MarketWatch says commercial real estate firm Walker and Dunlop, Inc. provided $67,680,000 in Fannie Mae financing to Hometown America, LLC for five manufactured housing communities comprised of over 1,800 home sites located in Illinois, Massachusetts, Florida and New Jersey. The age-restricted communities cover over 500 acres. Walker and Dunlop specializes …
Realty Biz News reports the impact of the aging of the U.S. population is the number one issue facing the real estate market. MHProNews has learned an estimated 7,000-10,000 boomers reach 65 years of age daily. As people age they spend less on housing and more on health care, and …
Senior Housing to Hugely Impact Real Estate Market Read More
MHProNews has learned that of a new state regulation requiring approved carbon monoxide detectors to be installed in all new and existing manufactured homes and multi-family manufactured homes effective July 1, 2012, whether occupied or sitting in inventory on a dealer’s lot. According to the law firm of Hart, King …
In an apparent about-face from its statement a year ago that the manufactured housing industry is near death, IBISWorld now says, according to timesunion, while sales of MH are relatively weak compared to 1998, “improved income levels are expected to generate higher sales of manufactured homes in the five years …
JournalPioneer states Tim Banks, a member of the Board of Governors of Killam Properties of Halifax, Nova Scotia, Canada and CEO of design and construction firm APM of Prince Edward Island (PEI), Canada spent time at the Boys and Girls Club in Summerside, PEI. Killam and APM are each donating …
Contributions to the RV/MH Hall of Fame and Museum have reached 90 percent of the $100,000 Ingram Family Challenge Grant. When Darryl Searer, president of the Hall, asked for a couple of angels to step forward on July 3, he got his wish: Roy Beck, retired co-founder of The Beck …
IstockAnalyst tells MHProNews.com Universal Forest Products, Inc. (UFPI) is anticipated by Wall Street to announce a $0.71 per share earnings report for second quarter, 2012 before the market opens Fri. July 20 with a conference by management immediately following. But iStockAnalyst‘s Rich Bieglmeier expects the report will be $0.84 per …
RVDailyReport says Kinro, Inc., a subsidiary of Drew Industries, Inc. and supplier of components for the recreational vehicle (RV) industry, announces that it has acquired the thermoforming design and production operation of Agile Vehicle Modifications, which produces plastic components for the original equipment manufacturer (OEM) and the aftermarket industry. Acquisition …
In its Washington Update, the Manufactured Housing Association for Regulatory Reform (MHARR) is seeking federal support for public and private chattel lending to expand capital, liquidity, and number of lenders for the low to moderate income manufactured home buying market. Noting it is not likely for any major policy change …
MHARR to HUD: You’re Not Hitting the Nail on the Head Read More
Following up on a story we began covering Sept. 2011 that we last covered June 28, 2012, the Edgeway Mobile Home Park in Middleboro, Massachusetts, will be licensed for the first time since 2004, as SouthCoastToday tells MHProNews.com. The MHC was never completed according to the plan submitted to the …
MHC License Returns, but Residents Remain Skeptical Read More
Benzinga reports Warren Buffett has changed his tune from a year ago when he noted most everything in the economy was improving except residential housing, for which he now sees a demand in the rental market. He says although Europe is in worse shape now than six weeks ago he …
Following a story we last published Sept. 19,2001 concerning the five year battle over a proposed development of two MHCs in Oxford, Connecticut, Garden Homes Management has resubmitted plans for the property, this time proposing 126 manufactured homes, reports the oxford-ctpatch. Opposition has come from the neighborhood and the Oxford …
Speaking for the Manufactured Housing Institute (MHI) at a hearing on the impact of Dodd-Frank mortgage requirements before the House Financial Services subcommittee on Financial Institutions and Consumer Credit Wed. July 11, Tom Hodges, General Counsel for Clayton Homes, suggested Congress create a secondary market for manufactured home buyers so …
Benzinga reports Wed. July 11 BMO Capital Markets downgraded Sun Communities, Inc. to market perform from outperform and repeated its $45.00 target. Benzinga compliments Sun on its balance sheet metrics, dividend coverage, and net operating income (NOI), and notes its affordable housing option continues to thrive. Sun (NYSE: SUI) closed …
Following up on a story we posted yesterday, July 10, yourdailyjournal reports the Rockingham (North Carolina) City Council denied a request from Charles Seago to rezone land from business to residential so he could site four additional manufactured homes on the property on which he already has five MH. Although …
Harking back to a story we published June 8, 2012, the Milford, Connecticut Planning and Zoning Board approved plans for a 36-unit multifamily development after receiving a report from the Department of Energy and Environmental Protection (DEEP), as well as the city’s health department, that development of the site posed …
The Boston Globe reports prefabricated housing, once thought of as somewhat lowly, is going upscale. A $2 million modular home in Wellesley, Massachusetts boasts four bedrooms, granite marble kitchen, mahogany floors, six bathrooms, second-floor decks, and a spacious living room with fireplace in the 5,900 square foot home. Haven Custom …
At its meeting tonight, July 10, the Rockingham (North Carolina) City Council will consider a re-zoning request by Charles Seago to allow up to nine manufactured homes to be sited on land he owns. He currently has five homes on the property but wants to expand to nine homes, according …
SacramentoBee reports MHC owner UMH Properties, Inc. of Freehold, New Jersey, declared its quarterly dividend of $0.18 per share to shareholders as of Aug. 15, 2012, payable Sept. 17, 2012. The quarterly dividend for the preferred stock, owed and payable the same dates, is $0.515625 per share. MHProNews.com has learned …
Citiadr reports Killam Properties, Inc., (TSX: KMP) based in Halifax, Nova Scotia, Canada, will release its financial results for the second quarter ending June 30, 2012 on Wed. Aug. 8, 2012 after the market closes. The following day, Thur. Aug. 9, a conference call will be held at 10:00 AM …
