Manufactured Homes

Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016

By / May 16, 2016 / Advocacy, Announcements, Awards, Business, Canada, Communities, Company News, Economy, Events, Factory-Built Homes, Finance, home buyers, Legal, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, regulation, RV, Trade Shows

What’s New in public focused Manufactured HomeLivingNews.com Illinois Professional Couple Discover their Getaway Home near Florida’s top Beaches What’s New in Manufactured Housing Industry Professional News Rent control judgment favors manufactured home community owner. CFPB may tighten screws excessively on short-term lenders. NAR calls for more starter homes to ease …

Sunday Morning Recap-Manufactured Housing Industry News May 8-May 15, 2016 Read More

Manufactured Housing Co-operative Member Honored for Outstanding Community Service

By / May 13, 2016 / Awards, Communities, Manufactured and Modular Housing News, Manufactured Homes, People

Rick Cantu, of Emerald Acres Cooperative, one of 119 resident-owned manufactured home communities in New Hampshire, was honored by ROC-NH’s (resident-owned communities-New Hampshire) Co-ops Celebrating Community for his outstanding volunteer work in his community, receiving the Above and Beyond award. He was nominated by his neighbors, one of whom wrote: …

Manufactured Housing Co-operative Member Honored for Outstanding Community Service Read More

NorthStar Selling Manufactured Home Community Portfolio for $2.04B

By / May 13, 2016 / Business, Communities, Company News, Finance, Manufactured and Modular Housing News, Manufactured Homes

Following a story MHProNews posted May 11, 2016 regarding manufactured home community (MHC) owner NorthStar Realty Finance Corp., costar reports NorthStar is selling its portfolio of 135 manufactured home communities to a fund managed by Brookfield Asset Management Inc. for $2.04 billion, 33,010 home sites, the equivalent of $61,800 per …

NorthStar Selling Manufactured Home Community Portfolio for $2.04B Read More

Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC

By / May 13, 2016 / Business, Communities, Company News, Legal, Manufactured and Modular Housing News, Manufactured Homes, regulation

A United States District Court jury awarded the owner of Colony Cove manufactured home community (MHC) $3.3 million in damages against the city of Carson, California for violating his constitutional rights by repeatedly rejecting his proposed rent increases going back to 2006. According to dailybreeze, owner James Goldstein, the largest …

Excessive Rent Control Results in $3.3M Judgment for Colony Cove MHC Read More

Clayton Homes Inaugurates Birmingham Home Show

By / May 11, 2016 / Announcements, Business, Company News, Events, Manufactured and Modular Housing News, Manufactured Homes, Trade Shows

Employing 2,142 team members from 10 supply operations and seven home building facilities in Alabama, as well as having built 5,734 homes in the state, manufactured home builder Clayton Homes will host its very first Birmingham Home Show May 17-19, 2016, at the Birmingham-Jefferson Convention Complex. Showcasing 27 homes, Keith …

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NorthStar Spinning off Manufactured Home Community Portfolio

By / May 13, 2016 / Business, Communities, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has learned that Colony Capital Inc., a Los Angeles-based international investment and asset management firm, is negotiating to acquire NorthStar Asset Management Group, Inc. which split off from NorthStar Realty nearly two years ago, resulting in the decline of both stocks. NorthStar Realty is a real estate investment trust …

NorthStar Spinning off Manufactured Home Community Portfolio Read More

UMH Properties to Add Rental Homes

By / May 10, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

In the wake of UMH Properties, Inc. solid first quarter, the company plans to add 700-800 rental homes in fiscal year 2016, saying, “Our strong Q1 results represent an excellent start to 2016 that we intend to build upon going forward,” according to thefly. As MHProNews reported May 9, 2016, …

UMH Properties to Add Rental Homes Read More

Manufactured Housing Issues Remain from Hurricane Sandy

By / May 10, 2016 / Announcements, Events, Manufactured and Modular Housing News, Manufactured Homes, People

Three-and-a-half years after Hurricane Sandy ripped up the east coast of the U. S. in Oct. 2012, leaving 7.9 million businesses and households without power, causing 147 deaths in the U. S., Canada and the Caribbean, families are still facing obstacles in resolving housing issues. An information session will be …

Manufactured Housing Issues Remain from Hurricane Sandy Read More

Hedge Funds Change Stake in Sun Communities

By / May 10, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV, Stocks

MHProNews has learned from fidaily that Anchor Capital Advisors LLC has decreased its stake in Sun Communities, Inc. (SUI) by 9.2 percent in the previous quarter, selling 104,377 shares valued at $3,967,000, leaving its current stock in Sun valued at $74,078,000. Advantus Capital Management increased its position in Sun by …

Hedge Funds Change Stake in Sun Communities Read More

New Housing Trust Fund has $174M to Acquire Affordable Housing

By / May 9, 2016 / Announcements, Legal, Manufactured and Modular Housing News, Manufactured Homes

The U. S. Department of Housing and Urban Development (HUD) reports to MHProNews for the first time ever it has allocated $174 million through the new Housing Trust Fund, an affordable housing production program to complement existing governmental efforts—local, state and national—intended to increase and preserve affordable housing for extremely …

