A veteran of over 40 years in the manufactured and modular housing industry, and the owner of Prevatte’s Home Sales in Lumberton, North Carolina, for 25 years, Tonnie Prevatte received the Rollan Jones Member of the Year award as voted by the members of the North Carolina Manufactured and Modular …
Prevatte Honored by NC Manufactured and Modular Housing Industry Read More
Following a story MHProNews last published July 2, 2014 regarding a plan by the Affordable Housing Committee of Bluffton, South Carolina to offer assistance to ten qualified residents to purchase modular homes, the town is now considering expanding its Small Home Series program, since eleven people have inquired about the …
Manufactured Homes may be Included in SC Affordable Housing Plan Read More
The Greene County Planning Board in North Carolina, after reconsidering the county’s manufactured home (MH) ordinance which restricts homes being brought into the county to no more than 15 years old, has removed the restriction and recommended the decision to the county commissioners. A North Carolina Court of Appeals ruled …
North Carolina County Suggests Removing MH Age Restriction Read More
MHProNews has been informed by virtual-strategy.com an affiliate of Capital Square Realty Advisors, LLC has acquired three manufactured housing communities consisting of 1,141 home sites in Indiana and Ohio. The largest community is Timberbrook in Bristol, Indiana with 567 homesites set on 103 acres. Woodlake-Summerdale, located in Yoder, IN is …
The Michigan Manufactured Housing Association (MMHA) reminds occupants of system-built homes that potentially damaging summer wind and rain storms are at their peak and residents should ensure that roofs are in good condition and rainwater is directed away from the foundations. While manufactured homes (MH) are built to strict federal …
The Lansing (Mich.) City Council has approved plans for developer Harry Hepler to build 200 modular apartments on the city’s northside, as lansingstatejournal.com informs MHProNews. Summit Street Development LLC has received a conditional use permit to build housing on the property that is zoned heavy industrial. Mr. Hepler says Metro …
A new manufactured housing community (MHC) is being developed in Courtland Township in western Michigan on the site of a former MHC, and the 55 and older community may eventually include up to 700 two and three-bedroom homes. The Oaks of Rockford will begin with 150 homesites at $375 a …
A post on mortgagegrapevine.com reports someone attempting to buy a manufactured home in a community in Southern California is seeking a lender. The borrower is asking for $269,500, has full documentation, a FICO score of 569, and the loan-to-value ratio is 70 percent. MHProNews offers excerpts from two of the …
The IDEAS Investor Conference to be held Tue., Aug. 26 in Chicago will feature Encore Wire Corporation’s (NASDAQ:WIRE) Chief Financial Officer Frank J. Bilban presenting his company’s investment merits to an audience of investment professionals who combined have over $200 billion of assets under management. IDEAS Conferences, which are also …
Manufactured Home Wire Supplier Presenting at Investor Conference Read More
Equity LifeStyle Properties (ELS)/Equity Residential Chairman Sam Zell is seeking to raise $600 million for investments in emerging markets in India, China and Latin America, and may be competing with his former partner at Equity Residential, Gary Garrabrant, who left Equity suddenly in 2012, according to therealdeal.com. Garrabrant, who founded …
The Rochester Hills (Michigan) Planning Commission has been asked to rezone just under 80 acres for a 500 homesite manufactured housing community, according to theoaklandpress.com. Six Star Investments of Bloomfield Hills MI and DNL Property Holding of Novi, MI have filed documents for the proposal that will be presented at …
New Manufactured Housing Community Proposed in Michigan Read More
Manufactured home component supplier Drew Industries, Inc. (DW) announces that its wholly-owned subsidiary, Lippert Components, Inc. (LCI) has acquired Duncan Systems, Inc., also of Elkhart, Indiana, and a supplier of aftermarket truck and recreational vehicle (RV) glass windows and awnings for $18 million. Duncan’s estimated sales as of July 2014 …
Lippert Acquires Aftermarket RV and Truck Component Supplier Read More
If a local businessman has his way, upscale Hilton Head, South Carolina will see a 14-home site manufactured housing community (MHC). Enrique Lopez has applied to the South Carolina Department of Health and Environmental Control for Coastal Zone Consistency Determination, and intends to sell lots for $70,000 each. Noting a …
Following up on a story MHProNews published July 31, 2014 regarding the acquisition by Sun Communities, Inc. of 59 manufactured home communities (MHC) comprising more than 19,000 homesites in eleven states from Green Courte Partners, LLC for $1.32 billion, we have learned from crainsdetroit.com that three of the properties are …
The Manufactured Housing Institute (MHI) reports that the Department of Housing and Urban Development (HUD) will increase label fees on new manufactured homes (MH) to $100 per label effective Sept. 12, 2014 to help cover the costs of administering the program. Manufacturers that have already purchased the $39 labels will …
Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a …
The Manufactured Housing Institute’s (MHI’s) legislative report for August 12, 2014 says legislation in the California Senate Appropriations Committee would allow loans to be made from the Mobile Home Park Rehabilitation and Purchase Fund to a non-profit entity to purchase a manufactured home community as long as 30 percent or …
State Loans to Acquire an MHC must Insure Health, Safety and Affordability Read More
Halifax, Nova Scotia, Canada-based Killam Properties, Inc. (TSE:KMP) announced on Aug. 13 shareholders of record as of Aug. 29, 2014 will be paid a dividend per share of $0.05, according to watchlistnews.com. While analysts at CIBC cut their target price back from $13.00 to $12.00 Aug. 8, they now have …
Following a story MHProNews last posted Aug. 7, 2014 regarding the sentencing of Marina McCuen for her role in a scheme that defrauded the government of millions of dollars by selling manufactured and modular homes to consumers whose credit information was altered, a second defendant, Roger Dean Bailey, Jr. was …
Second Defendant Sentenced in HUD Code/Mod Home Sales Scheme Read More
The Federal Reserve’s Vice-chairman, Stanley Fischer, says although the economy has added over 200,000 jobs monthly and the unemployment rate is lowering, the labor force participation rate has remained at 62.9 percent, which may indicate dejected workers who have stopped looking for work. This, combined with the soft U. S. …
Fed Vice-chair Concerned Slow Economic Growth is Global Read More
