Private equity firm Carlyle Group LP has entered the manufactured housing community (MHC) business in acquiring two communities in Florida from Shamrock Holdings LLC of Arizona for $30.8 million. While this is the company’s first foray into the MH industry, analysts say investors are betting this aspect of the housing …
Single-family home real estate investment trusts (REITs) are a new player in the real estate market, with the outcome yet to be realized. One of them, Silver Bay Realty Trust says there are 41 million rental units in the U. S., equal to 30 percent of the housing market. Roughly …
Yield on Investment in Single-family Homes Unknown Read More
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) announces its release of third quarter 2013 earnings before the market opens on Thursday, Oct. 24, 2013, according to 4-traders.com. President and CEO Todd Cleveland and CFO Andy Nemeth will host a conference call that morning at 10:00 AM EST to discuss the results. …
Some 50 AT&T volunteers helped senior citizens who live in the Friendly Village Mobile Home Park in Redmond, Washington with home maintenance. As redmond-reporter.com tells MHProNews, as part of the United Way Day of Caring, employees of the communications giant cleaned windows, did yard work, and spruced up the outdoor …
Volunteers Help Seniors at Manufactured Home Community Read More
A couple in Preston, Minnesota who live across the street from the Brownsville Mobile Home Park have asked that green belt screening be erected in front of the community to shield their view. A 1971 ordinance requires manufactured home communities to have a green belt around the periphery if it …
Neighbors want Manufactured Housing Community Shielded from View Read More
Updating a story MHProNews last reported Oct. 9, regarding the “stop work” order issued to the IBTS that may stop the shipments of manufactured homes due to the government shutdown, Vice President, Regulatory Affairs for the Manufactured Housing Institute (MHI) Lois Starkey reports the U. S. Department of Housing and …
Owner/operator of manufactured housing communities in Canada, Parkbridge Lifestyle Communities, Inc. is using air miles to lure customers to its newest retirement community in Spruce Grove, Alberta, Canada. Heritage Creek homebuyers can earn 10,000 reward miles on any new home purchase of $220,000 or more as long as the deal …
A former sports field is the site of a planned $1.29 million, 100-home manufactured housing community in the Mayfield area of Newcastle, just north of Sydney, Australia on the southeast coast. Neighbors have expressed concerns over crime, congestion, flooding and the loss of a recreation area, according to theherald.com.au. Named …
MHProNews has learned from fortmillstimes.com a Berkshire Hathaway subsidiary has acquired Kova Solutions, LLC, a provider of business management software targeted to integrating and controlling residential construction and manufactured housing from beginning to end, from sales to scheduling to warranty. Chesterfield, Missouri-based MiTek, a Berkshire Hathaway company since 2001, with …
Acquisition Feeds into Manufactured Housing Production Read More
City officials in Waseca, Minnesota in the south central part of the state have proposed a new way to pay for maintenance and repairs of city sewers and retention ponds—by adding a separate monthly fee to utility bills. The measure would more evenly distribute the burden among all property owners, …
Manufactured Homeowners to Pay less than Site-Built Read More
Founded in 1971 as a manufactured home retailer, Oak Creek Homes of Texas began building manufactured homes in 1993 and recently celebrated the production of its 50,000th home, as MHProNews has learned. With manufacturing facilities in Fort Worth and Lancaster, Texas and Lynn, Alabama the 705 employees build homes ranging …
The drivers of the two sections of a manufactured home temporarily blocked northbound Highway 29 in California after taking the wrong route and realizing their loads would not clear the Old Sonoma Road overpass. They were supposed to take Highway 221 on their way to Napa Valley Mobile Home Park …
Manufactured Home Drivers Stop Short of Certain Damage Read More
Green Courte Partners, LLC of Lake Forest, Illinois announces the appointment of Susan A. Rowe to head the firm’s sustainability initiatives dealing specifically with manufactured housing communities and parking facilities. According to digitaljournal.com, Ms. Rowe will represent Green Courte at the Real Estate Roundtable’s Sustainability Policy Advisory Committee and at …
As follow-up to a story we posted yesterday, Oct. 8, that the government shutdown may affect the shipment of manufactured homes because the IBTS has been issued a stop work decree, Lois Starkey of the Manufactured Housing Institute (MHI) wants to be notified when manufacturers are running short on certification …
Bellingham, Washington voters approved a tax levy in 2012 to provide affordable housing for indigent people. Of the three million a year the Bellinghma Home Fund will take in over the next seven years, in additon to providing rental assistance and preservation of existing buildings, $250,000 will be spent to …
Grand Rapids, Michigan-based Univesal Forest Products Inc. (NYSE:UFPI) is acquiring certain assets of SE Panel and Lumber Supply of South Daytona, Florida for an undisclosed dollar amount. According to businessweek.com, the acquisition, which adds products to its lineup and expands its reach, is expected to close next month. As MHProNews …
The Wisconsin Housing Alliance has learned a “stop work” directive has been issued from the Obama Administration to the Institute for Building Technology and Safety (IBTS) that may choke off shipment of new HUD Code manufactured homes (MH). IBTS is a non-profit that provides contractor support for monitoring services of …
The Brownwood (Texas) City Council agenda will include a public hearing on first reading to rezone the properties along Golding Road from C2 General Business District to MH Manufactured Home district, as brownwoodtx.com informs MHProNews. (Image credit: denvergov.org)
Factory-built and man-made portable homes have been in Montana for hundreds of years, from early settlers who followed the mining and timber industries from site to site, to modern day residents who want a house on their own piece of land, according to Zoe Anne Stoltz with the Montana Historical …
The fifth annual Clayton Homes Turkey Trot for Education, a 5K run/walk or one mile fun walk will be held Nov. 24 starting at Clayton’s corporate headquarters in Maryville, Tennessee to benefit the Blount County Education Foundation (BCEF). Areas of need are prioritized in the schools, according to thedailytimes.com, and …
