Manufactured Homes

Manufactured Home Organizations help Sponsor Annual Food Drive

Continuing a tradition, as MHProNews reported Dec 12, 2014, the Delaware Manufactured Homeowners Association and the First State Manufactured Housing Association teamed up with other organizations, schools and businesses in Sussex County to sponsor the 32nd annual Caroling on the Circle in Georgetown. Over 400 carolers gathered in the downtown …

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Jeffrey L. Gendell Continues Unloading Patrick Stock

Following the continuing story of Jeffrey L. Et Al Gendell’s dumping of Patrick Industries’ stock since Nov. 2014, dakotafinancialnews reports he sold another 57,399 shares of Patrick on Fri., Dec. 4 at an average price of $42.49 for a net transaction of $2,438,883.51, as disclosed in a legal filing with …

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Passages: Mary “Irene” Younkin

Long-time manufactured home retailer and community owner Mary “Irene” Younkin, 95, passed away in Columbus, Ohio, Dec. 5, 2015. She was chairwoman of Greenlawn Realty, and co-founder of Greenlawn Mobile Home Sales as well as Greenlawn RV Center, and several land lease communities. Inducted into the RV/MH Hall of Fame …

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Sun Lights Up with Distributions

From Southfield, Michigan, the board of directors for real estate investment trust (REI)T Sun Communities, Inc. (NYSE:SUI) announces quarterly dividends on three different stocks, according to euroinvestor: $0.65 per share of common stock payable Jan. 15, 2016 to shareholders of record Dec. 31, 2015; $0.4453125per share on the Company’s 7.125% …

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Passages: Darla Blanchard

The Texas Manufactured Housing Association (TMHA) informs MHProNews that long-time TMHA member Darla Blanchard of Lumberton, TX passed away Dec. 6 at age 54 after a long battle with cancer. She and her husband, Tommy, own and operate World Wide Homes in Lumberton. MHProNews sends its deepest sympathies to her …

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Rural Scott County Iowa only Allows Multi-Section Manufactured Homes

In response to a reader’s question about siting manufactured homes (MH)on private property in specific east central Iowa locales, Tim Huey, Scott County Planning Director replies to qctimes that in rural areas, “We do not treat manufactured housing any differently than site-built homes. If a property retains a development right …

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Manufactured Home finally Saved from Creek

Following a story MHProNews last posted March 14, 2015 about a couple in Lewis Center, Ohio whose manufactured home was sliding into a creek next to their home, after numerous inspections and visits from commissioners, the state helped fix the situation, according to wbns10tv. The fix involved installing a retaining …

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Drew Principals Sell over 40k Shares of Stock

The sell off of Drew Industries, Inc. stock by principals of the company continues as Chief Financial Officer (CFO) Joseph S. Giordano III sold 8,000 shares of the company at an average price of $61.00 for a net transaction of $488,000.00, dated Fri., Nov. 27, according to midsouthnewz. He now …

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Sunday Morning Recap-Manufactured Housing Industry News Nov. 29-Dec. 6, 2015

What’s New in public focused Manufactured HomeLivingNews.com Personalizing Your Custom Home – at Half the Cost Sneak a Peek! What Millions Knows – Hiding in Plain Sight – The Home of the Future What’s New in Manufactured Housing Industry Professional News HUD Code Home Production Continues Ascending. Multiple Insider Trades …

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Insider Trading Continues at Drew Industries

As MHProNews reported Nov. 26, 2015, Drew Industries, Inc.’s Chief Administrative Officer Jamie Schnur sold 1,626 shares of Drew stock at $59.41 per share for a transaction valued at $96,600.66. On Nov. 16, 2015 he sold 1,720 shares of company stock for $100,620.00. He continues to be involved in insider …

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$11M Fannie Mae MHC Loan comes through Capital One

MHProNews has received word from Capital One that it has arranged an $11 million Fannie Mae fixed-rate loan to refinance Old Plantation manufactured home community (MHC) in Riverside, California. Damon Reed, Senior Vice President and Capital One Multifamily’s Director of MHC Finance, originated the transaction for the 223, all-age home …

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Capital One Arranges $7.7M Loan for Manufactured Home Community

MHProNews has learned from abladvisor that Damon Reed, Senior Vice President and Capital One’s Director of MHC Finance, arranged a $7.7 million refinance Fannie Mae loan for Casa de Flores manufactured home community (MHC) in Chico, California. The owner intends to retire higher-rate interest debt and make improvements to the …

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HUD Code Production Keeps Climbing

Data compiled on behalf of the Department of Housing and Urban Development (HUD) reveals manufactured home production increases moved into its fifth straight year, according to what the Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews. Production of HUD Code homes rose 5.2 percent over production for October, 2014, …

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Insider Trading Continues at Drew Industries

As financialmagazin reports, Drew Industries, Inc. (NYSE:DW) director David Reed sold 10,300 shares of company stock at an estimated $60.9 per share, yielding $627,270. Furthermore, within the last 30 days he sold an additional 1,200 shares valued at $73,368. Currently, Reed now owns 34,130 shares of Drew stock, approximating 0.14 …

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Cavco CEO Sells Block of Company Stock

MHProNews has learned from analystratings the CEO and president of Cavco Industries, Inc., Joseph Stegmayer, sold shares of the company for $1.86 million. The stock climbed 48.7 percent after Stegmayer’s last sell transaction on May 21, 2012. As MHProNews reported Oct. 30, 2015 on our daily stock report, Cavco’s stock …

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Nevada Lax in Securing MH Owner Info, Re-inspection of MH Upgrades

Auditors have discovered the Nevada Manufactured Housing Division (MHD) has over 2,000 names and Social Security numbers unsecured on the agency’s network, according to ksl in Carson City, and that 200 files of unencrypted personal information were being kept on staff computer hard drives, exposing it to potential hackers. The …

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Obama Administration: Unacceptable to Include Dodd-Frank Amendments in Appropriations Bill

As the deadline nears for the mega spending bills to be passed in Congress that will keep the government running, as MHProNews reported Nov. 26, 2015, the Obama administration has indicated it will push back against any attempt to substantially weaken the 2010 financial overhaul, according to the nytimes. Congressional Republicans …

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Sam Zell, chairman of Equity Group Investments, speaks during the Milken Institute Global Conference in Beverly Hills

Glass Shattering, Thoughts of Chairman Zell, Terror and New Issue

The December 2015 Featured Articles on MHProNews’ home page are scheduled to go-live late December 2nd, or early December 3rd. They will include: Thoughts and comments of real estate and investment mogul – ELS and EGI Chairman – Sam Zell. These will include vintage, unfiltered comments by Mr. Zell on hot …

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Michigan MHA Honors Achievements of Members

At its annual conference, the Michigan Manufactured Housing Association (MMHA) bestowed honors on several members for their achievements in best promoting the factory-built industry to their clients, as marketwired informs MHProNews. For best community entrance, Sun Communities’ Camelot Villa in Macomb, MI recently upgraded their roads and playground. In the …

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Newest Entry into Manufactured Housing Reported

Newborn into the MH Industry is Thomas Brandon Dobbs. “Tommy” was born in Corinth, MS, 8lbs 15 oz., on 11/11/15. Proud parents are Gary and Melanie Dobbs. Gary is in sales at Sunshine Homes, Red Bay, AL, covering Tennessee and Alabama. The happy grandparents are John and Pam Bostick, Lee …

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