Joseph Stegmayer, CEO and President of Cavco Industries, Inc. (NASDAQ:CVCO) sold 20,000 shares of company stock valued at $1,798,099. based on a stock price of $89.90 per share. He now has 5.58 percent of Cavco’s market capitalization, owning 502,428 shares of company stock, according to clintongazette. Other large investors include …
In Insider Trading…..Cavco, Drew and UMH Properties Read More
The Carlyle Group LP (NYSE:CG), investor in several manufactured home communities, was expected to earn $0.18 per share (EPS) for the first quarter of 2016, according to what analysts at Jefferies Group had predicted, down from their previous forecast of $0.35 per share earnings. Jefferies has a “Hold” rating on …
Following a story MHProNews last posted July 22, 2015 regarding the Huntsville (TX) City Council attempt to prohibit manufactured homes (MH) inside the city, the council will consider two ordinances relating to manufactured homes at their meeting Tue., April 19, 2016, according to itemonline. Previously, when the city council was …
Texas City would Restrict Manufactured Housing to under 20 Years Read More
What’s New in public focused Manufactured HomeLivingNews.com Quality Control Manager report-Highland Mobile Home Park, St Petersburg FL What’s New in Manufactured Housing Industry Professional News Montana town to proposed MHCs: one yes, one no. Building material made from hemp. Manufactured homes do not qualify as affordable homes—yet. Modular homes for …
Sunday Morning Recap-Manufactured Housing Industry News April 10–April 17, 2016 Read More
The 15 home site manufactured home community, Ward’s Park, in Portsmouth, New Hampshire is the most recent manufactured home community (MHC) in the state to become a resident-owned community, as nhpr.org tells MHProNews. New Hampshire is one of a handful of states with a right-to-purchase law that gives residents of …
Another New Hampshire Manufactured Home Community becomes Resident-owned Read More
MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) of Elkhart, Indiana will release it’s first quarter 2016 financials on Thurs., April 28, 2016 before the market opens. Officials of the company, including CEO Todd Cleveland, President Andy Nemeth and CFO Josh Boone will host a conference call that …
For Q3 of 2016, manufactured and modular home builder Skyline Corp. (NYSE:SKY) reports net sales from continuing operations rose 25 percent over same quarter 2015, $47,697,000 versus $38,109,000. The report also reveals a net loss from continuing operations of $514,000, much lower than the loss of $2,911,000 in Q3 2015. …
Following a story that MHProNews last reported March 31, 2016 regarding officials of Carver, Massachusetts attempting to have manufactured housing classified as affordable housing to comply with state requirements, Town Meeting voters support a petition to the state legislature asking for an exemption, but with some dissension. The state requires …
Town Hopes Manufactured Homes can Qualify as Affordable Housing Read More
MHProNews has been informed by therealdeal that Zachary Taylor RV Park in Okeechobee, Fla. was acquired by Coastal Income Properties for $3.3 million from a private seller. Capstone Manufactured Housing, based in Charlotte, North Carolina, brokered the transaction, led by Deucie Bies and Kevan Enger, the fourth manufactured home community …
Manufactured Home Community Sells for $3.3 Million Read More
The Athens (TX) City Council adopted a resolution in support of the Athens Economic Development Corp.’s $300,000 incentive package for jobs created by Clayton Homes bringing a manufacturing plant to the city, according to athensreview. The council agreed to a property tax rebate for Clayton over a five-year period, beginning …
Clayton to Open Texas Plant, as it Celebrates 60 Years in Business Read More
MHProNews has been informed by usatoday/Associated Press that an enormous hole suddenly opened adjacent to a manufactured home community in Tarpon Spring, Florida. Measuring 35 feet deep by 60 feet wide, authorities were trying to determine if it was a natural sinkhole or a break in a water line. Residents …
Massive Hole Endangers Residents of Fla. Manufactured Home Community Read More
The U. S. Department of Housing and Urban Development (HUD) has announced updates to its dispute resolution program involving the purchase and installation of manufactured homes for the 23 states that do not already have a HUD-approved resolution process. A new Office of Manufactured Housing Programs (OMHP) website is designed …
Office of Manufactured Housing Programs issues New Dispute Resolution Program Read More
The Yellowstone County Zoning Commission unanimously turned down a zone change application that would have allowed Cherry Creek Estates manufactured home community (MHC) to expand by adding as many as 80 manufactured homes, reports billingsgazette. While the Yellowstone County Board of Commissioners will have the final say when it meets …
Zoning Commission Recommends against Expansion of Manufactured Home Community Read More
During Q4 2015, 40 North Management sold its entire portfolio of Equity LifeStyle Properties (NYSE:ELS), unloading 108,321 shares for a transaction value of $7.8 million, reports everythinghudson. Other hedge funds, including Guggenheim Capital boosted its stake in ELS, adding 5,784 shares and now holds 83,853 shares valued at $6 million. …
Positions Change in Shares of Stock of Equity LifeStyle Properties Read More
MHProNews has learned from wcbi that Maryville, TN-based Clayton Homes has acquired all the assets of River Birch Homes of Hackleburg, AL, effective immediately. Gerald Terrell and Delmo Payne combined their experience into River Birch in 1997. Payne said, “Since day one, our motto has always been: ‘Q. V. S.’ …
Clayton Homes Acquires River Birch Homes of Alabama Read More
What’s New in public focused Manufactured HomeLivingNews.com State Inspector Becki Jackson – Safety & Quality of Manufactured Homes What’s New in Manufactured Housing Industry Professional News Feb. HUD Code manufactured home production rises 27.6%. Notable deaths in the manufactured home community. Rent control inhibits new MHC development. Resident-owned community grateful …
Sunday Morning Recap-Manufactured Housing Industry News April 3 April 10, 2016 Read More
MHProNews has learned from prnewswire that Eugene W. Landy, board president of manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH), announced that Richard H. Molke is retiring from the board after 30 years of service. The board of directors has chosen Kenneth K. Quigley, Jr. to serve out the …
The New York Housing Association (NYHA) has informed MHProNews that Herbert Fiederer, Sr., 80, who with his wife, Patricia, owned Latham Homes of Oneonta, New York since 1972, passed away March 7, 2016 in Venice, Florida. The couple also owned four manufactured home communities in New York state. Members of …
In hedge fund trading, Robotti Robert bought 50,000 shares of manufactured and modular home producer Skyline Corp.(NYSE:SKY), and as of Q4 2015 controls a total of 64,700 shares valued at $379,142. After selling 1,383 shares of Skyline stock during the fourth quarter, Vanguard now owns 138,999 shares with a value …
Skyline and Sun: Manufactured Housing Insider Trading Read More
A proposed federal regulatory change could conceivably prevent tiny-home dwellers from living in their homes, which they say is an example of the government telling them how they can live, reports cleveland to MHProNews. As of last week, HUD had received 4,000 letters from angry supporters of the homes, which …
Local and State Regulations cover Tiny Homes, not HUD Read More