New Housing Trust Fund has $174M to Acquire Affordable Housing Read More

UMH Properties Meets Analysts’ Earnings Per Share

By / May 9, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Stocks

Manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) reports for its quarterly earnings statement it met Thomson Reuters’ consensus earnings per share, as  MHProNews has learned. The company reported Core Funds from Operations of $4,620,000, $0.17 per diluted share for the quarter ending March 31, 2016, as …

UMH Properties Meets Analysts’ Earnings Per Share Read More

MRI’s Software Adapts well to non-profit Operator of MHCs

By / May 9, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

Caritas Corp., California-based non-profit affordable housing corporation, will adopt MRI Software’s multifamily solutions to keep track of 20 manufactured home communities (MHC) in its goal of maintaining quality, affordable housing for low income persons. With the dearth of reliable, long-term reasonably-priced housing, Caritas attempts to create vibrant communities where resident …

MRI’s Software Adapts well to non-profit Operator of MHCs Read More

Drew’s Net Income for Q1 Rises $16 Million over Last Year

By / May 9, 2016 / Business, Company News, Manufactured and Modular Housing News, Manufactured Homes, RV

Consolidated net sales for Drew Industries, Inc. (NYSE:W) for the first quarter ending March 31, 2016 rose 17 percent higher than the comparable period of 2015, to $423 million, yielding net income of $36 million, as prnewswire tells MHProNews. For the supplier of components to the manufactured home (MH) and …

Drew’s Net Income for Q1 Rises $16 Million over Last Year Read More

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016

By / May 8, 2016 / Advocacy, Announcements, Business, Canada, Communities, Company News, Economy, Factory-Built Homes, Finance, Green, home buyers, Legislation, Manufactured and Modular Housing News, Manufactured Homes, Modular, People, regulation, RV, Stocks, Trade Shows

What’s New in public focused Manufactured HomeLivingNews.com Possible American Dreams! Engineer Skip VanZant on Evolving U.S. Housing What’s New in Manufactured Housing Industry Professional News Innovative Building Systems said to be filing for bankruptcy, closing Maine’s Keiser. UMH wins community award. Clayton defies criticism, turns $706M profit. Alberta fire pushing …

Sunday Morning Recap-Manufactured Housing Industry News May 1-May 8, 2016 Read More

UMH Wins Manufactured Home Community of the Year Award

By / May 7, 2016 / Awards, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes

MHProNews has been notified by broadwayworld that UMH Properties, Inc. (NYSE:UMH) won the Manufactured Housing Institute’s (MHI) Land Lease Community of the Year award for the Northeast/Mid-Atlantic Region, presented at the 2016 MHI Congress and Expo in Las Vegas, May 4, 2016. Pine Manor is an active 55+ community in …

UMH Wins Manufactured Home Community of the Year Award Read More

NAHB:Builder Confidence in 55+ Market Slips, yet Still on Positive Ground

By / May 6, 2016 / Business, Economy, home buyers, Manufactured and Modular Housing News, Manufactured Homes, Trends

The National Association of Home Builders (NAHB) informs MHProNews that builder confidence in NAHB’s 55+ Housing Market Index dropped five points from the previous quarter, but remains at 56, where any reading above 50 indicates builders feel more positive than negative about the next six months. It also marks the …

NAHB:Builder Confidence in 55+ Market Slips, yet Still on Positive Ground Read More

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Manufactured Housing Institute (MHI) 2016 Congress and Expo Flash Report

By / May 7, 2016 / Communities, Events, Manufactured and Modular Housing News, Manufactured Homes, People, Trends

The Manufactured Housing Institute’s (MHI) 2016 Congress and Expo held at Caesar’s Palace Conference Center in Las Vegas Nevada is now in the rear view mirror. For a pictorial ‘flash report’ of some of the people and sights, please click here. ## (Image credit, MHProNews)

Passages: Marcia Sinclair Carabell

By / May 6, 2016 / Business, Communities, Company News, Manufactured and Modular Housing News, Manufactured Homes, Obituary, People

The Ohio Manufactured Homes Association (OMHA) reports Marcia Janie “Marnie” Sinclair Carabell, entrepreneur and one time owner of four manufactured home communities, passed away at her home in Hudson, Ohio, May 2, 2016. She was the owner of Oak Leaf Mobile Home Park in Cuyahoga Falls, Ohio, which she purchased …

Passages: Marcia Sinclair Carabell Read More

Clayton Underwrites Third Annual Asheville Home Show

By / May 7, 2016 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Clayton Homes will be hosting it’s Annual Asheville Home Show at the Western North Carolina Agricultural Center in Fletcher, NC Fri., May 6 thru Sun., May 8, 2016. Now in its third year, the event is free and open to the public, children are welcome according to mountainx. While there …

Clayton Underwrites Third Annual Asheville Home Show Read More

Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good

By / May 7, 2016 / Business, Company News, home buyers, Manufactured and Modular Housing News, Manufactured Homes

Despite all the criticism aimed at Berkshire Hathaway’s Clayton Homes over allegations of predatory and discriminatory lending through its two finance wings, marketing director Carl Hill said Clayton has had a very good spring and continued year-over-year growth, according to reuters. As MHProNews has reported monthly, manufactured home (MH) production …

Clayton Weathers Storm, Turns $706M Profit in 2015, 2016 Looking Good Read More

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