City officials in Port Lavaca, Texas have imposed a six month ban on the development of new manufactured housing communities (MHCs) to allow the creation of new regulations. In the wake of the oil boom in the area, according to victoriaadvocate.com, two developers had applied for permission to build MHCs, …
Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while …
Announcing financial results for its fiscal year ending Nov. 2, 2013, Nobility Homes, Inc. reports sales increased 17 percent to $18,525,950 as compared to $15,834,971 for the same period last year. Net income after taxes for the year rose to $747,106 from $49,759 FY 2012. Diluted earnings for the year …
Nobility Homes’ Revenue and Income Rises in 2013 Versus 2012 Read More
Drew Industries, Inc. subsidiary Lippert Components, Inc. has acquired Fortress Technologies LLC of Middlebury, Indiana for $3.3 million. Fortress is a specialized manufacturer of recreational vehicle (RV) chassis with an estimated annual sales revenue of $3 million, according to RVBusiness.com. “The people and assets we’ve added from Fortress Technologies will …
The 18 manufactured housing (MH) and recreational vehicle (RV) communities in San Angelo, Texas, each have different variances and maintenance regulations, and the city wants to establish uniform ordinances in response to the influx of workers drawn by the Eagle Ford Shale oilfield in southwest Texas. Concern resonates among city …
City Strives to Govern Manufactured Housing and RV Communities Read More
Following up the story MHProNews posted Dec. 11, 2013 regarding workforce housing and recreational vehicle (RV) regulations in Richland County, Montana, County Planner Marcy Hamburg says any parcel of land that is also rented/leased as temporary housing–RVs, park models, modular, campers, travel trailers, skid units—is considered a subdivision. As such …
Montana County Enforces Workforce Housing Regulations Read More
The board of directors of Canada-based Killam Properties, Inc. has declared a monthly dividend of $0.04833 per common share to be paid on Jan. 15, 2014 to shareholders on record as of Dec. 31, 2013. As 4-traders.com reports, the company offers shareholders the opportunity to reinvest their dividends in additional …
Canada’s Killam Properties Declares Monthly Dividend Read More
Some higher-priced mortgages will be exempt from certain appraisal requirements following the issuance of a final rule by six financial regulatory agencies. In order to make sure a loan is sound, a physical visit with written appraisal must be made to see the interior of a home prior to making …
New Guidelines Regarding Appraisal Requirements Released Read More
Drew Industries Inc.(DW) of Elkhart County, Indiana announces it will begin trading of ex-dividend Dec. 18, 2013, paying $2 a share which is scheduled to be paid Jan. 6, 2014. Even purchasers of the stock before the ex-dividend date can receive the cash dividend payment, according to nasdaq.com. Drew’s stock …
Senators Joe Donnelly (D-IN) and Tom Coburn (R-OK) introduced S. 1828, The Preserving Access to Manufactured Housing Act in the Senate as a companion to House Bill 1779 of the same name that protects the ability of manufactured home owners to buy, sell and refinance homes. The new guidelines issued …
Following up on a story MHProNews published Sept. 18, 2013 regarding a survey of manufactured home owners and community operators being conducted by the Queensland, Australia government, respondents must reply by Dec. 20. The survey includes questions on a range of topics including sales, operations, utility charges, rent increases and …
Survey of Manufactured Home Owners/Operators ends Dec. 20 Read More
The Alabama Manufactured Housing Association (AMHA) informs MHProNews city dignitaries were on hand for a ribbon-cutting ceremony at the expanded facilities of CIS Financial Services in Hamilton, Alabama to honor company found Paula Reeves. She began the company in 1991 with two employees and has now grown to 78 employees …
Following up on a story we posted Dec. 11, 2013 regarding the confirmation of Rep. Mel Watt to lead the Federal Housing Finance Agency (FHFA), MHProNews has learned from the Manufactured Housing Institute (MHI) Rep. Watt has favored measures that require GSEs (government supported enterprises) to support affordable housing. This …
New FHFA Head has Supported Duty-To-Serve in the Past Read More
The Manufactured Housing Association for Regulatory Reform informs MHProNews the Department of Housing and Urban Development (HUD) has published a final rule that implements Manufactured Housing Consensus Committee (MHCC) recommendations made in 2005. Set to take effect June 9, 2014, the final rule omits MHCC-proposed changes to the HUD formaldehyde …
Manufactured Housing Consensus Committee: Win Some, Lose Some Read More
The Virginia Manufactured and Modular Housing Association (VAMMHA) announces applications are being accepted for its 2014 Scholarship Program. Applicants must be employed by VAMMHA member companies or be the children or grandchildren of employees and have a 3.0 grade point average (GPA). Nominations are open to senior high school and …
The Virginia Manufactured and Modular Housing Association (VMMHA) informs MHProNews the implementation of Dodd-Frank regulations by the Consumer Financial Protection Bureau (CFPB) that negatively impact the manufactured housing industry will not be delayed as requested by members of the U. S. Senate. CFPB Director Richard Cordray sent a letter to …
Consumer Financial Protection Bureau Rejects Delaying Dodd-Frank Read More
MHProNews has learned from sidneyherald.com two or more units of workforce housing or manufactured homes sited on the same parcel of land in Richland County, Montana must be compliant with the Richland County Subdivision Regulations. Additionally, the plans must also be approved by the Montana Dept. of Health and Human …
Over Two Manufactured or Modular Units Need Approval Read More
Manufactured housing communities and apartment buildings in Mankato, Minnesota will have an additional six months to adjust to the two percent increase for water and sewer service charges, according to mankatofreepress.com. The increase, intended to get revenues more in line with costs, was originally scheduled for Jan. 1, 2014 but …
Utility Bill Increase for Manufactured Homes Delayed Six Months Read More
Owners of manufactured homes that occupy land owned by someone else in Washington County, Indiana are required to submit the vehicle identification number (VIN) or a copy of the title to the county assessor’s office by Dec. 20, 2013. MHProNews has learned from salemleader.com if the home owner does not …
MHProNews has learned from blueridgenow.com as of Jan. 1, 2014 that the North Carolina sales tax on manufactured homes will increase from two percent to the general rate of 4.75 percent, and on modular homes from 2.5 percent to 4.75 percent. Neil Carter, owner of Carter’s Homes in Fletcher says …
New Sales Tax will Raise the Price of Manufactured, Modular Homes Read More
