News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Following the San Bruno natural gas pipeline explosion in California, Gov. Jerry Brown signed legislation to improve safety of the lightly regulated natural gas and propane distribution piping systems at manufactured home communities (MHC), of which there are 5,000 in the state housing one million people. The first conversion of […]
California Utilities Upgrading Service to Manufactured Home Residents Read More
According to financialmagazin, Executive Vice President and Chief Financial Officer of Patrick Industries, Inc. (NASDAQ:PATK) Andy Nemeth purchased 8,000 shares of company stock at $38.20 per share for a net value of $305,797. Nemeth now owns 76,999 shares which comprise 0.50 percent of the outstanding shares of the company. Meanwhile
Patrick Industries Veep Purchases Company Stock Read More
MHProNews has learned from Capital One that it arranged a $3.1 million fixed-rate loan package through Ladder Capital Finance to refinance the Orange Grove manufactured home community (MHC) in San Fernando, California. Senior Vice President Chad Thomas Hagwood, the head of Capital One Multifamily’s Birmingham, Ala. office, brokered the transaction
Capital One Brokers Loan for Orange Grove Land Lease Community Read More
In the news from CNNMoney: Oil falls below $40. Fed signals interest rate hike. Airport workers across the country go on strike. Member of Congress’s net worth averages $1.1 million, 20x that of an American family. Germany a safe haven for investors following Paris attacks. 2$ gas coming to most
NASDAQ crosses 5,000 Mark, Dow Gains 247 Points, MHCV moves up 2.71% Read More
In the fifth edition of its shale economic development chart, Bricker and Eckler report a 51 percent increase in total investments since a year ago in Ohio’s oil and gas-related projects, amounting to nearly $33.7 billion. In information provided to MHProNews by Ohio Manufactured Homes Association (OMHA), there has been
Trump, Kasich, Shale and Manufactured Housing Read More
The San Mateo County Board of Supervisors in California adopted an temporary urgency ordinance to prevent eight manufactured home communities (MHCs) from closing or converting for the next 45 days in an attempt to keep affordable housing available in the Bay Area. The Bay Area is one of the most
CA County Issues Ordinance to Ban Manufactured Home Community Closure Read More
Peter Morrissette, of PEM Real Estate LLC, had petitioned the Zoning Board of Adjustment in Laconia, New Hampshire for a zoning variance to allow him to use what had been St. Helena Mission Church as a storage facility. However, stiff opposition from the neighbors, and Warren Hutchins, the chairman of
New Hampshire Brothers Plan Modular Housing Read More
A 100-unit full service modular lodging complex in Sydney, Montana will go on the online auction block Dec. 3, 2015, with the bidding starting at $2,000,000, conducted by CBRE. Built in 2013, Eagles Lodging housed oilfield workers in the Bakken Shale and Williston Basin in North Dakota, according to bakken.
CBRE to Auction off Modular Workforce Housing Read More
MHProNews has learned from insidertradingreport that UMH Properties, Inc. (NYSE:UMH) director Matthew I Hirsch purchased 1,053 shares of the company, a transaction disclosed Nov. 17, 2015 to the Securities and Exchange Commission. Mr Hirsch acquired the shares at $9.50 per share for a total transaction of $9,999.99. UMH shares have
UMH Properties Reports Insider Stock Sale Read More
In the news from CNNMoney: Iraq is flooding the U. S. with oil. Fox news reporters heat the airwaves with opinions impassioned by Paris attacks. Homeowners buying new roofs and counter tops. Angie’s list rebuffs takeover bid by Barry Diller’s InterActiveCorp. IKEA opening mini stores for ordering and later pick-up.
Most Stocks Flat, but Patrick Gains 6.56%, Deer Valley Drops Sharply Read More
Rob Ripperda of the Texas Manufactured Housing Association (TMHA) tells MHProNews stats for August 2015 indicate new manufactured home titles rose 4.44 percent over last August, and increased 1.69 percent over July, 2015, with multi-section home sales outpacing single section homes. On the year, multi-section home sales are up 7.18
Multi-section Homes Out Perform Single Section in Texas Read More
Updating a story MHProNews posted from Mohave County, Arizona Nov. 16 regarding an ordinance that would restrict manufactured homes (MH) older than seven years from unincorporated areas of the county, the Mohave County supervisors voted to send that section back to planning and zoning, and not enforce it until P&Z
AZ Supervisors send Ordinance back to P & Z Read More
According to scotsmanguide, reports released last week by the government-sponsored enterprises (GSEs) reveal the combined volume of single-family loans purchased and guaranteed by Fannie Mae and Freddie Mac through Q3 2015 have exceeded the total for all of 2014. Total GSE volume hit $640.7 billion for the first nine months
Jan.–Sept. 2015 GSE Volume Outpaces 2014 Totals Read More
The Delaware Attorney General’s office has filed a lawsuit against Chicago-based Hometown America Communities Inc., the owner of three Delaware manufactured home communities (MHC ) for allegedly pressuring tenants into waiving their right to arbitrate rent increases, according to delaware1059. Residents at Angola Beach Estates, Rehoboth Bay and Barclay Farms
State Sues MHC Owner over Rent Arbitration Read More
In the news from CNNMoney: Marriott acquisition of Starwood creates largest hotel company. Auto loans hit $1 trillion mark for first time. United Kingdom hiring 1,900 spies to fight Isis. U. S. markets still strong despite Paris attacks. Wall Street expects retail sales to only rise two percent in Nov.
Sun Communities Gains over 3.5%; Dow, Nasdaq, S&P all Gain over One Percent Read More
President and CEO of Clayton Homes, Inc. since 1999, Kevin T. Clayton is a board member of Ruby Tuesday, Inc., and on Tue., Nov. 10, 2015, purchased 20,000 shares of company stock at $5.20 per share for a total value of $104,000. As wkrb13 reports, in a document filed with
Clayton CEO Purchases 20k shares of Ruby Tuesday Read More
Following a story MHProNews posted Nov. 13, 2015 regarding a new ordinance in Mojave County, Arizona that restricts siting of manufactured homes (MH) to no older than seven years, kdminer tells MHProNews the County Board of Supervisors will weigh a request from the Manufactured Housing Industry of Arizona to delay
County may Amend Restrictive MH Siting Ordinance Read More
In a transaction dated Nov. 11, 2015, Drew Industries (NYSE:DW) Director Leigh J. Abrams sold 6,000 shares of Drew stock at $59.27 per share for a net value of $355,620.00, according to a filing with the Securities and Exchange Commission. Mr. Abrams now owns 74,506 shares valued at $4,415,970.62, according
Drew Director sells 6,000 Shares Read More
What’s New in Manufactured Housing Industry Professional News $25k can apply to MH in Ala. and Long Island. Insider trading: Cavco, UMH, Sun, Drew. MH securitizer beats Zacks consensus. Ordinance allows newer homes only. Log cabin builder honored. Former Ginnie Mae head says mortgage reform unlikely. One Fed Head says
Sunday Morning Recap-Manufactured Housing Industry News Nov. 8-Nov. 15, 2015 Read More
According to americantradejournal, on Nov. 5, 2015 Eugene W. Landy, Chairman of the Board of UMH Properties, Inc. (NYSE:UMH) purchased 5,000 shares of UMH stock at $9.92 per share for a total of $49,652.62. As MHProNews reported Aug.18, 2015, Landy purchased 5,479 shares of UMH at $9.12 per share for
UMH Chairman Adds to His Company Stock Read More
