wickedlocal reports from South Plymouth, Massachusetts in the southeastern part of the state near Cape Cod Bay, residents at Long Pond Village are disgruntled because they have been unable to use the clubhouse for six months, where they used to have bingo, lectures, and other events. “Other events” evidently includes …
AnchorageDailyNews tells MHProNews although many of Warren Buffett’s Berkshire Hathaway subsidiaries did well in Q2 2012, including its housing-related businesses, its overall second quarter profit dropped nine percent. Berkshire earned net income of $3.1 billion, $1.25 a Class B share, a drop from last year’s second quarter income of $3.4 …
A companion measure to the bipartisan H.R. 3849, the Preserving Access to Manufactured Housing Act, introduced in the House of Representatives Feb. 2012 by Reps. Stephen Fincher (R-TN), Joe Donnelly (D-IN), and Gary Miller (R-CA), all members of the House Financial Services Committee, has been introduced in the Senate by …
PRNewsWire reports Freehold, New Jersey-based UMH Properties, Inc. announced it closed on the acquisition of eleven manufactured home communities comprised of 968 home sites situated on 200 acres for $28,250,000. With a 92% occupancy rate, ten of the communities are in Pennsylvania, and one is in New York. The publicly-owned …
Halifax, Nova Scotia-based Killam Properties, Inc. announces it will release its second quarter 2012 financial results Wed. Aug. 8, 2012 after the market closes. The following day, Thurs. Aug 9, Killam will conduct a conference call at 12:00 noon eastern time to discuss the results. MHProNews has learned Killam is …
MarketWatch reports Southfield, Michigan-based Sun Communities, Inc. announces it has purchased Northville Crossing manufactured housing community just west of Northville, MI including personal property, inventory and chattel loans for $32.3 million cash. The 756 site MHC is a multi-section community established within the last 15 years. As MHProNews has learned, …
FYR-TV in Bismarck, North Dakota says the combination of the Souris River flooding in Minot, ND last year and the ongoing oil boom in western ND is creating a huge demand for manufactured and modular housing from Minot to Williston and the surrounding area, especially since contractors are so busy. …
MarketWatch says Phoenix-based Cavco Industries, Inc. (CVCO: +3.63% Aug. 2) reported net sales for the first quarter of fiscal year (FY) 2013 totaled $118,781,000, representing a 20% increase over the $98,981,000 net sales for the first quarter of FY 2012. First quarter 2013 net income was $1,618,000 as compared to …
KTBS reports from Jefferson, Texas in the northeast corner of the state across the line from Shreveport, Louisiana an ordinance banning manufactured housing from the historic area of the city is being opposed by some residents. MHProNews has learned over 300 Jefferson citizens have signed a petition to present to …
equities says Drew Industries, Inc (NYSE:DW) reports record net sales for the second quarter of 2012 of $251 million, a 35% increase over Q2 2011, a record for any quarter, primarily due to a 39% increase in the RV division, while acknowledging the manufactured housing sales segment also increased due …
mortgageorb reports a new study by the American Council for an Energy-Efficient Economy (ACEEE) estimates energy-efficient manufactured homes could save consumers $4.6 billion over the next 20 years, which would also improve residents’ economic stability. “Mobilizing Energy Efficiency in the Manufactured Housing Sector” states average household incomes in manufactured homes …
Study: Energy Efficient MH would Improve Economic Stability Read More
Following up on a story we have been covering for over a year, and last reported on July 25, 2012, voicesnews says the Conservation Commission, Inland Wetlands Agency (CCIWA) in Oxford, Connecticut, has acknowledged receipt of Garden Homes Management’s newest application for a 124-unit manufactured housing complex despite not having …
The CumberlandTimesNews in Cumberland, Maryland says Allegany County Commissioners will consider a proposed change in the county’s sprinkler law that will delay the stricter regulations until the state adoption of the International Residential Code (IRC) takes effect in 2015. Currently, all multi-family dwellings are required to have sprinklers, but the …
Commissioners Give Sprinklers a Wet Blanket Welcome Read More
Yahoo!Finance says Cavco Industries, Inc. will release its earnings report for the first quarter of fiscal year (FY) 2013 on Thurs., Aug. 2, 2012 after the close of the market. Senior management will conduct a live webcast the following day, Fri. Aug 3, 2012 at 12:00 noon eastern time to …
The tctimes in Fenton, Michigan reports the problems allegedly emanating from the Lake Ponemah Mobile Home Park have become a bone of contention between some of the residents, the Fenton Township Board of Trustees, Genesee County Undersheriff Chris Swanson, the MHC owners, and state governing board Michigan Manufactured Housing Commission …
KTVN tells MHProNews UMH Properties, Inc. of Freehold, New Jersey has acquired the age-restricted Meadowood manufactured home community in New Middleton, Ohio. The 123 site community, located on 20 acres, was purchased for $3,400,000, and increases UMH’s holdings to 42 MHCs comprising 9,100 developed home sites in New Jersey, New …
MHProNews has learned from the Manufactured Housing Institute, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which is charged with coordinating anti-money laundering rules covering over 100,000 financial institutions and businesses that may be utilized to support criminal enterprises, has instituted a new Anti-Money Laundering Program (AML) for …
Anti-money Laundering: MHI’s Templates can Benefit non-bank Lenders Read More
Yahoo!Finance says Elkhart, Indiana-based Skyline Corporation reports for fiscal year (FY) 2012 net sales increased 13% from $162,327,000 FY 2011 to $182,846,000. Manufactured and modular housing sales comprised $109,157,000 of the 2012 total, an 11% increase over the $97,922,000 net sales for 2011. FY 2012 net loss was $19,365,000 as …
TheDailyCourier reports Beverly Granillo, who has been selling manufactured homes in Prescott Valley, Arizona since 1986, says used manufactured homes are selling well in the area because they are 30-50 percent less than new homes. She closed her dealership in 2009 because of the economy but now sells new and …
Deanna Fields, Executive Director of the Manufactured Housing Association of Oklahoma (MHAO), tells MHProNews the Great Southwest Home Show will once again be held at the QuikTrip Center Expo Square in Tulsa, Feb. 28-March 3, 2013. The educational seminars will be held Wed. Feb. 27 before the show. Thurs. and …
Manufactured Housing Show Returns to Tulsa in 2013 Read More
