MHProNews has learned from nasdaq that Zacks Investment Research has issued a strong buy on Universal Forest Products, Inc. (UFPI) stock–“Rank#1” in their rating system–due to its strong performance in Q1 2013. A component supplier to the manufactured housing industry, net income for UFPI grew 25.7 percent year-over-year and earnings …
According to what the benningtonbanner tells MHProNews, a complaint filed April 30 against John M. Bushee, Jr., owner of Sunset Farm Mobile Home Park of Bennington, Ver. may lead to foreclosure of the community. Sunset Farm has issues with providing clean water to its residents going back to Dec. 2007, …
The ABQJournal tells MHProNews that the Farmington, New Mexico metropolitan statistical area (MSA) has the highest percentage of manufactured housing as part if its inventory of any metro area in the U. S., at 32 percent. Two-thirds of the county’s 128,529 residents live outside the city in rural areas, including …
The Manufactured Housing Institute (MHI) informs MHProNews the U. S. Department of housing and Urban Development (HUD) is seeking a qualified organization to assist HUD in performing assessment inspections, monitoring, and evaluation of the performance of private and state agencies responsible for oversight of design and construction of manufactured housing, …
New Contractor Sought for Manufactured Housing Program Read More
Killam Properties, Inc. reports for the three months ended March 31, 2013 property revenue increased 1.7 percent from $32.7 million to $33.2 million over the same period of 2012, while net rental income fell 3.6 percent, from $18.8 million in Q1 2012 to $18.1 million for 2013. Funds from operations …
The Coshocton City Council is trying to set standards on what type of structures may be allowed in the city, according to the coshoctontribune in Ohio. Service Director Jerry Stenner wants to follow the code adopted by the Ohio Revised Code, but also wants to exclude pre-HUD Code homes and …
The enterprisecommunity reports in The Horizon that as seniors age in manufactured homes and more baby boomers retire, some of whom will likely live in manufactured homes, the need for accessibility wheelchair ramps will increase. Sam Beall, the Enterprise Rose Architectural Fellow, says if you are lucky to live long …
According to thepublicopinion from Watertown, South Dakota, a public hearing has been set for May 20, 2013 regarding Pelican Plaza LLC’s application for a conditional use permit for its existing manufactured home community. The public is invited to attend or send written comments to the Codington County zoning officer. As …
Bloomberg reports Sam Zell, chairman of Equity LifeStyle Properties, Inc. (ELS), says multifamily is the only sector of the real estate market that is a smart investment, and says his real estate holdings are down to 30 percent, a record low for him. Noting stocks are overvalued (the S&P is …
The riograndesun informs MHProNews the Rio Arriba County Commissioners in New Mexico have adopted a resolution that would require manufactured home owners to obtain a tax certificate before moving their homes. While public hearings would be held before the the measure becomes law, the resolution would assess a $10 tax …
As follow-up to a post MHProNews published April 8, 2013 about Lippert Components, Inc. requesting a tax break for expanding its operations at three plants in Goshen, Ind., according to the Goshen News approval came from the Goshen City Council May 7 for tax phase-ins. Component supplier to the manufactured …
From sys-con MHProNews has learned manufactured housing community owner UMH Properties, Inc. reports funds from operations (FFO) came within $222,000 of doubling from the first quarter 2012 to Q1 2013, from $2,738,000 to $5,254,000, from $0.18 a diluted share in Q1 of last year to $0.30 per diluted share Q1 …
Robeson County, North Carolina manufactured home dealer McMillan Properties has been banned from doing business by Attorney General Roy Cooper for selling substandard homes and homes that were never delivered. According to what carolinalive tells MHProNews, 52 consumers in the Robeson County area have filed complaints against Bradley and Sherry …
Company Banned from Dealing in Factory-built Homes Read More
NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a strong turnaround from the six cent loss per share for the same period in 2012. Net sales for Q1 …
Louisiana Pacific Industries Sales Rise 48.6% over Q1 2012 Read More
The lowellsun informs MHProNews Massachusetts Attorney General Martha Coakley is supporting legislation to establish a dispute resolution process between residents and owners of manufactured housing communities, streamline community rules approval, and require certificates verifying the water and sewer systems are in working order. Appearing before the Joint Committee on Housing …
MHProNews has learned from the columbiamissourian, the Columbia City Council of Columbia, MO has voted to annex 25.2 acres occupied by the High Hill Circle land lease community which will add to the city’s affordable housing stock. City zoning is essentially the same as in the county, and will not …
Following up on an article we published April 4, 2013 about residents of Wheel Estates Mobile Home Park in North Adams, Mass. becoming a resident-owned community (ROC), iberkshires reports the residents made their first official decision as owners St. May 4, voting to maintain the rules and policies set by …
Co-op Assumes Responsibility for Managing Community Read More
MarketWatch informs MHProNews private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden L. Rudoph to the post of Vice President, Asset Management. A senior associate since June 2011, Rudolph has been involved in acquisitions and asset management, and was involved in the company purchase …
MHProNews has learned from kelownacapnews in British Columbia, Canada, a letter aimed at elected officials from a couple who own a manufactured home is appealing a ruling based on a numbering system that prevents them from registering their homes in the Manufactured Home Registry. Their homes meet all the requirements …
The portlandtribune reports a huge tree that uprooted and fell down an embankment into the Sieben Creek behind the Shadowbrook Mobile Home Park Dec. 12, 2012 in Clackamas, Ore. has apparently ceased to cause problems. The residents’ major water line damaged by the tree was repaired Dec. 28, but the …
