The producer of component parts for the manufactured housing and recreational vehicle industries, Drew Industries, Inc. (NYSE:DW) reported record sales for Q4 2015 of $334 million, up 16 percent from the same period of 2014. Although sales fell slightly short of the consensus estimate of $336 million, net income rose …
Testifying before the Ohio House of Representatives’ Financial Institutions, Housing and Urban Development Committee in support of HB 273 regarding abandoned MH, OMHA Executive Director Tim Williams stated that current removal of abandoned MH (valued under $3,000) laws are effective in some counties where an affidavit of value is signed …
Ohio’s Association Director Williams Testifies before House Committee Read More
Following a story MHProNews last posted Dec. 14, 2015 regarding a proposed ordinance in Mohave County, Arizona that would restrict siting of manufactured homes to be no more than seven years old, the planning and zoning commission (P&Z) amended the ordinance to accept MH built after 1976, according to mojavedailynews. …
Ordinance Changed, County now Welcomes HUD Code since 1976 Read More
The board of directors of The Carlyle Group announced financial results for Q4 2015 as cnn.money tells MHProNews regarding this global asset management firm with $183 billion under asset management. With total assets on the balance sheet for Carlyle of $32 billion as of 12-31 2015, by U. S. GAAP …
Carlyle Posts Q4 2015 Financials, as it Invests in Northern Calif. MHC Read More
MHProNews has learned from bizjournals that Erlanger, Kentucky-based SSK Communities has acquired Hickory Hills manufactured home community in Florence, Kentucky, marking SSK’s third acquisition this year. The community is adjacent to SSK’s Mosby Pointe, and residents of Hickory Hills will have access to amenities at Mosby, including the clubhouse and …
MHProNews has learned from einnews that William Sheffer will assume the helm of the Michigan Manufactured Housing, Recreation Vehicle and Campground Association (MMHRVCA) in the wake of the retirement of 38-year Executive Director veteran Tim DeWitt. Sheffer has been director of the MMHRVCA since 1995, and will assume the new …
William Sheffer takes Helm of Michigan Association Read More
The Vermont Economic Development Authority (VEDA) has approved $14.4 million in loan and bond financing for a variety of projects throughout Vermont, according to what MHProNews has been informed by vermontbiz. Funding of $300,000 was approved to assist Vermod High Performance Manufactured Housing, LLC, a producer of energy-efficient modular homes …
Producer of High Tech Manufactured Homes Obtains Loan to Buy Facility Read More
The conventional rule of thumb in the New Hampshire presidential primary told us that many, if not most voters, don’t decide for whom they will vote until right before they cast their ballot. This year may have been the exception, as the polls that emerged in the run up to …
Trump Thumps Rs, Hill feels the Bern in NH Primary Read More
Once again, as MHProNews reported June 19, 2013, the First State Manufactured Housing Association (FSMHA) is offering four scholarships of up to $1,000 to residents of a manufactured home (MH) in Delaware. Applicants must be a resident of the state and have lived in an MH for at least one …
MHroNews has learned from prnewswire former president of Goldshield Fiberglass Jeff Newport has been chosen by Skyline Corp. of Elkhart, Indiana as Vice President of Operations, overseeing the manufacturing, purchasing and quality operations for all nine of the company’s divisions. At Goldshield, he spearheaded initiatives that resulted in a 400 …
According to what thehill tells MHProNews, recreational vehicles (RV) are currently exempt from the Department of Housing and Urban Development (HUD)’s rules for manufactured homes (MH). New proposed rules say those RVs that are used as a “primary residence or permanent dwelling” should not be exempt. HUD wants to redefine …
Actress and singer Hilary Duff and ex-National Hockey Leaguer Mike Comrie, over two years since splitsville in Jan., 2013, have finalized their divorce, as tmz informs MHProNews. Duff gets to keep their Beverly Hills mansion and a manufactured home in prized Malibu–”it’s a very ritzy thing among the rich”–, but …
Hollywood Calling: Quitsville Leaves Hilary Duff with Malibu Mobile Home Read More
As MHProNews reported Dec. 21, 2015, professional services firm Dewberry assisted with the siting of manufactured homes for the Oglala Sioux tribe on the Pine Ridge Indian Reservation in South Dakota, marking the first presidential disaster declaration made directly to an Indian tribe. From directionsmag, MHProNews has learned Dewberry has …
Dewberry Still Assisting Sioux with Manufactured Homes Read More
What’s New in public focused Manufactured HomeLivingNews.com Lifestyles of the Rich and Frugal: Manufactured Mansions Take Their Place in the California Sun What’s New in Manufactured Housing Industry Professional News Small community banks declined 20.5% since Dodd-Frank. Seattle Times prods investigation of Clayton. Town officials resign over MH siting. Seniors …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 31 -Feb. 7, 2016 Read More
Following a story MHProNews posted Jan. 14, 2016 regarding GSEs Fannie Mae and Freddie Mac’s multifamily loans for 2015, which totaled just under $90 billion, rebusinessonline reports CBRE was Freddie’s highest-producing multifamily mortgage seller with $6.96 billion in originations. Making the announcement at the Mortgage Bankers Association (MBA) convention in …
MHProNews has learned from prnewswire that Patrick Industries, Inc. (NASDAQ:PATK) will release its fourth quarter and year end 2015 financial results before the market opens on Thurs., Feb. 18, 2016. Later that same morning at 10:00 AM eastern time Patrick intends to host a conference call to discuss the results …
In its attempt to grow in Pennsylvania and New York, Clayton Homes has acquired G&I Homes of Frankfort, New York according to uticaod. Founded by Gerald and Irene Bushey in 1965, the six upstate manufactured home locations will continue to be run by members of the Bushey family, including son …
Clayton Acquires Manufactured Home Retailer G&I Homes of New York Read More
The mayor, one city council member, the city attorney, city manager and a Board of Adjustment member have all resigned their posts in Marquette, Iowa, pop. 462, according to thegazette, possibly in response to the city ‘s inaction on a zoning violation, as MHProNews has learned. On Wed., Mayor Dave …
Factory-built Home Causes Wholesale Resignations of Mayor and Staff Read More
As part of the Seattle Times‘ ongoing year-long rant on Warren Buffett’s/Berkshire Hathaway-owned Clayton Homes and their affiliated lenders, Mike Baker and Daniel Wagner have succeeded in drawing Washington Governor Jay Inslee’s attention and his state’s Department of Commerce. This is resulting in a bill to investigate the sales, financing …
Effective for mortgages with settlement dates after Jan. 4, 2016, a bulletin from Freddie Mac says as part of their initiative “to responsibly expand homeownership,” it is updating mortgage insurance requirements for Home Possible Mortgages. If an H P Mortgage is secured by a manufactured home, it will be subject …
Freddie Mac Updates Manufactured Home Mortgage Insurance Read More
