactured Home Communities in Oregon

The St. Vincent de Paul Society of Lane County, Oregon purchased the 63-home site Oakridge Mobile Home Park in Oakridge, Oregon for $1.125 million, its fourth acquisition of a manufactured home community in ten years, according to registerguard.com. Aided by state and federal grants and a subsidized low-interest loan from …

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Sports Figure Invests in Florida MHC

Marcus & Millichap (NYSE:MMI) has arranged the $875,000 sale of 55 and older community Colonial Four RV in Zephyrhills, Florida from the owner/operator to a well-known sports figure. A mix of manufactured homes and seasonal recreational vehicle home sites, the community is set on five acres and has 57 rental …

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HUD Code and Modular Homes Reviving in Ocala, Florida

Cautious optimism surrounds the builders of manufactured and modular homes, according to ocala.com, as demand has led some producers to hire more employees and others to expand product lines. Christine Stump of Southern Structures, Inc. in Silver Springs Shores, Florida says before the housing bubble she and her husband had …

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Marcus & Millichap to Present at annual William Blair Conference

National brokerage firm Marcus & Millichap, Inc. (NYSE:MMI) has announced that its chief financial officer (CFO), Marty Louie, and Hessam Nadji, Senior Vice President and Chief Strategy Officer, will present at the William Blair 34th Annual Growth Stock Conference, to be held June 10-12, 2014 at the Four Seasons Hotel …

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NYC Modular Apartments Will Take First Tenants in June

In a story MHProNews last covered May 19, 2014 regarding the opening of the modular The Stack, the 28-unit apartment building in the Inwood section of New York City, we have learned the 56 modules were made by DeLuxe Building Systems in Pennsylvania and trucked to the site. The units …

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Sales Staff for Titanium Company Works from Manufactured Home

A Delaware-based titanium company plans to move 75 percent of its manufacturing from China to a facility in Sequim, Washington, northwest of Seattle, according to peninsuladailynews.com. The 5.5 acre site contains a warehouse and a manufactured home where the sales staff of Allied Titanium, Inc. is currently operating. The company …

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Energy Makeover for AR Manufactured Homes Contest on Track

Following a story MHProNews.com first posted May 9, 2014 regarding an energy efficiency makeover contest for an all-electric manufactured home sponsored by Electric Cooperatives of Arkansas, we have learned the homes have to be at least 320 square feet, permanently anchored and owner-occupied by a consumer member of one of …

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Patrick Industries Increases Content per RV Unit 27%

A dollar invested in Patrick Industries, Inc. (NASDAQ:PATK) in 2008 would be worth $45 to the investor by the end of 2013, according to motleyfool.com. Headquartered in Elkhart County, Indiana, Patrick produces and distributes a wide range of products to the manufactured housing (MH) and recreational vehicle (RV) markets. The …

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Green Tree could Face Fines if Mortgage Servicing not Corrected

The latest compliance report released by the Office of Mortgage Settlement Oversight reveals Green Tree Servicing failed eight of the settlements 29 metrics for mortgage servicing, according to housingwire.com. Bank of America, JPMorgan Chase, Citigroup, Wells Fargo and Ocwen each passed all 29 metrics. If Green Tree does not quickly …

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Oklahoma Town Repairing Modular Utility Building

MHProNews.com has learned from duncanbanner.com the Duncan City Council in south central Oklahoma approved a $6,450 contract with Flanigan Construction and Roofing to repair hail damage to the modular house at the water treatment plant. In other news, the city council also approved $19,000 in infrastructure support for a 40-unit …

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Neighbors Object to Proposed Manufactured Home Community Down Under

A proposed 100-homesite manufactured housing community in Australia is running into stiff opposition from the surrounding community, with over 100 complaint letters received about increased traffic, pedestrian safety, flooding problems and social impacts, according to newcastlestar.com.au. Dismissing resident concerns that it would look like a “tin hut community,” David Hughes, …

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Patrick Industries Files Shareholder Selections with SEC

At its annual stockholders meeting Thursday, May 22, 2014, Patrick Industries, Inc. of Elkhart, Indiana said in a filing with the U. S. Securities and Exchange Commission (SEC) the following were named to the board of directors: Terrence D. Brennan, Joseph M. Cerulli, Todd M. Cleveland, John A. Forbes, Paul …

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Black Diamond Contracts for Modular Workforce Housing in Northern British Columbia

MHProNews.com has learned Black Diamond Group Limited of Calgary, Alberta, Canada has inked a 1,244 person workforce camp contract for the Montney Shale region of northeastern British Columbia, expecting to generate $34 million over the three year term of the agreement. The first 622 beds will be installed during the …

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Atlantis Homes: Factory-built Housing Dealer of the Year

Bean Station, Tennessee-based Norris Homes, a division of manufactured and modular housing industry giant Clayton Homes, recently named Atlantis Homes LLC of Delmar, Delaware as its Independent Retailer of the Year for 2013. Based in Smyrna, DE, Atlantis is family-owned and operated since 2001, and also has model home centers …

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Drew Stockholders Approve Initiatives

According to a filing with the U. S. Securities and Exchange Commission (SEC), at the stockholders meeting of Drew Industries, Inc. held May 22, 2014, the following were chosen as the board of directors: Edward W. Rose, lll, Leigh J. Abrams, James F. Gero, Frederick B. Hegi, Jr., David A. …

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City Refuses Request to Adopt Rent Control in MHCs

The topic at the Camarillo (Calif.) City Council turned to rent control as requested by residents of the Lamplighter Mobile Home Park because of their grievances against the owner, Irvine-based Investment Property Group (IPG). Members of the 227 homesite community say the swimming pool area is not kept up and …

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Unknown Modular Housing Firm on the Block

An ad in The Wall Street Journal advertises a modular home manufacturing company with three plants totaling 260,000 square feet capable of generating $100 million in annual revenue for sale. According to woodworkingnetwork.com, the three facilities turn out modular and panelized homes as well as “building components.” Claiming it is …

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Modular Shipping Containers will House Gas Exploration Workers

A British Columbia, Canada modular company is converting shipping containers into workforce housing for liquified natural gas (lng) workers in far northern BC near the Alaska line. The thousands of workers expected for the developing lng industry will be welcomed with flat screen TVs, computer workstations, floor-to-ceiling windows, air conditioning …

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End of the Road for 8 Year Manufactured Home Community Proposal?

Updating a story MHProNews.com last posted Nov. 22, 2013 regarding Garden Homes Management’s eight-year effort to develop a 113-site affordable manufactured housing community (MHC) in Oxford, Connecticut, the Planning and Zoning Commission denied the application for a second time, according to voicesnews.com. The Inland Wetlands Commission has also turned down …

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