Following a story MHProNews last posted May 5, 2014 regarding ongoing problems at Meadowbrook Park manufactured housing community (MHC) in Richmond, Maine, the state’s Manufactured Housing Board (MHB) unanimously voted to revoke the license of owner Russ Edwards after chastising him for poor management of the community going back to …
License to Operate Manufactured Housing Community Revoked Read More
In January 2014, interim managers at Lexington, Washington’s Tim Wa Estates manufactured home community (MHC) banned a group of residents, called Helping Hands, from assisting elderly and ailing neighbors with household chores and minor repairs, citing the community’s anti-soliciting rules. MHProNews.com has learned from tdn.com in April, managers began requiring …
Managers Removed from Tim Wa Estates MHC in Washington Read More
Homark Homes of Red Lake Falls, Minnesota is investing $6 million to expand its construction of modular and manufactured homes to include multifamily modular housing. The Minnesota Department of Employment and Economic Development will assist with the expansion of the facility to the tune of $456,000, providing Homark creates at …
Homark Homes Expanding to Include Multifamily Modulars Read More
Seattle, Washington businessman Walter Tarr is building a five-unit modular apartment complex near the University of Texas in Austin, his alma mater. As bizjournals.com informs MHProNews.com, each 1,300 square-foot unit will have three bedrooms and a den, with average rent of $3,000 monthly, built by Palomar Modular of DeSoto, Texas. …
Specializing in modular units for industry, business, education and health facilities, Ellis Modular is now pursuing federal contracts through the General Services Administration. “The opportunity to service government accounts opens up significantly more markets throughout the region as our goal continues to be to expand our modular solutions business,” states …
Property transfers from Salem, Ohio reveal a manufactured home with ten acres on Foundry Hill Road was sold by Marcia Griffith to Corey Griffith for $37,747, according to salemnews.net. A manufactured home on a lot on Dunn Road was sold to David and Thelma Gabbert by John Gamble, Jr. for …
While Berkshire Hathaway, Inc. (NYSE:BRKA) says its profit for the first quarter 2014 slipped nearly four percent from last year, at the same time its revenues shot up about the same amount. First quarter earnings hit $4.71 billion this past quarter versus $4.89 billion for the same period last year. …
Berkshire Hathaway: Q1 2014 Revenues Up, Profit Down Read More
According to wilmingtonbiz.com in North Carolina, Charlotte-based Properties of Assurance LLC has closed on its acquisition of two manufactured housing communities in the Wilmington, NC area. Bavarian Pointe, a 22-homesite community and 48-homesite Carolina Pines were purchased from Freedom Property Investors LLC for an undisclosed price. MHProNews.com has learned the …
Reporting on the RV/MH Heritage Foundation in Elkhart, Indiana, Hall of Fame President Darryl Searer says, “From August 1, 2013 through April 30, 2014, the Foundation has made significant improvements in its financial obligations and has made some major changes in its display area, gift shop and exhibitor booth area.” …
Next Step Homes is the factory-built home distribution channel for parent company Next Step Network, which mobilizes nonprofit resources to provide affordable and ENERGY STAR homes for low income residents across the nation. Next Step couples its 25 nonprofit community housing development organizations with heavy hitters in the factory-built housing …
Private, Public Alliance Provides Efficient Factory-built Homes to Low Income Americans Read More
Mission Trails Mobile Home Park in San Antonio, Texas may be closed to make way for a $75 million luxury riverfront apartment development, displacing some 200 residents who complain they discovered by accident about the possible sale and rezoning of their community when a resident happened to spot a rezoning …
Government-sponsored enterprise (GSE) Freddie Mac will begin purchasing and securitizing manufactured housing loans immediately, according to John Cannon, senior vice-president of the multifamily division. As globest.com informs MHProNews.com, Freddie sees manufactured homes as key to affordable housing. Cannon says, “It broadens our geographic footprint and creates a more balanced approach.”## …
Drew Industries, Inc. (DW) reports net sales in the first quarter of 2014 at $285 million, a 13 percent increase over the same period 2013, due to a 16 percent sales increase in the company’s recreational vehicle (RV) division. Net income nearly doubled from $8.4 million in the first quarter …
In its first quarter, 2014 financials, manufactured housing community (MHC) owner Sun Communities, Inc. (SUI) reports funds from operations (FFO) of $38.3 million versus $31.7 million for the first quarter, 2013. Net income attributable to common stockholders in Q1 2014 was $7.8 million versus $5.7 million for the same period …
Sun Communities Releases 1st Quarter 2014 Financials Read More
Half of a multi-section Champion manufactured home being transported from Topeka, Indiana to Sioux City, Iowa broke free from its moorings on the flatbed truck as it was rounding a curve, causing the load to shift and land on Interstate 94 in northern IN, blocking two westbound lanes. The ramp …
MHProNews.com has learned from kwch.com in Wichita, Kansas that thieves broke into a model manufactured home in South Wichita and made off with the entire kitchen, including the sink. The side-by-side refrigerator, dishwasher, glass-top range, including the range hood and under counter microwave, cabinets and the sink were all taken …
Following a story we first posted Feb. 20, 2014, regarding plans for expansion, MHProNews.com has learned that Ashland Holdings, LLC of Wildwood, Florida has completed the renovation of its Great Plains Holdings Headquarters, which will also alleviate the $12,000 annual storage expense for its sister company, Lil Mark, Inc. In …
Ashland Expanding into Land Lease Community Ownership Read More
North of the border in Saskatoon, in Central Saskatchewan, Canada, 27 modular homes built in 2010 by Lethbridge’s Triple M Housing are alleged to virtually all have water problems—either leaky basements, roofs, or windows, sometimes more than one. Having changed its name to Vantage Developments, the company says the warranties …
With keepsakes that mark the date and theme of this year’s Berkshire Hathaway annual meeting May 3, Business Wire will once again be selling commemorative baseball themed pennants to raise money for abused and neglected children for a Douglas County (Omaha), Nebraska charity. Court Appointed Special Advocates (CASA) provides trained …
Charity Benefits from Berkshire Hathaway Annual Meeting Read More
Having provided over 100,000 sales leads to individual homeowners and professional sellers last month, online marketer of manufactured housing MHVillage.com is celebrating its one millionth visitor to its websites in March, and over 50 percent were new to MHVillage. The most widely used and recognized website of its kind in …
