The National Mass Housing Development Programme in Namibia, Africa plans to build 185,000 modular houses by 2030 to ease the critical housing shortage. A Chinese-Namibian company called Afrina, a joint venture of the government with Sinotech Modular Housing of China, utilizes construction techniques that enable the building of a two-bedroom …
MHProNews.com has learned that UMH Properties, Inc. of Freehold, New Jersey has acquired eight Ohio manufactured home communities (MHCs) comprised of 1,018 homesites with an average 70 percent occupancy rate, for $24,950,000. A public real estate investment trust (REIT), marketwatch.com reports the company owns and operates eighty-two manufactured home communities …
According to tickerreport.com, manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) has announced it will pay shareholders of record on Friday, March 28, 2014 a dividend of $0.325 per share on Friday, April 11, 2014, representing an annualized dividend of $1.30 and a dividend yield of 3.17 percent. The …
Manufactured housing and recreational vehicle component supplier Lippert Components, Inc. of Goshen, Indiana is bringing 180 jobs this year to a building it has signed on to lease for 12 years in South Bend, IN, and expects to add a total of 380 workers in the coming ten years. While …
A revised application for the siting of modular living units in Ridgefield, Connecticut may lead to a legal settlement after 1 1/2 years. Ridgefield Modular Home Corp. originally submitted plans for 11 apartments in a four-cluster modular building under the state’s affordable housing law in Sept. of 2012. Ridgefield is …
According to theiet.org, the world is beginning to realize the advantages of modular construction methods in the wake of the desire for quicker, cheaper, cleaner and more environmentally friendly building techniques. Two years ago China’s Broad Construction stunned the world when it assembled a 30-story modular hotel working round the …
Off Site Construction Methods Gaining Recognition and Advocates Read More
A 24-unit assisted living facility owned and operated by Northern California Presbyterian Homes and Services (NCPHS), part of The Woods, a 55-plus manufactured home community in Mendocino, CA, is set to close sometime in May. According to mendocinobeacon.com, NCPHS submitted a closure plan to the state Department of Social Services …
Part of Senior Manufactured Home Community to Close Read More
MHProNews.com has been informed by mortgagenewsdaily.com that M&T Bank has updated its United States Department of Agriculture (USDA) guidelines and is removing its combined loan to value (CLTV) limit where the second lien is an affordable housing grant. In addition, it is no longer permitting manufactured homes on its SONYMA …
The Village Board in Poplar Grove, Illinois just north of Rockford denied a request to develop 72 acres into two manufactured home communities (MHCs), as a packed boardroom meeting erupted into applause. Flora Meadows applied for two permits for Hawthorn Meadows South and Hawthorn Meadows North, but Board Chairman John …
Encore Wire Corporation’s Chief Financial Officer (CFO), Frank J. Bilban, will be presenting at Sidoti & Company’s annual Institutional Investor Forum, Mon., March 17 at the Grand Hyatt Hotel in New York City, according to wsj.com. Encore (NASDAQ:Wire) produces a broad spectrum of electrical building wire for commercial and industrial …
Manufactured Home Wiring Provider Presenting at Sidoti Forum Read More
Using its rapid deployment data center (RDDC) model, Facebook will build its datacenter facilities based on modular construction methods that will provide two immediate benefits: standardization of design in terms of construction and architecture so new facilities will not have to be designed from scratch; and speed of deployment, according …
While MHProNews.com last reported on Feb. 25, 2014 that Commodore Homes was closing its modular plant in Danville, Virginia, and moving operations to a newer facility in North Carolina, elkharttruth.com says Commodore is expanding its Goshen, IN manufactured housing plant by 15,000 square feet, and eventually plans to hire over …
A Cheektowaga, New York senior housing community is being acquired by Northstar Realty Finance Company, a New York City-based real estate investment trust (REIT) and owner of a portfolio of manufactured housing communities. Syracuse-based Peregrine Senior Living is selling Peregrine’s Landing LLC for $12.5 million, buffalonews.com reports. As MHProNews.com posted …
MHProNews.com has learned modular builder Britco of Langley, British Columbia (BC) will supply modular housing for the athletes competing in the Canada Winter Games in Prince George, in east central BC, in 2015. Following the competition, four of the modular units will be transformed into libraries for First Nations communities …
MHProNews has been informed that officials at the Manufactured Housing Institute (MHI) and industry leaders are cheering the appointment of Pamela Beck Danner as the new Administrator for the Office of Manufactured Housing at the Department of Housing and Urban Development (HUD). In the 1980’s Ms. Danner served as counsel …
Pamela Beck Danner to Head the Office of Manufactured Housing at HUD Read More
Following a story MHProNews.com last posted Jan. 17, 2014 regarding the Clayton-Bradley Academy on the campus of manufactured home producer Clayton Homes in Maryville, Tennessee, thedailytimes.com reports the Academy and Maryville College have partnered in an exchange of resources. Maryville College will offer access to its academic and athletic facilities …
Clayton-Bradley Academy partners with Maryville College Read More
Canterbury Earthquake Recovery Minister Gerry Brownlee and New Zealand Prime Minister John Key attended the announcement ceremony of a joint venture between two Christchurch-based companies to build and operate New Zealand’s first major panelized building factory. Building manufacturer Spanbild and the country’s largest privately owned group home builder, Mike Greer …
New Zealand Companies Join to Produce Modular Homes Read More
Now that responsibility for enforcing the Real Estate Settlement Procedures Act (RESPA) has been transferred to to the Consumer Financial Protection Bureau (CFPB), the question of whether the agency would sue alleged violators or accept a monetary settlement with the promise that it cease its errant ways has been decided—at …
The owners of Hendrickson Estates and Hendrickson Heritage Park manufactured home communities in Sequim, Washington, just northwest of Seattle, say city fees for installing new homes have risen, adding insult to injury in the face of a housing industry battered by the recession. Jeanne Murray and Mel Hendrickson, co-owners of …
Assorted Fees a Deterrent to Siting Manufactured Homes Read More
Technology-based marketing services company SearchCore, Inc., which connects consumers with brands, products and services through comprehensive websites, announces additions to their ManufacturedHomes.com site including the most extensive list of producers of manufactured homes (MH), retail centers and floor plans available in the entire industry. The company’s next step will be …
