Updating a story from March 20, 2014 regarding the shortage of housing in Estevan, Saskatchewan, Canada due to the Bakken oil field drilling just south of the border in North Dakota, the 15-unit CanStay Motel complex is made of 40′ shipping containers converted into modular bachelor units. According to cbc.ca/news, …
MHProNews.com has learned from brandonsun.com, the Canada Mortgage and Housing Corporation has awarded the contract to build seven new modular houses for the Sioux Valley Dakota Nation to Home Hardware in Virden, Manitoba, Canada. Instead of nails and wood, the homes will be structural thermal energy efficient panels (STEEP), materials …
A five-foot patch of soil sank from the weight of a crane lifting half of a modular home into place in Marathon, Florida on the Florida Keys. According to keysnet.com, one section of the three-bedroom, two-bath home crushed a boat on adjacent property as it tipped half way over. No …
Manufactured home community (MHC) owner UMH Properties, Inc. (UMH) will host a webcast and conference call for its first quarter, 2014 financials on Friday, May 9, 2014 at 10 AM eastern time. As marketwatch.com reports, senior management will discuss the results, current market conditions and the future. UMH is a …
The North Dakota Housing Finance Agency (NDHFA) presented Champion Home Builders the Champions of Affordable Housing Award for its modular townhome development, Wolf Run Village, in Watford City, ND, as MHProNews.com has learned. The award was presented at the 23rd annual Statewide Housing Conference on February 27, 2014 to the …
According to tickerreport.com, Sun Communities, Inc. (NYSE:SUI) announced a dividend of $0.65 per share for investors on record as of March 31, 2014 to be paid April 17, with an ex-dividend date of March 27. Analysts at Wells Fargo & Co. upgraded their rating of Sun’s shares from a “market …
MHProNews.com has learned from heraldtribune.com a subsidiary of Equity LifeStyle Properties, Inc. (NYSE:ELS) paid $35.8 million to acquire 850 homesites covering 143.5 acres to expand its Colony Cove community in Manatee County, Florida. Equity LifeStyle purchased the 55+Colony Cove manufactured home community comprised of 2,211 homesites for $53.4 million in …
Following a story MHProNews.com last posted on Jan. 1, 2014 regarding a modular housing apartment building planned in Estevan, Saskatchewan, Canada, placement of the first module occurred March 13, and by Mon., March 17, 75 percent of the 55-unit, four-story Marisa Condos was in place. The modules are trucked up …
Private equity real estate investment firm Green Courte Partners, LLC announces the promotions of Chad V. Gardner and Matthew J. Pyzyk to vice president, according to prnewswire.com. Gardner joined Green Courte as a senior accountant in Nov. 2010, and in his new position as vice president and portfolio controller he …
Insurance policy administrator Insurity, Inc. has been selected by American Modern Insurance Group to administer physical damage coverage for manufactured home (MH) dealers. According to Bill Gottsacker, American Modern’s VP, says, “Insurity has a strong reputation in the insurance industry, especially when it comes to the complexity of specialty lines …
Following a story MHProNews.com first posted March 3, 2014 regarding the condemning and shuttering of Life O’Riley Mobile Home Park in Lansing, Michigan by the Ingham County Health Department, State Rep. Andy Schor (D-Lansing) plans to introduce legislation to give local authorities more control over manufactured home communities (MHCs). Currently, …
Legislation will Give Cities more Control to Manufactured Home Communities Read More
The Reseda Mobile Estates in California has been acquired by Anaheim, CA-based Reseda mhp Associates LP for $13.1 million. According to Briana Barbier of Marcus & Millichap, who represented the seller, the 108-site manufactured home community “is a stable, well-maintained community that provides affordable housing in the expensive, high-demand San …
Referring back to a story MHProNews.com published March 17, 2014 regarding the new housing reform finance bill being discussed in the Senate Banking Committee, Credit Suisse AG says it will only cover losses after private capital bears the first ten percent, which will lead to more expensive mortgages. The proposal …
Housing Finance Reform Addendum; Lender Adds Manufactured Housing as Eligible Read More
MHProNews.com has learned that Canada’s Killam Properties, Inc. has chosen Ms. Karine MacIndoe to serve as a director of the corporation. Chosen for her experience in finance, capital markets and real estate, she is currently an independent consultant but previously worked for BMO Capital Markets, NM Rothschild & Son and …
Following a story MHProNews.com posted March 3, 2014 regarding Drew Industries’ Inc.’s (NYSE:DW) intent to purchase Star Design LLC, a formed plastic manufacturer of Elkhart, Indiana, the acquisition is now complete. Acquired through its wholly-owned subsidiary, Lippert Components, Inc., the $12.3 million purchase was made from the company’s $75 million …
For the first quarter ending Feb. 1, 2014, Nobility Homes, Inc. (NOBH) reports sales increased 23 percent to $4,191,429 over the $3,401,667 for the comparable period in 2013. Net income based on those sales after taxes increased to $103,402, well above the $4,845 for the same period of 2013. Working …
A distributor of over 10,000 products to a customer base of 11,500, including components for the manufactured housing industry, BlueLinx Holdings, Inc. (BXC) has entered into an amendment for its U. S. revolving credit agreement for an additional $20 million line of credit, according to marketwatch.com. Led by Wells Fargo …
Manufactured Home Component Supplier Expands Credit Read More
MHProNews.com has learned residents at Hickory Hill manufactured housing community (MHC) in Klecknersville, Pennsylvania, just north of Allentown, are forming a homeowners association and considering taking the owner to court for allegedly overcharging them on their utilities. They also claim the owner, Albert Jinks, requires them to buy upgrades—decks, garages …
Crestview Estates, a manufactured housing community in Norton Shores, Michigan has a new owner after the community’s water bills and other utilities went unpaid for several consecutive months by owner Adam Schwerin. While a group of Catholic churches paid the water bill previously, the new owners, ALT Property Management and …
Maryville, Tennessee-based Clayton Homes announces it is partnering with the Si Robertson clan in the Duck Commander 500 NASCAR® Sprint Cup Series race at Texas Motor Speedway April 6. Noting family Robertson has endorsed Clayton Homes as a “Good Call” for American homebuyers, Si and his wife, Christine, live in …
Clayton, Robertson Clan Partner on Duck Commander Stock Car Race Read More
