Manufactured Homes

W. Frankfort, Illinois Restricting New Manufactured Homes

In an attempt to improve the control of manufactured homes (MH) in West Frankfort, Illinois, city commissioners are proposing an ordinance to define space requirements for new MH within the city limits, but extending to 1 ½ miles out. Total area for the home must be 6,000 square feet, and …

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UMH Acquires Four Manufactured Home Communities

Freehold, New Jersey-based UMH Properties, Inc. has closed on the acquisition of four manufactured home communities (MHCS) in the Pittsburgh area for $12,200,000, according to PRWeb.com. These all-age communities contain a total of 336 developed homesites situated on a total of 239 acres. Average occupancy for these MHCs is 84 …

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Manufactured Homes Overlooking Pacific very Pricey

While many of the Malibu, California rich and famous have $25 million and up beach estates, just a few blocks away in Paradise Cove Mobile Home Park a manufactured home may sell for $300,000, although one is currently listed at $3.75 million, according to Zillow.com. It is a 2,200-square-foot, four-bedroom …

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UFPI to Release Second Quarter Earnings Report

Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q2 2014 earnings report Thursday, July 17 at 8:30 AM eastern time, and will hold a conference call to discuss the results. While its stock opened this morning at $46.10, it has a 52-week high of $58.52 and a 52-week low of …

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MHC Owner and Residents Unite against City

The owner of the Westwood Mobile Home Park in Innisfail, Alberta, Canada, is uniting with his residents in opposing a dump site the Innisfail Council is trying to locate next to the manufactured home community (MHC). Don Petersen, who has owned the community for 20 years, told 40 residents gathered …

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South Carolina Eases Fees on Manufactured Home Workers

State boards at the South Carolina Department of Labor, Licensing and Regulation (LLR) have combined the cost and review of licenses issued by the Manufactured Housing Board for those who work on manufactured homes. In a report from Associated Press, theitem.com says the new regulation will allow people who sell, …

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Patrick to Release Second Quarter Financials

According to wsj.com, Elkhart, Indiana-based Patrick Industries, Inc. (NASDADQ:PATK) will release its second quarter financial results before the market opens Tuesday, July 29, 2014, followed by a conference call later that same morning at 10:00 A.M. eastern time. The question-and-answer session will be limited to investors and analysts, and will …

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Bad Day for Manufactured Housing

According to what Benzinga.com tells MHProNews.com, of the ten worst performing industries for July 15, 2014, manufactured housing (MH) was number two, with a -2.13 percent loss by 11 AM eastern time. Toy and hobby stores were number one at -2.83 percent. Ranked third was drug-related products which came in …

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Manufactured Homes Protected by State Law

The Massachusetts Homestead Act protects homeowners from having their homes sold off to pay unsecured debts such as credit cards and lawsuits, providing they live in the home as their principal residence, according to thevalleydispatch.com. It does not apply to mortgage payments or taxes or liens on the property, but …

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Financing Arranged for Manufactured Housing Community

According to nyreg.com, the Largo Group of Companies of Rochester, New York has arranged $2.2 million in financing for a manufactured housing community (MHC) in Falconer, and an industrial building in Buffalo. Falconer Village Manufactured Housing Community has 53 homesites and is three miles from Jamestown, NY, as MHProNews has …

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Mother, Daughter get $5k Upgrade to Manufactured Home

Virginia Walton, who drove a truck in the U. S. Army during the 1970s, and her daughter, Veronica Cowelti, a former U. S. Navy hospital corpsman who served in the Persian Gulf War and became a nurse like her mother, received $5,000 worth of improvements to their manufactured home.  According …

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Rainbow Rock Community in Florida Sold by M&M

Commercial real estate investment services firm Marcus & Millichap (NYSE:MMI) arranged the sale of Rainbow Rock Mobile Home Park in Plant City, Florida from a Wisconsin-based limited liability company to a private investor from Washington for $1.28 million. Built in 1954, the community sits on about ten acres and is …

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Members Chosen for MH Energy Efficiency Standards Committee

The Manufactured Housing Institute (MHI) reports the Department of Energy (DOE) has selected 20 voting representatives to serve on the committee to develop new energy efficiency standards for manufactured housing. The members include people from the industry, energy efficiency advocates, state energy officials, utilities and consumer representatives. In addition to …

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Park Street Acquires MHC in Kansas

Private investment firm Park Street Partners acquired the Cherrywoods Manufactured Home Community in the Kansas City area. The 45-homesite all age, four star community sits on six acres in Ottawa, Kansas, reports motoemag.com. Jefferson Lilly of Park Street says the company intends to make Cherrywoods into “the premier affordable housing …

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Arizona Grant Provides Family with New Manufactured Home

With assistance through Yuma, Arizona’s housing rehabilitation program using Community Development Block Grant (CDBG) money, and a grant from the Arizona Department of Housing, as a low-income, single mother, Sylvia Lopez qualified for a new manufactured home to replace her 1971 model that became inhabitable, according to yumasun.com. She is …

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Manufactured Homes are the New Condos in Marin

With single-family home and condo prices rising in the San Francisco Bay area, along with rents, Marin real estate agent Laura Watts calls manufactured homes (MH) “the new condos,”according to marinij.com. For the first six months of this year compared to 2013 the median price of a manufactured home has …

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Golden West Marks 35,000th Manufactured Home

A 1,512 square-foot manufactured home (MH) set for delivery to a dealer in Chico, California will mark a milestone for Golden West Homes of Albany, Oregon as it celebrates production of its 35,000th home. A plaque will be unveiled in honor of the event at a company cookout July 17 …

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Sun Set to Release Second Quarter 2014 Financials

MHProNews.com has learned from wsj.com that real estate investment trust (REIT) Sun Communities, Inc. has set its earnings release and conference call dates for the second quarter, 2014. The results will be announced before the market opens Thurs., July 24 with a conference to follow later that day at 11:00 …

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Parkbridge Replaces/Rebuilds old Manufactured Homes

Through a community enhancement program, Parkbridge Lifestyle Communities has been able to update existing manufactured homes (MH) and replace old homes with new ones in Crestway Bays in Surrey, British Columbia, Canada, just outside Vancouver. Lachlan MacLean of Parkbridge, noting the 1970’s build era of many manufactured home communities (MHC) …

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Parish Council Votes to Allow Siting of Manufactured Homes

Residents of Lacombe, Louisiana, across Lake Pontchartrain from New Orleans, filled the St. Tammany Parish Council chamber protesting a zoning change that would allow manufactured housing on a 3.5 acre tract in their neighborhood. The opponents attorney argued there are already manufactured homes (MH) in the Oak Lawn East subdivision, …

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