SacBee reports Eugene W. Landy, Chairman of the Board of MHC owner UMH Properties, Inc. says none of their four communities in the path the storm took suffered adverse impact, although some staff members did sustain personal damage. He says, “UMH is working with Federal and State agencies to provide …
PortlandTribune reports from Portland, Oregon a plan by the city to annex west Hayden Island and build three marine terminals on the Columbia River has run into opposition from residents of a nearby manufactured home community as well as environmentalists and island residents. Lame-duck Portland Mayor Sam Adams had the …
MHC Residents Oppose Nearby Industrial Development Read More
According to usgovinfo, a recent report from the Government Accountability Office (GAO) says the air quality in manufactured housing may be compromised by carbon monoxide entering the homes. GAO says the problem stems from fresh air intake and exhaust vents constructed too close together, which could allow CO2 and other …
RTTNews reports UMH Properties, Inc. (UMH) declared its funds from operations attributable to common shareholders (FFO) for the third quarter 2012 was $2.10 million, $0.13 per share, as compared to $1.68 million, or $0.11 per share for the same quarter 2011. Total income for the third quarter rose from $9.67 …
4-Traders reports long-time insurance rating firm A.M. Best has conferred upon Standard Casualty Company a financial strength rating of A- (excellent), reflecting the company’s sufficient risk-adjusted capitalization, positive operating results, and excellent market smarts. A subsidiary of manufactured home producer Cavco Industries, Inc. (CVCO), Standard has historically adhered to strict …
CEO Philip Fraser of Killam Properties, who called Ottawa, Canada, the nation’s capital, “one of the strongest cities for long-term investment in Ontario,” says his company is on the prowl for more acquisitions there, reports the OttawaBusinessJaournl. Based in Halifax, Nova Scotia, Killam purchased a 25 percent share in a …
The BarrowCountyNews from Winder, Georgia reports two MHCs finally have their water back on after the owner, Affordable Housing Communities (AHC), paid thousands in back utility bills. Residents of Russell Village and Winder Village Mobile Home Parks had running water off and on Thursday and Friday of last week, but …
RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product …
Lippert Rebrands Division and Consolidates Manufacturing Read More
Further evidence that Warren Buffett’s Berkshire Hathaway is poised for the worst housing slump in 70 years to end, he has been buying real estate brokerages around the nation and is partnering with a Canadian real estate brokerage to double the scope of his business. Partnering with Brookfield Asset Management, …
The Washington Post reports that the federal government is moving manufactured homes into the New York and New Jersey areas hit hardest by Hurricane Sandy, according to the Federal Emergency Management Agency (FEMA). Forty prefabricated homes are en route to a staging area in New Jersey from Maryland, and FEMA …
MHProNews has learned the 127-acre RV community Rainbow RV Resort in Frostproof, Fla. has been sold to Sun Communities, Inc. of Southfield, Mich. Brokered by Marcus & Millichap, Rainbow is located in central Fla. east of Tampa, and offers a large heated swimming pool, a 15,000 square foot modern clubhouse …
iStockAnalyst informs MHProNews Killam Properties, Inc. of Halifax, Nova Scotia, Canada reports their financial results for the third quarter 2012 saw funds from operations (FFO) fall from $0.216 per share in Q3 2011 to $0.213 as the net proceeds from the sale of 12 MHCs in May were not yet …
In its rundown of Berkshire Hathaway’s third quarter 2012 financial report, ValueWalk reports earnings for Clayton Homes, which comprises the finance and financial products sector, rose 19 percent year-over-year, based on a one percent increase in revenues to one billion dollars. Although units sold increased five percent, the lower average …
The housing shortage in New York City for this winter is so acute public officials are considering FEMA (Federal Emergency Management Agency) trailers and manufactured housing in areas outside the city where there is room to site them. Other options include area hospitals with empty beds, even state-run mental hospitals. …
Jay Hesse of Blue Ox has donated $5,000 to the RV/MH Hall of Fame Museum in Elkhart, Ind., and has set up a “peer challenge” program to encourage other RV/MH industry donations to pay off the bank note by April 30, 2013. Anyone donating $1,000 or more would challenge three …
The CalgaryHerald tells MHProNews the provincial government of Alberta, Canada has taken the first step towards making warranty coverage for new homes in the province mandatory, a move that could add up to $2,000 to the price. The New Home Buyer Protection Act would cover manufactured and modular homes, single-family …
In their “Thumbs Up Thumbs Down” column the poconorecord reports from Monroe County, Pennsylvania Liberty Homes received a thumbs up for its assistance in building 18 homes locally for the Monroe County Habitat for Humanity chapter. Located in nearby Pocono Lake, Penna., just south of Scranton, Liberty received the honor …
Sherman Price and his brother, the late Leon Price, Sr., were honored for outstanding service and dedication to the state’s factory built housing industry, and inducted into the Arkansas Manufactured Housing Association (AMHA)’s “Hall of Fame.”Sherman Price was surprised by the recognition, the association’s highest honor, given at the AMHA …
In the wake of Hurricane Sandy, the Manufactured Housing Institute (MHI) reminds community owners and managers of the importance of having a preparedness plan in place for residents in case of an impending hurricane or sudden tornado. If a community has multiple exits, who should use which exit, and what …
After 13 months of consecutive growth, the manufactured housing industry produced fewer homes in Sept. 2012 than the previous Sept., according to the Manufactured Housing Association for Regulatory Reform (MHARR). Data compiled for the Dept. of Housing and Urban Development (HUD) indicates HUD Code homes produced this past Sept. numbered …
