A proposal to allow 20 manufactured homes (MH) on an already serviced property that has two MH did not trigger any opposition at a public hearing held at the Bradley Center in Parksville, British Columbia, Canada. According to pqbnews, Area F Director Julian Fell said the neighborhood is a natural …
Proposal to Enlarge Canadian Manufactured Home Community Likely to Pass Read More
Residents of Desert Cove Mobile Home and R-V Park in Tuscon, Arizona are having to move after being told by manager John Hydrick the community has utility problems that the owner cannot afford to repair, according to what tucsonnewsnow tells MHProNews. Originally given 30 days to leave because the community …
Tucson Manufactured Home Community Closing, Residents Receiving Assistance Read More
According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Capital World Investors owned 204,000 shares of manufactured and modular builder Cavco Industries, Inc. (NYSE:CVCO), as of Q4 2015 with a value of $16,995,000, according to financialmarketnews. Another hedge fund, Numeric Investors LLC purchased 208,879 shares …
Hedge Funds Hungry for Cavco; Stock has Doubled in 2.5 Years Read More
MHProNews has been informed by prnewswire that the board of directors of manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend of $0.18 per share payable June 15, 2016 to shareholders of record as of May 16, 2016. Additionally, the board of directors …
UMH Properties set to Pay Dividends to Shareholders Read More
Beverly Williamson, longtime member of Ohio Manufactured Homes Association (OMHA) and owner of Williamson Mobile Home Park in Cleves, Ohio passed away suddenly on March 29, 2016. Her son, Guy Williamson, and daughter-in-law, Brooke Williamson, will continue her business affairs. Also, Bob and Marge Dunnington, who owned Oakwood Acres MHC …
Passages: Beverly Williamson, Bob and Marge Dunnington Read More
As Sheila Dey, Executive Director of the Western Manufactured Housing Communities Association (WMHCA), writes in publicceo, rent control is not the solution to the affordable housing crisis now gripping the state. Comparing a doctor trying to fix a broken leg by applying a band-aid, she said, “Government imposed regulations and …
Rent Control in Manufactured Home Communities Inhibits New Development Read More
Funded by CalHOME through the California Department of Housing and Community Development, the city of Garden Grove, California is offering First Time Homebuyer and Home Improvement programs for manufactured housing (MH) through Oct., 2017, or until the funds have been expended. The First Time Homebuyer program is aimed at low-income …
California Offering Assistance for Low income Manufactured Home Buyers and Rehabbers Read More
Elkhart, Indiana-based CEO of Patrick Industries, Inc. (NASDAQ:PATK) Todd M. Cleveland sold 15,000 shares of company stock at an average price of $48.35 per share for a transactional value of $725,400. According to financialmarketnews, he continues to hold 424,898 shares with a value of 20,548,067.28. Meanwhile, less than 100 miles …
John Kalec, Clayton Homes Executive Vice President and CFO, has announced his retirement after 20 years with the company, according to a press release reported by thedailytimes to MHProNews. Focusing on strategic and operational activities, Kalec led the accounting and financial teams at Clayton. “Specifically, he has helped lead the …
John Kalec Grew Clayton through the Recession, Leaving after 20 Years Read More
In 1993, Taunton, Mass. Democratic State Senator Marc Pacheco was the lead sponsor of a bill that gave residents of a manufactured home community (MHC) first right of refusal if an MHC came up for sale, according to tauntonwickedlocal. On March 31, the 247 homeowners of Oak Hill MHC exercised …
Resident-owned Community Members Thankful for Right of Refusal Law Read More
What’s New in public focused Manufactured HomeLivingNews.com Realtors and Builders Warm Up to the Wonders of Manufactured Housing What’s New in Manufactured Housing Industry Professional News MA town wants exemption from state’s 40B ruling. Sun Communities to expand King’s Court MHC. Fannie Mae funds $5MM refi of MHC. New MHProNews …
Sunday Morning Recap-Manufactured Housing Industry News March 27-April 3, 2016 Read More
According to sfhfm, hedge fund Principal Financial Group Inc. increased its stake in Sun Communities, Inc. (NYSE:SUI) by 12.6 percent during Q4 2015, buying 221,370 shares of Sun stock, and now owns 1,981,842 shares of the real estate investment trust’s stock valued at $135,816,000. GW&K Investment Management acquired a new …
According to what Freddie Mac tells MHPrpNews in nationalmortgagenews, despite low wage growth this year, the housing market will reach its highest level in sales, housing starts and housing prices since 2006. It will be largely driven by interest rates that remain below four percent for a 30-year fixed rate, …
Freddie Mac Forecasts Best Year in Ten for Housing Industry Read More
Capital One Multifamily informs MHProNews that it arranged a $5.0 million Fannie Mae 30-year term fixed-rate loan to refinance the Napa Olympia Mobile Lodge in American Canyon, Calif. Marking their 11th Fannie Mae transaction with Capital One, the owners acquired the property in 2005 with a ground lease in place. …
Fannie Mae Funds $5M Refi of Napa Olympia MHC in Calif. Read More
Garfield Township, Michigan planning commissioners will hold a public hearing April 13 regarding Sun Communities, Inc.’s (NYSE:SUI) request to rezone two parcels of land from agricultural to manufactured home community. The 37-acre expansion south of King’s Court will provide home sites for 158 additional homes, according to what Bob Schmude …
Sun Communities Files to Expand King’s Court Manufactured Home Community Read More
As Warren Buffett’s Berkshire Hathaway approaches ten percent ownership in Wells Fargo & Co., mostly through several of Berkshire’s subsidiaries, he will have to pass a Federal Reserve review if he intends to acquire more than the 9.9 percent he currently controls, about 506 million shares valued at $24 billion, …
Buffett’s Berkshire Hathaway Stake in Wells Fargo nears Ten Percent Read More
Knoxville’s local8nowwvlt tells MHProNews that Jim Clayton, the founder of Clayton Homes donated $10,000 in a matching grant for students studying philanthropy at the University of Tennessee in Knoxville. The Haslam College of Business focuses on nonprofit leadership and social entrepreneurship to learn charitable giving. The students will distribute a …
Clayton Homes Father & Son Support Educational Efforts Read More
MHProNews has learned from sussexpilot that Robotti Robert sold 6,025 shares of Cavco Industries, Inc. (CVCO), according to the most recent filing, and now holds 180,427 shares valued at $16.2 million. Cavco now comprises 6.77 percent of Robotti’s portfolio. Other hedge funds reported trading in Cavco stock include Parametric Portfolio …
The affordable housing state law Chapter 40B that requires ten percent of a municipality’s housing stock in Massachusetts to be considered affordable, does not now include manufactured homes (MH), even though the income eligibility of MH residents is met. Officials of Carver, MA are seeking an exemption from that rule …
Town Wants Exemption from Law that Disallows Manufactured Homes as Affordable Read More
MHProNews has learned from prnewswire that manufactured home community (MHC) owner UMH Properties, Inc. will release first quarter 2016 financial results after the market closes on Mon., May 9, 2016, followed by a conference call to discuss the results the next day, Tue., May 10 at 10:00 AM eastern standard …
