Updating a story MHProNews has been following out of the Lowry Grove manufactured home community (MH) in St. Anthony, MN outside Minneapolis, where residents were trying to stop the sale of their community, and are now trying to reverse the sale in court, the nearly 100 families have been given …
Lawsuit Attempts to Block Sale of Manufactured Home Community Read More
The manufactured home community (MHC) that has been the setting for TLC’s Myrtle Manor TV reality show in Myrtle Beach, South Carolina is in fact Patrick’s Mobile Home Park, according to myrtlebeachonline. Owner Cecil Patrick currently sells souvenirs relating to the show but has to apply for a “special event” …
In insider trading, Todd Cleveland, CEO of Patrick Industries, Inc. (NASDAQ:PATK), a component supplier to the manufactured home and recreational vehicle industries, sold 20,000 shares of Patrick common stock at an average price of $59.50 per share for a net transaction of $1,190,715. Currently, Mr. Cleveland owns 405,481 shares of …
Insiders Making News at Patrick Ind. and Sun Communities Read More
Despite the slowdown in the oilfield economy around Odessa, Texas, the population is still growing, especially in the area around West Odessa in Ector County. Local officials estimate based on the number of applications for installing septic systems, which are typically for single-family residences. The 2010 census determined there were …
Manufactured Home Growth Still Alive in West Texas Read More
The Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable September 15, 2016, to shareholders of record as of Aug. 15, 2016. This equates to an annual dividend rate of $0.72 per share, as satprnews …
UMH Properties Announces Quarterly Stock Dividends Read More
What’s New in public focused Manufactured HomeLivingNews.com St. Petersburg, FL – Misjudging Mobile Homes – Tale of Two Cities What’s New in Manufactured Housing Industry Professional News House committee requesting documentation from CFPB. Modular apartments replacing old apartment buildings. Zeman plans MH build in Florida. Maine city gets community development …
Sunday Morning Recap-Manufactured Housing Industry News June 26-July 3, 2016 Read More
Following an hour-long Kelowna, British Columbia, City Council meeting regarding a request by a local fruit grower to build more permanent housing for foreign fruit pickers, as cbc.ca trells MHProNews., who the grower says stay nearly eight-months, has resulted in the council sending a letter for clarification to B. C. …
British Columbia City may Allow Manufactured Homes for Foreign Agri Workers Read More
As investors await the Aug. 4, 2016 earnings report from manufactured housing community (MHC) owner UMH Properties, Inc. (NYSE:UMH), the stock has hit a new 52-week high at $11.25, with a target of $26.10, a 132% increase. If that is reached, that will add $405.09M to the $306.89M valuation of …
UMH Properties hits 52-Week High, Projections Skyward Read More
Chicago-based Zeman Homes, which bills itself as one of the largest privately-owned owners of manufactured home communities (MHC) in the nation, has purchased a 43-acre site near Naples, Florida zoned for a 273 home MHC site. The company recently acquired the 55+ community Caribbean Park, according to what MHProNews has …
Following up on a story abut the closing of Odd’s Mobile Home Park in Minot, North Dakota and the subsequent moving of the 31 homes, as MHProNews posted June 3, 2016, minotdailynews reports that problems arose in the moving and re-siting of some of the homes. The city, which bought …
Manufactured Homes Damaged in Moving to other Sites Read More
The city of Catlettsburg, Kentucky has adopted an ordinance that restricts factory-built homes to manufactured home communities (MHCs) within the city limits, according to what marketplace.dailyindependent tells MHProNews. However, any such home sited outside of an MHC as of March 15, 2011 is grandfathered in, and if it becomes damaged …
MHProNews has learned from robesonian that Tony Prevatte, owner of Prevatte Home Sales in Lumberton, NC has been elected president of the North Carolina Manufactured and Modular Homebuilder’s Association’s board of directors. A 45-year veteran of the modular housing industry, Prevatte will guide the 18-member board of directors as it …
Kittitas County officials and community leaders toured manufactured home communities operated by the King County (Seattle, Washington) Housing Authority, intending to help resolve the fate of the Shady Acres Mobile Home Park in Kittitas County that has been acquired by the county for parking of RVs at the Kittitas Event …
Creating a Dialogue on Manufactured Housing as Affordable Housing in Seattle Read More
Two public hearings will be held by Eddy County in far southeast New Mexico for public comment on the new Manufactured Home Placement Permit Ordinance, the first one Wed., June 29, at 5:30 in the Eddy County North Road Dept. The ordinance establishes permits and regulations, particularly dealing with joining …
NM County Sets Hearings on Manufactured Home Siting Read More
Avon Park’s (Fla.) Planning and Zoning board is expected to issue final approval of a proposed 509 home site, age-restricted manufactured home community (MHC) in central Florida on 134 acres of former citrus land, as highlandstoday tells MHProNews. The proposed site is just east of Avon Park’s Crystal Lake Club, …
MHProNews has learned from The Wall Street Journal that Singapore’s sovereign wealth fund, GIC, is in talks to acquire Denver-based YES! Communities from private-equity firm Stockbridge Capital Group for over $2 billion. Spurred by investors who are seeking to find sources of higher yield in a world of low interest …
Singapore Investors Turn Sights on Yes! Communities for $2B+ Read More
With Dodd-Frank, financing and CFPB related issues routinely on the minds of manufactured housing industry professionals, The Daily Business News has learned from American Banking News the following report on the Manufactured Housing Institute (MHI), which is made available below. “The Manufactured Housing Institute has been leading the campaign to bring more …
American Banking News – Key MHI Staff “Excoriated” for Failing Their Mission, Members Read More
Mary McBrady, executive director of the Massachusetts Manufactured Housing Association (MMHA), noting the shortage of mid-priced housing in Mass., and a plethora of schools and researchers interested in housing policy within the state, says, “We, as an industry, need to be part of that conversation and dialogue.” As in many …
MHLivingNews says Massachusetts is Smacked with Shortage of Mid-range Homes Read More
Following a story MHProNews posted June 18, 2016 regarding a manufactured home that was sited in Stuttgart, Arkansas in a neighborhood not zoned for MH, city officials were initially told the home was a modular, which would be allowed. Now that the home has been sited, the mayor and two …
Federal Preemption should Allow the Manufactured Home to be Sited Read More
In the wake of the sale of Lowry Grove manufactured home community (MHC) in the Minneapolis suburbs despite vigorous protests from the residents, and an attempted purchase by a nonprofit, as MHProNews reported June 17, 2016, the Metropolitan Council report says the easiest way to preserve affordable housing is to …
Twin Cities Trying to Preserve MH Communities as Affordable Housing Read More
