Craig’sDetroit notes southeast Mich. is home to two of the largest owners of manufactured home communities. RHP Properties of Farmington Hills is the largest privately-owned MHC in the nation, having just competed a deal to acquire 71 more communities, bulging its portfolio to $2.25 billion, as MHProNews posted April 16, …
PRWeb reports Oak Creek Homes announces the opening of its new home center, its 17th in Texas, in Midland, TX to sell manufactured and modular homes and commercial buildings. General Manager Craig Johnston says the shortage of affordable housing and the rise in apartment rentals spurred the company to open …
The sacbee tells MHProNews Drew Industries, Inc. reports record net sales for the first quarter ending March 31, 2013 of $253 million, producing net income of $8.4 million, $0.36 per diluted share. An after-tax charge of $0.7 million for executive succession and relocating the company’s headquarters from New York to …
The Press Enterprise informs MHProNews the San Jacinto (Calif.) City Council, knowing many of the senior residents of manufactured home communities are not likely to come to council meetings at night, have developed an outreach program to bring the council and staff to their centers. Community residents’ concerns include longer …
The Manufactured Housing Institute (MHI) has sent an urgent action alert to members of the manufactured housing industry to contact their Congressional representative and ask for their co-sponsorship and support of H.R. 1779, the Preserving Access to Manufactured Housing Act. The bi-partisan measure would amend provisions of the Dodd-Frank Wall …
Manufactured Housing Institute Issues Action Alert Read More
Rep. Stephen Fincher (R-Tenn.), Rep. Bennie Thompson (D-Miss.), and Rep. Gary Miller (R-Calif.) sponsored The Preserving Access to Manufactured Housing Act, HR 1779, which will amend the provisions in Dodd-Frank that curtail the availability of manufactured housing loans. In remarks in the Congressional Record of April 26, 2013, Rep. Fincher, …
Rep. Fincher’s Remarks Regarding HR 1779 in the Congressional Record Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) reports the U. S. Department of Housing and Urban Development (HUD) says production of manufactured housing dropped slightly March 2013 over March 2012 by 4.3 percent, from 4,671 homes last year to 4,467 this past March. As MHProNews reported May 8, 2012, …
Overall MH Production Advances, but March takes a dip Read More
The esteemed Warren Buffett, Oracle of Omaha, the eminence of income, who worked hard and smart and honestly to make his wealth, according to wallstreetcheatsheet, in an essay published online by Fortune magazine remarks on the incredible economic growth in this country since 1776, and the future importance of gender …
WFTV9 reports from east Orange County, Fla. 49 homes were evacuated from the Alafaya Palms manufactured home community after an unidentified powder substance was found in a shed belonging to a man who had recently died. A relative cleaning out the property discovered the containers and alerted authorities who then …
DelawareNewszap reports state Sen. Bruce Ennis has sponsored a rent justification bill, SB 33, for manufactured home communities that will mandate MHC owners seek approval from the Delaware Manufactured Home Relocation Authority if they try to raise rents beyond the Consumer Price Index (CPI) annual increase. The authority will allow …
Rent Justification Bill in Delaware Legislature again Read More
BusinessWire states Warren Buffett’s Berkshire Hathaway, Inc. has acquired the 20 percent of International Metalworking Companies (IMC) B.V. of Tefen, Israel that it does not already own for $2.05 billion. IMC manufactures and distributes a wide range of metalworking tools for numerous applications through its facilities and subsidiaries in 61 …
Berkshire Hathaway Acquires Balance of International Metalworking Companies Read More
The “Father” of the used manufacturing housing business and author of the book “Deals on Wheels,” Lonnie A. Scruggs passed away April 15 in Chesapeake, VA at age 83. Mobile Home University says he was the first best-selling author of a book about how to make money from buying, selling, …
MHProNews has been informed by a special report the RV/MH Hall of Fame Museum’s “Burn the Bank Note” fundraiser succeeded in raising the final $20,000 with only hours to spare to meet the April 30 deadline, thereby satisfying the Ingram family’s $50,000 challenge grant. Darryl Searer, president of the Hall …
Following up on a story we posted April 16 regarding the acquisition by RHP Properties of 71 manufactured housing communities for $865 million, and a post April 30 about a subsequent acquisition of Countryside Village MHC in Jacksonville, Fla., for $31 million, MHProNews has learned from a correction in bizjournals …
A program in Arkansas through Entergy, which supplies energy to over 687,000 people in 62 counties, is offering a free program to help reduce energy costs in manufactured homes. David Lewis of Entergy says they will install aerators on faucets that reduces the flow of water, shower heads that use …
Free Energy Savings for Ark. Manufactured Housing Residents Read More
In a video on the nationalrealestatepost, hosts Frank Garay and Brian Stevens, in noting the importance of manufactured housing to 22 million Americans, stress the need for Congress to enact HR 1779, the Preserving Access to Manufactured Housing Act. One commentator says manufactured housing is superior to conventional housing because …
BizJournals reports RHP Properties of Farmington Hills, Mich. has acquired Countryside Village manufactured housing community in Jacksonville, Fla. for $31.3 million from Denver-based ARC Managements Services LLC. The acquisition includes vacant land along Beach Boulevard. According to Duval County records, the property contains 114 structures on 106 acres. Two independent …
According to thetandd, the Regional Medical Center board of trustees voted to purchase a manufactured home for the helicopter crew of LifeNet South Carolina, in Orangeburg. The board approved $138,000 for the 1,600 square foot home that will house a pilot and one or two paramedics. The helicopters receive about …
According to what the americanbanker tells MHProNews from Washington, a bipartisan group of lawmakers is attempting to amend a provision that will adjust the thresholds of high-cost loans under the Home Ownership and Equity Protection Act for manufactured home loans, while maintaining consumer protections. Under the current provision scheduled to …
Amendment to High Cost Lending Provision has Bi-partisan Support Read More
As it looks for ways to drop its risk, marconews reports Citizens Property Insurance Co., the state-run insurer that covers 130,000 factory-built homes in Florida, most of which are over 20 years old, is depreciating older homes, offering cash value in case of a loss instead of replacement cost. In …
Manufactured Housing in Florida is Losing Insurance Coverage Read More
