Three possible manufactured home (MH) siting requests were on the agenda for the City Council of Jourdanton (Texas) Board of Adjustment’s public hearing meeting May 16, as related to MHProNews by pleasantonexpress. The first was for a variance to the zoning ordinance to install a manufactured home at 1906 “A” …
UMH Properties, Inc. (NYSE:UMH) announces it will host three-time champion World Series pitcher Dwight “Doc” Gooden on June 18, 2016 at the manufactured home community owner’s Kinnebrook Estates in Monticello, New York. Gooden will sign fans’ sports memorabilia or a free photo of the storied pitcher that attendees will receive …
UMH Community Hosting Baseball Legend “Doc” Gooden ; UMH Chair to Present at NAREIT Read More
MHProNews has learned from rebusinessonline that John Chase of Tremont Realty Capital has arranged a $6.6 million refinance loan for Oakland Ridge MHC (manufactured home community) in Riverhead, New York, on Long Island. The non-recourse loan for the 100 home site community was structured with a ten-year term and a …
Tremont Realty Secures $6.6M refi for New York MHC Read More
Fans of 1970s TV shows may recall that James Garner played a private eye named Jim Rockford in The Rockford Files, and he lived in a pre-HUD Code home sited on a deserted parking lot in Paradise Cove with a view of the Malibu coastline. The deserted parking lot with …
Drew Industries, Inc. (NYSE:DW) stock hit a new 52-week high Fri., May 27, $77.31, 44 cents shy of a ten dollar bill increase over the 50-day moving average of $67.63, and finally closing at $77.19. Brokerage analysts at Citigroup on May 20 issued a “buy” rating for the stock and …
Drew Hits New Stock High; Equity LifeStyle Properties Declares Dividend Read More
Joe Kelly of the Iowa Manufactured Housing Association (IMHA) tells MHProNews that one of the last bills of the session that Gov. Terry Branstad signed, HF 2459, which makes last minute adjustments to state government funding, included revised language to prevent cities from filing liens against manufactured home communities where …
Iowa Manufactured Housing Association helps Guide Legislation Read More
Steve Sinovic, writing in abqjournal, says sales of manufactured home sales are up, a popular and affordable housing choice for New Mexicans, some eighteen percent of whom live in manufactured housing. However, financing costs are being driven up by the Consumer Financial Protection Bureau (CFPB) implementation of the Dodd-Frank law. Additionally, …
Dodd-Frank Act Remains a Stumbling Block to Manufactured Home Lending Read More
Mark Duran, executive director of the New Mexico Manufactured Housing Association, stated the resurgence in appeal of the manufactured home (MH) stems from the desire of home ownership, built-in amenities and lower cost, and today’s buyers range from the starter home set to the well-being who have often cashed out …
What’s New in public focused Manufactured HomeLivingNews.com NeighborWorks, Clayton Homes Partner with Next Step Homes in Waco, Texas How a Professional Couple saved $100,000 on a New Home in Tennessee What’s New in Manufactured Housing Industry Professional News MH Communities closing in Minnesota, New York. Cavco stock closes above $100. …
Sunday Morning Recap-Manufactured Housing Industry News May 22-May 29, 2016 Read More
The Pitt County (North Carolina) Planning Department has received a $100,000 from the North Carolina Housing Finance Agency’s Urgent Repairs program to assist families who own manufactured homes (MH) that need repair but do not own the land. Most MH repair grants require the homeowner to own the land as …
North Carolina Grant will help MH Residents Repair Homes Read More
The one-time site of a manufactured home community in Caversham, United Kingdom will soon see 28 modular homes for homeless families, as MHProNews has learned from getreading.co.uk. The goal of the Reading Borough Council is to address the chronic lack of temporary housing in the borough and reduce the use …
Former MH Community Property will Host Modular Homes for Homeless Read More
Shady Oaks Mobile Home Park in St. Cloud, Minnesota will close in August, 2016, and Le Sauk Township will enlist the assistance of Wilson Development Services to help with relocation efforts for the residents, according to sctimes. The state requires communities that are closing to give residents a nine-month notice, …
Minnesota MH Community Closing, Consultant Helping with Relocation Read More
According to streetinsider, Drew Industries, Inc. (NYSE:DW) has declared a quarterly dividend of $0.30 per share, or $1.20 annually. To stockholders of record on June 6, 2016 the dividend will be payable June 17, 2016. The ex-dividend is set for June 2, 2012. Annual yield on the dividend is 1.6 …
Netols Asset Management, after selling 4,064 shares of Sun Communities, Inc., reduced its stake in Sun Communities Inc., (NYSE:SUI) to 142,175 shares valued at $10.1 million, as themarketdigest informs MHProNews. Hedge fund Daiwa Securities Group added 447,536 shares of Sun to its portfolio and currently has a stake valued at …
Investors Alter Stakes in Sun Communities and Patrick Industries Read More
MHProNews posted a story May 25, 2016 regarding the Waples Mobile Home Park in Fairfax, VA being charged with violation of federal and state fair housing laws for evicting residents who do not have Social Security cards, which a legal aid group says is discriminatory because it disproportionately affects Latinos. …
Lawsuit Charges Eviction from MH Community is Discriminatory Read More
From naplesnews, MHProNews has learned Fort Myers, Fla.-based Murex Properties won the 2016 Community of the Year award, Western Region for its Dolce Vita manufactured home community (MHC) east of Phoenix. The annual honor was bestowed upon Murex at the Manufactured Housing Institute’s National Congress and Expo for Manufactured and …
Following a story MHProNews last posted May 5, 2016 regarding the planned closing of Lowry Grove manufactured home community (MHC) in suburban Minneapolis, theuptake reports the 96-home site community residents, mostly people of color, are attempting to raise $6 million to counter the offer of Continental Property Group (CPG)—but they …
MH Community Closing, Residents trying to Stave off Displacement Read More
MHProNews has learned from globenewswire that manufactured and modular home producer Cavco Industries, Inc. will release its financials for the fourth quarter of fiscal year 2016 on Thurs., May 26, 2016, after the close of the market. On Fri., May 27, 2016, at 1 PM eastern daylight time, senior management …
Cavco Industries Releasing Quarterly Numbers May 26 Read More
Four Latino families have alleged that Waples Mobile Home Community and its management company, A. J. Dwoskin & Associates in Fairfax, Virginia, violated the Fair Housing Act, the Virginia Fair Housing Law and the Manufactured Home Lot Rental Agreement. They claim the community owners refused to renew the leases of …
VA MH Community Charged with Violating the Fair Housing Law Read More
Good news for the spring buying season came in the form of new home sales trumpeting 16.6% in April, the best monthly rate since 2008, as sales rose to a seasonally-adjusted annual rate (SAAR) of 619,000 units, up from 531,000 in March. According to the Commerce Department, as reported to …
New Home Sales Surge in April, especially in the Northeast Read More
