Columbia Wanger Asset Management LLC reduced its holdings in factory-built home producer Cavco Industries, Inc. by -27.41 percent, or 702,685 shares, reports fdanewsalert. According to the most recent Security and Exchange Commission filing, 84 investors own Cavco, accounting for 9,213,425 shares. Ten investors opened new Cavco stakes while 29 existing …
Derry, New Hampshire’s Councilors unanimously approved Frost Residents Cooperative application for a Community Development Block Grant (CDBG) of up to $500,000 to connect the 30 home site community to city water and sewer. Built in the 1960s, the community is on private water and septic systems. ”They are failing, and …
Council Approves Block Grant app for Resident-owned Community Read More
Show Ways Unlimited, show management for the Midwest Manufactured Housing Federation (MMHF) that puts on the Louisville Manufactured Housing Trade Show has informed MHProNews that Friday has been canceled due to inclement weather. As much as a foot of snow is forecast for Friday, and neighboring parts of the nation …
Thursday will be last day for 2016 Louisville Manufactured Housing Trade Show Read More
MHProNews has learned from equitiesfocus that Sun Communities, Inc. distributed a dividend of $0.65 per share to its shareholders of record as of Dec. 31, 2015. The payout date was Jan. 15, 2016, and was the same amount as the dividend last year. Earnings per share (EPS) one year ago …
The TOPGUN (Tenants of Pine Gardens Uniting Neighbors) Association of Pine Gardens Mobile Home Park in Belmont, New Hampshire will meet at the Belknap County Complex in Laconia, NH, Sat., Jan 30. According to what citizen tells MHProNews. Lois Parris, the president of Manufactured Home Owners and Tenants Association of …
Residents of Pine Gardens Manufactured Home Community to Meet Read More
While terms of the acquisition were not disclosed, Zeman Homes, Inc. has informed MHProNews it has acquired four manufactured home communities (MHC) in the greater Detroit metropolitan area. All age communities Wagon Wheel, Wagon Wheel South, Carleton and Oak Haven have added 749 home sites to Zeman’s portfolio of MHCs, …
Zeman adds four Manufactured Home Communities to Portfolio Read More
Locals have told MHProNews that until recently, winter in the Bluegrass state has been mild. But old man winter is striking just in time for the 2016 Louisville Manufactured Housing Show. What promises to be the largest display in about a decade awaits the thousands of MH professionals who leave …
Louisville Forecast – Leave Early to Benefit from Indoor MH Show Read More
Retail sales on the year fell to their lowest pace since 2009, climbing only 2.1 percent for the year, the smallest gain since the Great Recession ended, raising concerns about consumer spending going into 2016. As bloomberg informs MHProNews the 0.1 percent drop in Dec., 2015 followed a gain of …
What does collapsing Walmart, other retail sales mean for Manufactured Housing? Read More
The agenda for the Buncombe County Board of Commissioner’s (North Carolina) retreat scheduled for Tue., Jan 19 includes planning this year’s goals and reviewing progress made on goals from last year reports mountainx. Held in the county building in Asheville, increasing affordable housing was on the agenda last year and …
Allowing Manufactured Homes in all parts of County being Considered Read More
Following a story MHProNews posted Sat., Jan 16 regarding the investment in the manufactured home community (MHC) Pacific Skies Estates in Pacifica, Calif., by the Carlyle Group and subsequent upgrading, smdailyjournal reports the owners and the California Coastal Commission are at odds over whether the work requires a Coastal Development …
Coastal Commission, City of Pacifica Disagree about Permit Read More
What’s New in public focused Manufactured HomeLivingNews.com Bad and Good – Two Sides – Manufactured Home Living and News Reporting What’s New in Manufactured Housing Industry Professional News Ishbel Dickens refuses debate with Carla Burr over PBS NewsHour report. Part of MHC to close. Jurisdiction ready to impose master meter …
Sunday Morning Recap-Manufactured Housing Industry News Jan. 10 -Jan. 17, 2016 Read More
MHProNews published a story Sept. 22, 2015 regarding private equity firm The Carlyle Group’s collaboration with Pacific Skies Estates, a 93 site manufactured home community (MHC) on the Pacific, and investing $42 million to upgrade the community with new, high-end MH that will be rented. The plan includes building a …
Carlyle Group is one Resident Away from Updating Coastal MHC in CA Read More
For over a year Madison Township officials have wanted to put Hidden River South manufactured home community (MHC) in Adrian, Michigan on one master water/sewer meter, but because the management has not been responsive, township officials are considering a condemnation order to install the meter. When the community was built …
Township Set to Impose Master Meter System on Manufactured Home Community Read More
Eight investor-owned utilities in Southern California participating in a program to upgrade old and defective gas pipelines and electric power lines in manufactured homes will pass on the costs to their ratepayers to cover the program. Many of the systems have not been upgraded in decades. Part of the impetus …
Cost of Extensive Utility Upgrades to MHCs will be Borne by all Ratepayers Read More
Amid the pressing need for affordable housing in this country, as rents rise and incomes remain static, a federal tax law enacted last month may lead to the increased production of affordable rental housing, although the rise may be minimal, according to what housing experts tell nationalmortgagenews. A part of …
New Tax Law will only Increase Affordable Housing Units Tepidly Read More
MHProNews has learned from zolmax that in its most recent quarterly financials, Skyline Corp. reports it earned +0.20 earning per share (EPS), well above the -0.41 it reported for the comparable quarter last year. No other quarterly reporting financial information was immediately available. Skyline has a 52-week low of $2.17 …
After receiving what he said were threats following a CBS7 report that his son was allegedly taking advantage of customers in his manufactured home business, Odessa, TX businessman Angel Nabarette said of his son’s business, “If anything needs to be reported, it’s that Five Star Manufactured Homes is ripping people …
Manufactured Home Retailer Allegedly Absconds with Customers’ Funds Read More
GSEs Fannie Mae and Freddie Mac both increased their multifamily loans and credit enhancements business in 2015, totaling $89.6 billion on the year. Freddie edged out Fannie in volume, with Freddie writing $47.3 billion, a 67 percent increase from 2014’s $28.3 billion, while Fannie reported $42.3 billion, a 46% increase …
Government Sponsored Enterprises Grew Multifamily Loans in 2015 Read More
Opening with an analysis about the dynamics behind mainstream media coverage, MHLivingNews publisher L. A. ‘Tony’ Kovach used that to focus attention on the recent PBS NewsHour report that featured Carla Burr, titled Bad and Good – Two Sides – Manufactured Home Living and News Reporting. Kovach reminds us of the rule of …
Mortgage lenders are reluctant to finance unusual residences because they are difficult to appraise, and if they should fall into foreclosure, they are tough to sell, according to themoretgagereports. The article includes a manufactured home with a couple of barns on ten acres as an unusual asset to evaluate, and …
