Harking back to a story that began in 2006 when Garden Homes Management Corp. first proposed a 124 site MHC in Oxford, Conn. that has been stymied by numerous hearings, commissions, courts, and studies, the Stamford, Conn. developer is appealing a ruling by the Inland Wetlands Agency that the development …
With a dividend yield of 1.07%, NASDAQ says Universal Forest Products, Inc. (UFPI) has declared a cash dividend payment of $.20 per share scheduled for Dec. 15, 2012 to shareholders of record prior to Nov. 28, 2012. UFPI has paid the same dividend for the last seven quarters. The company’s …
The Santa Fe New Mexican says as the city is preparing to annex land that includes MHCs, Santa Fe City Councilor Carmichael Dominguez wants to ensure that new manufactured housing developments comply with the same standards as other new neighborhoods, which includes sidewalks, drainage, landscaping and parks. Further, acknowledging the …
MHCs Should have Amenities like other Neighborhoods Read More
As follow-up to a story we posted June 12, 2012 concerning 2,000 manufactured homes the Federal Emergency Management Agency (FEMA) brought in to Minot, North Dakota to house survivors of the Souris River flooding in 2011, the homes may now become a permanent addition to the housing stock. The minotdailynews …
Benzinga informs MHProNews Universal Forest Products, Inc. (NASDAQ:UFPI) ranks second in revenue in the general building materials industry with a trailing-twelve-month revenue of $2.01 billion. UFPI’s operating margin for the twelve months is 2.01 percent. UFPI is a large manufacturer and distributor of wood and wood alternative components to the …
James Oakley Lewer, 80, founder of Sunrise Housing in Iowa Falls, Iowa, passed away Nov. 22 in Des Moines, IA. He and his wife, La Donna, invested in Sunrise Mobile Home Park in 1969, and began selling manufactured and modular homes as Sunrise Housing. He was a longtime member of …
In a New York Times op-ed piece, billionaire investor Warren Buffett says its ridiculous to think higher capital gains taxes will prevent the super wealthy from investing their money. He notes in the 1950s when the capital gains rate rose from 25 to 27.5 percent no one complained of not …
Following up on a story we posted Nov. 22, 2012 about Sun Communities, Inc.’s acquisition of four MHCs from Rudgate in southeastern Michigan for $71.1 million, and its assumption of managerial responsibility for two additional communities, MHProNews has learned Rudgate shows ownership of six MHCs on its website. It could …
MarketWatch informs MHProNews White Plains, New York-based Drew Industries announced it has declared a special cash dividend of $2.00 per share common stock payable on Dec. 20, 2012 to shareholders of record as of Dec. 10, 2012. Drew’s president and CEO Fred Zinn says, “This special dividend reflects the board’s …
GooseCreekPatch reports from Berkeley County, South Carolina just north of Charleston, the Berkeley County Commission will hear a request to rezone property from Planned Development Mixed Use to R-2, Manufactured Residential District. The property is in Summerville, SC. As MHProNews knows, South Carolina has one of the highest percentages of …
According to myfoxpointnow, Milwaukee, Wis.-based MHC owner Asset Development Group’s value was assessed nearly seven times more in 2008 and 2009 than in the following two years due to failure to file a statement of personal property for the earlier years. While the firm has paid its taxes for 2010 …
A group of ten residents of Westview Village Mobile Home Park in Kelowna, British Columbia, Canada, frustrated that management was not enforcing maintenance rules on some of the properties, attempted to form a neighborhood association. Kelownacapnews informs MHProNews a group calling itself Westview Village Concerned Homeowners sent a letter to …
As we reported Oct. 9, 2012, Southfield, Mich.-based Sun Communities, Inc. (SUI) announced it was purchasing four manufactured home communities in eastern Mich., with 1,996 homesites for $70.8 million, and providing mezzanine financing for two other MHCs that it will manage, with 1,598 homesites, all being acquired from entities of …
After 40 years in print form, the NADA Manufactured Housing Cost Guide is finally going digital. MHProNews has been informed NADAguides Manufactured Housing CONNECT digital solution will allow community owners, dealers, and insurance and financial institutions to determine the value of inventory as well as portfolios. Accessible from any device …
GuruFocus reports Sam Zell of Equity Group Investments, presenting at Chicago’s Invest for Kids conference, says the Eurozone is heading for a recession because the currency is imploding. One of the world’s most successful real estate investors, he says the will to embrace austerity measures in the U.S. in order …
According to coloradoan, the closing of two manufactured homes slated for development in Fort Collins, Colo. that displaced nearly 50 low-income struggling families, and closed some of the most affordable housing in the area, will be discussed by the city as a means to plan for the future. The city …
According to SeekingAlpha, the Dow Jones Equity REIT (real estate investment trust) Index rose quicker than popular stock averages until the beginning of 2007, then fell from a high above 360 to a low under 100, and for the last two years has been over 200. REITs are considered yield …
The Nebraska Public Service Commission (NPSC), noting each transportable section of a manufactured home should display a Federal Manufactured Home label on the exterior, says if consumers have a question about the label and the home was built in Nebraska, contact the NPSC. If the home was built in another …
Following a story we last covered June 6, 2012, when a ballot measure (Proposition E) to eliminate rent control in MHCs was defeated in Oceanside, Calif., residents of the city’s 17 MHCs said they would exact their revenge against city council members who voted in favor of the proposal in …
Benzinga reports MH and RV component maker Drew Industries, Inc. (DW) is ranked number four on the NYSE in earnings per share (EPS) among all the recreational vehicle manufacturers. The company’s trailing-twelve month EPS is $1.61; the revenue for the same time period is $860.48 million. As MHProNews knows, Kinro, …
