Reuters informs MHProNews.com that real estate investment trust (REIT) Sun Communities, Inc. (NYSE:SUI) of Southfield, Michigan will release its fourth quarter 2011 earnings statement on Thursday, Feb. 23, 2012 before the market opens. At 11 AM that same morning a conference call will be held to discuss the earnings statement. …
Easton, MA is poised to join six other southeastern MA communities by instituting rent controls in MHCs. By-laws that regulate rents, evictions, and minimum standards of operation are under the auspices of a town-appointed board. Boston tells MHProNews.com a 1994 referendum in MA eliminated most forms of rent control, but …
Common Denominator for Six Massachusetts Towns May Soon Include Seventh Read More
As follow-up to an article we wrote Jan. 16, 2012 about a revived proposal shelved ten years ago to develop an MH community in Ormond Beach, Florida, the Volusia County Council approved plans for the community Jan. 19. OrlandoSentinel tells MHProNews.com the area, near the “Loop”, is a scenic route …
TimesReporter tells MHProNews.com Tuscawaras County (Ohio) Treasurer Jeff Mamarella says all manufactured home tax bills for the first half of 2012 have been mailed and are due March 1, 2012. It is the responsibility of owners of manufactured homes to pay taxes and penalties even if they do not receive …
A report from Homeland Security Department (HSD) office of inspector general (OIG) says a 2006 congressionally mandated program to quickly develop housing for victims of Hurricane Katrina was doomed from the start. FierceHomelandSecurity tells MHProNews.com the $400 million Alternative Housing Pilot Program was to design an alternative to typical Federal …
Following up on a story we published Dec. 2, 2011 concerning state felony theft charges against Jo Leigh Ares for allegedly receiving deposits on manufactured homes that were not delivered, MHProNews has learned her Park Girl Sales LLC has filed for bankruptcy. The petition, filed in the U.S. Bankruptcy Court …
Park Girl, Facing Fraud Allegations, Files Bankruptcy Read More
MhproNews has learned from the Register-News in Mt. Vernon, Illinois, the Mt Vernon City Council is set to approve a ban on mobile homes outside MHCs. Pre-existing manufactured homes outside designated areas would be grandfathered in, as long as they are not moved, according to city manager Ron Neibert. Zoning …
Southern IL City Likely to Limit MH to Communities Read More
From Hoover’s Bizmology comes an article about the North Dakota Oil boom and a related spike in manufactured hosuing shipments. Writer James Bryant says in the article that the oil boom in the Bakken shale formation in North Dakota has manufactured home companies scrambling to meet demand. The recent declines …
MHProNews has learned from WBIRTV in Knoxville, Tennessee of a collaborative effort between the Tennessee Valley Authority (TVA)and Clayton Homes of Maryville, TN. Clayton’s total i-House production in the TVA region will have upgraded windows, thicker insulation, heat pumps, power saving lighting, and Energy Star appliances. TVA will offer a …
In his address to a packed room at the Louisville Manufactured Housing Show Jan. 12, Jason Boehlert, Vice President for Government Affairs at MHI, said manufactured housing is a good fit considering the current economic conditions, because “it’s nice to have the home of your dreams, but it’s better to …
MHProNews has learned from the Orlando Sentinel that a developer who was denied the right to site 1,500 manufactured homes in Volusia County on Florida’s east coast on a 1,033 acre tract in 2002 is trying again. Plantation Oaks of Ormond Beach LLC would border a very scenic route of …
At the Louisville Manufactured Housing Show, Jason Boehlert, Vice President of Government Affairs for MHI, responding to a question from MHProNews.com about the possibility of altering the provisions of Dodd-Frank that negatively impact the MH industry, said, “Where a lot of these measures fail in reforming Dodd-Frank is when they …
The Motley Fools’ Robert Eberhard tells MHProNews.com an investment in Berkshire Hathaway (NYSE:BRK-B) stock benefits from being a company, or stock, hand-picked by Warren Buffett. Eberhard compares it to investing in a no-loan mutual fund. The stock is less expensive than it has been recently, and Berkshire’s board has authorized …
RVBusiness tells MHProNews.com Sun Communities, Inc. is offering four million shares of its common stock at $35.50 per share, a sale that is set to yield $142 million. As part of the underwritten registered public offering, Sun has granted the underwriters a 30-day option to purchase 600,000 additional shares. The …
A welcome voice comes from Bob Matlock and the Daytona Beach News Journal. An editorial by Matlock with the same title appears in the January 11 edition of the paper. Matlock tells the story of his own adult gated manufactured housing community, Plantation Oaks of Flagler. Matlock gives an overview …
From BuffaloNews.com, MHProNews.com learns that the residents of the community of Marilla Country Village have purchased the community with help from the state. Reports indicate Marilla Country Village Inc. bought the 154-unit property from KDM Development Corp. of Rochester for $4.5 million. ROC USA LLC, a non-profit that specializes in …
From Victoria News, MHProNews.com has learned that the Greater Victoria housing market improved at the end of 2011. The report says annual sales for single-family homes, town homes and manufactured homes increased in December. Carol Crabb, president of the Victoria Real Estate Board was quoted in the article saying the …
ChiefExecutive tells MHProNews.com 69 percent of chief executives in their CEO Confidence Index expect an increase in revenues in 2012, and 42 percent anticipate more capital expenses, although Berkshire Hathaway chairman Warren Buffett is ahead of the pack. The owner of Clayton Homes through Berkshire, with $40 billion in cash …
ReutersAfrica reports that U.S. business magnate Sam Zell, chairman of Equity Lifestyle Properties, the real estate investment trust (REIT) that owns over 134,000 manufactured housing homesites in North America, is in talks to buy a controlling interest in Brazil’s Grupo Tha. At 115 years of age, Grupo Tha is the …
MHProNews.com learned the stock of MHC owner Sun Communities Inc. has been upgraded by equity analysts at BMO Capital Markets from “market perform” rating to an “outperform” rating. LocalizedUSA reports as of Dec. 31, 2009, the real estate investment trust (REIT)’s portfolio was comprised of 136 properties, 124 of which …
