The U. S. Department of Housing and Urban Development (HUD) will provide $500,000 through the Federal HOME Investment Partnerships Program to assist first-time homebuyers in Nassau County, New York purchase a home, including manufactured homes. Eligible applicants can receive up to $25,000 for down payment/closing costs of a new or …
$25k Grant Available for First Time Home Buyers on Long Island Read More
Residents of Franklin County in northern Alabama may be eligible to each receive $25,000 for home repair or replacement, regardless of whether the damage was the direct result of the tornadoes that tore through the area in 2011. According to franklincountytimes, this is the second round of funding through the …
$25k CDBG Funds to Replace Manufactured Homes in Alabama Read More
MHProNews has learned from insidertradingreport that the president of Fleetwood Homes division of Cavco Industries, Inc. (CVCO), Charles E. Lott, sold 1,516 shares of Cavco stock on Nov 6, 2015, as reported to the Securities and Exchange Commission. The shares were sold at $95.25 for a total value of $144,399.00. …
The operators of a 113- year-old community-based organic farm in East Austin, Texas, have had their fears of losing the farm to a luxury manufactured home (MH) development allayed, according to what mystatesman tells MHProNews. The Green Gate Farms occupies a portion of 250 acres purchased by Roberts Resorts of …
Organic Farm may share Space with Luxury Manufactured Homes Read More
MHProNews has been informed that a collaboration beginning in Dec. 2015 between Champion Home Builders, Inc. and MHVillage will provide the opportunity for visitors to MHVillage to connect with Champion retailers across the country for availability of different models. Additionally, through its extensive network of manufactured home communities (MHC), MHVillage …
Champion Homes and MHVillage Link up to Market Homes Read More
Jamie Schnur, Chief Administrative Officer for Drew Industries, Inc. (NYSE:DW) sold 2,115 shares of company stock on Nov. 5, 2015 for $60.52 per share for a net of $127,999.80, according to insidertradingeport. The transaction was disclosed to the Securities and Exchange Commission on Nov. 9. At present, company insiders own …
Maryville, Tennessee-based Clayton Homes has reported a net income increase of 31.1 percent for Q3 2015, to $189 million, according to a regulatory filing, says nationalmortgagenews. A subsidiary of Berkshire Hathaway, revenue rose due to an eight percent increase this year in home unit sales. Additionally, profit grew because of …
Builder confidence in the single-family 55+ housing market rose for the sixth quarter in a row, according to what the National Association of Homebuilders (NAHB) tells MHProNews, as the 55% + Housing Market Index edged up three points to 60. Any number above 50 indicates confidence is good. As consumeraffairsreports, …
Housing Market Confidence Index for 55+ Homes Rises Read More
MHProNews has learned from dakotafinancialnews that Zacks has upgraded Dynex Capital (NYSE:DX) from a hold rating to a buy rating, with a $7.50 target price on the stock. One of the company’s current production operations is the origination of loans secured by manufactured homes (MH). Dynex also originates mortgage loans …
Manufactured Home Loan Securitizer Beats Zacks EPS Read More
Following a story MHProNews first posted Nov. 3, 2015 regarding a public offering of 3,250,000 shares of Sun Communities, Inc. (SUI) common stock at $65.00 per share, the offering is now closed, after an additional 487,500 shares were sold to the underwriters as part of their option. The company estimates …
The Yucaipa (California) City Council, after visiting several deteriorating manufactured home communities, is considering passing an ordinance to make it easier for community owners to convert their property to a different use. If the community owner wants to develop their property, the ordinance would give pre-approval zoning and a “mobile …
MHProNews has learned from nkytribune a Jefferson County, Kentucky judge has refused to dismiss a lawsuit brought by a former resident of a manufactured home community (MHC) against the community owner, Erlanger, KY-based SSK Communities. Virginia Chappell, who lived in Autumn Lake Pointe MHC (MHC) in southwest Jefferson County, KY, …
Kentucky Judge Refuses to Dismiss Lawsuit against Land Lease Community Owner Read More
What’s New in public focused Manufactured HomeLivingNews.com From Condo to Upscale Manufactured Home Living – John & Joyce Walter, Oshtemo, MI – Inside MH Road Show Vide Olga Pecanac, Olga’s Place Pizza & Euro Restaurant, Westville, IN – U.S. Destination – Pure Fun! Reinventing HUD’s role in Quality Affordable Housing, …
Sunday Morning Recap-Manufactured Housing Industry News Nov. 1-Nov. 8, 2015 Read More
MHProNews has learned from PRWeb that Fremont, Ohio-based Style Crest has recently developed a new line of Revolv® HVAC products specifically aimed at the manufactured home (MH) market, a market it has been serving for over 40 years. The new product, in addition to meeting all federal standards, features new …
Collaboration leads to New HVAC System for Manufactured Homes Read More
Residents questioned the Upper Township Planning Board in Upper Township, New Jersey about two manufactured home communities (MHC) for seniors, one with 110 home sites in Seaville and another one that is proposed in Palermo. Ground was broken last month for the community in Seaville, planned by Ocean City developer …
Three New Senior Land Lease Communities Rising in New Jersey Read More
MHProNews has learned from koin-tv in Hillsboro, Oregon that manufactured homes in a community may increase in value without any improvement being made to the home. Alice Siller’s MH was built in the 1980s, and has been valued at $12,000 for tax purposes, which cost her $6 a year. Then …
Manufactured Home Tax Bill rises from $6 to over $400 Read More
Pointing to a potential upside of $13.09 from the current price, equities researchers at Scotiabank have given Killam Properties (TSE :KMP) a target price of C$11.75 ($8.93 USD) in a research report issued to clients and investors on Wed., Nov. 4, according to dakotafinancialnews. Other analysts have been issuing reports …
Following the continuing saga of survivors of the Butte and Valley wildfires in Northern California as MHProNews last posted Oct. 23, 2015, record-bee reports the Federal Emergency Management Agency (FEMA) has identified the Clearlake Resort and Campground near Lakeport as a site that will accommodate 40 manufactured homes. Another location …
Site Set for 40 Manufactured Homes in Wildfire Area Read More
The Manufactured Housing Association for Regulatory Reform (MHARR) tells MHProNews that HUD Code production of manufactured homes for September, 2015 reached 6,325 homes, an increase of 7.8 percent over the 5,862 homes produced in September of 2014. Total industry production for the year now totals 52,061 MH, an eight percent …
MHProNews has learned from dakotafinancialnews that manufactured home component supplier Drew Industries (NYSE:DW) reported $0.70 earnings per share for the third quarter, 2015, missing analysts consensus of $0.74 by $0.04. Earnings per share for the same period last year were $0.64. Drew earned $345 million during Q3, as compared to …
