The Manufactured Housing Institute (MHI) will testify before the House Financial Services Subcommittee on Financial Institutions and Capital Markets July 11 concerning the impact of Dodd-Frank on residential mortgage reforms. Clayton Homes General Counsel Tom Hodges, representing MHI during the hearing, will address the measure’s unintended consequences that limit credit …
ShowWays informs MHProNews.com that the new North Wing of the Kentucky Exposition Center will be the site of the 2013 Louisville Manufactured Housing Show Jan. 23-25. Eight-four exhibitors displayed in 2012, and the new space will allow for more manufactured homes to be displayed. Last year brought out 1022 attendees, …
RVBusiness tells us that Ellen Kelleher, vice president-property management at Equity Lifestyle Properties (ELS) for almost 20 years, is retiring at the end of the year. Her duties will be assumed by others in the organization. Other personnel changes, and their new positions include: Peter Underhill, senior vice president-revenue management; …
Azstarnet reports four steel cargo containers turned into a two-story two-bedroom house is turning heads in Tuscon, Arizona, but also raising some voices. Modified in a factory to conform to state and local regulations, it falls under the jurisdiction of the Arizona Office of Manufactured Housing and meets the standards …
TBO reports Tropical Storm Debby swept through Suncoast Gateway Mobile Village in Port Richey, Florida, damaging the underside, insulation, under support, and air conditioning units of many of the homes. President Obama declared a major disaster area in five Fla. counties, making them eligible for federal funding including low-cost loans …
The DailyNewsOnline reports a $400,000 New York state grant to replace pre-1984 factory-built homes with new MH will be directed by Genesee Counties’ Housing Initiative Committee in collaboration with the non-profit Pathstone Corporation. The goal is to replace eight owner-occupied homes in Genesee and Orleans Counties with energy-efficient units. There …
RVBusiness reports the RV/MH Hall of Fame & Museum has garnered $62,740 since the initiative began May 1 in its fundraiser goal to meet the Ingram family’s $100,000 Challenge Grant. June donations totaled $6,800 including $2,750 in the Hall’s “Walk of Fame” Brick Program donations. Darryl Searer, president of the …
According to the Manufactured Housing Institute’s (MHI) monthly report, shipments of manufactured homes rose to 5,211 for May, an increase of 16.7 percent over May 2011, as well as an increase over the 4,630 manufactured homes shipped in April 2012. MHProNews.com has learned this marks the tenth consecutive month of …
DaytonaBizLaw reports the Fourth District Court of Appeals in Florida, in the case of Hanrahan vs. Hometown America, LLC, involving a property owner’s responsibility to protect a tenant from insects, ruled in favor of Hometown America. A resident was attacked by a swarm of red ants that evidently led to …
SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) …
The NorthKitsapHerald reports from Poulsbo, Washington incorrect serial numbers on a house, an MH paid for but not delivered, incomplete contracts, purchase and sale agreements withheld, and uncompleted work on a manufactured home are all charges being leveled at Kelly Rohr, owner of Golden Homes of Poulsbo, just outside Seattle. …
REIT (real estate investment trust) Sun Communities, Inc. reports from Southfield, Michigan its board of directors has declared a quarterly dividend of $0.63 per share for the second quarter of 2012, payable July 20, 2012 to share holders of record July 10, 2012. According to RTT News, Sun reported a …
MHProNews has learned that the HUD Multi-Family Staff pre-approves loan for refinancing and rehabilitation, in this case, of the first manufactured home land lease community. The new loan will provide $4.2m in funding from a private lender for a resident owned cooperative located on popular Bainbridge Island in Puget Sound. MHProNews.com …
Benzinga asks if investors should buy stock based on what Warren Buffett’s Berkshire Hathaway purchases. Alex Shek reports that on May 15, Berkshire reported General Motors and Viacom were added to its portfolio as of March 31. The obvious first question is, can it be worthwhile to buy what may …
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Considered the toughest in the nation, Alabama’s immigration law requires state regulatory boards to check the residency status of everyone who is licensed to do business in AL. NECN reports the Alabama Manufactured Housing Commission (AMHC) is one of several that has not been compliant in enforcing the law. Jim …
Following up on a story we published Sept. 23, 2011 concerning Edgeway Mobile Home Park in Middleboro, Massachusetts and the decade-long plus battle between the family owners and the Board of Selectmen over the construction of the community in 1995 that was never completed, the Superior Court judge who has …
From Canandaigua, New York writing in MPNnow, Don Semifero offers percentages of differences between a site-built and a manufactured home to make his case to the Victor, NY assessor that they should be assessed at different rates. He ticks off the percentages MH owners lose: 2-3 percent for not owning …
Following a Daily Business News post from June 18, 2012 about two MHCs in Carver, Massachusetts being snatched from the jaws of Equity Lifestyle Properties and becoming co-operatives, MHProNews has learned from boston, according to MA law, MHC residents have the first right of refusal if their community is being …
NJ reports from Pennsville, New Jersey township officials have unanimously voted to increase fess on manufactured homes in MHCs from $24 to $28 a month, collected by the MHC owner and then forwarded to the township. There are approximately 200 homes in the White Oaks and Southbridge communities in this …
MSNBC tells us Seth Jason at The Motley Fool says he judges company performance by comparing inventory increases to revenue increases: if inventory expands faster than sales, it could indicate a problem, one which he suggests may be happening at Cavco Industries. Trailing 12-month revenue rose 157.9% while inventory increased …
