Updating a story we last posted Sept. 4, 2013 about the acquisition of two manufactured housing community (MHCs) properties by Ingenia Communities in Australia, MHProNews has learned the company has raised $61.5 million to fund the acquisition of eight additional MHCs. Although contracts have been exchanged on only the Drifters …
Australian Firm Focusing Exclusively on Manufactured Housing Communities Read More
With a background in law and engineering, Brian Hess has been chosen as the Chassis Division Product Manager at Lippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. (NYSE:DW). In this new role within the chassis division, Hess will work closely with customers and the research and development team …
Lippert Appoints Hess to New Role in Chassis Division Read More
Despite an ordinance banning manufactured homes older than eight years from being sited in Buffalo, Texas, a 1996 model was granted permission to be placed within the city limits, creating a thorny situation. Neighbors want the house removed because it was illegally sited, and others have been denied the opportunity …
John Swecker, Hall of Fame member of the Virginia Manufactured and Modular Housing Association (VAMMHA), has passed away. He was General Manager of Clayton Homes at the Henderson and Oxford plants. MHProNews extends its deepest sympathies to the family. (Image credit: Fotosearch)
The foreign press has picked up an advertorial, evidently from the Michigan Manufactured Housing Association in Okemos, MI, promoting manufactured housing communities (MHC). The Middle East North Africa Financial Network (MENAFN) emphasizes the ideal amenities, options, services, and other positive attributes of living in an MHC in MI, although with …
Elkhart, Indiana-based Patrick Industries (NASDAQ:PATK) announces the acquisition of Frontline, Mfg., Inc. and Premier Concepts, Inc., two related companies, both of nearby Warsaw, IN for $8 million. Frontline manufactures bath fixtures for the manufactured housing and recreational vehicle markets, and has projected revenues for this year of $15 million. Premier …
The Islamic Center of Clermont, Florida has been using a multisection manufactured home as a place of worship for five years, removing interior walls as the congregation has grown. Each Friday 150 people crowd into the structure, but with no more walls to remove, the leadership is seeking more space …
A petition to rezone a subdivision to allow manufactured homes to be sited in Lake Hamilton, Florida, just east of Lakeland was denied on second reading at the town council’s meeting Sept. 3, according to theledger.com. Lee Saunders wanted to put conventionally-built homes on five of the 3.5 acre lots, …
According to statistics gathered on behalf of the U. S. Department of Housing and Urban Development (HUD), manufactured housing production rose in July, 2013 to 4,793 HUD Code homes, an increase of 13.5 percent over the 4,221 homes produced in July, 2012. The Manufactured Housing Association for Regulatory Reform (MHARR) …
California Assembly measure SB 510 would allow a local government to disprove of the conversion of a manufactured housing community to another use if a majority of the community residents do not support it. The uncertainty of the rights of both resident and community owner has led to dozens of …
Local Government May Disapprove of Community Conversion Read More
Shirlye Kaufman Birnbrey and her husband George Kaufman opened Kaufman Supply, a distributor of supplies for manufactured housing, in Augusta, Georgia in 1962. They operated the business until his death in 1983, and she remained with the company along with three of their children until it was sold in 1998, …
Financial consulting firm D. A. Davidson, which provides advice on a wide range of financial products, has changed their comment on Universal Forest Products Inc. (UFPI) from neutral to buy, according to streetinsider.com. UFPI closed up +2.99% in trading, Thurs., Sept. 5, including after hours, to end at 38.12. The …
Ingenia Communities (ASX ticker:INA) of Sydney, Australia has acquired two manufactured home communities in Mudgee, New South Wales, Australia for $11.2 million. The Mudgee Valley Tourist Park had a price tag of $4 million, according to proactiveinvestors.com.au, while the Mudgee Tourist and Van Resort sold for $7.2 million. Ingenia specializes …
The nation-wide nonprofit Next Step has assisted over 100 families obtain new, energy-efficient manufactured homes, often replacing energy-sucking, deteriorating factory-built homes from pre HUD-Code days. The organization has partnered with industry giant Clayton Homes to open the door to home ownership of Energy Star qualified dwellings, projecting residents will save …
Lippert Components, Inc. and Kinro, Inc. announce the promotion of Andy Pocock to Vice President of Sales, Specialty and Manufactured Housing Markets for the Elkhart, Indiana-based subsidiaries of Drew Industries, Inc. (NYSE:DW). His eight-year plus stint with the sister companies included roles in suspension and running gear management, and for …
Andy Pocock Promoted to Vice President at Lippert and Kinro Read More
A developer’s plan to rezone 19 plus acres platted for 73 manufactured homes, to 19 apartment buildings with 154 units, is being nixed by Iowa City (Iowa) planning staffers. Although there is already a concentration of multifamily housing on that side of town, the primary reason for denying the proposal, …
Request to Re-zone from Manufactured Housing to Apartments Set to Be Denied Read More
According to the Curry County Assessor in Oregon, 25 to 30 percent of all the housing stock in the county is manufactured housing (MH), and roughly half of those were built before 1980. While the Housing and Urban Development—HUD Code–standards took effect in 1976, minimum regulations that initially covered MH …
Program to Help Residents Replace Aging Factory-built Homes Read More
Killam Industries, Inc. of Halifax, Nova Scotia, Canada announces it will pay stockholders of record as of Aug. 30, 2013 a dividend of $0.0483 per share on Monday, Sept 16, 2013. Two equities research analysts have conferred a rating of hold on the stock, five have assigned it a buy …
The Manufactured Housing Institute reminds industry members that the Preserving Access to Manufactured Housing Act (H.R. 1779) has 50 co-sponsors and needs more support. The measure would preserve access to those seeking financing to purchase manufactured housing. Congress is on recess until Sept. 9, and MHProNews understands many representatives are …
Updating a story MHProNews first published Sept. 5, 2012 regarding the closing of Hilltop Mobile Home Park in State College, Pennsylvania, and last covered May 23, 2013 when the owners settled with the attorney general over payment relocation expenses, the planning commission is considering new options for the property. The …
Debate Continues over Former Land Lease Community Property Read More
