The Department of Consumer Protection, responding to numerous resident complaints beginning in 2012, has issued a legal decision and order against Shoreline Trailer Court in Branford, Connecticut for failing to maintain the community in a safe and habitable condition. Specifically, according to branfordpatch, Shoreline was infested with feral cats, rodents, …
Connecticut Manufactured Housing Community under Fire Read More
Pulte Homes has been eyeing Winchester Ranch Mobile Home Park in San Jose, California, home to 145 mostly low-income seniors and disabled residents, as a possible site for market-rate condos. Homesite rents pale compared to the median home price of $612,250 in San Jose, giving community owner Cali-Arioto Properties consideration …
The Virginia Manufactured and Modular Housing Association (VAMMHA) reports to MHProNews that the Virginia Titling Tax increased on automobiles but remained at three percent on sales of manufactured homes. In Virginia, as in many states, manufactured homes continue to be classified under motor vehicle laws in a throw back to …
Canadian Apartment Properties (CAP) REIT of Canada owns and operates a portfolio of real estate primarily around larger urban markets that includes apartments and townhomes as well as 14 manufactured housing communities (MHC) comprised of 3,370 homesites. As seekingalpha informs MHProNews Cap REIT reduces financial risk by having 38,000 residential …
Portfolio in Canada includes Manufactured Housing Communities Read More
Updating a story MHProNews posted Oct. 21 regarding a tax increase to pay for relocating manufactured home residents who live dangerously close to a runway at Fairchild Air Base in Spokane, Washington, the city council voted 4-1 to raise county property taxes 6.3 cents per $1,000 valuation for Proposition 1. …
Council Approves Tax to Move Manufactured Home Residents Read More
Swiss photojournalist Frimmel Smith, working in collaboration with the American Institute of Architecture (AIA), interviewed people who choose to live in manufactured housing, creating a traveling exhibit titled “Wheel People” in 1998-99. In cooperation with the RV/MH Hall of Fame and Museum and many state associations, she traveled an entire …
New Historical Exhibit Donated to RV/MH Hall of Fame and Museum Read More
Zolmax.com reports Equity LifeStyle Properties, Inc. (NYSE:ELS) will announce its financial results for the third quarter of 2013 Tuesday, Oct. 22 during a conference call at 11 AM. Analysts anticipate ELS will post earnings of $0.38 per share and revenue of $173.38 million for Q3. With a market cap of …
Following up on a story MHProNews posted Oct. 15 concerning The Carlyle Group’s acquisition of two Florida manufactured housing communities (MHCs), arabianbusiness.com reports Abu Dhabi’s Mubadala Development Group owns 7.5 percent of Carlyle. Based in Washington, this is Carlyle’s first foray into MHCs, and is paying $30.5 million for the …
U. S. Land Lease Communities attracting Foreign Investors Read More
Just as a property tax increase goes before voters to relocate manufactured housing communities away from Fairchild Air Force Base in Spokane County, Washington, the base commander issued a statement that the communities are in an “accident potential zone” that is incompatible with Air Force operations. The 188 homes are …
The owners of Hall Wines in Napa Valley, California purchased the 18 homesite Vineland Vista Mobile Home Park in 2008 with plans to redevelop the space, finally closing it in 2012 after legal wrangling with tenants, according to napavalleyregister.com. Providing the Napa Valley Planning Department approves a use-permit modification and …
Vintners Replace Manufactured with Modular Housing Read More
The Buena Vista Mobile Home Park in Palo Alto, California, currently home to 104 factory-built homes, and recognized in the city’s comprehensive plan as one of the largest sources of low-income housing, may be sold for over $30 million if owners Toufic and Eva Jisser’s plan is approved by the …
California Land Lease Community on Track to Convert Read More
Drew Industries, Inc. (DW) will release its Q3 2013 financials on Fri., Nov. 1 before the market opens, followed by a conference call at 11 AM the same day to discuss the results. A question and answer session of the call will be limited to institutional investors and analysts. As …
DJ Pendleton, executive director of the Texas Manufactured Housing Association, says on Oct. 1 the Consumer Financial Protection Bureau (CFPB) clarified the rules defining what is considered a mortgage loan originator and what is not. A retail employee can only provide general information about buying a manufactured home. A more …
Will the CFPB Please Stand for Affordable Housing? Read More
Canada’s Killam Properties Inc (TSX:KMP) reports its board of directors has declared a monthly dividend of $0.04833 per common share to be paid on Nov. 15, 2013 to shareholders of record Oct. 31, 2013. Killam’s Dividend re-investment plan (DRIP) allows shareholders the opportunity to re-invest their dividends in additional common …
The residents of King George Mobile and RV Park in Surrey, British Columbia, Canada are weary of the community deterioration and lawlessness that the owner allegedly ignores, and have begun a petition to have the Manufactured Home Park Tenancy Act altered so a percentage of rent monies go towards upkeep …
When hearing of the need of older military veterans for housing, former Green Beret and successful home builder Richard Simonian took up the challenge and now has 7,000 homesites in 40 manufactured housing communities across the western U. S. that openly caters to veterans. As lakecountrysun.com reports, John Stryker Meyer, …
Builder Provides Manufactured Housing for Fellow Vets Read More
Updating a story MHProNews posted Oct. , concerning Universal Forest Products, Inc.’s (UFPI) release of Q3 financials, the company’s earnings exceeded analysts expectations by.17 cents per share to .71, and gross sales grew by 22 percent over the same quarter last year, according to Zacks.com. UFPI manufactures and distributes a …
Sam Zell, chairman of land lease community owner Equity LifeStyle Properties, Inc. (ELS) will be the featured speaker at the Manufactured Housing Institute’s National Communities Council Fall Leadership Forum being held Oct. 16-18 at W Hotel City Center in Chicago. Titled “Building a Vision for the Future,” topics covered include …
Sam Zell, ELS Chairman, featured at National Community Council’s Fall Leadership Forum Read More
Universal Forest Products, Inc. (NASDAQ:UFPI) will release its Q3 2013 financials Thursday, Oct. 17, at 8:30 AM EST. Headquartered in Grand Rapids, Michigan, as MHProNews knows the company supplies the manufactured housing industry with solid wood and wood-like products as well as plastic and other materials. Analysts expect UFPI to …
The Iowa Manufactured Housing Association (IMHA) reports retailers’ orders for manufactured homes (MH) are up this year over last by 28 percent to 203 homes, third in growth behind Wisconsin and Indiana in the north central region. Sixty-six percent of them were single section. Iowa ranks 35th in the nation …
