MarketWatch informs MHProNews that Treasury yields are drifting lower as summer trading cools. The dollar weakens as domestic productivity falls for 3rd month. Oil prices are said to be heading towards $30 a barrel. Gasoline prices may fall below $2 a gallon nationwide before year-end. Gold closes higher to end …
UMH leads gainers, Skyline slips as MHCV trails the broader markets Read More
MHProNews was privy to the August 5th conference call conducted by UMH Properties, Inc. Participants included corporate management, members from UMH’s Board, as well as analysts, advisors and investors familiar with the community and retail segments of the MH Industry. Nelli Madden, Director of Investor Relations hosted the call, as key …
The First State Manufactured Housing Association (FSMHA) in Delaware has chosen three finalists to receive the $3,000 in scholarship funds they donate each year to students who live in manufactured homes, according to what delawareonline tells MHProNews. Eric Nielsen, a 2016 graduate of Milford Senior High School, will major in …
Three Delaware Residents of Manufactured Homes Receive Scholarships Read More
MarketWatch informs MHProNews that the Fed’s job-market index has the first gain of year in July. Consumer spending and income expectations rise. Wal-Mart announces $3.3 billion acquisition of Jet.com. Dow tripped downward, as did the S&P 500 and the NASDAQ. The Dow Jones Industrial Average receded -0.08 percent with a loss of -14.24 …
Skyline 4Q Leaps Skyward, MH Composite Index rallies despite Dow’s slide Read More
Connecticut Property Management LLC has applied with the Belfast, Maine Planning Board to expand the Penobscot Mobile Home Park in Belfast by adding 34 home sites to the existing 21, according to waldo.villagesoup. The city ordinance requires new lots to be a minimum of 6,500 sq ft with at least …
Noting that housing is the number one issue for civic leaders and house seekers in communities around the mouth of the Columbia River, dailyastorian informs MHProNews as the real estate market is regaining strength, consideration should be given to establishing new manufactured home communities (MHC) as a means of providing …
Media in North Coastal Oregon Advocates Manufactured Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Loans – Financing – Mortgages for Manufactured, Modular and Mobile Homes What’s New in Manufactured Housing Industry Professional News Sale of Minn. MHC challenged by Attorney General. Section 8 vouchers can now but MH. Hall of Fame inducts Class of 2016. NC MH …
Sunday Morning Recap-Manufactured Housing Industry News Aug 1-Aug. 7, 2016 Read More
Updating a story MHProNews last posted July 5, 2016 regarding attempts by residents of the Lowry Grove manufactured home community (MHC) in north Minneapolis to forestall the sale of their community because the owner did not offer them first right of refusal before selling it to a developer, the Minnesota …
Minn. Attorney General Files Brief to Halt Sale of Community to Developer Read More
In a gala ceremony before 300 friends, family and colleagues, the Class of 2016 was inducted into the RV/MH Hall of Fame (Hall) Aug. 1, at the Hall in Elkhart, Indiana. Prior to the induction ceremonies, Hall President Darryl Searer said after four years, with support from individuals and companies, …
Following up on the recent Senate passage of a bill that passed in the House in February – The Housing Opportunity through Modernization Act (HOTMA), posted on MHLivingNews and picked up hundreds of mainstream media outlets and advocacy sites – President Obama signed that bill it into law, as expected. The bill willl allow …
Bill to Use Section 8 Vouchers to Buy Manufactured Home Signed by President Obama Read More
The Hendersonville (North Carolina) City Council approved a special use permit and four variances to redevelop the Whiteside’s Green Acre Mobile Home Park into the Claystone Manufactured Home Park, an age-restricted 55 and older community with 31 home sites, front porches and carports. Whiteside currently has 31 sites but only …
Redevelopment of MH Community in North Carolina Approved Read More
MHProNews has learned from rebusinessonline that Farmington Hills, Mich-based RHP Properties has acquired two manufactured home communities (MHC) in East Hartford, Conn. Both the 263-home site Rivermead Manufactured Home Community and the 199-home site Colonial Manufactured Home Community are all age communities but with a focus on seniors. RHP now …
Elkhart, Indiana-based Drew Industries, Inc. reported consolidated net sales for the second quarter of 2016 increased to $441 million, 22 percent higher than the same period in 2015. “Our operating profit in the second quarter of 2016 improved to more than $59 million, compared to nearly $34 million in the …
Drew Reports Net Sales 22% Above Last Year’s Comparable Quarter Read More
A modular apartment building with 11 single bedroom apartments for Ute Mountain Indian tribal members will result from an $871,000 grant to Colorado’s Department of Local Affairs (DOLA) Division of Housing, as cortezjournal informs MHProNews. The apartment units in Towaoc will specifically target homeless, those at risk of becoming homeless …
Modular, Manufactured Homes Coming to Ute Mountain Indians Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) informs MHProNews that HUD Code production of manufactured homes in June 2016 rose 20.4 percent over June of 2015, 6,062 last year compared to 7,299 for June 2016. According to official statistics released by the Dept. of Housing and Urban Development (HUD), …
Henderson County Commissioners in Texas have agreed to consider a request for a tax abatement from Clayton home building group, as themonitor informs MHProNews, and will hold public hearings on the matter. Clayton home building group has purchased a property formerly owned by Champion Homes, and plans to hire 250 …
Real estate investment trust (REIT) and manufactured home community (MHC) owner Sun Communities, Inc. released its quarterly financials, reporting $0.85 earnings per share (EPS), beating analysts’ consensus by $0.03, as thecerbatgem informs MHProNews. Although revenue was $140 million, well below the consensus estimate of $165.78 million, revenue was up 15 …
Sun Communities Beats Analysts EPS Estimate by $0.03 Read More
MHProNews has learned from baseballnewssource that Phoenix-based Cavco Industries, Inc. (NASDAQ:CVCO) will release its quarterly earnings report on Wed., Aug. 3, 2016 after the close of the market. Analysts anticipate earnings per share will come in at $0.60. At the last quarterly report on May 26, the company reported earnings …
Cavco Industries Set to Release Quarterly Financials Read More
Updating a story MHProNews posted July 28, 2016 regarding a lawsuit brought against a manufactured home community (MHC) owner in Pennsylvania for closing his community and neglecting to notify the residents of his responsibility to pay relocation costs, MHC owner Bill Chen is now suing a former resident for failure …
MH Community Owner Slapped with Lawsuit, Slaps back at Former Resident Read More
The stock of manufactured home community owner Equity LifeStyle Properties, Inc. (NYSE:ELS) has been on an upward tear recently, generating strong attention from investors and analysts as it marks a return on investment (ROI) of 8.40 percent, reaching $82.88 on a recent bid. (ROI is determined by dividing the return …
Equity LifeStyle Properties, Inc. Yields ROI of 8.40 percent Read More
