vcstar reports from Ventura County, California, the owner of a land lease community in Fillmore filed a lawsuit in U.S. District Court alleging the city is preventing her from converting the 55 and older community to for-sale condominium lots open to all buyers and ages. Nancy Watkins, owner of El …
Following up on a story we ran in the Daily Business News Oct. 14 regarding the repeal of rent control in a Capitola, CA MHC, Robert S. Coldren, of Hart, King and Coldren of Santa Ana, CA tells MHProNews.com the city’s decision is a victory for good government and property …
tradershuddle reports from White Plains, NY that Drew Industries, Inc., will release its third quarter financials before the market opens Nov. 2, and then host a webcast for institutional investors and analysts later that day at 11 AM with a Q & A call-in. Other investors, traders and the media …
The Birmingham News reports Section 30 of Alabama’s new immigration law requires residents of land lease communities prove they are legally in the U.S. in order to obtain a property tax decal for the factory-built home they own. Their other options are to move out of state, sell their home, …
Alabama MHCs (Mostly) Prepared for New Immigration Law Read More
Capitola-SoquelPatch reports the Capitola (CA) City Council voted 3-2 to repeal its rent control ordinance on MHCs, after twice postponing the vote several months ago. Over a dozen community members and residents protested with signs. Residents of Surf and Sand Mobile Home Park reached their own settlement and agreed not …
RepublicanHerald reports from Pine Grove, Pennsylvania, that modular home manufacturer Manorwood Homes, Inc., is shutting its doors permanently following the devastating floods in early September from Tropical Storm Irene. A modular home builder for 16 years here in east central PA, 100 people lost their jobs. Manorwood manager Wayne Morris …
Massive Flooding Seals Fate of Modular Manufacturer Read More
MarketWatch reports Champion Commercial Structures, a division of Champion Homes, is teaming up with USModular to engage in multifamily construction projects. The pairing will bring Champion’s modular production process together with USModular’s general contacting experience. Dan McMurtrie, corporate development vice president with Champion, says, “”Our partnership with US Modular allows …
Two Factory-built Producers Pursuing Multifamily Market Read More
MHProNews has received a brief from Danny Ghorbani, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR), which says the Department of Housing and Urban Development (HUD) is expanding its in-plant regulation presence, and disrupting the relationship between Primary Inspection Agencies (PIAs), housing manufacturers, and HUD. As …
The Boston Globe reports the Associated Press says, following the same action in the state senate last month, the New Hampshire House of Representatives passed a bill that prevents local communities from regulating sprinklers. Gov. John Lynch had vetoed the bill, but the House overrode his veto 266-61. The legislation …
MHProNews has learned that several dozen Federal Emergency Management Agency (FEMA )manufactured homes have arrived in Texas for people whose homes were destroyed or severely damaged in the wildfires that ravaged Texas in late summer. These temporary homes will be placed as close as possible to the houses the survivors …
IBerkshires reports from Williamstown, Massachusetts, the Board of Selectmen voted to give an MHC a deduction for their water and sewage bill due to the damage from Tropical Storm Irene. All 273 people were displaced from the 225 homes, and the owner of the Spruces Mobile Home Park, Morgan Management, …
The Sarasota Herald-Tribune reports Saralake Estates LLC was sold to NHCFL138 LLC of Scottsdale, Arizona, for $10.55 million. The purchase of the 200 homesite MHC was financed by General Electric Capital Corporation with a loan of $7.35 million. The new owner, a company controlled by National RV Communities LLC, has …
Financial News Service ranks Universal Forest Products, Inc., (NASDAQ:UFPI) number one in sales per share (SPS) at $92.83 in the Building Products Industry. Universal supplies lumber products to the manufactured and modular housing industry, as well as to lumberyards and other builders. The stock outperformed both the Dow and the …
Building Products Industry: Universal Holds Top Spot in SPS Read More
Futures and Commodity Market News reports that SmarTrend, that inveterate follower of 5,000 stocks daily, says Cavco Industries (NASDAQ:CVCO) has the lowest Forward Earnings Yield (FEY) in the homebuilding industry. Based on projected earnings for the year, Cavco is at 0.11% FEY, followed by Meritage (NYSE:MTH) at 0.14%, and Toll …
MHProNews has learned from Lois Starkey, Vice President of Regulatory Affairs at the Manufactured Housing Institute (MHI), that the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) will offer a series of free webinars aimed at providing information on the Guidelines for Home Energy Professionals …
MHProNews has obtained the official list of award winners from the 2011 Manufactured Housing Institute (MHI) annual meeting held earlier this week in Phoenix AZ. MHI’s Chairman Award: Tim Williams, President, 21st Mortgage Corporation State Association Executive of the Year: Deanna Fields, Executive Director, Manufactured Housing Association of Oklahoma Jim …
The Department of Housing and Urban Development (HUD) announces a meeting of the Manufactured Housing Consensus Committee (MHCC) will be held Oct. 18-20, 2011, at the Sheridan Suites Alexandria in Alexandria, Virginia, beginning at 9 AM on the 18th. Citizens wishing to address the committee are encouraged to contact the …
BerksmontNews reports the MH retail business Leo Houck began along Old Route 22 west of Hamburg, Pennsylvania, is now located in Shoemakersville, just north of Reading, and is celebrating its fiftieth birthday. His daughter, Athian Wilson, took over the business after he passed away in 1973, and now operates it …
SustainableBusinessOregon reports Ideabox is developing a five-home neighborhood community based on the small homesite idea of manufactured housing communities. Founder and CEO Jim Russell says, “The goal was to take tiny lots and see what we can do with them. We’re trying to create a small, livable community. We wanted …
The Manufactured Housing Association for Regulatory Reform (MHARR) reports that manufactured housing production for August 2011 increased six percent over August 2010, the first monthly increase in 12 months. Statistics from the department of Housing and Urban Development (HUD) show that HUD Code manufacturers produced 5,187 homes in August. Cumulative …
MHARR Notes Increased MH Production, Continues Call for Parity Read More
