Manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) has announced the underwritten public offering of 3,250,000 shares of its common stock at $65.00 per share, according to marketwatch. Moreover, the underwriters receive a 30-day option to purchase up to an additional 487,500 shares. BofA Merrill Lynch, Citigroup and BMO …
Kentucky Gov. Steve Beshear has chosen SSK Communities owner and co-founder Nathan Smith to serve on the reorganized 13-member Cincinnati/Northern Kentucky International Airport (CVG) board of directors. He is the only board member selected directly by the KY governor. The other members are nominated from the KY counties adjoining the …
The Seward County, Kansas commissioners have agreed to ease restrictions on replacing a manufactured or mobile home with a newer model by not requiring the owner to apply for a special zoning exception, which necessitates a public hearing with board of zoning appeals. As leaderandtimes tells MHProNews, the planning commission …
Kansas County Eases Upgrade on Manufactured Home Replacement Read More
Investors Business Daily (IBD) tells MHProNews that producers of manufactured homes and recreational vehicles have moved up the IBD rankings of 197 industry groups from 120th six weeks ago to the current 7th spot. Termed the Building-Mobile/Manufacturing & RV group, the MH/RV ranking was in the 89th spot just three …
Updating a story MHProNews first posted Oct. 10, 2015 about Clayton Homes’ acquisition of Chafin Homes of Buford, Georgia, it has been disclosed to MHProNews that the price for the deal was $50 million, plus the previously revealed 1,100 developed and undeveloped building lots. According to housingwire, Chafin has been …
Shares of manufactured housing component supplier Patrick Industries, Inc. (PATK) fell 11.17 percent during the last week, but the last four weeks has seen positive gains of 2.11 percent. In any case, Zacks’ analysts consensus gives it a 1 rating, which is a strong buy. Oppositionally, a 5 rating would …
Patrick Industries and Sun Communities hit 52-week Highs last week Read More
A report by the National Fire Prevention Association’s (NFPA) John R. Hall, Jr., entitled Manufactured Home Fires documents that manufactured homes (MH), built after 1976 when MH production fell under the dictates of the Department of Housing and Urban Development (HUD), are more fire-resistant than comparable site-built homes. The study …
MHProNews has been informed that Capital One’s Damon Reed, Senior Vice President and Director of MHC Finance for the Multifamily Division, has arranged a $5.8 million Fannie Mae fixed-rate loan for the acquisition of Orosi Estates in Orosi, California, 200 miles north of Los Angeles. The 128 manufactured home community …
Capital One Arranges Financing for Manufactured Home Community Read More
What’s New in public focused Manufactured HomeLivingNews.com Keeping the Home Fires from Burning: Fire Safety and the Modern Manufactured Home Robert Gann, Chet Murphree, Deer Valley Homebuilders, Guin AL – Inside MH Video Tours What’s New in Manufactured Housing Industry Professional News Quarter financials spike Cavco’s stock. MHARR, MHI respond …
Sunday Morning Recap-Manufactured Housing Industry News Oct. 25-Nov. 1, 2015 Read More
Manufactured home communities (MHC) play an important role in meeting the need for affordable housing across the U. S., reports usda.gov. If they become a cooperative, the residents have a major responsibility to govern and manage their ownership rights, reports John McNamara, a Cooperative Development Specialist with the Northwest Cooperative …
Co-op Residents get Assist from Software to Operate Communities Read More
In response to a request from House Financial Services Committee Chairman Jeb Hensarling for ideas to address housing affordability and poverty, the Manufactured Housing Institute (MHI) offered constructive suggestions on improving regulations and programs that affect the manufactured home industry. In addition to shepherding H. R. 650, the Preserving Access …
MHProNews has learned from dakotafinancialnews that Charles Scott Green sold 1,500 shares of Universal Forest Products, Inc. (NASDAQ:UFPI) stock at an average price of $74.47 for a net of $111,705.00. The UFPI vice president now owns 19,226 shares of stock in the company valued at $1,431,760.22. The sale was disclosed …
Insider Trading at Universal Forest Products, Inc. Read More
Financials for the second quarter of 2016 for Cavco Industries, Inc. (NASDAQ:CVCO) ending Sept. 26, 2015 indicate net revenue hit $192 million, an increase of 37.8 percent over the $139.3 million for the same period of 2015, as globenewswire reports. Cavco attributes the increase to the operations of two manufactured …
As MHProNews knows, Newsmax’s top – #1 – rated retirement community in their list of 50 is The Villages. The Villages is a mix of HUD Code Manufactured Housing and other construction that includes site building that in some cases mimics the look of a manufactured home. With 56,260 homes, …
Manufactured Home Community Named Top Retirement Locale in Florida Read More
Prior to the opening of the NY Housing Association’s 65th annual meeting, manufactured housing industry circles took a bit of umbrage at the remarks of George Moorehouse, a NY Code Enforcement Official who allegedly said “In ten years there will be no more new manufactured housing placed in the state …
MH Industry Perturbed by NY State Administrative Agency Position Read More
With unanimous approval from the Avon Park City Council on first reading, one hundred thirty-four acres of groves in Avon Park, Florida may soon become the largest manufactured home subdivision in the city, and one of the largest in Highlands County, as highlandstoday tells MHProNews. Avon Park City Manager Julian …
Large Florida Manufactured Home Community on the Drawing Board Read More
Real estate investment trust (REIT) and owner of manufactured home communities (MHC) Sun Communities, Inc. (NYSE:SUI) reported $0.95 earnings per share (EPS) for Q3, 2015, short of analysts’ consensus estimates of $1.04 by $0.09, according to dakotafinancialnews. The company has a 12-month low of $53.44 and a 12-month high of …
Updating a story MHProNews last posted Oct. 23, 2015 regarding the Federal Emergency Management Agency’s (FEMA) housing assistance to survivors of the Butte and Valley Fires in California, mymotherlode reports crews are busy removing debris and household hazardous waste materials. The state and federal EPA (Environmental Protection Agency) continue to …
By some estimates, ranked as the largest private equity firm in the world with $193 billion in assets under management, the Washington, D. C.-based Carlyle Group has invested in another manufactured home community (MHC) in California, according to bizjournals. As MHProNews reported Sept. 22, 2015, Carlyle took part ownership in …
Carlyle Acquires another Bay Area Manufactured Home Community Read More
Washington, D.C., October 27, 2015 – MHARR informs MHProNews that in response to an invitation by House Financial Services Committee Chairman Jeb Hensarling (R-TX) to “bring new ideas to the table on how best to fight the problems of poverty and housing affordability” on the 50th anniversary of the legislation …
