The New Haven Independent in Connecticut asserts that Garden Homes Management Corporation has plans to develop two manufactured home communities in Oxford. The filing with the Planning and Zoning Commission for the first proposal, called Oxford Commons, would have 99 multi-section manufactured homes on 32 acres. The second project, Donovan …
Zacks Investment Research reports SmarTrend issued an uptrend for Sun Communities, Inc., (NYSE:SUI) June 20, 2011, and since then the stock has risen 3.3 percent. For the second quarter 2011, analysts expect a loss of .12 cents per share on sales of $53 million to be announced July 28, 2011. …
The Rome News Tribune reports from Floyd County in northwestern Georgia that the Floyd County Board of Commissioners will pass an ordinance extending the time manufactured housing may be used in times of declared disaster. Following a disaster in the county, the amendment will permit a person to live in …
County Approving Amendment to Allow MH Following Disaster Read More
Sources tell MHMSM.com that organizers for the Great Southwest Home Show (GSWHS) are considering two key moves. One is a change of dates, the other a possible change of venue. One possibility mentioned is to have the GSHW Show in February. “That would take the show out of competition …
The Minot Daily News says engineers from Verendrye Electric Cooperative are working on a plan for 200 home sites east of Minot, North Dakota, for evacuees of the Souris River flooding in late June. Several of the Federal Emergency Management Agency (FEMA) manufactured homes have already arrived at a staging …
The Manufactured Housing Institute (MHI) newsletter this week states Henry Czauski, the new Acting Deputy Administrator of the HUD Manufactured Housing Program, spent several hours visiting a manufactured housing plant and retail store in Pennsylvania. Accompanied by MHI staff as well as officials from the Environmental Protection Agency’s (EPA) Energy …
HUD’s Manufactured Housing Program Director Tours MH Plant Read More
Federal Criminal Defense Lawyers reports that Philip R. Lochmiller, Sr., has been convicted by a jury in Denver, Colorado’s Federal Court on charges of defrauding 400 people out of $30 million. Convicted of conspiracy, money laundering conspiracy, money laundering and mail fraud, Lochmiller engineered a Ponzi scheme using manufactured housing …
Jury Finds Philip Lochmiller, Sr., Guilty as Charged Read More
The Chicago SunTimes, Chicago Tribune, Journal Record and Des Monies Register have all reported in recent months on issues relating to resident complaints in manufactured home communities. A recent example is in Glenview, IL, where the Chicago Tribune reported on Sunset Village MHC, which is now in the hands of …
Manufactured Home Communities Dogged by Resident Complaints Read More
The San Francisco Chronicle reports that Mark Rothschild, an analyst at Canaccord Financial, Inc., has raised the rating on Canada’s Killam Properties (KMP:CA) (KMPPF:OTC US) from “hold” to “buy”. According to the 2011 Allen Report, Killam ranks as the 17th largest land lease community (LLC) operator in North America with …
Canadian LLC Operator Gets ‘Buy’ Sign from Analyst Read More
From industry sources reporting to MHMSM.com and Housing Wire, as the Consumer Financial Protection Bureau (CFPB) opened for business July 21 with a budget estimated at $550 million, the debate in and out of Congress continues to rage over the authority one person will have over all mortgages and other …
In a notice titled “Pressure Continues for Federal Sprinkler Standard”, the Manufactured Housing Association for Regulatory Reform (MHARR) reports the Manufactured Housing Consensus Committee’s telephone conference July 20 did not result in any voting. Discussion centered on the the federal sprinkler standard which is still before the Technical Structure and …
The Coshocton Tribune in east central Ohio reports that second half 2011 taxes are due for manufactured homes Friday July 29. Payment may be made at the Coshocton County Treasurer’s office or at the drive-up window. A drop-box is also available at the treasurer’s office for after hours. As long …
The Birmingham News reports the House Financial Services Subcommittee unanimously passed a bill requiring all new manufactured homes to be equipped with a weather alert radio. Rep. Spencer Bachus (R-AL), chairman of the subcommittee, reminded committee members that 100 people in his district died during the April 27 tornado, although …
PR Newswire reports that Drew Industries, Inc. (NYSE:DW), acquired certain assets of M-Tec Corporation (M-Tec) through its wholly-owned subsidiary, Lippert Components. A supplier of components to the manufactured housing and RV industry, Drew paid $6 million in cash, and may pay an added $0.6 million depending upon sales levels over …
Business Insider reports the U.S. is on track this year for the lowest number of total housing completions since the Census Bureau started keeping records of completions. In 2005, 1,878,200 single family and multifamily dwellings were added to the nation’s housing stock, including 146,800 manufactured houses. This figure included an …
Market Watch reports Equity Lifestyle Properties (NYSE:ELS) has released results for the second quarter 2011, and for the past six months. Funds from operations (FFO) for the first quarter equaled $27.3 million, or .73 cents per fully-diluted share, versus last year’s second quarter of FFO of $27.1 million, equaling .76 …
ELS Releases Financials for Q2 2011 and for Six Months Read More
The Sacramento Bee says Drew Industries, Inc., (NYSE:DW) will announce its second quarter 2011 results prior to the market’s opening on Monday, Aug 1, 2011. Drew is a manufacturer of doors, windows, chassis, bath units and upholstered furniture for the manufactured housing and RV industry will host a conference call …
Manufactured Home Component Maker to Release Q2 Financials Read More
SmallCapInvestor reports that Universal Forest Products (NASDAQ:UFPI) posted a 21 percent increase in its stock price today to top the list as the top performing small cap stock. Universal makes wood and wood alternative components for manufactured and modular housing. Despite a 69 percent drop in its profit for the …
The Curry County Reporter in Oregon reports the residents of what was a land lease community (LLC) in Gold Beach, Oregon, have successfully formed a non-profit co-op that has become Saunders Creek Homeowners Cooperative. When the owners put the 43 home site land up for sale, the residents received purchase …
The Union Leader reports Gov. John Lynch of New Hampshire for the second time has vetoed a measure that prevents local government from mandating sprinkler systems in planned one and two family homes as a prerequisite for a permit. The bill would also prevent enforcement of existing regulations that require …
