The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews the so-called “new” duty to serve (DTS) rule issued by the Federal Housing Finance Agency (FHFA) Dec. 18, 2015, much like the original 2010 implementation, continues the exclusion of manufactured home (MH) chattel loans, which make up some 70 percent …
MHARR Criticizes FHFA for Continuing to exclude Chattel Loans Read More
Manufactured home community owners in Bismarck, South Dakota are complaining that special assessments imposed by the city council on manufactured home sites are double those of lots for single-family homes, adding it puts an unfair burden on those who can least afford it. Residents pay taxes on their homes and …
Special Assessments on MHC Sites draws Ire of Owners Read More
For its fiscal year ending Oct. 31, 2015, Nobility Homes, Inc. (OTCQX:NOBH) reported sales for the year rose 32 percent $27,836,804 as compared to $21,152,259 recorded in fiscal year 2014, according to what yahoo.finance tells MHProNews. Income from operations (IFO) for FY 2015 nearly tripled over last year’s numbers of …
A story MHProNews last published Sept. 10, 2015 concerning a business in Brewer, Maine that has been converting shipping containers into modular buildings since 2011, was ordered to cease and desist. The attorney general’s office said it was making manufactured homes (MH) without a license. It has now received a …
SnapSpace may Move Modular Container Building Operation to South Carolina Read More
Following a story MHProNews last published Nov. 16, 2015 regarding the Mojave County, Arizona’s Board of Supervisors attempt to limit siting in the county of manufactured homes no older than seven years old, the mojavedailynews reports the board took no action at Monday night’s meeting. Retailers, installers, manufactured home owners …
Arizona County Postpones Ruling on Siting Older Manufactured Homes Read More
As part of a statewide allocation of $22.6 million in grants that will help create affordable housing, deliver social services and revive downtown communities covering 1,166 different projects, more than $2 million will be going to communities in western New York state to improve homes and help create a path …
Block Grants will Replace Manufactured Homes in Western NY Read More
Continuing a pattern set in motion Nov. 2014, one which MHProNews has reported on numerous times since, Jeffrey L. et al Gendell (a.k.a. Jeffrey Gendell) unloaded 66,753 more shares of Patrick Industries, Inc. stock, as told by dakotafinancialnews. According to a filing with the Securities and Exchange Commission, required of …
Following a story MHProNews last posted Oct. 14, 2015 regarding the arrival at the Ellsworth Air Force Base of manufactured homes to house flood victims on the Pine Ridge Indian Reservation, a private professional services firm, Dewberry, is assisting with the installation of the homes for the Oglala Sioux Tribe. …
Manufactured Homes Destined for Oglala Sioux Staged at Ellsworth Air Base Read More
MHProNews has learned from dakotafinancialnews that Drew Industries, Inc. (NYSE:DW) Chairman Emeritus Leigh J. Abrams sold 5,400 shares of Drew stock for $60.10 per share for a net transaction of $324,540.00. Disclosed in a transaction with the SEC, Abrams now owns 71,311 shares valued at $4,285,791.10. The company’s earnings for …
National Cooperative Bank (NCB) of Arlington, VA and New York’s MetLife have collaborated with ROC (resident-owned communities) USA to invest $40 million to provide loans for resident-owned manufactured home communities. According to justmeans, NCB and MetLife will each invest $15 million and ROC will put in $10 million to finance …
Institutional Capital Garnered to Finance Resident-owned Communities Read More
What’s New in public focused Manufactured HomeLivingNews.com Local Star Chambers Wage War on Affordable Housing What’s New in Manufactured Housing Industry Professional News Thugs threaten modular homeless housing in Dublin. Dodd-Frank reform dropped from bill. Fowl foul manufactured home expansion. Ordinance classifies 3 types of MH. Site-built starts & permits …
Sunday Morning Recap-Manufactured Housing Industry News Dec. 13-Dec. 20, 2015 Read More
Allan Wallis, writing in Wheel Estates, says: “The mobile home may well be the single most significant and unique housing innovation in twentieth-century America. No other innovation addressing the spectrum of housing activities- from construction, tenure, and community structure to design- has been more widely adopted nor, simultaneously, more widely …
Vertical Manufactured Home Community Built, then Scrapped Read More
Following a story MHProNews published Dec. 18, 2015 regarding a proposed addition to Carrington Pointe MHC in Fort Wayne, Indiana, the Fort Wayne Board of Zoning Appeals postponed a decision on the project to allow the applicant, Sun Secured Financing LLC, more time to review staff concerns over a retention …
Flying Fowl Foul Fort Wayne Formula for Expanding Manufactured Home Community Read More
Missouri Auditor Nicole Galloway’s office tells MHProNews reports the Missouri Public Service Commission (PSC) has been lax in its oversight of manufactured homes MH), stating the agency did not follow up on problems discovered during inspections of manufactured and modular homes. The audit, as stltoday reports, found problems with 11 …
MO Commission Insufficient in its Oversight of New Manufactured Homes Read More
From midsouthnewz, MHProNews has learned Terra Nova Asset Management has increased its holdings in Real Estate Investment Trust (REIT) Sun Communities (NYSE:SUI) by 4.8 percent in Q3 2015, according to an SEC Form 13F filing. The institutional investor added 410 shares during the quarter and now owns 8,900 shares of …
MHProNews has learned that Sun Secured Financing LLC, a subsidiary of Sun Communities, Inc. of Southfield, MI is seeking to expand Carrington Pointe manufactured home community (MHC) in Fort Wayne, IN (MHC) by 36 acres to accommodate 165 manufactured homes (MH). A rezoning that allows homes to occupy rental sites …
Expansion of Carrington Pointe MHC Planned for Fort Wayne Area Read More
Under a new manufactured housing ordinance being drawn up by the city of Washington, Indiana, as washtimesherald tells MHProNews, incoming Building Commissioner Bryan Sergesketter states there are three types of manufactured housing, as Lindsay Owens writes: “Type I, which is set on a permanent foundation; Type II, which is brought …
New Ordinance Classifies Manufactured Homes into Three Types Read More
MHProNews has learned from villages-news that the owner of Water Oak manufactured home community (MHC) in Lady Lake, Florida will reportedly be subject to a $250 daily fine if it does not mend or remove a diseased tree by Christmas. Lady Lake Special Magistrate Valerie Fuchs ruled on Dec. 15 …
Sun Communities ordered to Remove Tree or be Fined Read More
Following a pattern since Nov. 2014, as MHProNews has reported numerous times, Jeffrey L. Gendell is shedding more Patrick Industries, Inc. (NASDAQ:PATK) stock, this time 6,835 shares for $40.12 per share for a net of $274,220.20. Major shareholders that own ten percent or more of a stock are required to …
MHProNews has learned from newswire.ca that SpruceLand Properties, Inc. of Edmonton, Alberta, Canada has agreed to sell its portfolio of manufactured home communities (MHC) and commercial properties to two independent buyers for $101.6 million. The sale agreement for the two MHCs carries a price of $40.6 million, to be satisfied …
Spruceland of Canada selling both Manufactured Home Communities Read More
